Secure Logistics Market
Secure Logistics Market Forecasts to 2030 - Global Analysis By Type (Mobile, Static and Other Types), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $81.2 BN |
|
Projected Year Value (2030) |
US $140.1 BN |
|
CAGR (2023 - 2030) |
8.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Secure Logistics Market is accounted for $81.2 billion in 2023 and is expected to reach $140.1 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Secure logistics was created to increase the confidence of experts in the security system and on-time performance while fulfilling client needs appropriately. In a world where products are expensive and time-sensitive, secure logistics flourishes. The demand for secure logistics & management services for cash has increased due to the rise in security concerns among businesses and institutions. Therefore, it is thought that secure logistics is a crucial foundation for financial security. Cash-in-transit, cash processing, and automated teller machine (ATM) services are all included in the cash management segmentation. Due to developments in technological innovation in the financial sector, the banking business is changing globally.
According to the Reserve Bank of India (RBI), cash in circulation increased by 14.7% in value & 6.6% in volume between March 2019 and 2020.
Market Dynamics:
Driver:
The increasing demand for safe and secure transportation of goods
The need to safeguard priceless resources, commodities, or goods from theft, destruction, and other security hazards is what is driving the rising demand for safe and secure transportation of goods. Companies are now looking to invest in secure logistics solutions that can ensure the safety and security of goods being transported due to the growth of e-commerce and the requirement for faster delivery of goods. The market is expanding as a result of investments made by businesses in cutting-edge technologies like smart lockers, RFID tags, and GPS tracking systems.
Restraint:
Increasing usage of payments from mobile
Technological advancements such as NFC, EMV chips, and other contactless devices are transforming the payment process. Due to the availability of enhanced data and payment infrastructure, this transformation offers a significant opportunity for mobile commerce. Online mobile commerce is becoming more and more common thanks to an expanding consumer base. The market for mobile payments are anticipated to be driven by the advent of mobile wallets like Apple Pay, Google Pay, and Samsung Pay.
Opportunity:
Increasing outsourcing cash management solutions
In order to lower liabilities and increase operational effectiveness, banks choose to outsource cash management services to armoured car carriers or cash-in-transit businesses. The cash-in-transit businesses offer transportation, processing, storage, and accounting services to banks and financial institutions. The popularity of outsourcing the operations of cash management services has grown quickly as the geographic spread of ATMs and bank branches increases. In turn, this is increasing demand for secure logistics.
Threat:
Lack of standardization in regulatory practices
Logistics providers are perplexed as to which laws they must abide by in order to conduct business legally due to the wide variations in regulatory practises between nations. In addition to raising operating costs, this complexity can prevent businesses from expanding into new markets. As a result, operations become more expensive, which might make it challenging for new competitors to compete with existing firms. These services sometimes come with expensive an insurance cost, which further restrains market expansion.
Covid-19 Impact
Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on different economies and businesses in various countries. Transportation and logistics across the air, freight, and marine segments were affected in various ways as the pandemic breakout caused interruptions. The closure of numerous plants and factories has had a severe influence on global supply chains, manufacturing, delivery schedules, and product sales. Reduced logistics activities and service provider revenue were also hampered by travel restrictions, curfews at night, and airline cancellations.
The mobile type segment is expected to be the largest during the forecast period
The mobile type segment is estimated to have a lucrative growth, due to the increasing advancements in secure journey management services. Vehicles with electronic defences, radio, and satellite communication systems are available from service providers. Electronic safes are generally used by financial organisations to decrease management downtime, and service providers collaborate with different safe manufacturers to offer a variety of electronic safe services of varying sizes.
The cash management segment is expected to have the highest CAGR during the forecast period
The cash management segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing penetration of ATMs in emerging countries. ATM services, cash processing, and cash in transit are all included in the cash management category. With the use of armoured trucks that lower risks and improve security by minimising potential for theft, cash-in-transit entails collecting money from banks and delivering it to specified cash locations like ATMs.
Region with Largest share:
North America is projected to hold the largest market share during the forecast period owing to the preference for cash transactions and payment modes among consumers. It is projected that the nation's sizable customer base and expanding output will be what drive the demand for gold. A number of logistics companies are focusing their efforts on seizing hiring opportunities and making investments in digital technologies. This is anticipated to fuel the region's logistics supply chain market's digitization.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increasing demand for ATMs, expansion of financial institutions, and rising freight theft. A significant portion of its market share can be attributed to the region's growing manufacturing sector, sizable consumer base, and sophisticated logistical network. The factors causing the growth are quick industrialisation and substantial economic expansion.
Key players in the market
Some of the key players profiled in the Secure Logistics Market include G4S Limited, Prosegur, CMS Info Systems, CargoGuard, PlanITROI, Inc., Lemuir Group, Allied Universal, Loomis AB, Brink’s Incorporated, Securitas AB, Maltacourt, GardaWorld, My Alarm Center, Securitas AB and Attenti Group.
Key Developments:
In October 2022, Brink acquired Note Machine for approximately USD 179 million in order to advance its ATM-managed services strategy.
In August 2022, Attenti Group, one of the top electronic monitoring companies in the world, was strategically acquired by Allied Universal, the leading global provider of security and facility services.
