Secure logistics Industry Expanding Growth Driven By Growing E-commerce Industry

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Table of Content

The global secure logistics industry size will attain around USD 168.98 billion by 2032 from valued at USD 81.37 billion in 2022, it is growing at a remarkable CAGR of 7.58% throughout the projection period 2023 to 2032.

The secure logistics industry growth is driven by the growing e-commerce industry, the growing penetration of mobile payments & online banking, and the technological improvements with a skilled workforce.

Logistics and security operations are typically designed to facilitate the safe management and transportation of people, goods and services, technology, and other assets from their point of start to their final location. In some cases, fixed locations can employ comparable strategies. Modern computer systems are required for this process. Secure operations are beneficial for cash administration. The cash transportation network includes the physical movement of cash from one location to another. Among the services offered are secure cash operations, secured cash transport, bank ATM services, jewels transportation, and management systems.

Regional Snapshot:

Europe is expected to dominate the industry during the forecast period. Regional development is anticipated to be boosted by the rising use of ATMs worldwide and in emerging countries. A wide variety of safe logistics possibilities are made possible by the increased trade and cash flow among European nations.

The Asia Pacific is expected to grow at the highest CAGR during the forecast period due to factors like escalating ATM demand, the growth of financial institutions, and growing freight theft.

North America is expected to grow at a significant rate over the forecast period due to the prevalence of cash interactions and the preferred method of payment by consumers. However, the North American industry suffered sizable economic losses in the first two quarters of 2020 as a result of the high number of COVID-19 instances, particularly in the U.S. The slowdown in economic development had a direct effect on the logistics supply network in the region. However, players in the logistics and supply-chain business place a significant stress on digital technologies in order to deal with losses and sustain commercial operations. A number of transportation companies are focusing their efforts on seizing hiring chances and making investments in digital technologies. This is anticipated to fuel the North American logistics supply chain industry's digitization.

Secure Logistics Industry Report Scope:

Report Highlights:

• By type, the static segment is expected to dominate the industry during the forecast period. Mandated officers of the static variety are hired for security reasons. The security of the logistics transit is aided by the security officers posted at different locations. Several companies in the industry offer guarding services. Specialized logistics security solutions are provided by these businesses with the goals of identifying security lapses, minimizing cargo loss & damage, and preventing theft. On the other hand, the mobile segment is expected to grow at the highest CAGR during the forecast period. The rapid development of safe trip administration services is responsible for this expansion. Vehicles with electronic defenses and radio and satellite transmission devices are available from the suppliers. Financial organizations use electronic safes mainly to cut down on management downtime. To offer a broad range of electronic safe services of different capacities, service companies collaborate with a number of safe makers.
• By application, the cash management segment is expected to dominate the industry during the forecast period. This increase is ascribed to the emerging nations' quickly expanding ATM penetration. ATM services, currency processing, and cash-in transportation are all included in the cash management sector. Picking up money from the banks and delivering it to the specified cash points, like ATMs, is known as cash-in-transit. The service providers carry valuables in armored vehicles, which lowers risks and boosts security by lowering the likelihood of theft. The transporters are subject to municipal, state, and federal regulations and provide ATM services in addition to the conventional cash-in-transit service. The Ministry of Justice, the Ministry of the Interior, and the Police are the regulatory agencies for this sector. The main objective of the industry participants is the creation of new and effective products. For instance, Prosegur and Forética, a major player in corporate social responsibility and sustainability in Spain, signed a collaboration deal in 2022 to create partnerships that will hasten the shift to a sustainable business model.

Market Dynamics:

Drivers:

Growing BFSI sector in emerging economies

The recent liberalization of financial services and developments in technology have had a major impact on the global banking industry. In emerging countries, banking has historically been a very protected sector with controlled assets and stringent entry standards for both domestic and international investors. But as macroeconomic pressures and technical advancements in the banking sector increased, local players were compelled to make their industry places more open to outside competitors.

There are high expectations for significant foreign direct investment in the BRICS countries, which include Brazil, Russia, India, China, and South Africa. (FDI). A number of variables, including an increase in the number of youthful customers, a rising skilled labor force, and increased globalization, are responsible for the BFSI sector's growth in emerging countries.

Restraint:

Increasing usage of payments from mobile

The way we make payments is changing as a result of technological developments like NFC, EMV processors, and other wireless devices. Due to the availability of better data and payment systems, this change offers a significant chance for mobile commerce. Online smartphone commerce is becoming more and more common due to an expanding customer base.

The industry for mobile payments is anticipated to be driven by the rise of mobile devices like Apple Pay, Google Pay, and Samsung Pay. Point-of-sale systems that take mobile payments as well as incentives like loyalty programs and promos are being extensively used to draw in new users. As a result, more and more individuals are using digital payments instead of currency. Over the course of the projection term, however, this trend is anticipated to limit industrial development.

Opportunities:

Increasing cash-in-transit heists as well as theft of freight

Over the past ten years, robberies and heists involving global operations have steadily increased. For instance, until February 2020, South Africa had at least one Cash-In-Transit (CIT) heist, with 35 such heists being recorded nationally and 21 in Gauteng alone. On-road thefts are on the increase in cities like Cape Town and Boksburg, which is worrying consumers from a variety of sectors, including banking, retail, and valuable metals, while they are traveling. 

These businesses still suffer losses from larceny despite carrying out their logistics operations, frequently as a result of insufficient security employees and antiquated technology. As a result, there is a rising need for trustworthy transportation services to handle these security concerns. Armored cars, cross-border transport, staffed security, ATM administration, secure storage, cash-in-transit, and replenishment are just a few of the contracting services that secure transportation companies provide.

In order to reduce the dangers of theft and other breaches of security during the shipping and management of products and assets, businesses are increasingly concentrating on safe logistics services.

Recent Developments: 

• In May 2022, the global leader in total cash management, route-based secure transportation, and payment solutions, Brink's, has revealed a collaboration with METACO, the top supplier of security-critical software and infrastructure to the digital asset ecosystem. Brinks utilizes its globally renowned secure logistics knowledge and extensive global network of vault sites to expand METACO's institutional digital asset custody services into the physical world. With the help of these capabilities, financial institutions are given an unrivaled, completely dispersed, separated catastrophe recovery option for vital private key recovery backups.
• In August 2022, Attenti Group, one of the top electronic surveillance businesses in the world, has been strategically acquired by Allied Universal®, the top worldwide provider of security and facility services. As a result, Attenti and G4S surveillance Technologies can combine to form the world's leading provider of electronic surveillance systems. With over $160 million in combined revenue and activities in 35 nations, the new business will give customers access to cutting-edge technological innovation as well as even deeper levels of knowledge and support. This purchase expands the reach of the electronic monitoring industry globally and creates an excellent foundation for further expansion in North America, the region with the greatest potential for electronic monitoring.

Major Key Players:

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

Market Segmentation:

By Type

• Static
• Mobile

By Application

• Cash Management
• Diamonds, Jewelry & Precious Metals
• Manufacturing
• Others

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