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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Supply Chain Security Market Share
Software components enhance the supply chain security market by providing visibility into the entire supply chain ecosystem, enabling stakeholders to track the movement of goods, monitor inventory levels, and identify potential bottlenecks or inefficiencies.
Software components incorporate authentication mechanisms and access controls to ensure that only authorised users can access sensitive supply chain data, reducing the risk of unauthorized access or data breaches.
Hardware security modules (HSMs) offer tamper-resistant storage and processing for cryptographic keys and sensitive data, bolstering supply chain security by securing digital identities and transactions against cyber threats.
Data locality and protection security type drive supply chain security growth by enabling secure data sharing, restricting access to authorised parties, and ensuring regulatory compliance while maintaining data locality.
Data Locality and Protection security solutions often incorporate advanced encryption and tokenization techniques to protect sensitive data from unauthorized access and interception.
Data visibility and governance solutions provide real-time insights into data flows across the supply chain, enabling organizations to monitor the movement of goods, inventory levels, and transactional data.
The healthcare and pharmaceutical industries enhance the supply chain security market by implementing track-and-trace technologies, ensuring the integrity of pharmaceutical products throughout the supply chain.
Pharmaceuticals like vaccines need precise temperature control during transport to preserve effectiveness. Supply chain security solutions monitor conditions, crucial for maintaining the cold chain's integrity and preventing product spoilage.
Many automotive manufacturers adopt just-in-time (JIT) manufacturing practices to optimize inventory management and reduce costs. Implementing supply chain security measures ensures continuity of operations and mitigates risks associated with JIT manufacturing.
Supply Chain Security Market Report Snapshots
Supply Chain Security Market Size
Supply Chain Security Market Growth
Supply Chain Security Market Trends
Supply Chain Security Market Share
Supply Chain Security Manufacturers
Supply Chain Security Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 2.33 billion in 2023.
The market is projected to grow at a CAGR of 11.40% between 2024 and 2032.
The revenue generated from the supply chain security market is expected to reach USD 6.16 billion in 2032.
The major market drivers include increasing globalisation, rising incidences of cargo theft, and growing emphasis on risk management in supply chains.
The key trends fuelling the growth of the market include emergence of distributed technologies and rising cyberattacks on supply chains.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the component, which includes hardware, software, and service.
The key players are IBM Corporation, Emerson Electric Co., Oracle Corporation, NXP Semiconductors N.V., Orbcomm, Inc., Check Point Software Technologies Ltd, Omega Compliance, and SailPoint Technologies, Inc., among others.
Based on the security type, the supply chain security market is divided into data locality and protection, data visibility and governance and others.
Based on the organization size, the market is divided into SMEs and large enterprises.
Based on the industry vertical, the market is divided into healthcare and pharmaceuticals, FMCG, chemicals, retail, e-commerce, automotive, and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124