Market Supply Chain Risk Management is Estimated To Witness High Growth Owing To Increased Supply Chain
Key Takeaways
The global Supply Chain Risk Management Market Share is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing complexities in global supply chains. North America dominates the market currently due to early adoption of supply chain risk technologies by organizations in the region. The Asia Pacific market is expected to grow at the fastest pace owing to the expansion of manufacturing industry in China and India.
Regional analysis
The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This is attributed to rapid industrialization in countries such as China and India. Manufacturers are increasingly focusing on supply chain risk visibility and disruption management to ensure flawless operations.
Key players
Key players operating in the supply chain risk management market are Avetta, LLC, Cura Software Solutions, DHL International GmbH, GEP, LogicManager, Inc., Marsh LLC, MetricStream Inc., SZ DJI Technology Co. Ltd., SAP Ariba Inc., Software AG, and The AnyLogic Company, and others. These players are focusing on developing innovative products and solutions to capture more market share.
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