Artificial Intelligence
Supply Chain Analytics Market Size to Worth Around USD 38.78 BN by 2032
Ottawa, May 31, 2023 (GLOBE NEWSWIRE) — As per Precedence Research, the global supply chain analytics market size will reach USD 38.78 billion by 2032. Supply chain analytics (SCA) is the practice of utilizing data and analytics to learn more about the operations and procedures of the supply chain. Real-time data access may be a game-changer when it comes to managing a supply chain. These analytics are used to discover areas where efficiency may be increased by gathering and analyzing data from each stage of the manufacturing and distribution process. This entails keeping track of everything, including workflow procedures, inventory management, financial investments, and the transportation and delivery of goods.
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The demand for greater operational and supply chain efficiency, the rapid expansion of business data across a range of sectors, including manufacturing, retail, and transportation, the influx of funding for government Big Data support initiatives, and the rise in the adoption of Big Data technologies are some of the major drivers of the global market for supply chain analytics.
Regional Snapshot
North America dominated the supply chain analytics market in 2022, the region is expected to maintain its dominance during the forecast period. The rising organizational development in e-commerce, healthcare, automation, and transportation, food, and beverages industries across the region is expected to propel the market’s growth in North America during the forecast period.
Asia Pacific is expected to hold a dominating share of the market in the upcoming period owing to the rising rate of industries. The increase in middle and large-scale organizations in this region and the rising prevalence of startups across the Asia-Pacific region will drive the demand for the supply chain analytics market. Increasing expenditure on Artificial intelligence across the region and rising of the cutting-edge technologies that can serve various industries.
The Middle East and Africa regions are showing steady growth in the supply chain analytics market. The increase in the economies in the region and the increase in the organizational need for the supply chain will increase the demand for the supply chain analytics market in these regions.
Report Highlights
- By solution, the sales and operation segment dominate the market with the highest revenue share in the supply chain analytics market in 2022. The requirement for cost and resource optimization is attributed to the overall growth of the segment.
- By Service, the professional service segment is expected to dominate the market in the forecast period. The increase in the growth of professional services is due to the requirement for data safety and assisting professional services with the latest technologies.
- By Deployment, the cloud segment is significantly increasing in the supply chain analytics market in the anticipated time period. The increase in the cloud segment is attributed to the increase in the adoption of IoT devices and large-scale customization of products and services in the organization.
- By Enterprise, the large enterprise held the largest market size in the supply chain analytics market in 2022. The demand increase is attributed to the increased demand for automation capabilities for automation resources and strong monitoring solutions.
- By End-User, the manufacturing segment is expected to dominate the market in the forecast period. The time availability of the product and providing real-time data across the value chain drive the growth of the market.
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Scope of this report
| Coverage | Details |
| Market Size in 2032 | USD 38.78 Billion |
| CAGR | 18% from 2023 to 2032 |
| North America Market Share | 36% in 2022 |
| Europe Market Share | 29% in 2022 |
| Sales and Operations Segments Share | 26% in 2022 |
| Key Players | Aera Technology, Birst, Inc., Genpact Limited, International Business Machines Corporation, Capgemini SA, Kinaxis, Lockheed Martin Corporation, Maersk Group, JDA Software Group, Inc., Manhattan Associates, Inc., and Others |
Market Dynamics
Drivers
Increase in the adoption of IoT
The continuous expansion of internet of things (IoT) in multiple organizations and rising utilization of social media/multimedia is observed to drive the growth of supply chain analytics market. The rising operations in the industries are expected to grow the data generated by humans and robots will continuously. According to the prediction for the future, there is a gadget that collects, analyzes, and exchanges this data worldwide. A large number of organizations adopt the technologies of big-data analytics to assemble their structured and unstructured databases. All the adoption will tend to the future demand of the supply chain analytics market.
Restraints
Interdepartmental disputes hamper the growth of supply chain analytics market
The Supply chain analytics manages the overall department of the organization like planning, purchasing, manufacturing, distribution, and information technology. The organization needs a strong workforce to handle interdepartmental disputes and resolve them because of this the profitability of the organization is hampered. It can be seen that organizations are giving more attention to information technology rather than the quality and safety of data. The profitability of the organization can be difficult to measure. The higher cost of installation will be the most limiting factor for the supply chain analytics market.
Opportunities
Supply chain analytics integrated by Industrial cloud platforms
Platforms as a service (PaaS), infrastructure as a service (IaaS), and software as a service (SaaS) are all combined into industrial cloud platforms with features tailored to vertical industry use cases. They accomplish it using flexible, composable platforms that are backed by a selection of bundled business capabilities that are industry-specific rather than as preset, singular, vertical SaaS solutions. As a result, they broaden technological innovation tools to also act as a business innovation tool and transform a cloud platform into a business platform, adding value beyond conventional cloud ways.
Challenges
High cost of installation and lower-skilled workforce
Acquisition of this software for supply chain analytics in the enterprise will be costly to acquire and maintain for the small-scale business. The use of the software and maintaining the supply chain analytics will require highly skilled and trained professionals and finding this professionally skilled labor force is difficult. Implementing supply chain analytics will be only implemented where the understanding of the business is fully clear and analyzed. Implementing supply chain analytics in the organization will require significant resources which can be a major challenge for small and medium businesses.
Related Reports
- Supply Chain Management Market – The global supply chain management market size was valued at USD 22.74 billion in 2022 and it is expanding around USD 69.94 billion by 2032with a CAGR of 11.89% from 2023 to 2032.
- Agriculture Supply Chain Management Market – The global agriculture supply chain management market size was valued at USD 0.83 billion in 2022 and is expanding around USD 2.17 billion by 2032 with a CAGR of 10% from 2023-2032.
- Cell and Gene Supply Chain Services Market – The global cell and gene supply chain services market size was valued at USD 1.3 billion in 2022 and is expanding around USD 3.5 billion by 2032 with a CAGR of 10.41% from 2023 to 2032.
Recent Development
- In April 2023, the global supply chain insights and risk analytics company Everstream announced its collaboration with BlueNode. BlueNode provides intermodal logistics data with AI-powered engines that streamline logistics and carbon emission reporting and measurement.
- In April 2023, Vestas the global leader in sustainable energy solutions, comes into a strategic collaboration with Everstream to minimize the risk exposure and increase sustainability in the global value chain.
Market Segmentation
By Solution
- Logistics Analytics
- Manufacturing Analytics
- Planning & Procurement
- Sales & Operations Analytics
- Visualization & Reporting
By Service
- Professional
- Support & Maintenance
By Deployment
- Cloud
- On-premise
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprises
By End-use
- Retail & Consumer Goods
- Healthcare
- Manufacturing
- Transportation
- Aerospace & Defense
- High Technology Products
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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Precedence Research is a worldwide market research and consulting organization. We give an unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
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123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
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The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
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Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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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 Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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