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.
Secure Logistics Market Analysis
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.
Secure Logistics Market Overview
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.
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Secure Logistics Market: Strategic Insights
Market Size Value in US$ 47.25 billion in 2021 Market Size Value by US$ 75.64 billion by 2028 Growth rate CAGR of 7.0% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2020
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Secure Logistics Market: Strategic Insights
| Market Size Value in | US$ 47.25 billion in 2021 |
| Market Size Value by | US$ 75.64 billion by 2028 |
| Growth rate | CAGR of 7.0% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2020 |
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Secure Logistics Market Drivers and Opportunities
Growing Proliferation of ATMs to Favor Market
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.
Incorporation of Big Data and Predictive Analytics
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.
Secure Logistics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the secure logistics market analysis are type and application.
- Based on type, the secure logistics market is divided into static and mobile. The mobile segment held a larger market share in 2023.
- Based on application, the secure logistics market is divided into cash management, jewellery and precious metals, manufacturing, and others. The cash management segment held a larger market share in 2023.
Secure Logistics Market Share Analysis by Geography
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.
Secure Logistics Market Report Scope
Secure Logistics Market News and Recent Developments
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:
- 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 armored 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. (Source: GardaWorld, Press Release, March 2021)
- Prosegur has signed an agreement to become a partner of Forética, the leading organization 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. (Source: Prosegur, Press Release, October 2021)
Secure Logistics Market Report Coverage and Deliverables
The “Secure Logistics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Secure logistics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Secure logistics market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Secure logistics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the secure logistics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Czech Republic, Denmark, Finland, France, Germany, India, Italy, Japan, Mexico, Norway, Portugal, Russian Federation, Saudi Arabia, Slovakia, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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