Secure Logistics Market by Service and Geography - Forecast and Analysis 2022-2026

Based on Technavio's market sizing methodology, the secure logistics market size is predicted to surge by USD 25.22 billion from 2021 to 2026 at a CAGR of 6.56%.

This secure logistics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The secure logistics market report also offers information on several market vendors, including AGS Transact Technologies Ltd., Allied Universal, Cash Logistik Security AG, CMS Info Systems Ltd., Global Security Logistics Co., Japan Post Holdings Co. Ltd., Loomis AB, Paragon Security, Prosegur Compania de Seguridad SA, Securitas AB, Security Plus Group, SIS Ltd., SSL Logistics, StorageVault Canada Inc., The Brinks Co., Writer Business Services Pvt. Ltd., and GardaWorld Security Corp. among others.

This report extensively covers secure logistics market segmentation by the following:

• Service - Security services and Cash services
• Geography - APAC, North America, Europe, Middle East and Africa, and South America

What will the Secure Logistics Market Size be During the Forecast Period?

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Secure Logistics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising need for secure logistics for global cash circulation is notably driving the secure logistics market growth, although factors such as the competition from multiple secure logistics players may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the secure logistics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Secure Logistics Market Driver

• One of the key factors driving growth in the secure logistics market is the rising need for secure logistics for global cash circulation.
• Cash circulation is the regular and continuous use of monetary units of cash for market transactions.
• In 2020, the rise of digital payments was anticipated to replace the use of cash for transactions across the world. However, recent data still shows that the flow of cash across the world, especially in developing countries, is soaring high.
• Convenience is a reason behind the prevalence of cash transactions. One of the convenient features of cash transactions is that cash transactions do not need a valid bank account or a phone number to complete the transaction.
• Cash remains one of the most important payment methods all over the world, despite the rise of electronic and mobile payment methods,
• As cash logistics is the backbone of cash circulation, secure logistics emerges as an important process in making cash available to users.

Key Secure Logistics Market Trend

• The growing ability to track shipments is a secure logistics market trend that is expected to have a positive impact in the coming years.
• Secure logistics providers allocate consumers with a tracking code to track the movement and time required for the arrival of goods.
• The shippers can keep track of the exact pick-up time of the goods and the total transit time, and in case of a delay, shippers can accordingly make cost-effective changes to enhance the performance of logistics. 
• The shippers can track and inform customers about delays, besides being able to change the mode of transportation for process improvement if required.
• Traditional tracking devices, such as bar codes and radio frequency identification (RFID), still remain relevant. However, innovations and the declining cost of cellular and satellite technology make it easier to secure near-real-time coverage across almost the entire globe.
• The continuous advancements in shipment tracking technologies for better supply chain visibility are a recent trend in the market.

Key Secure Logistics Market Challenge

• The competition from multiple secure logistics players will be a major challenge for the secure logistics market during the forecast period.
• The main reason for the presence of multiple secure logistics players in the market is globalization, which has opened the market to many competitors providing similar services but with unique selling propositions that help differentiate them from other providers.
• Adapting logistics models to the needs of customers is one of the challenges faced by competitors and many companies that do not provide logistics as a core competency opt for outsourcing a part of or the entire logistics process.
• Logistics providers need to align the company's value chain based on, cost optimization, order processing, and fixed assets.
• In the global secure logistics market, successful logistics players gain a competitive advantage by selecting a model that best suits the company's objectives and is adherent customers? requirements.

This secure logistics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global secure logistics market as a part of the global air freight and logistics market within the global transportation market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the secure logistics market during the forecast period.

Who are the Major Secure Logistics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AGS Transact Technologies Ltd.
• Allied Universal
• Cash Logistik Security AG
• CMS Info Systems Ltd.
• Global Security Logistics Co.
• Japan Post Holdings Co. Ltd.
• Loomis AB
• Paragon Security
• Prosegur Compania de Seguridad SA
• Securitas AB
• Security Plus Group
• SIS Ltd.
• SSL Logistics
• StorageVault Canada Inc.
• The Brinks Co.
• Writer Business Services Pvt. Ltd.
• GardaWorld Security Corp.

 

This statistical study of the secure logistics market encompasses successful business strategies deployed by the key vendors. The secure logistics market is concentrated and the vendors are deploying growth strategies such as introducing futuristic products with a high storage capacity to compete in the market.

Product Insights and News

• Allied Universal - Allied Universal is a privately held company headquartered in US. It is a global company generating $18,000 million in revenues and has around 800,000 employees. Its revenue from the global secure logistics market is a key component of its overall revenues. 
• Allied Universal - The company offers commercial security systems such as web and GPS-based patrol route management. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The secure logistics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Secure Logistics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the secure logistics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Secure Logistics Market?

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35% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for secure logistics in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing security requirements will facilitate the secure logistics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The secure logistics market in the region was negatively impacted by the COVID-19 outbreak in 2020. The major economic turmoil and disruptions in the supply chain of air freight and logistics operations severely impacted the regional logistical operations, primarily during the first half of 2020. However, with the gradual recovery of economies in APAC from the COVID-19 crisis due to the resumption of activities and the adoption of e-commerce models by various end-user industries, including the automotive industry, the regional secure logistics market is expected to rebound during the forecast period.

What are the Revenue-generating Service Segments in the Secure Logistics Market?

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The secure logistics market share growth by the security services segment will be significant during the forecast period. An increase in the outsourcing of security services can be attributed to the growing need to outsource non-core activities to prominent vendors for focusing on the core competencies of the company. This is a trend seen globally in the market due to the high additional cost of maintaining an in-house security team, recruiting eligible candidates, and managing security personnel. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the secure logistics market size and actionable market insights on post COVID-19 impact on each segment.

 

Secure Logistics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.56%
Market growth 2022-2026	$ 25.22 billion
Market structure	Concentrated
YoY growth (%)	6.15
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key consumer countries	US, Canada, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AGS Transact Technologies Ltd., Allied Universal, Cash Logistik Security AG, CMS Info Systems Ltd., Global Security Logistics Co., Japan Post Holdings Co. Ltd., Loomis AB, Paragon Security, Prosegur Compania de Seguridad SA, Securitas AB, Security Plus Group, SIS Ltd., SSL Logistics, StorageVault Canada Inc., The Brinks Co., Writer Business Services Pvt. Ltd., and GardaWorld Security Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Secure Logistics Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive secure logistics market growth during the next five years
• Precise estimation of the secure logistics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the secure logistics industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of secure logistics market vendors

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