PUBLISHER: The Business Research Company | PRODUCT CODE: 1849098
PUBLISHER: The Business Research Company | PRODUCT CODE: 1849098
Supply chain security encompasses safeguarding supply chain assets, processes, and infrastructure from potential risks and threats that could compromise their integrity or reliability. This involves implementing protective measures to ensure the smooth flow of goods, information, and resources across the supply chain, from raw material procurement to final product delivery.
The key elements of supply chain security are categorized into hardware, software, and services. Hardware refers to the physical components of computer systems or electronic devices. Various security measures, such as data protection, visibility, and governance, are essential across enterprises of all sizes, including large corporations and small to medium-sized businesses. This applies to diverse industry verticals, including healthcare, pharmaceuticals, retail, e-commerce, automotive, transportation, logistics, manufacturing, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The supply chain security market research report is one of a series of new reports from The Business Research Company that provides supply chain security market statistics, including supply chain security industry global market size, regional shares, competitors with a supply chain security market share, detailed supply chain security market segments, market trends and opportunities, and any further data you may need to thrive in the supply chain security industry. This supply chain security 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 security market size has grown rapidly in recent years. It will grow from $1.95 billion in 2024 to $2.16 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to increased cybersecurity threats, stringent regulatory requirements, supply chain disruptions, data protection concerns, increased complexity and vulnerabilities in global supply chains.
The supply chain security market size is expected to see rapid growth in the next few years. It will grow to $3.17 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to counterfeit prevention, sustainability and ethical sourcing, and resilience planning, increasing adoption of cloud services, rapid growth of E-commerce. Major trends in the forecast period include increasing adoption of blockchain for secure and transparent supply chain management, growing use of IoT devices and sensors, adoption of artificial intelligence and machine learning and collaborative security approaches.
The forecast of 10.1% growth over the next five years reflects a modest reduction of 0.8% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Supply chain security tools could be impaired by tariffs if security sensors, RFID chips, or tracking hardware used in secure transport monitoring are delayed or made costlier due to import dependencies. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The growth of the supply chain security market is anticipated to be driven by the increasing incidences of cargo theft. Cargo theft involves the illegal seizure of products or commodities from commercial trucks, warehouses, or transportation facilities during transit or storage. Supply chain security plays a critical role in preventing cargo theft by identifying vulnerabilities, implementing preventive measures, responding promptly to potential threats, protecting goods, and ensuring supply chain integrity. For instance, in November 2023, the National Insurance Crime Bureau reported 582 recorded cargo theft incidents across the United States and Canada in the second quarter of 2023, marking a 57% increase compared to the same period in 2022. This surge in cargo theft incidents is a key factor propelling the growth of the supply chain security market.
Leading companies in the supply chain security market are focusing on developing innovative solutions like Spectra Assure to gain a competitive advantage. Spectra Assure is a supply chain security solution designed to offer robust protection against software supply chain attacks for software producers and critical risk analysis for enterprise software buyers. For example, in February 2024, ReversingLabs launched Spectra Assure, leveraging advanced binary analysis and AI-driven algorithms to comprehensively dissect and evaluate binary code. This approach provides a deep understanding of software behavior and security threats at the machine level, enabling accurate detection of malware and tampering within software packages from various sources. Spectra Assure offers unparalleled defense against software supply chain attacks, benefiting both producers and buyers.
In February 2023, Zscaler Inc. acquired Canonic Security for $20.3 million to strengthen its data protection services and mitigate SaaS supply chain attack risks. This strategic acquisition integrates Canonic's supply chain security capabilities into Zscaler's cloud access security broker (CASB) and SaaS security posture management (SSPM) offerings. Canonic Security, based in Israel, specializes in application security platforms focused on supply chain security, enhancing Zscaler's ability to address emerging security challenges in the supply chain domain.
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.
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.
The countries covered in the supply chain security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The supply chain security market consists of revenues earned by entities providing services such as risk assessments, security audits, cargo tracking, and physical security solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The supply chain security market also includes sales of physical security devices such as CCTV cameras and alarms, radio-frequency identification (RFID) and Internet of Things (IoT) devices, biometric devices, such as fingerprint scanners or facial recognition systems, encryption devices and secure hardware modules, such as trusted platform modules (TPMs). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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 Security 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 security 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 security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The supply chain security 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.