The global secure logistics market size reached US$ 77.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 117.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.02% during 2023-2028.
Secure logistics refers to a comprehensive security system used for safeguarding warehouses, storage and manufacturing units. It offers remote monitoring of the entire supply chain process with minimal disruptions to improve the overall efficiency of the organization. It consists of high-security infrastructure with centrally located storage facilities that provide flexible access through multiple locations and long-term and in-transit solutions to manage high-value commodities. As a result, it is deployed across industries for the supervision of assets, project management, cost estimation, procurement, issuance, inventory management and logistics management.
Secure Logistics Market Trends:
The increasing utilization of transportation management systems (TMS) across the globe represents one of the key factors driving the growth of the market. The TMS utilizes secure logistics to process shipments and maintain transparency of operations. Furthermore, the growing demand for precious metals and diamonds for jewelry and other applications is providing a thrust to the market growth. Security logistics is used for the monitoring of consignments with tracking codes and providing customer support in case of any unprecedented delays. In line with this, significant growth in the banking, financial services and insurance (BFSI) industry, in confluence with increasing digitization across various other industries, is acting as another growth-inducing factor. Banking in both the emerging and developed economies is a highly protected sector that requires constant supervision on monetary and virtual deposits and domestic and foreign transactions. Secure logistics are used for effective wealth management, regulation of cash circulation and personal and retail banking. Other factors, including the widespread adoption of outsourced security services, along with an increasing preference for digital payment methods across industries, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global secure logisticsmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, service type, application and end user.
Breakup by Type:
Breakup by Service Type:
Breakup by Application:
Jewelry and Precious Metal
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allied Universal (Caisse de dépôt et placement du Québec), Brink's Company, GardaWorld Corporation, Lemuir Group, Loomis, Maltacourt Ltd, PlanITROI Inc, Prosegur Cash (Prosegur Compañía de Seguridad, S.A), Secure Logistics LLC., Securitas AB, Serco Group plc and SIS Group Enterprise.
Base Year of the Analysis
Type, Service Type, Application, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Allied Universal (Caisse de dépôt et placement du Québec), Brink's Company, GardaWorld Corporation, Lemuir Group, Loomis, Maltacourt Ltd, PlanITROI Inc, Prosegur Cash (Prosegur Compañía de Seguridad, S.A), Secure Logistics LLC., Securitas AB, Serco Group plc and SIS Group Enterprise
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Key Questions Answered in This Report
The global secure logistics market was valued at US$ 77.4 Billion in 2022.
We expect the global secure logistics market to exhibit a CAGR of 7.02% during 2023-2028.
The increasing trend of digitization, along with the rising adoption of secure logistics system, as it assists service providers in calculating the inventory needs and planning an effective strategy to fulfill customer demands, is primarily driving the global secure logistics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary restrictions on intra- and inter-national travel activities, thereby negatively impacting the global market for secure logistics.
Based on the type, the global secure logistics market has been segmented into static and mobile. Currently, static holds the majority of the total market share.
Based on the application, the global secure logistics market can be divided into cash management, diamonds, jewelry and precious metal, manufacturing, and others. Among these, cash management currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global secure logistics market include Allied Universal (Caisse de dépôt et placement du Québec), Brink's Company, GardaWorld Corporation, Lemuir Group, Loomis, Maltacourt Ltd, PlanITROI Inc, Prosegur Cash (Prosegur Compañía de Seguridad, S.A), Secure Logistics LLC., Securitas AB, Serco Group plc, and SIS Group Enterprise.
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