The Europe Supply Chain Security Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Supply chains help in fulfilling the demand of customers with appropriate price, place, and time. The consequences of bad supply chain security solutions are the exchange of confidential data, disruptions & risk in the reliability of the products that are being delivered, and transaction data breaches that can lead to damaging operational, financial, and brand degradation. The supply chain can get easily attacked by ransomware attackers, malicious activities, and data breaches at any stage.
Numerous organizations in this region are facing a major challenge as the government has imposed a new Supply Chain Act. It needs transparency and risk management with the entire supply chain along with special knowledge of human rights violations and environmental offenses on site. Failure to comply with the new requirements on minimum social and environmental standards within the supply chain could result in loss of sales and image, fines & exclusion from federal procurement practices.
In Europe, the upcoming law challenges organizations with new tasks and responsibilities for which there is often too little in-house expertise. Risks have to be identified, analyzed, and appropriate measures taken by supply chain security solutions. The organizations are having the problem of risk management and transparency in the scattered supply chains. Getting a hold on data requires a great deal of effort and assessing the situation is accompanied by great uncertainty. Thus, it is estimated that the supply chain security market will witness a gradual surge in this region in the upcoming years.
The Germany market dominated the Europe Healthcare & Life Sciences Supply Chain Security Market by Country 2020, thereby, achieving a market value of $13.9 million by 2027. The UK market would exhibit a CAGR of 6.1% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 7.6% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Data Protection, Data Visibility & Governance and Others. Based on Vertical, the market is segmented into Retail & eCommerce, FMCG, Healthcare & Life Sciences, Manufacturing, Transportation & Logistics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Supply Chain Security Market Size will Hit $1.3 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Component
By Organization Size
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