The Global Secure Logistics Market size is expected to reach $154.7 billion by 2030, rising at a market growth of 8.0% CAGR during the forecast period.
Effective cash management in CIT ensures that cash is collected and transported securely, following strict security protocols. Therefore, the cash management segment would generate more than 45% share of the market by 2030. Cash-in-transit (CIT) providers are responsible for collecting cash from businesses, such as retail stores, banks, and casinos, and transporting it to secure locations, such as banks or cash processing centers. Effective cash management practices ensure the safety, accuracy, and compliance of cash-related processes, contributing to the overall security and efficiency of the market. Some of the factors impacting the market are a rise in the demand for outsourcing branch and atm service, increase in the demand for product integrity, and increase in the usage of electronic payment.
Outsourcing branch and ATM services can be cost-effective for financial institutions and businesses. It allows them to focus on their core activities while leaving the secure logistics of cash replenishment, maintenance, and servicing to specialized providers. Secure logistics companies specialize in secure transportation and management of cash. Secure logistics companies often employ advanced technologies for tracking, monitoring, and managing cash assets, enhancing overall security and efficiency. The trend drives companies to adopt and develop innovative technologies for better cash management, including cash forecasting, monitoring, and real-time reporting. Additionally, the rise of counterfeit products in various industries, such as pharmaceuticals, electronics, and luxury goods, has increased the need for these services to prevent tampering and counterfeiting. The pharmaceutical industry requires stringent measures to ensure medication authenticity, safety, and integrity. These services are essential for maintaining the integrity of pharmaceutical products. It is critical to ensure the safety and authenticity of food and beverage products, particularly high-value items, and premium brands. Secure logistics companies aid in preserving the integrity of these products. Secure logistics providers play a role in protecting the integrity of these products. As product counterfeiting and safety concerns continue to grow, secure logistics providers play a pivotal role in protecting the integrity and authenticity of products throughout the supply chain. This trend has contributed to expanding the market and developing innovative solutions for securing product integrity.
However, a significant reduction in cash transactions can lead to a decrease in the need for cash transportation services, which are a core part of secure logistics operations. As cash usage declines, it affects the market's profitability and financial performance. Reducing cash transactions lead providers to compete for a smaller business pool in the cash handling and transportation segment, potentially driving down prices. With the speed and efficiency of electronic payments, there may be increased pressure on providers to optimize their processes, including the transportation and storage of valuable assets, to match the efficiency of electronic payment systems. The increasing usage of electronic payments can affect the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Garda World Security Corporation (GardaWorld) (BC Partners), Lemuir Group, Securitas AB, Brink's Incorporated (Brink's), PlanITROI, Inc., CargoGuard GmbH, CMS Info Systems Private Limited (CMS), Prosegur, Allied Universal, and Secure Logistics LLC.
Effective cash management in CIT ensures that cash is collected and transported securely, following strict security protocols. Therefore, the cash management segment would generate more than 45% share of the market by 2030. Cash-in-transit (CIT) providers are responsible for collecting cash from businesses, such as retail stores, banks, and casinos, and transporting it to secure locations, such as banks or cash processing centers. Effective cash management practices ensure the safety, accuracy, and compliance of cash-related processes, contributing to the overall security and efficiency of the market. Some of the factors impacting the market are a rise in the demand for outsourcing branch and atm service, increase in the demand for product integrity, and increase in the usage of electronic payment.
Outsourcing branch and ATM services can be cost-effective for financial institutions and businesses. It allows them to focus on their core activities while leaving the secure logistics of cash replenishment, maintenance, and servicing to specialized providers. Secure logistics companies specialize in secure transportation and management of cash. Secure logistics companies often employ advanced technologies for tracking, monitoring, and managing cash assets, enhancing overall security and efficiency. The trend drives companies to adopt and develop innovative technologies for better cash management, including cash forecasting, monitoring, and real-time reporting. Additionally, the rise of counterfeit products in various industries, such as pharmaceuticals, electronics, and luxury goods, has increased the need for these services to prevent tampering and counterfeiting. The pharmaceutical industry requires stringent measures to ensure medication authenticity, safety, and integrity. These services are essential for maintaining the integrity of pharmaceutical products. It is critical to ensure the safety and authenticity of food and beverage products, particularly high-value items, and premium brands. Secure logistics companies aid in preserving the integrity of these products. Secure logistics providers play a role in protecting the integrity of these products. As product counterfeiting and safety concerns continue to grow, secure logistics providers play a pivotal role in protecting the integrity and authenticity of products throughout the supply chain. This trend has contributed to expanding the market and developing innovative solutions for securing product integrity.
However, a significant reduction in cash transactions can lead to a decrease in the need for cash transportation services, which are a core part of secure logistics operations. As cash usage declines, it affects the market's profitability and financial performance. Reducing cash transactions lead providers to compete for a smaller business pool in the cash handling and transportation segment, potentially driving down prices. With the speed and efficiency of electronic payments, there may be increased pressure on providers to optimize their processes, including the transportation and storage of valuable assets, to match the efficiency of electronic payment systems. The increasing usage of electronic payments can affect the market.
Application Outlook
By application, the market is categorized into cash management, diamonds, jewellery & precious metal, manufacturing, and others. In 2022, the cash management segment held the highest revenue share in the market. One of the primary functions of secure logistics is the transportation of cash from one location to another. Banks, financial institutions, retail businesses, and even ATMs rely on providers to move cash securely. Cash management practices ensure that cash is protected throughout the transit, minimizing theft risk, and ensuring that funds arrive at their destination intact. Many secure logistics providers operate cash vaults, which serve as secure storage facilities for businesses and financial institutions. Cash-in-transit (CIT) services are a critical aspect of the market.
