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Cybersecurity in Logistics Market Trends

Report ID: GMI10566
Published Date: Aug 2024
Report Format: PDF

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Cybersecurity in Logistics Market Trends

The latest trend in cybersecurity in logistics industry is the growing emphasis on integrating AI and IoT technologies to bolster digital defenses. As supply chains become increasingly interconnected, traditional cybersecurity measures are proving inadequate against sophisticated threats. AI-driven solutions offer advanced threat detection and automated response capabilities, while IoT integration provides real-time monitoring and control across logistics networks. This convergence is crucial for enhancing resilience, improving threat visibility, and ensuring robust protection against cyber-attacks.

For instance, In July 2024, a report published by Transport & Logistics Middle East (TLME) highlighted a significant global IT outage caused by a flawed CrowdStrike update. This incident impacted millions of Windows devices, severely disrupting the logistics sector, including major airlines and shipping companies in the Middle East. The report underscored the urgent need for AI and IoT integration to enhance digital resilience and mitigate future disruptions.

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of cybersecurity in logistics reached USD 7.25 billion in 2023 and is expected to register over 10% CAGR from 2024-2032, owing to the rapid digital transformation within the industry worldwide.

Cybersecurity in logistics industry from the supply chain management segment is expected to reach over USD 5 billion by 2032, due to its high complexity, increasing its vulnerability to cyber threats, making robust cybersecurity solutions essential for SCM.

North America market held over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of leading cybersecurity firms and technology giants in the region.

Check Point Software Technologies Ltd., Cisco Systems, Inc., CrowdStrike Holdings, Inc., Darktrace Ltd., Fortinet, Inc., IBM Corporation, and Palo Alto Networks, Inc., are some of the major cybersecurity in logistics companies worldwide.