Saudi Arabia Supply Chain Security Market Size & Outlook
Saudi Arabia supply chain security market, 2018-2030 (US$M)
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Saudi Arabia supply chain security market highlights
- The Saudi Arabia supply chain security market generated a revenue of USD 69.4 million in 2023 and is expected to reach USD 182.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.8% 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 69.4 million |
| Market revenue in 2030 | USD 182.4 million |
| Growth rate | 14.8% (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, Saudi Arabia accounted for 3.0% 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 Middle East & Africa, Saudi Arabia supply chain security market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 182.4 million by 2030.
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Supply Chain Security Market Scope
Supply Chain Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 49.28% in 2023. Horizon Databook has segmented the Saudi Arabia 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 adoption of advanced technologies, such as IoT, AI, and ML, and the deployment of 5G technology. Organizations are constantly deploying new technologies such as cloud computing, artificial intelligence, and machine learning.
As a result, outsourcing managed security services helps firms reduce cybersecurity threats. Security services provide a variety of capabilities that help businesses manage and safeguard their digital assets from cyber threats.
To improve security and compliance management, managed security services frequently include features such as 24/7 threat monitoring, rapid threat response, remote wipes, threat hunting capabilities, device encryption, and application control.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia supply chain security market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia supply chain security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia supply chain security market size, by component, 2018-2030 (US$M)
Saudi Arabia Supply Chain Security Market Outlook Share, 2023 & 2030 (US$M)
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