Secure Logistics Market

Secure Logistics Market By Type (Static, Mobile) By Application (Cash Management, Diamonds, Jewelry & Precious Metals, Manufacturing, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2031

Automobile & Transportation | March 2023 | Report ID: EMR0059 | Pages: 215

The global secure logistics market size accounted for USD 81.38 billion in 2022 and it is projected to surpass around USD 165 billion by 2031, poised to grow at a CAGR of 7.88% between 2023 and 2031.

In order to reduce risks connected with transportation, such as theft, damage, loss, or unauthorized access, secure logistics involves secure storage, transportation, and handling methods. The demand for security management services for cash movement is rising as a result of increased security concerns among businesses and institutions.

The European Union has built a structure to get around obstacles and promote the mobility of production elements like labour, land, and money. With this system, the region's currencies and goods will be transported in a safe and secure atmosphere. The deregulation of financial services and changes in technological innovation are transforming the banking business globally.

In emerging economies, banking has historically been a highly protected sector with regulated deposits and entrance requirements for both domestic and foreign investors. Nonetheless, as a result of macroeconomic pressures and technical developments, the banking sector is opening the market to overseas competition. It is anticipated that a significant amount of foreign direct investment will come into the BRICS nations and other emerging economies (FDIs).

The expansion of the banking sector in these areas has been fueled by the expansion of the skilled labor force, increasing internationalization, and an increase in the proportion of young consumers. Furthermore, it is anticipated that the growth of the banking industry in emerging nations will be influenced by the rising number of High Net-worth Individuals (HNIs) and the increasing need for wealth management services.

Secure Logistics Market REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

81.38 Bn

Projected Market Value (2031)

165 Bn

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Application & Region

Segments Covered

By Type, By Application & Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Market Drivers

The recent liberalization of financial services and improvements in technology have had a substantial impact on the global banking industry. In emerging nations, banking has historically been a very protected sector with regulated deposits and stringent entry standards for both domestic and foreign investors. But as macroeconomic constraints and technological advancements in the banking sector increased, regional players were compelled to make their markets more accessible to outside competition.

There are high expectations for significant foreign direct investment in the BRICS countries, which include Brazil, Russia, India, China, and South Africa (FDI). A number of variables, including an increase in the number of young consumers, a growing skilled labor force, and increased globalization, are responsible for the BFSI sector's success in emerging nations.

Market Challenges

The payment process is being transformed by technological advancements such as NFC, EMV chips, and other contactless devices. Because of the improved data and payment infrastructure, this shift presents a significant opportunity for mobile commerce. With an increasing consumer base, online mobile commerce is getting popular.

The emergence of mobile wallets such as Apple Pay, Google Pay, and Samsung Pay is expected to drive the mobile payments market. Point-of-sale systems that accept mobile payments, as well as incentives such as loyalty programmes and promotions, are widely used to attract new users.

Market Opportunities

Over the last decade, global logistics thefts and heists have been on the rise. For example, until February 2020, South Africa had at least one Cash-In-Transit (CIT) heist, with 35 such heists reported nationwide and 21 in Gauteng alone. Cities such as Cape Town and Boksburg are seeing an increase in on-road robberies, raising theft concerns among customers from various industries such as banking, retail, and precious metals while travelling.

Despite running their logistics operations, these companies are losing money due to theft, which is often caused by insufficient security personnel and outdated technology. As a result, there is an increasing demand for dependable logistics services to address these security concerns. Secure logistics companies provide a variety of outsourcing services, such as armoured vehicles, cross-border transport, manned security, ATM management, secure storage, cash-in-transit, and replenishment.

As a result, businesses are increasingly focusing on secure logistics services to reduce the risks of theft and other security breaches while transporting and handling goods and assets.

Regional Analysis:

The European market has emerged as the most dominant market in 2022. The growth of ATMs in emerging economies and their increasing penetration are expected to drive regional growth, along with the rise in cash circulation and trade investments between European countries, which presents a range of secure logistics opportunities.

Trade policies and Brexit-related issues will have an impact on future market shares. Because of the development of financial institutions in these countries, emerging markets such as Brazil, Nigeria, and Iran are expected to have a high demand for new ATMs. The theft of high-risk, high-value products is estimated to cost the European Union more than 8.2 billion Euros per year.

During the forecast period, the Asia Pacific market will grow at the fastest CAGR. The region's growth is being driven by factors such as increased demand for ATMs, the expansion of financial institutions, and rising freight theft. Because of consumers' preference for cash transactions and payment modes, the North American market is expected to have a significant market share in 2022. The North American market, on the other hand, suffered significant economic losses in the first two quarters of 2020 as a result of the high number of COVID-19 cases, particularly in the US, which impacted the logistics supply chain.

Participants in the logistics and supply chain industries are focusing on digital technologies to reduce losses and maintain commercial operations. Several logistics companies are investing in digital technologies and focusing on job opportunities.

Competitor analysis

Competitor analysis in the secure logistics market involves identifying and evaluating the strengths and weaknesses of other companies in the same industry. Here are some of the top competitors in the secure logistics market.

Key Market Players:

  • Brinks
  • G4S
  • Loomis
  • Securitas
  • Garda World
  • Prosegur
  • Allied Universal
  • CMS
  • Knoxshield Security Logistics
  • Zegmax Logistics
  • Cash Logistik Security
  • Rodoban
  • Armaguard
  • Global Security Logistics

Key Benefits of the Report

  • This study presents an analytical depiction of the Secure Logistics industry along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to market key drivers, restraints, and opportunities, along with detailed analysis of the Secure Logistics Market share.
  • The current market is quantitatively analyzed to highlight the Secure Logistics Market's growth scenario.
  • Porter's five forces research demonstrates the market power of suppliers and buyers.
  • The report provides a detailed Secure Logistics market analysis based on competitive intensity and how the competition will take shape in the coming years.

 

Secure Logistics Market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Static
  • Mobile

By Application

  • Cash Management
  • Diamonds, Jewelry & Precious Metals
  • Manufacturing
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

The Report Answers Questions Such As:

  • What is the potential opportunity for the Secure Logistics Market
  • What are the major drivers, restraints, and opportunities of the Secure Logistics Market
  • What is the market share of the leading segments and sub-segments of the Secure Logistics Market in the forecast period (2023-2031)
  • How is each segment of the Secure Logistics Market expected to grow during the forecast period
  • What is the expected revenue to be generated by each of the segments by the end of 2031
  • What are the key development strategies implemented by the key players to stand out in this Secure Logistics Market
  • What is the preferred business model used for building Secure Logistics Market
  • Which area of application is expected to be the highest revenue generator in the Secure Logistics Market during the forecast period
  • Which end-user segment is expected to be the highest revenue generator in this industry during the forecast period
  • What is the potential of Secure Logistics Market in the emerging countries during the forecast period

 

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

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