The secure logistics market size is projected to reach US$ 84.39 billion by 2031 from US$ 56.12 billion in 2023. The market is expected to register a CAGR of 5.2% during 2023–2031. The development of banking and financial institutions and infrastructure in emerging economies is likely to remain a key trend in the market.
The key stakeholders in the secure logistics market ecosystem include technology solution providers, secure logistics service providers, and end users. The technology solution providers include connected devices or other hardware manufacturers and software developers. The increase in the number of technology solution providers is critically driving the digitization in the logistics supply chain. Security logistic services demand is expected to increase post-COVID due to the rapid growth and expansion of banking and financial establishments g. Security is alobally crucial factor in the secure logistics supply chain. The regulators and organizations are working together to secure the logistics supply chain further while ensuring the flow of commerce.
The secure logistics service providers take services from technology solution providers. The demand for digital logistics hardware and software has been peaking at a decent rate over the years, owing to the requirement to streamline the logistics supply chain process and their security purposes. With the growing technological developments in the security aspects of logistic shipping, the demand for a secure logistics market is increasing. Some of the secure logistics market players include Brink's Incorporated, GardaWorld, G4S Limited, Secure Logistics LLC, Prosegur Compañía de Seguridad, S.A, Serco Group Plc, Securitas AB, Loomis AB, SIS LIMITED, and Maltacourt Ltd among others. These mentioned companies provide end-to-end secure logistics services to target end users from banking and financial institutions, manufacturing & construction sectors, and jewellery businesses, among others.
Manufacturers of ATM equipment are emphasizing more on product innovation and the incorporation of advanced technologies as market knowledge grows. Self-service ATMs are an illustration of a modern technology that combrings together various functions into a single comprehensive device. This factor is broadly steering the development of the secure logistics market growth, which is anticipated to continue over the coming years.
Businesses across the supply chain are now mandatory to effortlessly respond to shipment, forecast consumers' buying patterns, offer on-time deliveries through the most well-organized routes obtainable, and remove the risks of inventory faults and inaccuracies. In addition, companies can now analyze machine behavior samples, which allows them to spot irregularities. This helps to speed up delivery and lower on waste, which is estimated to propel the incorporation of big data and predictive analytics in the logistics sector.
Key segments that contributed to the derivation of the secure logistics market analysis are type and application.
The geographic scope of the secure logistics market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The scope of the secure logistics market report encompasses North America (the US, Canada, and Mexico), Europe (Russia, the UK, France, Germany, Italy, and the Rest of Europe), Asia Pacific (South Korea, India, Australia, Japan, China, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Argentina, Brazil, and the Rest of South & Central America). In terms of revenue, Asia Pacific dominated the secure logistics market share in 2023. North America is the second-largest contributor to the global secure logistics market, followed by Europe.
The regional trends and factors influencing the Secure Logistics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Secure Logistics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 56.12Billion |
| Market Size by 2031 | US$ 84.39 Billion |
| Global CAGR (2023 - 2031) | 5.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Secure Logistics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Secure Logistics Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The secure logistics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the secure logistics market are listed below:
The “Secure Logistics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
Asia Pacific dominated the secure logistics market in 2023.
The expansion of banking and financial institutions and infrastructure in emerging economies is the future trend of the secure logistics market.
Brink's Incorporated, G4S Limited, GardaWorld, Secure Logistics LLC, Prosegur Compañía de Seguridad, S.A, Serco Group Plc, Securitas AB, SIS LIMITED, Loomis AB, Maltacourt Ltd are some of the leading players in the market.
US$ 84.39 billion estimated value of the secure logistics market by 2031.
5.2% is the expected CAGR of the secure logistics market.