Deployment Mode (On-premises, Cloud-based, Hybrid)
Cloud-based segment in the cybersecurity in logistics market is estimated to exhibit CAGR of around 11.5% till 2037. Cloud-based deployment is finding more acceptance as logistics enterprises are engaging in cloud platforms for information sharing and collaboration on real-time data supply chains across the globe. These solutions are much more attractive to logistics companies for scalability, cost-effectiveness, and better security. For example, in September 2024, FedEx invested in AI-driven cybersecurity solutions due to its enhanced threat detection and response in real-time across FedEx cloud-based logistics. Such advancements by companies are likely to push the demand for cloud-based deployment of cybersecurity solutions in the logistics industry.
Application (Supply Chain Management, Warehouse Management, Transportation Management, E-commerce Logistics, Maritime Logistics, Aviation Logistics, Others)
Supply chain management segment is set to capture cybersecurity in logistics market share of over 68% by 2037. This is driven mainly by the complexities within global supply chains and reliance on converging digital systems. SCM (supply chain management) involves a lot of stakeholders and requires real-time data exchange, hence becoming a prime target for cyberattacks. In May 2024, ESET reported that a China-linked group had been using malware to target commercial shipping companies, underlining the very critical supply chains and pointing toward cybersecurity with great urgency.
Our in-depth analysis of the global cybersecurity in logistics market includes the following segments:
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Author Credits: Abhishek Verma
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