Canada Supply Chain Security Market Size & Outlook
Canada supply chain security market, 2018-2030 (US$M)
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Canada supply chain security market highlights
- The Canada supply chain security market generated a revenue of USD 168.3 million in 2023 and is expected to reach USD 329.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.1% 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.
Supply chain security market data book summary
| Market revenue in 2023 | USD 168.3 million |
| Market revenue in 2030 | USD 329.4 million |
| Growth rate | 10.1% (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, Canada accounted for 7.2% 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 North America, U.S. supply chain security market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 329.4 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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Canada 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 48.78% in 2023. Horizon Databook has segmented the Canada supply chain security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth in the country can be attributed to the increasing adoption of cloud SCM among Small & Medium-sized Enterprises (SMEs), increasing demand for the efficient administration of organizational processes, and growing automation of the transportation and logistics sector.
As supply chains become more complex and involve more market players from several locations, there is a greater need to maintain supply chain security at every stage, from raw material procurement to finished product delivery. As a result, organizations are establishing supply chain security safeguards to secure their products, data, and reputation.
It includes implementing security protocols and procedures, such as data encryption, cyber threat monitoring, and secure transportation and storage. Furthermore, organizations engaged in unethical or unsustainable supply chain operations may face substantial reputational and financial penalties.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada supply chain security market , including forecasts for subscribers. This country databook contains high-level insights into Canada supply chain security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada supply chain security market size, by component, 2018-2030 (US$M)
Canada Supply Chain Security Market Outlook Share, 2023 & 2030 (US$M)
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