PUBLISHER: The Business Research Company | PRODUCT CODE: 1760426
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760426
Supply chain risk management involves identifying, evaluating, and mitigating risks within the supply chain to ensure the seamless and efficient movement of goods, services, and information from origin to end customer. The process aims to proactively manage potential disruptions that could affect product availability, cost, or quality.
The primary components of supply chain risk management are software and services. Software solutions play a critical role by helping businesses identify, assess, and manage risks within their supply chains through tools including data analytics and automation. These solutions can be deployed both on-premises and in the cloud, and are utilized by organizations of all sizes, including large enterprises and small to medium-sized businesses. These solutions are used across various industries, such as retail and consumer goods, healthcare and pharmaceuticals, manufacturing, food and beverages, transportation and logistics, automotive, and more.
The supply chain risk management market research report is one of a series of new reports from The Business Research Company that provides supply chain risk management market statistics, including supply chain risk management industry global market size, regional shares, competitors with a supply chain risk management market share, detailed supply chain risk management market segments, market trends and opportunities, and any further data you may need to thrive in the supply chain risk management industry. This supply chain risk management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The supply chain risk management market size has grown strongly in recent years. It will grow from $3.20 billion in 2024 to $3.47 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period can be attributed to the growing complexities of global supply chains, a rising demand for supply chain resilience and agility, the expansion of global trade networks, an increase in cross-border and international shipments, and the rise of smart logistics and automated warehouses.
The supply chain risk management market size is expected to see strong growth in the next few years. It will grow to $4.75 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth during the forecast period can be attributed to rising geopolitical tensions, the expansion of e-commerce and online retail, an increase in cyber threats and data breaches, a growing focus on sustainability, and a heightened reliance on third-party suppliers and vendors. Key trends expected in this period include advancements in AI and machine learning technologies, a demand for real-time risk monitoring, the adoption of blockchain for enhanced supply chain security, technological innovations in risk assessment tools, and a rising need for automated and intelligent risk management solutions.
The increasing cybersecurity threats are expected to drive the growth of the supply chain risk management market in the coming years. Cybersecurity threats refer to malicious actions aimed at compromising the confidentiality, integrity, and availability of digital systems and data. These threats are on the rise as digital technologies become more prevalent, expanding the attack surface and offering more opportunities for cybercriminals to exploit vulnerabilities. The growing awareness of cybersecurity threats encourages organizations to assess and secure their digital interactions with suppliers, thereby minimizing the risk of disruptions from cyberattacks on interconnected systems. For example, in July 2024, Check Point, an Israel-based software company, reported a 30% increase in weekly cyberattacks on corporate networks in Q2 2024 compared to the same period in 2023. Additionally, there was a 25% surge in attacks compared to Q1 2024, underlining the growing threat landscape. Therefore, the rise in cybersecurity threats is expected to accelerate the growth of the supply chain risk management market.
Leading companies in the supply chain risk management market are developing advanced solutions, such as AI-powered platforms, to swiftly adapt to evolving market conditions and customer demands. AI-powered platforms are digital systems that utilize artificial intelligence technologies to automate processes, analyze data, and provide intelligent insights or actions with minimal human intervention. For example, in May 2024, Marsh McLennan, a US-based professional services firm, launched Sentrisk, an innovative AI-driven platform designed to transform how businesses manage global supply chain risks. By combining advanced analytics with expert advisory services, the platform enables organizations to proactively identify and address vulnerabilities in their supply chains. Through AI, it offers features such as comprehensive mapping, risk assessment, and resilience-building capabilities, helping businesses enhance supply chain resilience and optimize their risk management strategies worldwide.
In October 2022, Sphera, a US-based software company, acquired Riskmethods for an undisclosed amount. This acquisition allows Sphera to bolster its environmental, social, and governance (ESG) solutions by incorporating Riskmethods' AI-driven supply chain risk management (SCRM) software. As a result, Sphera enhances its capabilities in providing advanced Scope 3 emissions monitoring and reporting, enabling companies to more effectively manage and mitigate supply chain risks. Riskmethods, based in Germany, specializes in AI-powered supply chain risk management software.
Major players in the supply chain risk management market are DHL International GmbH, Accenture plc, IBM Corporation, Oracle Corporation, SAP SE, Marsh LLC, L3Harris Technologies Inc., Moody's Corporation, Kroll Inc., Project44 Inc., Sphera Solutions Inc., MetricStream Inc., Global Healthcare Exchange LLC, Netwrix Corporation, Exiger Inc., Veriforce Inc., Resilinc Corporation, Interos Inc., Shippeo SAS, Altana AI Inc., Eclypsium Inc., Inverto GmbH, Everstream Analytics Inc., LogicManager Inc., and Quantifind Inc.
North America was the largest region in the supply chain risk management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in supply chain risk management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the supply chain risk management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The supply chain risk management market consists of revenues earned by entities by providing services such as supplier risk monitoring, cybersecurity risk management, and risk assessment and mapping. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Supply Chain Risk Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on supply chain risk management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for supply chain risk management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The supply chain risk management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.