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Large, Small and Medium Enterprise by Enterprise at CAGR 9.2% from 2022-2031


Supply Chain Risk Management Demand

Supply Chain Risk Management Demand

OREGAON, PORTLAND, UNITED STATES, May 31, 2023/EINPresswire.com/ — 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.

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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.

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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.

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The global increase in COVID-19 cases is slowing down the economy. Developed nations are most affected by this pandemic. However, as social distancing laws are becoming stricter, it is anticipated that the adoption of collaborative software applications, security measures, big data, and AI (Artificial Intelligence) is expected to rise in the next few years. Various end users are using supplier risk management strategies to reduce supply chain hazards that could result from COVID-19.

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By component, the services segment is anticipated to exhibit significant growth in during the forecast period.

By end use industry, the Transportation and logistics segment is anticipated to exhibit significant growth during the forecast period.

By enterprise size, the Small and Medium Enterprise segment is anticipated to exhibit significant growth during the forecast period.

By deployment, the Cloud segment is anticipated to exhibit significant growth during the forecast period.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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Key players operating in the global supply chain risk management market include AnyLogistix, Avetta LLC, CURA, DHL International GmbH, EXIGER, JAGGAER, LogicManager, Inc., Marsh LLC, MetricSream, and SAP Arbia.

David Correa
Allied Analytics LLP
+ 1-800-792-5285
email us here





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