Surge in need for comprehensive supply chain risk management solutions, increased government regulations and standards, an increase in urbanization, rise in traffic congestion, and digital revolution in the transportation sector drive the growth of the global supply chain risk management market.
PORTLAND, Ore., March 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Supply Chain Risk Management Market by Component (Solution, Services), by End Use Industry (Retail and Consumer Goods, Healthcare and Pharmaceuticals, Manufacturing, Food and Beverages, Transportation and Logistics, Automotive, Other), by Enterprise Size (Large Enterprise, Small and Medium Enterprise), by Deployment (On Premise, Cloud): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global supply chain risk management industry generated $2.9 billion in 2021, and is estimated to reach $6.9 billion by 2031 witnessing a CAGR of 9.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Download Free Sample of Research Report - https://www.alliedmarketresearch.com/request-sample/47876
Drivers, Restraints, and Opportunities:
Surge in need for comprehensive supply chain risk management solutions, increased government regulations and standards, an increase in urbanization, rise in traffic congestion, initiatives and developments by government & industry players across the country, and digital revolution in the transportation sector drive the growth of the global supply chain risk management market. However, data security issues and manual risk management processes restrict the market growth. On the other hand, standardization of risk assessment processes across organizations, as well as the integration of advanced technologies will present new growth opportunities for the global SCRM market in the coming years.
COVID-19 Scenario:
- The outbreak of the COVID-19 pandemic significantly impacted the supply chain risk management market, as companies faced a variety of challenges, like reduced capacity, factory closures, and disrupted transportation & logistics.
- In response to the pandemic, demand for supply chain risk management solutions increased as businesses seek to better understand their risk exposure and implement risk-mitigation measures.
- Furthermore, the COVID-19 pandemic highlighted the importance of greater supply chain resilience and flexibility, as well as having contingency plans in place to respond to disruptions. As a result, many businesses are emphasizing risk management and taking a more proactive approach to supply chain risk management in order to better prepare for future challenges.
The solution segment to rule the roost:
By component, the solution segment contributed to the largest share of more than three-fifths of the global supply chain risk management market in 2021 and is expected to maintain progressive growth during the forecast period. The segment is driven by rise in the adoption of supply chain visibility and event management software, as it is an important part of supply chain management. However, the services segment is projected to witness the fastest CAGR of 11.3% from 2022 to 2031. This is due to rise in implementation of supply chain risk management services to ensure effective functioning of the supply chain with transparency and control throughout the process.
The large enterprise segment to retain its dominance by 2031:
Based on enterprise size, the large enterprise segment accounted for around three-fifths of the global supply chain risk management market share in 2021 and is expected to retain its dominance by 2031. This is due to an increase in the use of supply chain risk management software to track data on supply chain operations and make required decisions. On the other hand, small and medium enterprise segment is projected to witness the fastest CAGR of 10.8% from 2022 to 2031, owing to surge in the adoption of supply chain management technologies to gain insights by analyzing real-time data across SMEs.
Procure Complete Research Report - https://www.alliedmarketresearch.com/supply-chain-risk-management-market/purchase-options
The on-premise segment to dominate in terms of revenue during the forecast period:
In terms of deployment, the on-premise segment accounted for more than two-thirds of the global supply chain risk management market share in 2021 and is expected to retain its dominance by 2031. By utilizing the business's own IT infrastructure, on-premises supply chain risk management software can be utilized to gather, present, and arrange crucial data from customer communications made through calls, emails, and chatbots. This lowers the risk of failure while enabling them to securely maintain customer requirement data, increase customer happiness, and foster long-term engagement. On the other hand, cloud segment is projected to witness the fastest CAGR of 11.5% from 2022 to 2031, owing to the fact that small and medium-sized businesses choose cloud-based supply chain risk management software as it has limited maintenance requirements and does not require any capital expenditure.
North America garnered the major share in 2021:
By region, North America garnered the highest share in 2021, accounting for nearly two-fifths of the global supply chain risk management market revenue, and is expected to rule the roost during the forecast period. This is due to a rise in spending on transportation & logistics, which is boosting the implementation of automation technologies in logistics and supply chain. However, the Asia-Pacific region is projected to witness the fastest CAGR of 11.4% from 2022 to 2031. This is due to rise in cloud deployment among small & medium businesses, and ongoing modernization of manufacturing & construction industries in emerging countries.
Leading Market Players:
- AnyLogistix
- JAGGAER
- Avetta, LLC
- EXIGER, SAP Arbia
- CURA
- Marsh LLC
- DHL International GmbH
- MetricSream
- LogicManager, Inc.
Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/47876
Similar Reports We Have on Supply Chain Industry:
Agriculture Supply Chain Management Market Research Report 2023-2035
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/automotive-and-transportation
Follow Our Blog: www.theinnovativereport.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/supply-chain-risk-management-market-to-reach-6-9-billion-globally-by-2031-at-9-2-cagr-allied-market-research-301759597.html
