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Supply Chain Security Market Share

Report ID: GMI5498
Published Date: Sep 2024
Report Format: PDF

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Supply Chain Security Market Share

Oracle, IBM, and Sensitech hold a significant market share of 37%. Oracle and IBM both offer robust supply chain security solutions, but their focus areas differ. Oracle emphasizes cloud-based platforms with integrated AI and blockchain for visibility and data governance. IBM, known for its cybersecurity expertise, leverages advanced analytics and AI-driven threat detection. Both compete in the enterprise space, offering comprehensive solutions for large organizations.

Sensitech specializes in real-time monitoring and cold chain visibility, providing solutions that ensure the integrity of perishable goods. IBM, with a broader range of supply chain security offerings, focuses on risk management, data protection, and analytics. While Sensitech excels in niche markets like pharmaceuticals and food, IBM targets multiple industries with its AI-powered security solutions.

Supply Chain Security Market Companies

Major players operating in the supply chain security industry are:

IBM Corporation
ORBCOMM
Oracle Corporation
Tive
Roambee
Sensitech
LogTag Recorders

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of supply chain security reached USD 2.1 billion in 2023 and will grow at a 10% CAGR between 2024 and 2032, fueled by increasing global trade and the need to protect complex supply networks from cyber threats and physical risks.

The large enterprises segment captured 72% share in 2023, driven by their extensive and intricate supply chains, which require advanced security measures to protect against various threats.

North America market achieved 38% share in 2023, attributed to its extensive and complex supply networks, high levels of digitalization, and significant investments in security technologies.

Major players operating in the industry are IBM Corporation, ORBCOMM, Oracle Corporation, Tive, Roambee, Sensitech, and LogTag Recorders, among others.