Secure Logistics Industry Overview
The global secure logistics market size is anticipated to reach USD 153.44 billion by 2030, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. ATMs play a vital role in maintaining the core banking touchpoint with consumers. Initially, ATMs were introduced to reduce congestion in branches. However, the types of services provided at ATMs have expanded significantly. The increasing trend of introducing cash recycling ATMs is likely to accelerate the ATM market growth. Economic size and population density have a positive impact on the financial sector. The densely populated countries have a higher ATM penetration and higher geographic branch.
The transport companies are operating under increasing financial challenges, including fuel prices and various natural disasters. The transport companies are experiencing low-profit margins that enabled industries to have repeated business from a satisfied customers. The lack of appropriate security personnel, coupled with the lack of appropriate training, would delay the detection of stolen freight and incur more losses to firms. Transport security encompasses maritime, aviation, air cargo supply chain, and mass passenger transport system.The transport industry players are acting as transnational companies, offering international freight services across the globe.
This increased the risk of terrorist activities seeking to cause mass casualties and economic damages. In Australia, the air cargo supply chain security is regulated under the Aviation Transport Security Regulations 2005 and Aviation Transport Security Act 2004. The lack of law targeting organized theft of freight is expected to restrain the industry growth over the forecast period.Though the majority of companies have implemented up-to-date technologies to track goods over the Internet, they still suffer losses through theft or compliance owing to various reasons including laziness and lack of time for the employees. Companies are providing training for contractors and employees about freight handling and risk analysis to reduce shrinkage.
Secure Logistics Market Segmentation
Grand View Research has segmented the global secure logistics market on the basis of application, type, and region:
Based on the Application, the market is segmented into Cash Management, Diamonds, Jewelry Precious Metals, Manufacturing, and Others.
- The others application segment includes retail and public infrastructure. The cash management segment led the industry in 2022 and accounted for the largest revenue share of more than 55.6%. The segment is expected to remain dominant even during the forecast period.
- The carriers offer Automated Teller Machine(ATM) services in conjunction with the traditional cash-in-transit service and are regulated by regional, national, and local legislation. The responsible authorities for the industry include the Ministry of Justice, the Ministry of Interior, and the Police.
Based on the Type, the market is segmented into Static, and Mobile.
- The segment is expected to remain dominant throughout the forecast period. For security purposes, manned guards are employed in the static type. The security guards stationed at various points aid in the logistics transportation’s security. For the market, several players provide guarding services.
- The mobile type segment, on the other hand, is expected to register the fastest growth rate during the forecast period. This growth can be attributed to the increasing advancements in secure journey management services. The providers offer vehicles with electronic countermeasures as well as radio and satellite communication systems.
Key Companies Market Share Insights
In developed economies, service providers offer the analysis of currency flow and forecast the amount of money necessary for different ATMs. Industry players are adopting MA to enhance their product portfolio and expand their global presence to achieve economies of scale.For instance, in May 2022, Brink’s Incorporated partnered with Metaco, a Swiss-basedcryptocurrency custody firm, to develop physical disaster recovery solution for safeguarding private cryptocurrency key. The physical backups are offered to the users in the form of smartcards. Some prominent players in the global secure logistics market include:
- Brink’s Incorporated
- CargoGuard
- CMS Info Systems (CMS)
- G4S Limited
- GardaWorld
- Lemuir Group
- Loomis AB
- Maltacourt
- PlanITROI, Inc.
- Prosegur
- Allied Universal
- Securitas AB
Order a free sample PDF of the Secure Logistics Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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