Security News > 2022 > March > Digital supply chain market to reach $13.67 billion by 2030

The global digital supply chain market was pegged at $3.91 billion in 2020, and is expected to reach $13.67 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030, according to Allied Market Research.

Increase in demand for reliable, fast, and effective order execution, rise in demand for cloud-based supply chain management solutions, and improved use of industrial-grade digital technology drive the growth of the global digital supply chain market.

The demand is due to rise in the adoption of supply chain visibility and event management solution, which is an important part of digital supply chain.

The services segment is estimated to register the highest CAGR of 14.8% during the forecast period, owing to rise in the adoption of supply chain management solutions which has resulted in demand for supply chain management services across different industry verticals.

By region, the global digital supply chain industry across North America dominated in 2020, accounting for more than two-fifths of the market, due to increased investment in emerging technologies such as artificial intelligence, robotics & automation, Internet of Things, 5G networking, augmented & virtual reality, digital twin, autonomous cars, and drones which in turn drives the growth of digital supply chain market.

The market across Asia-Pacific is anticipated to showcase the highest CAGR of 16.1% during the forecast period, owing to strong economic growth and ongoing development in services sector, due to which the business enterprises are investing in the digital supply chain solution to sustain their growth and improve productivity.

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https://www.helpnetsecurity.com/2022/03/04/digital-supply-chain-2030/