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Supply Chain Security Market Size By Component (Software, Hardware, Services), By Security (Data Protection, Data Visibility & Governance), By Organization Size, End-use & Global Forecast 2023 - 2032

  • Report ID: GMI5498
  • Published Date: Mar 2023
  • Report Format: PDF

Supply Chain Security Market Size

Supply Chain Security Market size exceeded USD 1 billion in 2022 and is set to register more than 5% CAGR between 2023 to 2032, as a result of the growing reliance on third-party logistics solutions providers.

Supply Chain Security Market

Supply chains have witnessed seismic shifts in recent years, with the COVID-19 pandemic contributing to the optimization of third-party logistics digitization. As supply chain companies turn to advanced technologies to streamline the movement of goods, 3PL is revolutionizing the next phase of progress. The integration of third-party solutions, however, is associated with supply chain security risks, as it involves sharing sensitive data across different platforms. The increased reliance of businesses on third-party solutions will therefore augment the requirement for robust supply chain security measures.

Inaccuracies, delays, and other inefficiencies may lead to financial losses and reputational damage for supply chain organizations. To address these challenges, they are increasingly relying on supply chain security frameworks to improve traceability, visibility, and risk management. Furthermore, the advancement in AI, IoT, and blockchain technologies will lead to supply chain optimization and in turn, create lucrative opportunities for supply chain security software developers. However, the lack of skilled professionals to meet the growing security demand may hinder the industry growth.

Supply Chain Security Market Analysis

Supply Chain Security Market Share, By Security

Supply chain security market value from the data protection security segment is expected to reach USD 2 billion by 2032, on account of the growing emphasis on enhancing business efficiency and maximizing profit. Supply chain cybersecurity risk reports have also revealed that many organizations are experiencing the negative impacts of data breaches in their supply chains in recent years. These challenges will accelerate the usage of supply chain security hardware to deliver an additional security layer to safeguard against attacks that can compromise data integrity and confidentiality.


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of supply chain security surpassed USD 1 billion in 2022 and is projected to witness over 5% CAGR between 2023 and 2032, as a result of the growing reliance on third-party logistics solutions providers.

The data protection security segment will cross USD 2 billion by 2032, owing to the high emphasis on maximizing business profit and the increase in supply chain breaches.

The market share for supply chain security in North America will grow at 8% CAGR up to 2032, driven by executive orders directing all-of-government approaches to assess vulnerabilities and ensure critical supply chain resilience.

Key players in the market include Tive, Testo, Sensitech, Roambee, Process Sensing Technologies, Oracle Corporation, Omega Compliance, IBM Corporation, Emerson Electric Co., Cold Chain Technologies, and Altana AI.

Supply Chain Security Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 383
  • Countries covered: 19
  • Pages: 230
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