Security operations and logistics are generally intended to make the secure management and movement of people, commodities and services, information, and other resources between a point of origin and its final destination easier. These similar techniques can be used in fixed locations in some cases. This procedure necessitates the employment of advanced technology and software. Cash management is benefiting from secure logistics. Physical cash transit from one location to another is part of the cash logistics process. It offers a variety of services, including secure cash services, guarded cash transportation, bank ATM services, valuables transportation, and management services.
Equinix, Digital Realty, Cyxtera, CoreSite, and CyrusOne – Prominent Market Participants in Secure logistics Market
The rising global money circulation is driving the secure logistics industry. The demand for secure cash transportation and management services has increased as corporate and institutional security concerns have grown. Key secure logistics industry participants have been increasingly employing innovative technology in the logistics business to protect the safety and security of cash-in-transit vehicles. Cash pick-up and delivery, intercity bulk cash transfer, and ATM cash management are all in high demand. Furthermore, market growth is bolstered by an increase in digital payments and the growing popularity of electronic and mobile payment methods around the world. Recent advancements in international logistics are projected to enhance demand for safe logistics in financial institutions by increasing the number of transactions at point of sale (POS) and withdrawal activity at ATMs, particularly in emerging market rural markets. According to 72 percent of account holders, increased urbanization and access to technology would increase the amount of POS transactions and ATM withdrawals in 2019. The requirement for secure travel in financial institutions is essential on a global scale. The growing use of mobile payments and online banking, on the other hand, is anticipated to hinder industry growth.
Allied Universal, BRINK’S INCORPORATED, G4S Limited, GardaWorld, SECURE LOGISTICS LLC, Prosegur, SERCO GROUP PLC, Securitas AB, SIS LIMITED, and LOOMIS AB are the five key market players operating in the global secure logistics market. The secure logistics market is highly fragmented and competitive due to occurrence of huge number of small scale and medium scale manufacturers in both developed and developing economies. The top 5 market players are majorly focusing on various organic and inorganic growth strategies to survive in the secure logistics market. Such as, innovation of new technologies to offer enhanced product portfolios to the customers, merger and acquisitions, and expansion strategies.
The global secure logistics market is segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into static and mobile. The increasing advancements in the safe travel management services, the mobile type is expected to portray the highest growth rate over the forecast period. Based on the application, the secure logistics market is segmented into cash management, jewellery and precious metals, manufacturing, and others. The growing cash and ATMs demand in emerging economies is encouraging the implementation of secure logistics. Further, on the basis of geography, the secure logistics market is primarily segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Surge in the adoption of secure logistics in the UK, Germany, and Switzerland is bolstering the growth of the market in Europe.
Most of the market initiatives were observed in North America and Europe regions, which have a high potential of secure logistics providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2021 | Prosegur has signed an agreement to become a partner of Forética, the leading organisation in sustainability and corporate social responsibility in Spain, with the aim of continuing to develop alliances that help to accelerate the transition process towards a more sustainable model. | Europe |
| 2021 | GardaWorld Cash Services, North America’s leading cash management service provider, has announced that phase one of its next-generation high-tech and high-security armoured car fleet in North America, developed in collaboration with Roshel Smart Armored Vehicles, North America’s leading manufacturer of innovative cash-in-transit vehicles, has been completed. | North America |
