USD 72.18 billion
Global Secure Logistics Market Size, Share, Growth Analysis, By Type(Static, Mobile), By Application(Cash Management; Diamonds, Jewellery & Precious Metals; Manufacturing; Others) - Industry Forecast 2024-2031
Report ID:
SQMIG20R2016 |
Region:
Global |
Published Date: April, 2024
Pages:
242
|
Tables:
61 |
Figures:
74
Global Secure Logistics Market Insights
Secure Logistics Market size was valued at USD 72.18 billion in 2019 and is poised to grow from USD 78.6 billion in 2023 to USD 169.32 billion by 2031, growing at a CAGR of 8.9% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Static
Fastest Growth
Static
Growth Rate
8.9% CAGR
Global Secure Logistics Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Secure Logistics Market Size by Type, 2021-2028 ($ Bn)
Global Secure Logistics Market Size by Type, 2021-2028 (%)
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Global Secure Logistics Market Segmental Analysis
The Global Secure Logistics Market is segmented on the basis of type, application, and region. Based on type, the Secure Logistics Market is segmented into Static, Mobile. Based on organization size, the Secure Logistics Market is segmented into Cash Management; Diamonds, Jewellery & Precious Metals; Manufacturing; Others. Based on region, the Secure Logistics Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
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.
Global Secure Logistics Market By Type, 2021 (%), 2023 (%)
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Global Secure Logistics Market Regional Insights
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.
Global Secure Logistics Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Secure Logistics Market Dynamics
Secure Logistics Market Driver
- Cash-in-transit services are exploding in emerging markets, particularly in APAC. China and India are the fastest-growing secure logistics markets for cash-in-transit services. The increasing number of ATMs, particularly in developing nations, is a primary driving factor for the rise of cash services. The market in emerging nations such as India, Indonesia, and Morocco, where cash accounts for more than 80% of transactions, is surging. The annual rate of reduction in cash transactions is marginal, enabling substantial growth potential in the logistics industry and for companies operating in the industry.
- The demand for secure transits grew in popularity among worldwide large-scale retailers. Increasing security concerns and the protection of intellectual property of cutting-edge technology utilized by manufacturers are predicted to be key main drivers driving the market in emerging economies. The growing demand for high-end electronics, as well as huge expenditures in large-scale machinery, has propelled the APAC and European secure logistics markets.
Secure Logistics Market Challange
- The European secure logistics market has reached maturity. In 2019, the industrial surge with high-end developments in the manufacturing sector enhanced the growth potential for secured transportation services in Europe dramatically. The increasing rate of cash circulation and trade investments among European countries creates a plethora of secure logistics opportunities. However, the market is currently being severely impacted by the onset of the COVID epidemic. Trade policies between countries, as well as Brexit difficulties, will have a significant impact on secure logistics market shares in the future years.
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Global Secure Logistics Market Competitive Landscape
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
- Brinks
- Loomis
- G4S plc
- Prosegur Compañía de Seguridad, S.A.
- GardaWorld Corporation
- Securitas AB
- CMS Infosystems Pvt. Ltd.
- SIS Prosegur Holdings Pvt. Ltd.
- Lemuir Group
- Cash Logistics Security AG (CLS)
- Nokas AS
- SBV Services (Pty) Ltd.
- Security & Intelligence Services (India) Limited (SIS)
- Lincor Solutions Pvt. Ltd.
- Surelock Security Pvt. Ltd.
- Paragon Security & Allied Services Pvt. Ltd.
- Gunnebo AB
- LGS Global Ltd.
- Vaultex UK Ltd.
Secure Logistics Market Recent Developments
- In May 2022, METACO announced a partnership with Brink’s. Brink's brings METACO's institutional digital asset custody services into the real world with its globally known secure logistics expertise and worldwide network of vault sites.
- In May 2022, Allied Universal acquired South Carolina-Based American Security. Allied Universal, provides proactive security services and cutting-edge smart technology to deliver tailored, integrated security solutions that allow clients to focus on their core business.
- In January 2022, Norred & Associates, Inc. was acquired by Allied Universal. Norred & Associates, Inc provides value added services for our clients and offers local support with national resources.
Global Secure Logistics Key Market Trends
- Since the onset of the COVID epidemic, the financial sector has seen a significant slowdown in its operations and has been severely impacted. Financial markets, namely in the Americas, APAC, and Europe, were whipsawed between February and April 2020. Due to shutdowns and a slowing economy, debt payments in Europe may come to a halt, leaving banks in the lurch. Banks in India and China are expected to see a 1.9% and 2% increase in non-performing assets ratios, respectively, in 2020. The credit quality of APAC financial institutions is projected to suffer as a result of the Covid-19 pandemic. It is anticipated that the region will have $1.4 trillion in non-performing assets and $440 billion in additional credit charges by the end of 2020.
Global Secure Logistics Market SkyQuest Analysis
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 72.18 billion |
| Market size value in 2031 | USD 169.32 billion |
| Growth Rate | 8.9% |
| Forecast period | 2024-2031 |
| 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:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Secure Logistics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Secure Logistics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Secure Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Secure Logistics Market Report Snapshots
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