Asia Pacific Supply Chain Security Market Size & Outlook
The supply chain security market in Asia Pacific is expected to reach a projected revenue of US$ 1,204.9 million by 2030. A compound annual growth rate of 13.1% is expected of Asia Pacific supply chain security market from 2024 to 2030.
Asia Pacific supply chain security market highlights
The Asia Pacific supply chain security market generated a revenue of USD 508.4 million in 2023.
The market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
In terms of segment, hardware was the largest revenue generating component in 2023.
Services is the most lucrative component segment registering the fastest growth during the forecast period.
Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
Market revenue in 2023
USD 508.4 million
Market revenue in 2030
USD 1,204.9 million
Growth rate
13.1% (CAGR from 2023 to 2030)
Largest segment
Hardware
Fastest growing segment
Services
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Hardware, Software, Services
Key market players worldwide
Emerson Electric Co, International Business Machines Corp, NXP Semiconductors NV, Oracle Corp, ORBCOMM, Carrier Global Corp Ordinary Shares, Altana AI, Dickson, ELPRO Global, Hanwell Solutions, Monnit, Rotronic, SafeTraces, TagBox, Testo
Other key industry trends
In terms of revenue, Asia Pacific region accounted for 21.6% of the global supply chain security market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 1,204.9 million by 2030.
Asia Pacific is witnessing an increase in cyberattacks, which can be attributed to rapid digitalization and inadequate cybersecurity training, regulations, and awareness of data security. The increased deployment of cognitive technologies such as artificial intelligence, natural language processing, neural networks, and machine learning has transformed the transportation and logistics industry in the region.
Enterprises are focusing on incorporating platforms that provide real-time data regarding demand and supply for enhancing the efficiency of supply chain management processes. Additionally, the increasing deployment of 5G networks, which allows companies to access data in real-time through ultra-low latency, multi-GBPS peak rates, and massive data capacity, is also supporting the adoption of supply chain security solutions.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Supply Chain Security Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 53.13% in 2023.
Horizon Databook has segmented the Asia Pacific supply chain security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is witnessing an increase in cyberattacks, which can be attributed to rapid digitalization and inadequate cybersecurity training, regulations, and awareness of data security. The increased deployment of cognitive technologies such as artificial intelligence, natural language processing, neural networks, and machine learning has transformed the transportation and logistics industry in the region.
Enterprises are focusing on incorporating platforms that provide real-time data regarding demand and supply for enhancing the efficiency of supply chain management processes. Additionally, the increasing deployment of 5G networks, which allows companies to access data in real-time through ultra-low latency, multi-GBPS peak rates, and massive data capacity, is also supporting the adoption of supply chain security solutions.
Asia Pacific Supply Chain Security Market Component Outlook (Revenue, USD Million , 2018-2030)
Hardware
Software
Services
Asia Pacific Supply Chain Security Market By Security Type Outlook (Revenue, USD Million , 2018-2030)
Data Locality & Protection
Data Visibility & Governance
Others
Asia Pacific Supply Chain Security Market By Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
Small and medium-sized enterprises
Large enterprises
Asia Pacific Supply Chain Security Market By Vertical Outlook (Revenue, USD Million , 2018-2030)
Healthcare & Pharmaceuticals
Retail & E-commerce
Automotive
Transportation and Logistics
Manufacturing
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Supply Chain Security Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Supply Chain Security Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Supply Chain Security Market, 2018-2030 (US$M)