The global supply chain security market size is estimated to grow from USD 2.52 Billion in 2024 to USD 5.14 Billion by 2030 at a compound annual growth rate (CAGR) of 12.6% during the forecast period.
Scope of the Report
Years Considered for the Study
2018-2030
Base Year
2023
Forecast Period
2024-2030
Units Considered
USD (Billion)
Segments
By Offering, Security Type, Organization Size, Application Areas, and Region.
Regions covered
North America, Europe, Asia Pacific, Middle East and Africa, Latin America
The increasing need for robust, scalable, and cost-effective solutions to address vulnerabilities, ensure transparency, and prevent disruptions is driving the Supply Chain Security Market. The rapid digitalization of supply chains and adoption of cloud-based platforms have further strengthened the requirement for advanced security measures. Certain challenges prevailing in the market such as high implementation costs, integration complexities, and a lack of awareness, third-party dependencies and limited expertise are overcome by customized solutions, education initiatives, and cost-effective innovation is driving the growth in this market. Higher focus on data visibility, compliance, and risk management ensures that businesses have secure, efficient, and resilient supply chains for the changing landscape of global operations
By offering, Hardware components accounts for a larger market size during the forecast period
The Hardware segment is expected to hold the largest market size in supply chain security during the forecast period. This is because it has a critical role in facilitating physical and digital security solutions. Hardware pieces, such as RFID tags, sensors, IoT gadgets, GPS systems, and biometric systems, present real-time tracking, monitoring, and authentication for any assets to ensure the supply chains' security and integrity. Together these devices are critical in collecting data across multiple touchpoints, increasing visibility, and identifying vulnerabilities. Additionally, the increasing adoption of IoT and smart tracking in various industrial segments, including logistics and manufacturing and health-care units, boosts the demand for effective hardware systems. It supports the secure handling of commodities in the physical realm and its resistance to counterfeit can curb unapproved access and handle unauthorised changes, and also infrastructure, investment in smart warehouses, along with advanced transportation, pushes forward hardware growth as more end-to-end supply chain activities shift across geographies and continents.
By region, Asia-Pacific accounts for the highest CAGR during the forecast period.
Major drivers in Asia-Pacific region in supply chain security market are the rapid industrialization, economic growth, and growing trade activities. Major countries including China, India, Japan, and South Korea have emerged as hubs for manufacturing and logistics. Such giant-scale operations have prompted advanced security solutions in managing these large-scale activities. Similarly, the region has fast adopted technology for Industry 4.0, including IoT, AI, and blockchain, where traceability, efficiency, and security in supply chains is being enhanced. Governments are also implementing tighter regulations on traceability as well as cybersecurity in fields such as pharmaceuticals, automobiles, and electronics with an intention to fight counterfeiting and unauthorized distribution. Together, it has accelerated the need for developing secure logistics networks e-commerce. Similarly, Technological development is are driven by investment in infrastructures, from smart warehouse systems to transportation systems. Digitalization, regulatiory compliance, and dependency on global trade create the facilitative environment for growth in the Asia-Pacific supply chain security.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1 -40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C-level Executives - 40%, Directors - 40%, and Others- 20%
By Region: North America - 40%, Asia Pacific - 30%, Europe - 20%, and Rest of the World - 10%
The study includes an in-depth competitive analysis of the key players in the supply chain security market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the supply chain security market by offering, security type, organization size, application areas, and region.
It forecasts its size by Offering ( Hardware Components, Software Solutions, Services), By Security type (Data Locality & Protection, Data Visibility & Governance, Fraud Prevention & third party Risk Management), By Organization Size (SMEs and Large Enterprises), By Application areas (Healthcare & Pharmaceuticals, FMCG, Chemicals, Retail & Ecommerce, Automotive and Other applications, By Region ( North America, Europe, Asia Pacific, Middle East and Africa, Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the supply chain security market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers, such as (Growing data volumes growing data volumes are driving supply chain security (Rising incidences of cyberattacks across supply chains, Growing need for supply chain transparency, Upsurge and innovation in advanced technologies, Regulatory compliance and stringent government mandates); Restraints (Budgetary constraints among small and emerging startups in developing economies, Shortage of skilled professionals); Opportunities (Rapid growth in the e-commerce sector, Advancing risk prediction and management in supply chains, Increasing IoT devices in the supply chain) and Challenges (Limited awareness about supply chain security among organizations, Third-Party Risks and Insider Threats ).
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, new products, and service launches in the supply chain security market.
Market Development: Comprehensive information about lucrative markets - the report analyses the supply chain security market across varied regions.
Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the supply chain security market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players IBM (US) , Emerson (US), Oracle (US), NXP Semiconductors (Netherlands), Testo (Germany), Orbcomm (US), Sensitech (US), Elpro (Switzerland), Rotronic (Switzerland), Berlinger & CO. (Switzerland) among others, in the supply chain security market strategies.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key insights from industry experts
2.2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 REVENUE ESTIMATES
2.4 MARKET FORECAST
2.5 ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF SUPPLY CHAIN SECURITY MARKET
4.2 SUPPLY CHAIN SECURITY MARKET, BY OFFERING, 2024
4.3 SUPPLY CHAIN SECURITY MARKET, BY SECURITY TYPE, 2024
4.4 SUPPLY CHAIN SECURITY MARKET, BY ORGANIZATION SIZE, 2024
4.5 SUPPLY CHAIN SECURITY MARKET, BY APPLICATION AREA, 2024
4.6 SUPPLY CHAIN SECURITY MARKET, BY HARDWARE COMPONENT, 2024
4.7 SUPPLY CHAIN SECURITY MARKET, BY SOFTWARE SOLUTION, 2024
4.8 SUPPLY CHAIN SECURITY MARKET, BY SERVICE, 2024
4.9 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising incidences of cyberattacks across supply chains
5.2.1.2 Growing need for supply chain transparency
5.2.1.3 Upsurge and innovation in advanced technologies
5.2.1.4 Regulatory compliance and stringent government mandates
5.2.2 RESTRAINTS
5.2.2.1 Budgetary constraints among small and emerging start-ups in developing economies
5.2.2.2 Shortage of skilled professionals
5.2.3 OPPORTUNITIES
5.2.3.1 Rapid growth in eCommerce sector
5.2.3.2 Advancing risk prediction and management in supply chains
5.2.3.3 Increasing IoT devices in supply chain
5.2.4 CHALLENGES
5.2.4.1 Limited awareness about supply chain security among organizations
5.2.4.2 Third-party risks and insider threats
5.3 CASE STUDY ANALYSIS
5.3.1 IONIX EMPOWERED E.ON TO SECURE DIGITAL SUPPLY CHAIN AND STRENGTHEN CYBER DEFENSES
6.2.1 HARDWARE DEVICES TO ENSURE REAL-TIME TRACKING AND TRACING OF ASSETS IN SUPPLY CHAIN
6.2.2 IOT SENSORS & DEVICES
6.2.2.1 Need to transform supply chain management by offering real-time monitoring and enhanced operational control to drive market
6.2.2.2 Temperature sensors
6.2.2.3 Humidity sensors
6.2.2.4 Motion detectors
6.2.2.5 Vibration & shock sensors
6.2.2.6 Pressure sensors
6.2.3 RFID TAGS & READERS
6.2.3.1 RFID to improve supply chain accuracy, reduce operational costs, and enhance resilience
6.2.3.2 Active RFID tags
6.2.3.3 Passive RFID tags
6.2.3.4 UHF (Ultra High Frequency) RFID systems
6.2.3.5 High Frequency (HF) and Low Frequency (LF) systems
6.2.4 GPS TRACKERS
6.2.4.1 GPS technology to offer robust solution for improving security, operational efficiency, and customer satisfaction
6.2.4.2 Vehicle trackers
6.2.4.3 Portable asset trackers
6.2.4.4 Advanced GPS modules with IoT integration
6.2.5 NETWORK SECURITY HARDWARE
6.2.5.1 Need to safeguard critical infrastructure and ensure seamless operations from cyber threats and disruptions to propel market
6.2.5.2 Firewalls
6.2.5.3 Intrusion Detection and Prevention Systems (IDPS)
6.2.5.4 Hardware Security Modules (HSMs) for key management
6.3 SOFTWARE SOLUTIONS
6.3.1 SOFTWARE INNOVATIONS TO EMPOWER BUSINESSES TO ANTICIPATE RISKS, STREAMLINE PROCESSES, AND MAINTAIN SECURE AND RESILIENT SUPPLY CHAIN NETWORKS
6.3.2 RISK MANAGEMENT PLATFORMS
6.3.2.1 Need to strengthen supply chain security market by equipping organizations with tools to identify, assess, and mitigate risks effectively to fuel market growth
6.3.2.2 Vulnerability assessment tools
6.3.2.3 Predictive analytics software
6.3.2.4 Incident response & reporting systems
6.3.3 THREAT INTELLIGENT SYSTEMS
6.3.3.1 Need to fortify organizations by offering actionable insights into vulnerabilities and potential attack vectors to accelerate market growth
6.3.3.2 AI-powered threat detection tools
6.3.3.3 Malware analysis platforms
6.3.3.4 Threat hunting systems
6.3.4 BLOCKCHAIN-BASED SOLUTIONS
6.3.4.1 Blockchain-based solutions to offer unparalleled transparency, traceability, and trust, addressing critical vulnerabilities
6.3.4.2 Smart contracts for supply chain integrity
6.3.4.3 Distributed Ledger Platforms (DLPs)
6.3.4.4 Blockchain-as-a-Service (BaaS) tools
6.3.5 SUPPLY CHAIN VISIBILITY TOOLS
6.3.5.1 Supply chain visibility tools to enhance security and efficiency by providing real-time insights into movement of goods, information, and transactions
6.3.5.2 Real-time tracking dashboards
6.3.5.3 Supplier collaboration platforms
6.3.5.4 Automated compliance monitoring software
6.4 SERVICES
6.4.1 INCREASED DEMAND FOR SERVICES TO EFFECTIVELY IMPLEMENT SUPPLY CHAIN SECURITY SOLUTIONS
6.4.2 TRAINING & CONSULTING
6.4.2.1 Training services to help users adopt supply chain security solutions efficiently
6.4.3 INTEGRATION & DEPLOYMENT
6.4.3.1 Need for formulating and implementing supply chain security strategies, preventing revenue losses, minimizing risks, and enhancing security to foster market growth
6.4.4 SUPPORT & MAINTENANCE
6.4.4.1 Need for technical assistance and post-maintenance services to solve critical issues to drive market
6.4.5 MANAGED SERVICES
6.4.5.1 Need for proactive threat detection and risk mitigation to boost market growth