Europe Supply Chain Security Market Size & Outlook
The supply chain security market in Europe is expected to reach a projected revenue of US$ 1,207.2 million by 2030. A compound annual growth rate of 10.8% is expected of Europe supply chain security market from 2024 to 2030.
The Europe supply chain security market generated a revenue of USD 588.9 million in 2023.
The market is expected to grow at a CAGR of 10.8% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
Market revenue in 2023
USD 588.9 million
Market revenue in 2030
USD 1,207.2 million
Growth rate
10.8% (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, Europe region accounted for 25.1% 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.
The regional market is driven by the growing data center deployments, increasing development of IT infrastructure, growing internet penetration, and proliferation of connected devices and numerous endpoints.
Cybersecurity vendors integrate machine learning and artificial intelligence technologies into the security solutions to strengthen and automate their core competencies, such as endpoint security, content and application management, and remote access & control.
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 53.97% in 2023.
Horizon Databook has segmented the Europe supply chain security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The regional market is driven by the growing data center deployments, increasing development of IT infrastructure, growing internet penetration, and proliferation of connected devices and numerous endpoints.
Cybersecurity vendors integrate machine learning and artificial intelligence technologies into the security solutions to strengthen and automate their core competencies, such as endpoint security, content and application management, and remote access & control.
Europe Supply Chain Security Market Component Outlook (Revenue, USD Million , 2018-2030)
Hardware
Software
Services
Europe Supply Chain Security Market By Security Type Outlook (Revenue, USD Million , 2018-2030)
Data Locality & Protection
Data Visibility & Governance
Others
Europe Supply Chain Security Market By Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
Small and medium-sized enterprises
Large enterprises
Europe 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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Target buyers of Supply Chain Security Market Outlook databook
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Supply Chain Security Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Supply Chain Security Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Supply Chain Security Market, 2018-2030 (US$M)