The supply chain security market is estimated to be worth USD 2.52 Billion in 2024 and is projected to reach USD 5.14 Billion by 2030, at a CAGR of 12.6% during the forecast period. The major factors driving the market growth of the supply chain security market include the increasing need to protect operational continuity, data integrity and compliance with regulatory standards. Additionally, two key supply chain security strategies such as Blockchain-Driven Transparency and AI-Powered Risk Management provides all-around visibility and traceability to supply chains and decentralized, immutable records enabled by blockchain ensure that parties can verify authenticity of goods, reduce fraud, and comply with standards set within regulatory frameworks such as drugs and food supplies. Blockchain technology offers enhanced transparency and therefore major supply chain security vendors like IBM and Oracle have adopted blockchain technology to provide all-around visibility and traceability to supply chains. Similarly, AI Powered Risk Management is also quite popular among companies like Microsoft and SAP which uses AI powered risk management to predict anomalies and optimizes operations through artificial intelligence and machine learning.
Top Companies in Supply Chain Security Industry Include
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IBM (US): IBM delivers supply chain security solutions ensuring transparency and operational efficiency across industries. IBM's technologies integrate AI - ML, blockchain platforms, and IoT-enabled solutions for protecting the supply chain while optimizing the workflows. Real-time visibility and asset management and end-to-end security through tools such as IBM Sterling Supply Chain Suite and blockchain-based tracking systems will ensure protection against disruptions and cyber threats. IBM solutions provide data encryption, predictive analytics for risk mitigation, and advanced threat detection to comply with global standards. IBM increases business decision making through the tracking of goods, enhanced operation continuity, and the prevention of fraud. Cloud-enabled multi-platform resiliency provides IBM as an avenue that has helped most organizations realize their data sovereignty, optimization processes, and reducing vulnerabilities for complex supply chains. By continuous innovation, IBM allows enterprises with scalable intelligent future-ready security solutions to push efficiency and reliability for their supplies.
Emerson (US): Emerson offers strong supply chain security solutions designed to improve resilience, visibility, and operational efficiency in various industries. Emerson's technologies integrate advanced automation, AI-driven analytics, and IoT-enabled platforms to secure supply chains while optimizing processes. Tools such as Emerson's Plantweb digital ecosystem, asset management systems, and real-time monitoring solutions ensure seamless data protection, operational tracking, and predictive analytics for risk mitigation. Emerson's supply chain solutions are designed with robust security measures, which include data encryption during communication, advanced threat detection, and compliance management that is compliant with international standards like ISO and GDPR. Using digital twins and industrial IoT, Emerson offers visibility into operations, which helps stakeholders trace assets, prevent disruptions, and enhance decision-making. With hybrid and cloud-enabled capabilities, Emerson ensures resiliency in multi-cloud environments, supports businesses to attain data sovereignty, and enables uptime optimization and security for operations. Through constant innovation, Emerson empowers the enterprise with scalable, efficient, and future ready solutions for supply chain security.
Oracle (US): Oracle Corporation is a leading American multinational technology company headquartered in Austin, Texas. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, Oracle initially focused on database software and later expanded into enterprise applications and cloud computing. It is best known for its Oracle Database, a widely used relational database management system (RDBMS). Over the years, the company has grown into a global leader in enterprise software solutions, offering products in areas such as enterprise resource planning (ERP), human capital management (HCM), customer relationship management (CRM), and supply chain management (SCM). Oracle has made significant investments in cloud computing, artificial intelligence, and machine learning, competing with tech giants like Microsoft, Amazon, and Google. The company has also acquired several businesses, including Sun Microsystems, which helped it expand into hardware, and NetSuite, strengthening its cloud-based offerings. Oracle's revenue is primarily driven by its cloud services and software licensing, making it a major player in the enterprise technology sector.
NXP Semiconductors (Netherlands): NXP Semiconductors is a Dutch multinational semiconductor manufacturer headquartered in Eindhoven, Netherlands. Originally a division of Philips, NXP became an independent company in 2006 and has since grown into one of the leading semiconductor firms in the world. The company focuses on designing and manufacturing integrated circuits (ICs) and chips used in automotive, industrial, communication infrastructure, and Internet of Things (IoT) applications. NXP is a global leader in automotive semiconductors, providing chips used in advanced driver-assistance systems (ADAS), electric vehicle (EV) power management, and secure vehicle-to-everything (V2X) communication. The company also plays a crucial role in developing secure connectivity solutions for industries such as smart cities, mobile payments, and industrial automation. With a strong research and development presence, NXP continues to innovate in edge computing, security, and energy-efficient technologies. The company has manufacturing and R&D centers across Europe, North America, and Asia, serving customers worldwide.
Testo (Germany): Testo SE & Co. KGaA is a German multinational company specializing in precision measurement and testing equipment. Headquartered in Titisee-Neustadt, Germany, Testo was founded in 1957 and has grown into a global leader in measuring instruments for various industries, including HVAC (heating, ventilation, and air conditioning), food safety, pharmaceuticals, and environmental monitoring. The company’s product portfolio includes digital thermometers, hygrometers, pressure gauges, flue gas analyzers, thermal imaging cameras, and data loggers. Testo’s instruments are widely used in industrial quality control, emissions testing, climate monitoring, and energy efficiency optimization. The company has over 35 subsidiaries and serves customers in more than 120 countries, providing innovative and highly accurate measuring solutions. Testo is known for its commitment to research and development, investing significantly in technological advancements to improve accuracy, efficiency, and digital integration in measurement technology.
Related Reports:
Supply Chain Security Market by Hardware (IoT Sensors, RFID Tags & Readers, GPS Trackers), Software (Risk Management, Threat Intelligence, Blockchain-Based Solutions), Security Type (Data Locality & Protection, Fraud Prevention) - Global Forecast to 2030
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