Type Outlook
Based on type, the market is classified into static and mobile. In 2022, the static segment witnessed the largest revenue share in the market. Static security measures, such as secure vaults and safes, protect valuable assets, such as cash, jewellery, and precious metals, from theft, unauthorized access, and other security threats. The presence of visible static security measures can act as a deterrent to potential criminals. Knowing that secure vaults and facilities protect assets can discourage theft attempts. Static security systems enable organizations to control and monitor access to valuable assets.Mode of Transport Outlook
On the basis of mode of transport, the market is divided into roadways, railways, and airways. The railways segment garnered a significant revenue share in the market in 2022. Railways are well-suited for large-scale transportation of valuable assets due to their capacity to carry substantial cargo loads. This makes them attractive for moving high-value goods, such as precious metals, over long distances. Rail transport is generally considered a secure mode of transportation because of its controlled access and limited entry points. Valuables can be loaded into secure railcars and monitored closely throughout the journey, reducing the risk of theft or unauthorized access.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. Rising demand for the secure transportation and storage of high-value items has resulted in a substantial expansion of the market in North America. The market is expected to continue growing as the need for these services remains robust. Secure logistics providers in North America offer various services, including armored transportation, secure storage, cash management, asset tracking, and risk mitigation services. They cater to various industries, including banking, retail, jewellery, pharmaceuticals, etc.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Garda World Security Corporation (GardaWorld) (BC Partners), Lemuir Group, Securitas AB, Brink's Incorporated (Brink's), PlanITROI, Inc., CargoGuard GmbH, CMS Info Systems Private Limited (CMS), Prosegur, Allied Universal, and Secure Logistics LLC.
Strategies deployed in the Market
- Aug-2023: Prosegur collaborated with WeSuite, a manufacturer of sales management software tailored for security technology sales and service providers. This collaboration aimed to redefine Prosegur's market approach across a multitude of industries which includes energy and utilities, healthcare, industrial domains, and logistics.
- Apr-2023: Garda World Security Corporation released force multiplier, a Hybrid Security Solution. The launched product would be created to support organizations in protecting their critical assets.
- Apr-2023: Allied Universal took over MSA Security, a global provider of high-consequence threat solutions. This acquisition aimed to expand its services in the Las Vegas region.
- Jan-2023: Prosegur introduced the Next Generation Suite of RFID Solutions, with the highest accuracy available. This launch aimed to enhance inventory accuracy, reinvent loss prevention, and give retailers a new approach to offset costs and grow revenue.
- Dec-2022: Crisis24, a subsidiary of GardaWorld company partnered with Palantir Technologies Inc., a public American company that specializes in big data analytics. Under this partnership, both companies aimed to transform security and risk management with the power of AI.
- Aug-2022: Garda World Security Corporation took over ARCA, a manufacturer of teller cash recyclers for financial institutions. This acquisition aimed to grow GardaWorld as a security and cybersecurity player.
- Jul-2022: Securitas AB took over Stanley Security, a provider of integrated security solutions. This acquisition aimed to offer complementary portfolios across the security services value chain that seamlessly could help Securitas clients’ businesses.
- May-2022: Brink's Incorporated partnered with Metaco SA, a provider of security-critical software and infrastructure to the digital asset ecosystem. Under this acquisition, both companies aimed to bring together the only custody platform that would ensure no single point of failure in the software and infrastructure stack, with a physical backup solution that would be end-to-end secure and fully distributed to equally verify no physical and operational single point of failure for key recovery storage and logistics.
- Feb-2022: Allied Universal partnered with Knightscope, Inc., a developer of advanced physical security technologies. Under this partnership, both companies aimed to broaden the delivery of smart cutting-edge technologies to enhance public safety, enabling customers to focus on their core businesses.
- Jan-2022: Prosegur unveiled Global Logistics and Supply Chain Security service, which includes GPS devices designed specifically for logistics and supply chains. This launch aimed to provide a one-stop solution for 24/7 asset protection anywhere across the globe.
- May-2021: Brink's Incorporated came into partnership with iZi Cash, a leading provider of cash logistics and cash management services. This partnership aimed to provide secure cash logistics services.
- Apr-2021: Brink's Incorporated acquired PAI, Inc., the largest privately held provider of ATM services in the U.S. This acquisition aimed to provide total cash management solutions across the cash ecosystem.
Scope of the Study
Market Segments Covered in the Report:
By Type- Static
- Mobile
- Roadways
- Railways
- Airways
- Cash Management
- Diamonds, Jewellery & Precious Metal
- Manufacturing
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Garda World Security Corporation (GardaWorld) (BC Partners)
- Lemuir Group
- Securitas AB
- Brink's Incorporated (Brink's)
- PlanITROI, Inc.
- CargoGuard GmbH
- CMS Info Systems Private Limited (CMS)
- Prosegur
- Allied Universal
- Secure Logistics LLC
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Secure Logistics Market by Type
Chapter 6. Global Secure Logistics Market by Mode of Transport
Chapter 7. Global Secure Logistics Market by Application
Chapter 8. Global Secure Logistics Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- Garda World Security Corporation (GardaWorld) (BC Partners)
- Lemuir Group
- Securitas AB
- Brink's Incorporated (Brink's)
- PlanITROI, Inc.
- CargoGuard GmbH
- CMS Info Systems Private Limited (CMS)
- Prosegur
- Allied Universal
- Secure Logistics LLC
Methodology
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