Supply Chain Risk Management Market Size, CAGR, Trends 2024-2030

Executive Summary

Supply Chain Risk Management (SCRM) is becoming increasingly critical for organizations as they seek to mitigate potential disruptions and enhance supply chain resiliency. The global SCRM market is projected to grow at a CAGR of % during the forecasted period.

Market conditions indicate a growing awareness among businesses about the importance of managing risks within their supply chains, especially in the wake of global events like the COVID-19 pandemic. As a result, there is a rising demand for robust SCRM solutions to identify, assess, and mitigate risks effectively.

Key market trends in the SCRM space include the integration of advanced technologies such as artificial intelligence, machine learning, and blockchain to enhance risk assessment and response capabilities. Additionally, there is a growing focus on supply chain transparency, sustainability, and resilience as organizations aim to build a competitive advantage through their supply chain operations.

Geographically, North America and Europe are leading regions for SCRM adoption due to the presence of established industries and stringent regulatory frameworks. The Asia-Pacific region, particularly China, is witnessing significant growth in the SCRM market as businesses in the region recognize the need for effective risk management strategies to secure their supply chains.

In the US, the SCRM market is driven by the increasing number of cyber threats, natural disasters, and geopolitical uncertainties. In Europe, regulatory pressures and sustainability initiatives are pushing organizations to invest in SCRM solutions. China is emerging as a key market for SCRM due to its vast manufacturing sector and growing emphasis on supply chain resilience.

Overall, the SCRM market is poised for steady growth as organizations across industries recognize the importance of proactive risk management to ensure operational continuity and business success.

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Market Segmentation:

This Supply Chain Risk Management Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Supply Chain Risk Management Market is segmented into:

• Avetta
• SAP Ariba
• CURA Software Solutions
• GEP
• LogicManager
• Marsh
• MetricStream
• Resilience360

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The Supply Chain Risk Management Market Analysis by types is segmented into:

• Supplier Risk Management Solutions
• Sustainable Procurement Solutions
• Logistic Management Solutions

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The Supply Chain Risk Management Market Industry Research by Application is segmented into:

• Governments
• Enterprises

In terms of Region, the Supply Chain Risk Management Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Supply Chain Risk Management Market

Key drivers in the Supply Chain Risk Management market include increasing global trade, complex supply chains, growing awareness of the importance of risk management, and advancements in technology. Barriers include high implementation costs, lack of skilled professionals, resistance to change, and the difficulty of predicting and preparing for unknown risks.

Challenges faced in the market include the need to continuously assess and manage risks across multiple partners and geographies, ensuring data security and privacy, integrating risk management into existing supply chain processes, and adapting to rapidly evolving threats such as cyber attacks and natural disasters. Additionally, managing supplier relationships and building trust in the supply chain are ongoing challenges for organizations.

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Competitive Landscape

Avetta is a leading provider of supply chain risk management solutions that help companies to assess, monitor, and mitigate risks in their supply chains. The company was founded in 2003 and has since grown to become a global leader in the industry. With a strong focus on cloud-based technology and a user-friendly platform, Avetta serves over 450 global clients across various industries.

SAP Ariba is another key player in the supply chain risk management market, offering a range of solutions that enable companies to manage their suppliers, contracts, and procurement processes more efficiently. The company was founded in 1996 and has a strong presence in the market, serving over 3 million users worldwide. SAP Ariba's platform is known for its robust features and scalability, making it a popular choice for large enterprises.

GEP is a well-established player in the supply chain risk management market, offering a comprehensive suite of solutions that help companies to optimize their supply chain processes and reduce risks. The company was founded in 1999 and has experienced significant growth over the years, with a large customer base that includes some of the world's leading companies. GEP's solutions are known for their advanced analytics capabilities and customizable features, making them a preferred choice for clients looking to enhance their supply chain management practices.

MetricsStream is another key player in the supply chain risk management market, offering a wide range of solutions that help companies to identify, assess, and mitigate risks in their supply chains. The company was founded in 1999 and has a strong global presence, serving clients in over 120 countries. MetricStream's platform is known for its advanced risk assessment tools and real-time monitoring capabilities, making it a valuable resource for companies looking to enhance their supply chain risk management practices.

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