Published Date: 26-Sep-2021
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According to a new report Global Supply Chain Security Market, published by KBV research, The Global Supply Chain Security Market size is expected to reach $1.3 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
The services segment involves numerous services that are required at the time of deploying, executing, and maintaining the supply chain security hardware & software in a company. The demand for these services would propel the increment in the implementation of supply chain security solutions. The professional security specialists offer supply chain security with remote assistance and also give incident replies to the doubtful queries of customers. Professional services comprise education & training and support & maintenance.
The Retail & eCommerce market dominated the Global Supply Chain Security Market by Vertical 2020, growing at a CAGR of 5.4 % during the forecast period. The FMCG market is showcasing a CAGR of 7.6% during (2021 - 2027). Additionally, The Healthcare & Life Sciences market is expected to witness a CAGR of 7.3% during (2021 - 2027).
North America is estimated to acquire the largest market share over the forecast years. In addition, this region comprises numerous leading market players offering supply chain security solutions to all end-users. Additionally, the nations in this region like Canada and the US are projected to play a significant role in surging the growth of the supply chain security market as they have robust economic conditions.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Carrier Global Corporation (Sensitech, Inc.), IBM Corporation, NXP Semiconductors N.V., Emerson Electric Co., Orbcomm, Inc. (Northrop Grumman Corporation), Monnit Corporation, Berlinger & Co. AG, Signatrol Ltd., Cold Chain Technologies (Aurora Capital Partners) and Qingdao Haier Biomedical Co., LTD.
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