Types Covered:
• Mobile
• Static
• Other Types
Applications Covered:
• Manufacturing
• Jewelry and Precious Metal
• Diamonds
• Cash Management
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Secure Logistics Market, By Type
5.1 Introduction
5.2 Mobile
5.3 Static
5.4 Other Types
6 Global Secure Logistics Market, By Application
6.1 Introduction
6.2 Manufacturing
6.3 Jewelry and Precious Metal
6.4 Diamonds
6.5 Cash Management
6.6 Other Applications
7 Global Secure Logistics Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 G4S Limited
9.2 Prosegur
9.3 CMS Info Systems
9.4 CargoGuard
9.5 PlanITROI, Inc.
9.6 Lemuir Group
9.7 Allied Universal
9.8 Loomis AB
9.9 Brink’s Incorporated
9.10 Securitas AB
9.11 Maltacourt
9.12 GardaWorld
9.13 My Alarm Center
9.14 Securitas AB
9.15 Attenti Group
List of Tables
1 Global Secure Logistics Market Outlook, By Region (2021-2030) ($MN)
2 Global Secure Logistics Market Outlook, By Type (2021-2030) ($MN)
3 Global Secure Logistics Market Outlook, By Mobile (2021-2030) ($MN)
4 Global Secure Logistics Market Outlook, By Static (2021-2030) ($MN)
5 Global Secure Logistics Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Secure Logistics Market Outlook, By Application (2021-2030) ($MN)
7 Global Secure Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
8 Global Secure Logistics Market Outlook, By Jewelry and Precious Metal (2021-2030) ($MN)
9 Global Secure Logistics Market Outlook, By Diamonds (2021-2030) ($MN)
10 Global Secure Logistics Market Outlook, By Cash Management (2021-2030) ($MN)
11 Global Secure Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Secure Logistics Market Outlook, By Country (2021-2030) ($MN)
13 North America Secure Logistics Market Outlook, By Type (2021-2030) ($MN)
14 North America Secure Logistics Market Outlook, By Mobile (2021-2030) ($MN)
15 North America Secure Logistics Market Outlook, By Static (2021-2030) ($MN)
16 North America Secure Logistics Market Outlook, By Other Types (2021-2030) ($MN)
17 North America Secure Logistics Market Outlook, By Application (2021-2030) ($MN)
18 North America Secure Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
19 North America Secure Logistics Market Outlook, By Jewelry and Precious Metal (2021-2030) ($MN)
20 North America Secure Logistics Market Outlook, By Diamonds (2021-2030) ($MN)
21 North America Secure Logistics Market Outlook, By Cash Management (2021-2030) ($MN)
22 North America Secure Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Secure Logistics Market Outlook, By Country (2021-2030) ($MN)
24 Europe Secure Logistics Market Outlook, By Type (2021-2030) ($MN)
25 Europe Secure Logistics Market Outlook, By Mobile (2021-2030) ($MN)
26 Europe Secure Logistics Market Outlook, By Static (2021-2030) ($MN)
27 Europe Secure Logistics Market Outlook, By Other Types (2021-2030) ($MN)
28 Europe Secure Logistics Market Outlook, By Application (2021-2030) ($MN)
29 Europe Secure Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
30 Europe Secure Logistics Market Outlook, By Jewelry and Precious Metal (2021-2030) ($MN)
31 Europe Secure Logistics Market Outlook, By Diamonds (2021-2030) ($MN)
32 Europe Secure Logistics Market Outlook, By Cash Management (2021-2030) ($MN)
33 Europe Secure Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Secure Logistics Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Secure Logistics Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Secure Logistics Market Outlook, By Mobile (2021-2030) ($MN)
37 Asia Pacific Secure Logistics Market Outlook, By Static (2021-2030) ($MN)
38 Asia Pacific Secure Logistics Market Outlook, By Other Types (2021-2030) ($MN)
39 Asia Pacific Secure Logistics Market Outlook, By Application (2021-2030) ($MN)
40 Asia Pacific Secure Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
41 Asia Pacific Secure Logistics Market Outlook, By Jewelry and Precious Metal (2021-2030) ($MN)
42 Asia Pacific Secure Logistics Market Outlook, By Diamonds (2021-2030) ($MN)
43 Asia Pacific Secure Logistics Market Outlook, By Cash Management (2021-2030) ($MN)
44 Asia Pacific Secure Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Secure Logistics Market Outlook, By Country (2021-2030) ($MN)
46 South America Secure Logistics Market Outlook, By Type (2021-2030) ($MN)
47 South America Secure Logistics Market Outlook, By Mobile (2021-2030) ($MN)
48 South America Secure Logistics Market Outlook, By Static (2021-2030) ($MN)
49 South America Secure Logistics Market Outlook, By Other Types (2021-2030) ($MN)
50 South America Secure Logistics Market Outlook, By Application (2021-2030) ($MN)
51 South America Secure Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
52 South America Secure Logistics Market Outlook, By Jewelry and Precious Metal (2021-2030) ($MN)
53 South America Secure Logistics Market Outlook, By Diamonds (2021-2030) ($MN)
54 South America Secure Logistics Market Outlook, By Cash Management (2021-2030) ($MN)
55 South America Secure Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Secure Logistics Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Secure Logistics Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Secure Logistics Market Outlook, By Mobile (2021-2030) ($MN)
59 Middle East & Africa Secure Logistics Market Outlook, By Static (2021-2030) ($MN)
60 Middle East & Africa Secure Logistics Market Outlook, By Other Types (2021-2030) ($MN)
61 Middle East & Africa Secure Logistics Market Outlook, By Application (2021-2030) ($MN)
62 Middle East & Africa Secure Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
63 Middle East & Africa Secure Logistics Market Outlook, By Jewelry and Precious Metal (2021-2030) ($MN)
64 Middle East & Africa Secure Logistics Market Outlook, By Diamonds (2021-2030) ($MN)
65 Middle East & Africa Secure Logistics Market Outlook, By Cash Management (2021-2030) ($MN)
66 Middle East & Africa Secure Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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