Latin America Supply Chain Security Market Size & Outlook
Latin America supply chain security market, 2018-2030 (US$M)
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Latin America supply chain security market highlights
- The Latin America supply chain security market generated a revenue of USD 267.2 million in 2023.
- The market is expected to grow at a CAGR of 12% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 267.2 million |
| Market revenue in 2030 | USD 589.7 million |
| Growth rate | 12% (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, Latin America region accounted for 11.4% 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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Latin America 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 52.81% in 2023. Horizon Databook has segmented the Latin America 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 expected to grow at a rapid pace as organizations utilize cloud computing platforms and virtualization techniques for commercial information storage. This is encouraging several multinational companies to establish manufacturing and assembly units in the region. These factors are propelling the growth of the region’s supply chain security solutions market.
Furthermore, the growing demand for proficient services that enable efficient inventory and purchase management is driving the demand for supply chain security solutions. Moreover, increasing focus on cloud-based supply chain management and the growing need for supply chain security solutions are driving the regional market growth.
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Target buyers of Latin America 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 Latin America supply chain security market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America supply chain security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America supply chain security market size, by country, 2018-2030 (US$M)
Latin America Supply Chain Security Market Outlook Share, 2023 & 2030 (US$M)
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