Secure Logistics Market Size Worth $ 170.16 Billion By 2032 | CAGR: 8.6%

The global secure logistics market size is expected to reach USD 170.16 billion by 2032, according to a new study by Polaris Market Research. The report “Secure Logistics Market Share, Size, Trends, Industry Analysis Report, By Application (Cash Management, Diamonds, Jewelry & Precious Metals, Others); By Mode of Transport; By End-User; By Type; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Security logistics are gaining utility in the marketplace with the growing trade activities among the nations with globalization initiatives. The growing demand for logistics operations among nations, specifically developing countries, is optimally driving new growth opportunities for secure logistics. According to the TeamLease Services Report 2023, the logistics sector is growing at a rate of 12% annually and is anticipated to create 10 million jobs by 2027 in India. The safeguarding of valuables is crucial at the time of transportation due to the increasing warehouse theft activities in the global market. According to the article published in Africa News, in March 2024, the National Emergency Management Agency of Nigeria announced the increasing security at their facilities with the growing warehouse attacks.

Most of the production and consumption processes depend on the import and export of raw materials, intermediaries, and finished products among the economies. This is enabling the stringent need for efficient logistic systems. The increasing government efforts to improve warehouse performance are likely to drive the growth of the secure logistics market in the long run. For instance, in March 2024, the Ministry of Commerce and Industry, and the Department for Promotion of Industry and Internal Trade, collaborated with the World Bank to conduct National Workshop on Logistics Efficiency Enhancement in New Delhi, India.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below:https://www.polarismarketresearch.com/industry-analysis/secure-logistics-market/request-for-sample

The increasing e-commerce penetration, along with the growing online shopping popularity among individuals, is optimally stimulating the adoption of secure logistics in the worldwide market. According to the U.S. International Trade Administration, global B2B e-commerce is projected to grow at a compound annual growth rate of 14.5% by 2026. This demonstrates the growing use of e-commerce solutions in the marketplace, which will propel the need for secure logistics in the coming years.

Moreover, the growing expansion activities among the key companies are likely to further boost the market expansion in the foreseeable future. For instance, in February 2024, Brink’s Incorporated entered into a partnership agreement with BitGo to extend its global offering and provide vaulting services.

Secure Logistics Market Report Highlights

• Cash management segment is anticipated to witness the highest growth due to the increased use of cash in consumption activities over cards.
• Road segment accounted for the largest market share owing to its affordability, convenience, and increasing infrastructure development initiatives.
• Financial institutions segment is projected to experience a larger revenue share due to the involvement of valuables, specifically cash and precious metals.
• APAC is projected to register the fastest growth during the forecast period, attributable to the integration of technology and security logistics.
• The global players include Allied Universal, Brink’s Incorporated, CargoGuard, CMS Info Systems (CMS), G4S Limited, GardaWorld, Lemuir Group, & Loomis AB.

Polaris Market Research has segmented the secure logistics market report based on application, mode of transport, end-user, type, and region:

Secure Logistics, Application Outlook (Revenue - USD Billion, 2019 - 2032)

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

Secure Logistics, Mode of Transport Outlook (Revenue - USD Billion, 2019 - 2032)

• Road
• Rail
• Air

Secure Logistics, End-user Outlook (Revenue - USD Billion, 2019 - 2032)

• Financial Institutions
• Retailers
• Government
• Others

Secure Logistics, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Static
• Mobile

Secure Logistics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Secure Logistics Market Report Scope