Secure Logistics Market - Global Outlook and Forecast 2020-2025

Secure Logistics Market - Global Outlook and Forecast 2020-2025

  • September 2020 •
  • 219 pages •
  • Report ID: 5975840 •
  • Format: PDF
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Secure Logistics Market Report

The global secure logistics market by revenue is expected to grow at a CAGR of over 5% during the period 2019–2025.

The global secure logistics market size by revenue is likely to cross over $20 billion by 2020. The global market is dominated by cash-in-transit services. The industry has witnessed the growing adoption of new technology in logistics industry by major secure logistics market players to ensure the safety and security of cash-in-transit vehicles. The demand increased for services such as cash pick-up & delivery, intercity bulk cash movement, and ATM cash management. This is expected to contribute to the growth of the cash supply services in the APAC region with a significant upsurge in secure logistics services during the forecast period.

Since the outbreak of the COVID pandemic, the banking sector worldwide has witnessed a slowdown in their activities and has majorly affected. The pandemic has jolted the financial market. Between February 2020 and April 2020, financial markets mainly from the Americas, APAC, and Europe have been whipsawed. Due to shutdowns and income slowdown, the repayment of loans in Europe may cease leaving the banks dry. Banks in India and China are likely to witness a spike in the non-performing assets ratio by 1.9% and 2%, respectively, in 2020. The Covid-19 crisis is expected to weigh on the credit quality of APAC financial institutions. It was estimated that the region is likely to hit $1.4 trillion in non-performing assets and additional credit costs of about $440 billion by the end of 2020.

The following factors are likely to contribute to the growth of the secure logistics market during the forecast period:

• Increasing Demand for ATMs Among Emerging Countries
• Growing Cash Demand in Emerging Economies
• Increased Number of High Technology Based Vehicles
• Emergence of IoT connecting Devices

The study considers the present scenario of the global secure logistics market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Secure Logistics Market Segmentation
The global secure logistics market research report includes a detailed segmentation by service type, end-user, and geography. Cash-in-transit services are experiencing exponential growth in emerging countries, especially in APAC. China and India are the fastest-growing segments for cash-in-transit services. The increasing ATMs mainly in developing economies is the major driving factor for the growth of cash services. The market in emerging countries, which include India, Indonesia, and Morocco, where cash accounts for more than 80% of transactions, is growing. The annual rate of decline in cash transactions is marginal, providing high growth opportunities in logistics industry and for the companies operating in the industry.

Globally, the recent developments in international logistics is increasing level of transactions in point of sale (POS) and withdrawal activities in ATMs, especially in rural markets in emerging countries, is expected to fuel the demand for secure logistics in financial institutions. In 2019, increasing urbanization and access to technology that is observed with 72% of account holders increase the level of transactions in POS and withdrawal activities in ATMs. The demand for secure transit in financial institutions holds a major portion on the global scale. The growth in investment banking and financial institutions globally was a mixed bag in 2019. Global deposit growth over the year between 2015 and 2019 remained relatively flat, with a modest growth of approximately 1.5% in 2019.

The demand for secure transits gained its popularity in global large-scale retailers in 2019. Increasing security concerns and protection of intellectual properties of the state-of-the-art technology that is used by manufacturers are expected to be key major drivers, which are expected to drive the market in emerging economies. The growing demand for premium gadgets and high investments in large-scale machinery has been driving the secure logistics market in APAC and Europe.

Segmentation by Service Type
• Cash Services
• Security Services
Segmentation by End-users
• Financial Institutions
• Retailers
• Government
• Others

INSIGHTS BY GEOGRAPHY
The secure logistics market in Europe is in the mature stage. Industrial surge with high-end innovations in the manufacturing sector increased the growth potential for secured transit services in Europe significantly in 2019. The increasing rate of cash circulations and trade investments among European countries provides ample secure logistics opportunities. However, the market is currently is affected majorly due to the outbreak of the COVID pandemic. Trade policies among countries, Brexit issues majorly affect the secure logistics market shares in the upcoming years. Few countries such as Italy, the Netherlands, and Spain are focusing on reducing the number of ATMs and bank branches to overcome the high operational cost, thereby developing electronic payment systems. Several initiatives taken by government agencies of emerging and developed countries to promote digital payments had lowered the operation of secure logistics in cash circulation significantly in 2019. However, the retail business is expected to be promising post-pandemic, developing ample growth opportunities for future trends in logistics market.

Segmentation by Geography
• APAC
o China
o Japan
o Australia & New Zealand
o India
o South Korea
o Malaysia
• Europe
o UK
o France
o Netherlands
o Germany
o Italy
o Spain
• North America
o US
o Canada
• Middle East & Africa
o Saudi Arabia
o UAE
o Turkey
o South Africa
o Iran
• Latin America
o Brazil
o Mexico
o Argentina

INSIGHTS BY VENDORS
The global secure logistics market is highly competitive due to the presence of several global, regional, and local players. The majority share of the market is captured by global players including Brink’s, G4S, Garda World, Loomis, and Prosegur. To maintain a competitive advantage with other players in the market, global players are focusing on inorganic growth strategies, developing differentiated services by making high-value investments in technology. In addition, the threat of new entrants in the industry is low due to the high regulatory compliance and the client’s preference toward well-established companies. Therefore, high competition is witnessed among major players for global secure logistics companies.

Prominent Vendors
• Brinks
• G4S
• Loomis
• Securitas
• Garda World
• Prosegur
• Allied Universal
• CMS
• Knoxshield Security Logistics
• Zegmax Logistics
• TB Forte
• Cash Logistik Security
• Rodoban
• Armaguard
• Global Security Logistics

Other Prominent Vendors
• APSG
• A&D Medical
• Alhamrani Universal
• Kotter
• ABANA
• Secure Value
• Secure Cash
• Oliva & Associates
• Radiant Cash Management Services
• Logicash
• Trablisa

Key Questions Answered
1. What is the secure logistics market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the global secure logistics market shares?
3. Which service type/end-users/region is generating the largest revenue in the Europe region?
4. Who are the leading vendors in secure logistics market, and what are their market share?
5. What is the impact of the COVID-19 pandemic on the secure logistics market?
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