South Korea Supply Chain Security Market Size & Outlook
South Korea supply chain security market, 2018-2030 (US$M)
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South Korea supply chain security market highlights
- The South Korea supply chain security market generated a revenue of USD 54.5 million in 2023 and is expected to reach USD 129.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.2% 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 54.5 million |
| Market revenue in 2030 | USD 129.4 million |
| Growth rate | 13.2% (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, South Korea accounted for 2.3% 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 Asia Pacific, China supply chain security market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 150.1 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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South Korea 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 48.81% in 2023. Horizon Databook has segmented the South Korea 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 increased number of new threats, government regulations, and proliferation of data generated by consumers. Digital transformation has created a plethora of new opportunities for cyberattacks.
The diversification of technology and the shortage of skilled cybersecurity professionals have created new avenues for supply chain security services providers in the country., IT firms constantly install new technologies such as cloud computing, artificial intelligence, machine learning, and DevOps.
As a result, outsourcing managed security services helps firms reduce cybersecurity threats. Furthermore, supply security services provide a variety of capabilities that help businesses manage and protect their digital assets from cyber threats.
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Target buyers of South Korea 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 South Korea supply chain security market , including forecasts for subscribers. This country databook contains high-level insights into South Korea supply chain security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea supply chain security market size, by component, 2018-2030 (US$M)
South Korea Supply Chain Security Market Outlook Share, 2023 & 2030 (US$M)
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