Secure Logistics Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Automotive & Transportation
Report Code - OMR-AT-135
Format: PDF, PPT, and Excel
Secure Logistics Market to Grow with a CAGR of 7.5% During 2023-2030; Market to Grow Due to Expanding Banking Sector Combined with Increasing Thefts
Safe logistics increased workers' confidence in the safety system and punctual performance while satisfying their customers' needs. Because of the expensive and time-sensitive nature of commodities, the demand for secure transportation rises. Logistics security involves safeguarding products, supplies, and sensitive information throughout the supply chain's journey.
While the expanding e-commerce industry unquestionably stimulates development in last-mile logistics and related fields, it nevertheless confronts substantial hurdles, like the Covid-19 dilemma, a lack of trained labor, and the rapid expansion of technology.
Key Takeaways of the Secure Logistics Market
By Type
Static secure logistics will accommodate the largest market share during the forecast period. The static kind of security guards is staffed to offer protection. The logistical movement is safer due to the strategically placed security personnel. Many security firms service the sector.
By Region
Europe will accumulate the most lucrative pathway for generating the maximum revenue during the forecast period. The broad availability and expanding popularity of automated teller machines (ATMs) in emerging nations should stimulate economic growth. The rising movement of capital and investments in European trade shows a growing demand for secure logistics services.
Expanding Banking Sector Combined with Increasing Number of HNIs to Propel Market Growth
Passenger safety awareness is increasing due to strict regulations imposed by international governing. Banks in underdeveloped nations are often insulated from competition by deposit limitations and other entrance hurdles. Yet, technological advancements and macroeconomic circumstances prompted the banking sector to open the market to worldwide competition. Forecasts indicate foreign direct investments (FDIs) will flood emerging markets like the BRICS nations.
Increasing Thefts to Accelerate Market Growth
In the past decade, thefts and heists involving logistics have increased. South Africa, for example, has seen at least one Cash-In-Transit (CIT) heist as of February 2020. Nationwide, 35 CIT thefts have been reported, with 21 occurring in Gauteng alone. There have been reports of increased highway robberies in the region, notably in Cape Town and Boksburg. Theft and other security breaches during the transportation and handling of products and assets are increasing for businesses, resulting in a trend toward a greater emphasis on safe logistics services.
Global Secure Logistics Market Prominent Players
• CargoGuard (Germany)
• G4S Limited (London)
• Brink’s Incorporated (U.S.)
• Lemuir Group (India)
• Loomis AB (Sweden)
• CMS Info Systems (CMS) (India)
• Maltacourt (U.K.)
• Allied Universal (U.S.)
• Securitas AB (Sweden)
• PlanITROI, Inc. (U.S.)
• Zegmax Logistics (India)
• Garda World (Canada)
Report Scope for Secure Logistics Market
Type
• Static
• Mobile
Application
• Cash Management
• Diamonds, Jewelry, & Precious Metals
• Manufacturing
• Others
Secure Logistics Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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