Asia Pacific Supply Chain Security Market Size & Outlook
Asia Pacific supply chain security market, 2018-2030 (US$M)
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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.
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Supply Chain Security Market Scope
Supply Chain Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific supply chain security market outlook
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 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.
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Target buyers of Asia Pacific supply chain security market databook
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Our clientele includes a mix of supply chain security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific supply chain security market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific supply chain security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific supply chain security market size, by country, 2018-2030 (US$M)
Asia Pacific Supply Chain Security Market Outlook Share, 2023 & 2030 (US$M)
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