Supply Chain Security Market Sluggish Growth Rate Foreseen by 2023-2029

The global supply chain security market is anticipated to grow at a CAGR of 5.9% during the forecast period. Supply chain security focuses on the risk management of external suppliers, vendors, logistics, and transportation. The goal of supply chain security is to identify, analyze and mit

The global supply chain security market is anticipated to grow at a CAGR of 5.9% during the forecast period. Supply chain security focuses on the risk management of external suppliers, vendors, logistics, and transportation. The goal of supply chain security is to identify, analyze and mitigate the risks. Supply chain security involves both physical securities relating to products and cybersecurity for software and services. Due to the continuous upgradation in technologies, key players are increasing product excellence and introducing new products services to offer enhanced supply chain transparency. For instances, 

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In May 2022, Google Cloud launched a few new security features. The announcements focus on software supply chain security, Zero Trust, and tools for making it easier for enterprises to adopt Google Cloud’s security capabilities. In April 2022, Exiger launched a new supply chain risk monitoring service, designed to incorporate a wide and customizable array of data sources into its calculations. The service provided by a company offers the company’s supplier to track the network through online digital footprints, shipping data, and contact information to provide a close to real-time picture of potential disruptions in the user’s supply chain. In February 2022, Sensitech launched the TempTale Ultra BLE, the newest wireless addition to its line of digital temperature monitoring solutions. Sensitech is part of Carrier Global Corporation offering healthy, safe, sustainable, and intelligent building and cold chain solutions. In August 2021, Trustwave launched a first-of-its-kind cyber supply chain risk assessment solution for enterprises and SMBs in the Pacific region which gives organizations access to deep, fully scalable cybersecurity vendor assessments. In July 2021, IBM boosted software supply chain security with signature-based Kubernetes verification. The team extended the Linux Foundation’s open source project sigstore with a tool enabling developers to sign, verify, and enforce cloud infrastructure configuration.

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Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2023-2029

Segment Covered- 

  • By Component
  • By Application
  • By End-Users 

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Competitive Landscape- including Berlinger Co. AG, Dickson, Inc., International Business Machines Corp., Rotronic AG, Sensitech Inc., TagBox Solutions Pvt. Ltd., and others.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Supply Chain Security Market Report Segment

By Component

  • Hardware
  • Software
  • Services

By Application

  • Data Protection
  • Data Visibility Governance 
  • Others 

By End-Users

  • FMCG
  • Healthcare
  • Manufacturing
  • Transportation Logistics
  • Retail E-commerce
  • Others

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