Supply Chain Security Market

Supply Chain Security Market Size, Share, Growth Drivers & Key Players

According to MarketsandMarkets, the global supply chain security market will increase from USD 2.0 billion in 2022 to USD 3.5 billion by 2027, with a compound yearly growth rate (CAGR) of 11.0%. The increased demand for real-time insight into supply chain assets, as well as the increasing frequency of cyberattacks across supply chains, are projected to drive market expansion.

The Supply Chain Security market is experiencing growth due to a confluence of factors:

  • Rising cyber threats
  • Increased focus on risk management
  • Demand for transparency and compliance
  • Integration of new technologies
  • Growing concerns about counterfeiting and intellectual property theft
  • Globalization of supply chains

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Rising cyber threats:  The number of cyberattacks targeting vulnerabilities in supply chains is on the rise. This compels businesses to invest in security solutions to safeguard their operations and data.

Increased focus on risk management: Companies are placing greater emphasis on identifying and mitigating risks throughout their supply chains. Supply chain security solutions can help them achieve this goal.

Demand for transparency and compliance: Regulations and consumer demands are driving the need for greater transparency in supply chains. Security solutions can help businesses track goods and ensure compliance with relevant regulations.

Integration of new technologies: The adoption of technologies like Internet of Things (IoT), artificial intelligence (AI), and blockchain is creating new opportunities for supply chain security. These technologies can provide real-time visibility and improve data security.

Growing concerns about counterfeiting and intellectual property theft:  Businesses are increasingly worried about counterfeit products and intellectual property theft. Supply chain security solutions can help them combat these issues.

Globalization of supply chains: As supply chains become more complex and geographically dispersed, the need for robust security solutions becomes even more critical.

Supply Chain Security Market Share - Global Industry Landscape

Some of the leading companies in the Communication Platform as a Service industry include:

  • LogTag Recorders (New Zealand)
  • Dickson (US)
  • Signatrol (UK)
  • Hanwell Solutions (UK)
  • Controlant (Iceland)
  • Roambee (US)

LogTag Recorders (New Zealand)

Market Share: LogTag Recorders holds a significant share in the temperature monitoring solutions market, particularly in logistics and pharmaceuticals.

Key Offerings: They specialize in data loggers for temperature and humidity monitoring, offering products like the LogTag Analyzer software, and various USB, Wi-Fi, and Bluetooth-enabled devices .

Dickson (US)

Market Share: Dickson is a well-established player in the environmental monitoring market.

Key Offerings: They provide data loggers, chart recorders, and continuous monitoring systems primarily for temperature, humidity, and pressure. Their products are widely used in healthcare, food, and pharmaceutical industries .

Signatrol (UK)

Market Share: Signatrol has a niche market presence in data logging solutions across the UK and Europe.

Key Offerings: They offer a range of data loggers for temperature, humidity, and pressure, including wireless options and cloud-based monitoring systems .

Hanwell Solutions (UK)

Market Share: Hanwell Solutions is a leading provider in the UK for environmental monitoring and control solutions.

Key Offerings: Their portfolio includes wireless environmental monitoring systems, data loggers, and software solutions tailored for industries such as healthcare, heritage, and food safety .

Controlant (Iceland)

Market Share: Controlant is rapidly growing in the global supply chain monitoring market, particularly in the pharmaceutical and cold chain sectors.

Key Offerings: They provide real-time temperature monitoring and control solutions with a focus on IoT-enabled data loggers and a comprehensive cloud platform for supply chain visibility and analytics .

Roambee (US)

Market Share: Roambee has a notable presence in the supply chain visibility market, particularly for real-time monitoring solutions.

Key Offerings: Roambee offers IoT-based real-time tracking and monitoring solutions for shipments and assets. Their platform includes features like location tracking, condition monitoring, and predictive analytics, serving various industries such as pharmaceuticals, food, and electronics

Related Reports:

Supply Chain Security Market by Component (Hardware, Software, Services), Security Type (Data Locality & Protection, Data Visibility & Governance), Organization Size, Application (Healthcare & Pharmaceuticals, FMCG) and Region - Global Forecast to 2027

Supply Chain Security Market Size,  Share & Growth Report
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