North America Supply Chain Security Market Size & Outlook
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North America supply chain security market highlights
- The North America supply chain security market generated a revenue of USD 772.5 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 772.5 million |
| Market revenue in 2030 | USD 1,417.1 million |
| Growth rate | 9.1% (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, North America region accounted for 32.9% 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 |
|---|---|---|---|---|
| TagBox | View profile | 1-10 | Bangalore, Karnataka, India, Asia | http://www.tagbox.in |
| Rotronic | View profile | 101-250 | Bassersdorf, Zurich, Switzerland, Europe | https://www.rotronic.com |
| Monnit | View profile | 51-100 | South Salt Lake, Utah, United States, North America | http://www.monnit.com |
| Hanwell Solutions | View profile | 101-250 | Letchworth, Hertford, United Kingdom, Europe | https://hanwell.com |
| ELPRO Global | View profile | 51-100 | Buchs, Inner-Rhoden, Switzerland, Europe | https://www.elpro.com |
| Dickson | View profile | 1-10 | Addison, Illinois, United States, North America | http://www.dicksondata.com/ |
| Altana AI | View profile | 101-250 | New York, New York, United States, North America | https://altana.ai |
| Testo | View profile | 1001-5000 | West Chester, Pennsylvania, United States, North America | https://www.testo.com |
| SafeTraces | View profile | 11-50 | Pleasanton, California, United States, North America | http://www.safetraces.com |
| ORBCOMM | View profile | 1001-5000 | Rochelle Park, New Jersey, United States, North America | http://www.orbcomm.com/ |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
North 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 53.63% in 2023. Horizon Databook has segmented the North America supply chain security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
In North America, cyberspace is progressively expanding in line with the continued advancements in the latest technologies such as big data and the Internet of Things (IoT).
Furthermore, the increasing number of Small & Medium Enterprises (SMEs), incorporation of blockchain technology in Supply Chain Management (SCM), increase in demand for transportation management systems, and the establishment of major IT hubs in the region are driving the need for more effective supply chain security solutions.
The growing preference for cloud solutions, especially among SMEs, to boost business efficiency, cost-efficiency, and flexibility is also driving the adoption of supply chain security solutions in the region.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America supply chain security market , including forecasts for subscribers. This continent databook contains high-level insights into North America supply chain security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America supply chain security market size, by country, 2018-2030 (US$M)
North America Supply Chain Security Market Outlook Share, 2023 & 2030 (US$M)
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