Supply Chain Security Market Size, Share, and Forecast from 2024 to 2030

The Supply Chain Security Market size was valued at USD 1022.18 Mn. in 2023 and the total revenue is expected to grow by 6.4% from 2024 to 2030, reaching nearly 1578.05 Mn.

Supply Chain Security Market Overview:

The  Supply Chain Security Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the  Supply Chain Security Market, as well as the causes for variances in the industry’s growth in various places.

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Supply Chain Security Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Supply Chain Security Market Drivers:

Supply chain security solutions have been adopted more quickly as a result of the growth of supply networks dependent on the internet. Malware and ransomware attacks have been a widespread occurrence, particularly during the COVID-19 pandemic. An infamous example is a cyber attack using Apple ransomware. Similar incidents have multiplied significantly. As a result, these considerations are helping to promote the widespread installation of supply chain security solutions.

Ransomware and supply chain attacks have significantly increased over the past year. Attacks in the supply chain target a company’s partner or supplier in an effort to access its systems. Considering that it is quite simple to use and has the potential to be very profitable, ransomware is growing in popularity. Additionally, a lot of businesses are poorly equipped to handle ransomware assaults, which increases their vulnerability. One of the most severe ransomware outbreaks in history, WannaCry in May 2017 affected more than 300,000 machines across 150 countries. Hospitals, public transit systems, and a number of other businesses were impacted by the ransomware. Attackers can use a supplier’s infrastructure in a number of different ways to penetrate a network of an organization.

Supply Chain Security Market Segmentation:

by Component

Software
Hardware
Services

by Application

Data Protection
Data Visibility
Others

by Vertical

FMCG
Retail and ecommerce
Healthcare
Manufacturing
Automotive
Transportation and Logistics
Other verticals

by Enterprise Size

Large Enterprises
Small and Medium-sized Enterprises

by Security Type

Data Locality
Data Governance
Other Security Type

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Supply Chain Security Market Key Players: The key players are

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the  Supply Chain Security Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the  Supply Chain Security Market Report are:

• Which sub-segment had the largest share in the  Supply Chain Security Market?
• How is the competitive landscape of the  Supply Chain Security Market in 2023?
• Which are the key drivers impacting the  Supply Chain Security Market growth?
• Which region holds the maximum share in the  Supply Chain Security Market?
• What will be the CAGR of the  Supply Chain Security Market during the forecast period (2023-2029)?

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