Secure Logistics Market Size was valued at USD 93.5 Billion in 2023. The secure logistics industry is projected to grow from USD 100.9 Billion in 2024 to USD 173.06 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024 - 2032).The growth of security logistics is being driven by several market drivers, such as the increasing volume of money traveling globally, advancements in warehouse technology, and the rapid rise in e-commerce sales.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The handling, storing, and moving of any commodity, information, or product from its point of origin to its destination is known as secure logistics. The information and package are shielded from theft, tampering, and unwanted access with the use of advanced security measures. Financial institutions and the banking sector are among the many industries that depend on safe logistics services. In order to protect client confidentiality and fulfill obligations, banking and financial institutions, including The Reserve Bank of India (RBI), have released particular guidelines that banks, non-banking financial companies (NBFCs), and other regulatory financial institutions must strictly abide by when outsourcing IT services. The current practice of regulated organizations (REs) largely relies on IT and IT-enabled services (ITES) to support the organization's operations, and the goods and services offered to customers are the basis for the development of these standards. Thus, the demand for the secure logistics market CAGR rises with the outsourcing of branch services like cash management and ATM services, where many companies provide ATM monitoring solutions with SLA management.
The market for secure logistics is anticipated to develop in the future due to organizations' growing worries about security. Issues about the safety, protection, and integrity of different assets, systems, or environments are referred to as security issues. These worries might also be hazards or possible threats. The use of various methods and practices aimed at reducing risks and guaranteeing the safe and secure transportation, storage, and handling of valuable or sensitive products is how secure logistics tackles security concerns. For instance, CargoNet AS, a logistics security and intelligence organization based in Norway, thoroughly documented 692 instances related to strategic cargo theft in the United States and Canada in 2023. Moreover, this amount is a noteworthy 59% rise from 2022. Thus, the growing market for safe logistics is being propelled by organizations' growing worries about security.
To offer dependable services to clients, major players in the secure logistics market are creating cutting-edge platforms like secure journey management services. A comprehensive and integrated system created to improve people's or assets' safety and security while they are traveling from one place to another is known as a secure journey management platform. Logistics operators can keep an eye on the whereabouts and progress of shipments, cars, or assets at all times due to the platform's real-time tracking and visibility features. For instance, Delhivery, a supply chain and logistics firm based in India introduced LocateOne, a location intelligence solution, in September 2023. With the help of APls, this location intelligence stack provides a number of capabilities that improve address data accuracy. Businesses in a variety of industries, such as retail, e-commerce, fintech, consumer packaged goods (CPG), banking, and financial services, benefit from its increased rooftop accuracy and decreased address fraud. Thus, driving the secure logistics market revenue.
The secure logistics market segmentation, based on type, includes Static and Mobile. In 2023, the static segment dominated the market. Static type manned guards are used for security reasons. The security of the logistics transit is aided by the security guards stationed at different locations. Numerous businesses in the market offer guarding services. These businesses provide specialist logistics security solutions with the goals of identifying security lapses, minimizing damage and loss during shipping, and stopping theft.
The secure logistics market segmentation, based on application, includes Cash Management, Manufacturing, Diamonds, Jewelry & Precious Metals, and Others. The cash management category generated the most income in 2023, which is ascribed to the growth in ATM installations in developing nations. Services for cash-in-transit are expanding rapidly in developing nations in Asia-Pacific, the Middle East, and Africa. ATM adoption is rising across these countries across multiple areas. This, in turn, fuels the need for safe logistics, which is anticipated to accelerate this market's growth.
Figure 1: Secure Logistics Market, by Application, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American secure logistics market area will dominate this market, propelled by various factors such as more stringent regulations, expansion of e-commerce and retail sectors, and a rising demand for cash management services. Furthermore, due to the rapid growth of North America's retail and e-commerce industries, there is an increased demand for safe delivery and transportation services. Safe logistic providers are vital for online businesses as they ensure the timely and secure transportation of valuable products to customers, leading to the growth of the market.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SECURE LOGISTICS MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe secure logistics market accounts for the second-largest market share. The advancements in the manufacturing sector and industrial growth greatly boosted Europe's potential for expansion in the secured transportation services market. The increasing speed of trade investments and cash flow between European countries creates many opportunities for secure logistics. Further, the German secure logistics market held the largest market share, and the UK secure logistics market was the fastest growing market in the European region.
