USD 82.7 billion
Report ID:
SQMIG20R2016 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
61
|Figures:
74
Secure Logistics Market size was valued at USD 90.23 Billion in 2023 and is poised to grow from USD 98.44 Billion in 2024 to USD 197.58 Billion by 2032, growing at a CAGR of 9.10% during the forecast period (2025-2032).
The rising security concerns among banks and corporations have boosted the demand for safe money logistics and management services. As a result, safe logistics is seen as a critical platform for financial protection. Cash-in-transit, cash processing, and automated teller machine (ATM) services are all part of the cash management industry. To reduce the danger of theft and boost security, the service provider employs transportation and security valuables. The global banking industry is undergoing transformation as a result of developments in technological innovation and deregulation of financial services.
Banking in emerging nations has typically been a highly protected industry, with regulated deposits and limits on local and international entry. However, technical developments and macroeconomic constraints have led the banking industry to open the secure logistics market to global competitors. BRICS nations are also projected to receive a big inflow of Foreign Direct Investments (FDIs) from other rising economies. The rising skilled work force, fast globalization, and an increase in the number of young consumers have been driving forces in these regions.
Furthermore, the growing number of High Net-worth Individuals (HNIs) and the increasing demand for wealth management services are likely to influence the growth of the banking sector in the emerging market, as well as bolster the secure logistics market.
US Secure Logistics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 82.7 billion
Largest Segment
Static
Fastest Growth
Static
Growth Rate
9.10%CAGR
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Global Secure Logistics Market is segmented into Type, Mode of Transport, Application, End-User, and region. By Type, the market is classified into Static, Mobile. Depending on the Mode of Transport, it is categorized into Road, Rail, Air, Sea. According to Application, the market is divided into Cash Management, Diamonds, Jewelry & Precious Metals, Manufacturing, Others. Based on End-User, the market is segmented into Financial Institutions, Retailers, Government, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Secure Logistics Market Analysis by Type
By type, the Global Secure Logistics Market has been segmented into static and mobile. The static segment led the global market in 2021, accounting for more than 60% of total sales. The segment is expected to remain dominant during the projection period. Static manned guards are used for security. The security guards stationed at numerous sites contribute to the logistics transportation's security. Guarding services are provided by a number of market participants. These businesses provide specialist logistics security solutions targeted at revealing security breaches, decreasing shipment loss and damage, and preventing theft.
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In 2021, Europe held the largest share of the worldwide secure logistics market, accounting for more than 42% of the total, and has emerged as one of the most powerful markets. The expanding use of ATMs in emerging economies, along with increasing ATM penetration, is likely to drive regional growth. The increasing rate of cash circulation and trade investments among European countries creates a plethora of safe logistical prospects. Trade policies across countries, as well as the issues associated with Brexit, will have a substantial impact on market shares in the future. According to an article released by ATM Marketplace in 2018, a few countries, including Italy, the Netherlands, and Spain, are focusing their efforts on reducing the number of ATMs and bank branches in order to cut high operational costs and support electronic payment systems.
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Secure Logistics Market Driver
Secure Logistics Market Challange
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Due to the presence of multiple global, regional, and local companies, the globally secure logistics industry is very competitive. Global players such as Brink's, G4S, Garda World, Loomis, and Prosegur holds the majority of the market. Global players are focusing on inorganic growth strategies, building unique services by making high-value investments in technology, to maintain a competitive advantage over other market participants. Furthermore, due to high regulatory compliance and the client's preference for well-established enterprises, the threat of new competitors in the market is low.
Secure Logistics Market Top Player’s Company Profiles
Secure Logistics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the cash management sector is expected to lead the secure logistics market by application and to maintain its dominance during the forecast period. By type, the static segment is expected to register largest market share throughout the forecast period. Moreover, Europe is expected to dominate the market in terms of region. The increased use of ATMs in emerging economies, along with rising ATM penetration, is expected to support regional growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 90.23 Billion |
Market size value in 2032 | USD 197.58 Billion |
Growth Rate | 9.10% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Secure Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Secure Logistics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Secure Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Secure Logistics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20R2016
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