Secure logistics provide secure transportation of goods and valuables through integrated communication networks. Secure logistics ensures safety of goods by leveraging real-time tracking, armed guards and regular inventory checks.
Market key trends:
Secure communication networks played a key role in accelerating growth of the secure logistics market. Major secure logistics companies integrated advanced communication technologies like GPS tracking, video surveillance, biometrics and RFID to monitor transportation of goods in real-time. Secure communication networks provide end-to-end visibility to customers and help companies optimize routes for timely and secure delivery. Adoption of emerging technologies in logistics is expected to enhance security features and fuel market growth over the forecast period.
Segment Analysis
The global secure logistics market is dominated by the Cash-in-transit segment. This segment accounted for over 35% of the total market share in 2022. Cash-in-transit involves physically transferring banknotes, coins, valuables, and documents from one location to other such as banks, ATMs, and other commercial destinations. The cash-in-transit segment is dominating due to large amount of cash transaction volumes across the retail sector that requires securelogistic services.
Key Takeaways
The Global Secure Logistics Market Size is expected to witness high growth over the forecast period. The market is anticipated to grow at a CAGR of 7.3% during 2023-2030 driven by increasing cash transactions volumes globally along with rising concerns over security of valuable goods.
Regional analysis: North America accounted for the largest share in the secure logistics market in 2023. Increase in cash volumes handled for banks and financial institution drove the demand for secure logistic services in the region. With more than 60% cash transaction volumes, the United States dominated the North America secure logistics market. Key players
Key players operating in the secure logistics market are GardaWorld, Brinks, Securitas, G4s. Garda World is one of the largest security services provider with strongest global footprints across North America, Europe, Africa and Asia Pacific focused on cash logistic and secured transportation services.
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