Secure Logistics Industry Overview
The global secure logistics market size was valued at USD 73.10 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. This is owing to the increasing money circulation across the globe. The rising security concerns among corporates and banks have increased the requirement for secure movement and management services for currency. The European Union has established a structure for overcoming the constraints and facilitating the mobility of production factors, which include land, labor, and capital. The banking industry across the globe is transforming owing to the changes in technical innovation and deregulation of financial services.
Banking in emerging economies is traditionally a highly protected industry having regulated deposits and restrictions for domestic and foreign entry. However, technological advancements and macroeconomic pressures have forced the banking industry to open up the market to foreign competition. BRICS countries are also expected to have a large inflow of Foreign Direct Investments (FDIs) among other emerging economies. The growing skilled labor force, rapid globalization, and a rise in the number of young consumers have acted as the driving factors in these regions.
Gather more insights about the market drivers, restraints, and growth of the Global Secure Logistics Market
In addition, the increasing number of High Net-worth Individuals (HNIs) and the growing need for wealth management services are expected to influence the growth of the banking sector in the emerging market. High net-worth individuals will invest in cash deposits, real estate, debt portfolios, and equities. The State Bank of India (SBI), for instance, is focusing on wealth management, retail banking, and personal banking services.
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Connected Logistics Market - The global connected logistics market size was valued at USD 26.34 billion in 2021, and is expected to expand at a compound annual growth rate (CAGR) of 13.9 % from 2022 to 2030.
Retail Logistics Market - The global retail logistics market size was valued at USD 227.61 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2022 to 2030.
Secure Logistics Industry Segmentation
Grand View Research has segmented the global secure logistics market on the basis of application, type, and region:
Secure Logistics Application Outlook (Revenue, USD Billion, 2017 - 2030)
- Cash Management
- Diamonds, Jewelry & Precious Metals
- Manufacturing
- Others
Secure Logistics Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Static
- Mobility
Secure Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA (Middle East & Africa)
Market Share Insights:
January 2019: Brink’s Inc. completed the acquisition of Rodoban (Brazil), a provider of cash-in-transit services, money processing, and ATM services. Rodoban’s primary customers are from southeastern Brazil. Therefore, this acquisition helped Brink’s to increase its route density and expand its service reach.
Key Companies profiled:
Some prominent players in the global Secure Logistics Industry include
- Brink’s Incorporated
- CargoGuard
- CMS Info Systems (CMS)
- G4S Limited
- GardaWorld
- Lemuir Group
- Loomis AB
- Maltacourt
- PlanITROI, Inc.
- Prosegur
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