Supply Chain Security Market is expected to grow by 6.4% from 2023 to 2029, reaching nearly 1483.27 Mn

Supply Chain Security Market size was valued at USD 960.7 Mn. in 2022 and the total revenue is expected to grow by 6.4% from 2023 to 2029, reaching nearly 1483.27 Mn.

Supply Chain Security Market Scope and Research Methodology

This Supply Chain Security Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.

The top-down and bottom-up approaches are used to validate and estimate market size by segment. Supply Chain Security Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.

Supply Chain Security Market Drivers :

The implementation of automation on a large scale is expected to significantly affect the development of the supply chain security industry. Every industry is expected to continue to be impacted by automation, and supply chain management is no exception. Many supply chain participants are installing these solutions as a result of an increase in the automation aspects. These elements will contribute to the supply chain security market growing more quickly.

Increasing Ransomware Attacks and Cyber threats to drive the Demand Supply Chain Security Market Growth

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.

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Supply Chain Security Market Segmentation Analysis:

Based on Formulation, the Tablets Supplements segment held the largest market share of  the Market in 2023. According to the MMR analysis,  It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

by Component

1. Software
2. Hardware
3. Services

by Application

1. Data Protection
2. Data Visibility
3. Others

by Vertical

1. FMCG
2. Retail and ecommerce
3. Healthcare
4. Manufacturing
5.Automotive
6. Transportation and Logistics
7. Other verticals

by Enterprise Size

1. Large Enterprises
2. Small and Medium-sized Enterprises

by Security Type

1. Data Locality
2. Data Governance
3. Other Security Type

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Key players include Supply Chain Security Industry :

1. Sensitech
2. ORBCOMM
3. ELPRO
4. Rotronic
5. Emerson
6. NXP Semiconductors
7. Testo
8. Qingdao Haier Biomedical
9. Monnit Corporation
10. Berlinger & Co. AG
11. Signatrol
12. IBM
13. Cold Chain Technologies
14. LogTag Recorders
15. Omega Compliance
16. Dickson
17. Hangzhou Zeda Instruments
18. Oceasoft
19. Hanwell Solutions
20. Controlant
21. Tagbox Solutions
22. FreshSurety
23. Astrona Biotechnologies
24. Safetraces
25. Tive

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

• Which segment asserted the greatest market share in 2024 for Supply Chain Security ?
  • How does the competitive landscape unfold within the Supply Chain Security market?
  • What pivotal factors steer the growth trajectory of the Supply Chain Security market?
  • In the realm of the Supply Chain Security market, which region commands the most significant market share?
  • What is the anticipated Compound Annual Growth Rate (CAGR) for the Supply Chain Security market during the forecast period (2024-2030)?

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