The Asia-Pacific Secure Logistics Market is expected to grow at the fastest CAGR from 2024 to 2032 due to elements including the growth of financial institutions, the need for ATMs, and the rise in freight theft. Additionally, there is a rising need for safe transportation and storage services for precious assets and goods as this region experiences economic expansion, urbanization, and higher consumer expenditure. Moreover, China’s secure logistics market held the largest market share, and the Indian secure logistics market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the secure logistics market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the secure logistics industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the secure logistics industry to benefit clients and increase the market sector. In recent years, the secure logistics industry has offered some of the most significant advantages to e-commerce. Major players in the secure logistics market are attempting to increase market demand by investing in research and development operations, including Brink’s Incorporated, CMS Info Systems (CMS), CargoGuard, Allied Universal, G4S Limited, Lemuir Group, Loomis AB, Maltacourt, GardaWorld, PlanITROI, Inc., Prosegur, and Securitas AB.
With its headquarters located in Richmond, Virginia, The Brink's Company is an American cash processing company. Cash-in-transit, ATM replenishment and maintenance, and cash management & payment services, including money processing, intelligent safe services, vault outsourcing, and international valuables transportation, are among its operations. Brink's Incorporated and METACO teamed together in May 2022 to revolutionize institutional digital asset custody. This was accomplished by smoothly transferring METACO's services into the physical world, utilizing Brink's widely recognized safe logistical know-how and vast vault network. Through this strategic partnership, financial institutions will have access to an unmatched disaster recovery solution for their vital private key backups.
Allied Universal is a Conshohocken, Pennsylvania, and Irvine, California-based private security and staffing firm. The world's largest supplier of private security guards, Allied Universal was established in 2016 from the combination of AlliedBarton and Universal Services of America. With 800,000 workers, it ranks as the third largest US employer worldwide. In May 2022, American Security, based in South Carolina, was purchased by Allied Universal. To give customized, integrated security solutions that free up clients to concentrate on their primary business, Allied Universal offers proactive security services along with state-of-the-art smart technology.
Brink’s Incorporated
CMS Info Systems (CMS)
Allied Universal
G4S Limited
Lemuir Group
GardaWorld
PlanITROI, Inc.
Prosegur
Securitas AB
August 2023: Prosegur worked with WeSuite, a provider of sales management software designed specifically for security solution providers and sales. The goal of this partnership was to rethink Prosegur's market strategy for a variety of sectors, including logistics, industrial domains, healthcare, energy and utilities, and healthcare.
April 2023: Force Multiplier, a Hybrid Security Solution, was released by Garda World Security Corporation. The goal of the newly released tool is to help businesses safeguard their most important assets.
July 2022: Securitas AB's USD 3.2 billion acquisition of Stanley Security shows how confident the company is in the market for electronic security services. Through the partnership with STANLEY Security and Healthcare, Securitas AB is able to revolutionize the security market by providing a portfolio of integrated tech-enabled solutions that free their clients to concentrate on their core business functions.
Static
Mobile
Cash Management
Manufacturing
Diamonds, Jewelry & Precious Metals
Others
North America
Europe
Asia-Pacific
Rest of the World (RoW)
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 93.5 Billion |
| Market Size 2024 | USD 100.9 Billion |
| Market Size 2032 | USD 173.06 Billion |
| Compound Annual Growth Rate (CAGR) | 8.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Brink’s Incorporated, CMS Info Systems (CMS), CargoGuard, Allied Universal, G4S Limited, Lemuir Group, Loomis AB, Maltacourt, GardaWorld, PlanITROI, Inc., Prosegur, and Securitas AB. |
| Key Market Opportunities | Rising rates of freight theft and cash-in-transit robberies |
| Key Market Dynamics | Developing nations' growth of financial and banking organizations Increase in the demand for outsourced cash management services |
Frequently Asked Questions (FAQ) :
The secure logistics market size was valued at USD 93.5 Billion in 2023.
The market is projected to grow at a CAGR of 8.00% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Brink’s Incorporated, CMS Info Systems (CMS), CargoGuard, Allied Universal, G4S Limited, Lemuir Group, Loomis AB, Maltacourt, GardaWorld, PlanITROI, Inc., Prosegur, and Securitas AB.
The static category dominated the market in 2023.
The cash management category had the largest share in the market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
