Brazil Supply Chain Security Market Size & Outlook
The supply chain security market in Brazil is expected to reach a projected revenue of US$ 157.6 million by 2030. A compound annual growth rate of 9.7% is expected of Brazil supply chain security market from 2024 to 2030.
The Brazil supply chain security market generated a revenue of USD 82.4 million in 2023 and is expected to reach USD 157.6 million by 2030.
The Brazil market is expected to grow at a CAGR of 9.7% 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.
Supply chain security market data book summary
Market revenue in 2023
USD 82.4 million
Market revenue in 2030
USD 157.6 million
Growth rate
9.7% (CAGR from 2023 to 2030)
Largest segment
Hardware
Fastest growing segment
Services
Historical data
2018 - 2022
Base year
2023
Forecast period
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, Brazil accounted for 3.5% of the global supply chain security market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil supply chain security market is projected to lead the regional market in terms of revenue in 2030.
Argentina is the fastest growing regional market in Latin America and is projected to reach USD 121.3 million by 2030.
Enterprises are expanding their business beyond desktops and on-site data centers to include cloud networks and remote and mobile workers. This has provided hackers and cybercriminals with potential opportunities to steal vital information.
Therefore, there is a rising need to extend security at both network and software levels. In February 2023, Accenture, a professional services company, announced the acquisition of Morphus, a Brazilian-based threat intelligence and cyber defense provider, to expand its capabilities in Brazil and Latin America.
The acquisition also expanded Accenture’s position in primary industry groups, such as retail, aviation, financial services, and energy. In addition to this, the acquisition provides Accenture Morphus Labs, a research institution in Fortaleza for cybersecurity studies, vulnerability, and threat analysis.
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 53.76% in 2023.
Horizon Databook has segmented the Brazil supply chain security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Enterprises are expanding their business beyond desktops and on-site data centers to include cloud networks and remote and mobile workers. This has provided hackers and cybercriminals with potential opportunities to steal vital information.
Therefore, there is a rising need to extend security at both network and software levels. In February 2023, Accenture, a professional services company, announced the acquisition of Morphus, a Brazilian-based threat intelligence and cyber defense provider, to expand its capabilities in Brazil and Latin America.
The acquisition also expanded Accenture’s position in primary industry groups, such as retail, aviation, financial services, and energy. In addition to this, the acquisition provides Accenture Morphus Labs, a research institution in Fortaleza for cybersecurity studies, vulnerability, and threat analysis.
Brazil Supply Chain Security Market Component Outlook (Revenue, USD Million , 2018-2030)
Hardware
Software
Services
Brazil Supply Chain Security Market By Security Type Outlook (Revenue, USD Million , 2018-2030)
Data Locality & Protection
Data Visibility & Governance
Others
Brazil Supply Chain Security Market By Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
Small and medium-sized enterprises
Large enterprises
Brazil 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 country-level data and insights on the Brazil Supply Chain Security Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Supply Chain Security Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Supply Chain Security Market, 2018-2030 (US$M)