Rising Cargo Theft Incidences Drive Growth In Supply Chain Security Market: A Key Driver Powering Supply Chain Security Market Growth In 2025

The Supply Chain Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Supply Chain Security Market Size and Its Estimated Growth Rate?
In recent years, the market size for supply chain security has seen significant expansion. The market is projected to increase from $1.95 billion in 2024 to $2.16 billion in 2025, maintaining a compound annual growth rate (CAGR) of 11.3%. The escalation in the earlier period is largely due to heightened cybersecurity risks, strict regulatory obligations, disruptions in the supply chain, concerns surrounding data protection, and the amplified complexity and susceptibilities present in global supply chains.

The market size for supply chain security is predicted to witness a skyrocketing rise in the coming years, reaching the value of $3.27 billion by 2029, at a compound annual growth rate (CAGR) of 10.9%. The expected growth during the forecast period can be traced back to factors such as counterfeit prevention, the focus on sustainability and ethical sourcing, robust plans for resilience, the prevalent trend of shifting towards cloud services, and the fast-paced expansion of E-commerce. The forecast period will also see significant trends like the heightened utilization of blockchain for ensuring a secure and transparent supply chain management system, an increase in the employment of IoT devices and sensors, the incorporation of artificial intelligence and machine learning, and the implementation of collective security measures.

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How Are Emerging Segments Shaping the Supply Chain Security Market Landscape?
The supply chain security market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Security Type: Data Protection, Data Visibility And Governance, Other Security Types
3) By Enterprise Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By Vertical: Healthcare And Pharmaceuticals, Retail And E-commerce, Automotive, Transportation And Logistics, Manufacturing, Other Verticals

Subsegments:
1) By Hardware: Security Cameras, RFID And Barcode Scanners, Access Control Systems, GPS Tracking Devices, Alarm Systems
2) By Software: Security Management Software, Risk And Compliance Management Software, Tracking And Monitoring Software, Data Encryption Software, Threat Detection And Response Software
3) By Services: Consulting Services, Integration Services, Managed Security Services, Training And Support Services, Incident Response Services

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Which Growth Factors Are Influencing Supply Chain Security Market Expansion?
Increased occurrences of cargo theft are set to fuel the future expansion of the supply chain security sector. Cargo theft refers to the illegal acquisition of goods or commodities from a commercial vehicle, warehouse, or transport facility either in transit or during storage. Security in the supply chain helps avert these thefts by pinpointing weak spots, introducing preventive strategies, responding rapidly to imminent threats, protecting goods, and ensuring the overall integrity of the supply chain. For instance, in November 2023, as per the records of the National Insurance Crime Bureau, a not-for-profit organization based in the US, there were a 57% swell in cargo theft incidents compared to the same span in 2022, with 582 reported episodes across the US and Canada during 2023's second quarter. Consequently, the escalating instances of cargo theft are catalyzing the expansion of the supply chain security market.

Who Are the Dominant Players Across Different Supply Chain Security Market Segments?
Major companies operating in the supply chain security market report are International Business Machines Corporation (IBM); Cisco Systems Inc.; Oracle Corporation; Broadcom Inc.; Google Cloud; NXP Semiconductors N.V.; VMware LLC; Palo Alto Networks Inc.; Fortinet Inc.; F5 Networks Inc.; Check Point Software Technologies Ltd.; CrowdStrike Holdings Inc.; McAfee LLC; Elastic N.V.; Proofpoint Inc.; Zscaler Inc.; SonicWall Inc.; SailPoint Technologies Inc.; Bitdefender S.R.L.; FireEye Inc.; RSA Security LLC; Imperva Inc.; Orbcomm Inc.; Sensitech Inc.; SafeTraces Inc.

What Supply Chain Security Market Trends Are Gaining Traction Across Different Segments?
Prominent businesses in the supply chain security market, such as Spectra Assure, are focusing on the creation of novel products to maintain a competitive advantage. Spectra Assure is a security solution for the supply chain that provides unique protection from software supply chain attacks for software producers, along with critical risk analysis for enterprise software purchasers. For instance, in February 2024, the American computer and network security firm, ReversingLabs, released Spectra Assure. Spectra Assure uses advanced binary analysis and AI-powered algorithms to thoroughly dissect and evaluate binary code, delivering an in-depth understanding of software behavior and security threats on a machine level. This thorough approach can accurately identify malware and tampering in software packages that include components from the first, second, and third parties, offering unparalleled protection from software supply chain attacks for both producers and purchasers.

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Which Geographic Regions Are Expected to Dominate the Supply Chain Security Market in the Coming Years?
North America was the largest region in the supply chain security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the supply chain security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Supply Chain Security Market?
2. What is the CAGR expected in the Supply Chain Security Market?
3. What Are the Key Innovations Transforming the Supply Chain Security Industry?
4. Which Region Is Leading the Supply Chain Security Market?

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