Cybersecurity in Logistics Market size is evaluated at USD 8.4 billion in 2024 and is set to reach USD 36.6 billion by the end of 2037, expanding at around 12% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of cybersecurity in logistics is assessed at USD 9.4 billion.
The cybersecurity in logistics market is rising at a rapid pace as the operations of logistics and supply chains have become more complex and vulnerable to evolving cyber threats. With digitization, the integration of technologies such as IoT and cloud computing, logistics today has transformed greatly, and the threat of cyber-attacks has increased multifold, paving a wide avenue for cybersecurity solution providers to innovate more developed tools to protect sensitive data and assure continuity in operations. In May 2022, Hitachi launched its logistics industry solution called Lumada Inspection Insights. This AI-powered platform gives the facility to monitor real-time data originating from sensors and IoT devices deployed over logistics networks, which can identify signs of potential vulnerabilities and cyber-attacks before they can become malignant.
Various governments across the globe are also taking crucial steps toward strengthening cybersecurity in logistics. These factors are influencing regulatory changes as governments pose tighter compliance requirements for logistics firms. In June 2024, a report described increased vulnerability to cyber threats in U.S. federal systems and critical infrastructure, especially in strengthening their security systems. Meanwhile, all over the world, governments increasingly work toward making cybersecurity better in logistics. The rise in cyber threats is among the leading causes of regulatory changes. Many governments adapt and change to include more stringent compliance regulatory requirements for logistics firms, which are to protect against potential disruptions and data breaches.
Author Credits: Abhishek Verma
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