Industry Background:
Supply chain security is defined as the supply chain management which is focused on minimizing risk for logistics, supply chain as well as transportation management system. The major threat related to supply chain security is manipulation, espionage, disruption, and others. Numerous benefit of investing in supply chain security such as personal security, transportation, and conveyance, faster clearance of goods, provision of more timely & accurate data, reduced theft & pilferage, physical security, easier identification of fraud & counterfeiting, among others.
According to AMA Research, the market for Supply Chain Security is expected to register a CAGR of 9.26% during the forecast period to 2030. This growth is primarily driven by Increasing usage of volumes of business data being generated across various industries such as Healthcare & Pharmaceuticals, Retail, among others
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sensitech, Inc. (United States), Orbcomm (United States), Hanwell Solutions (United Kingdom), Controlant (Iceland), Omega Compliance (Hong Kong)., LogTag Recorders (New Zealand), Rotronic Ag (Switzerland), Elpro-Buchs AG (Switzerland), Nietzsche Enterprise (China) and IBM (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2024, Eclypsium Inc. today announced a new collaboration with Intel Corp. to provide enhanced visibility into supply chains with the Eclypsium Supply Chain Security Platform. The partnership aims to help businesses in improve mean time to detection and bolster security posture while lowering hardware costs by extending the life cycle of devices.
In November 2023, Eclypsium launched guide to supply chain security for enterprise infrastructure. The Eclypsium Guide is the industry's first solution to quantify the supply chain risk of IT infrastructure products. It covers a wide range of hardware, firmware, and software components, including laptops, desktops, servers, network equipment, and IoT devicesThe market appears to be highly fragmented and with the presence of several companies including Sensitech,Inc. (United States), Orbcomm (United States), Emerson Electric Co. (United States), among others
Influencing Trend:
One of the Latest Trend of this Market is Increasing Usage of Big Data in order to ease the Supply Chain Analytics as well as the Emergence of a Closed-Loop Supply Chain
Market Growth Drivers:
Increasing usage of volumes of business data being generated across various industries such as Healthcare & Pharmaceuticals, Retail, among others and Increasing Awareness about Advantages Offered by Supply Chain Security across the World
Challenges:
The matter related to Lack of Skilled Workforce to Manage the Supply Chain Security Services and The problem regarding Low Adoption of Supply Chain Security Due to lack of Awareness in Some Enterprise
Restraints:
A major concern related to concerns over data security Problem in Enterprise and Issue related to Consumers are Increasingly Price Sensitive and Less Brand-Loyal
Opportunities:
Rising Demand from Emerging Economics market such as China, India, Brazil, among others and Rising Adoption of Supply Chain Security among Small and Medium Enterprises
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Supply Chain Security Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Supply Chain Security Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Supply Chain Security players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Supply Chain Security Study Sheds Light on
The Supply Chain Security Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Supply Chain Security industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Supply Chain Security industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.