Secure Logistics Market Size - By Service (Static, Mobile), Mode of Transportation (Roadways, Railways, Airways, Waterways), By Application (Cash Management, Precious Metals, Confidential Documents, Sensitive Electronics) & Forecast, 2024 - 2032

Secure Logistics Market Size

Secure Logistics Market size was valued at USD 85.7 billion in 2023 and is estimated to register a CAGR of over 8% between 2024 and 2032. The market will demonstrate healthy growth driven by increasing globalization and supply chain complexity. As businesses expand globally, supply chains become more complex, involving multiple parties, regions, and transportation modes. This complexity increases the risk of theft, fraud, and other security breaches. Secure logistics services become crucial to safeguard valuable goods during transportation and storage.
 

Against this backdrop, in December 2022, BVC Logistics announced the successful dispatch of the initial export facilitated by the India-Australia Economic Cooperation and Trade Agreement (ECTA). The shipment, executed promptly within hours of ECTA taking effect on December 29, 2022, was carried out on behalf of their client, Venus Jewels. This accomplishment follows BVC's earlier success in overseeing the inaugural consignment under the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE.
 

The ECTA is designed to substantially boost bilateral trade, foster new employment opportunities, and enhance the well-being of both Indian and Australian citizens. Furthermore, the trade pact is anticipated to propel total bilateral trade beyond USD 45 billion within the next five years. Notably, the Gems and Jewellery industry is poised to benefit from zero duties on both imports and exports as stipulated by the agreement.
 

Continuous advancements in technology, including the adoption of IoT, GPS tracking, real-time monitoring, and data analytics contribute to the secure logistics market growth. These technologies enhance visibility and control over the supply chain, allowing companies to respond quickly to security threats and minimize losses.
 

For instance, in January 2024, Nigerian startup Fez Delivery, specializing in logistics, unveiled Fez Safe Lockers, an automated locker system set to revolutionize the last-mile delivery sector in Nigeria. Founded in 2018, Fez Delivery has created a last-mile delivery platform that serves as a link between businesses and markets. Having successfully obtained seed funding in the previous year and rolled out a fleet of e-bikes, the company has now introduced a network of automated lockers. These lockers offer a secure, efficient, and economical solution for sending and receiving packages, delivering advantages to both businesses and individuals.
 

However, implementing advanced security measures and technologies can be expensive for logistics companies. The investment in state-of-the-art surveillance systems, secure storage facilities, and advanced tracking technologies contributes to higher operational costs. Some businesses, especially smaller ones or those operating in cost-sensitive industries, might be hesitant to invest in comprehensive secure logistics solutions, impacting the widespread adoption of such services.
 

Secure Logistics Market Trends

Blockchain technology is gaining traction in logistics for its ability to provide a transparent and tamper-resistant system. In secure logistics, blockchain can be employed to create an immutable and auditable record of every transaction and movement within the supply chain. This ensures increased security, reduces the risk of fraud, and enhances traceability, which is crucial for high-value or sensitive shipments.
 

To that end, in January 2024, the well-established cash-handling company Brink’s, with a rich history spanning 164 years, strategically entered the cryptocurrency domain through a substantial investment in BitGo, a prominent provider of crypto custody services. While the specific financial details remain undisclosed, this strategic move is anticipated to reshape the landscape of digital asset management.
 

Secure Logistics Market Analysis

Based on the application, the cash management segment held over 40% of the market share in 2023, propelled by the critical need to ensure the safe and reliable transportation of currency. Cash, being a highly valuable and sensitive asset, requires meticulous handling to prevent theft, tampering, or loss. Secure logistics play a pivotal role in safeguarding cash during transit, with advanced security measures such as armored vehicles, GPS tracking, and real-time monitoring. As the reliance on physical currency persists in various industries, including banking and retail, the necessity for secure logistics in cash management applications continues to grow, driven by the imperative to uphold financial integrity and minimize risks.
 

Based on the service, the static segment recorded around 59% of the secure logistics market share in 2023. Static secure logistics services are gaining traction due to the heightened need for robust protection and monitoring of valuable assets during transportation and storage. As businesses expand globally, the complexities of supply chains increase, making static secure logistics essential to mitigate risks. The rise in high-value industries, such as pharmaceuticals and electronics, emphasizes the importance of secure storage solutions.
 

Furthermore, advancements in technology, such as real-time monitoring and IoT integration, contribute to the growing appeal of static secure logistics services by providing enhanced visibility, control, and proactive threat detection in the face of evolving security challenges.
 

North America secure logistics market accounted for 35% revenue share in 2023. The region's robust economy and extensive cross-border trade contribute to the high demand for secure transportation and storage of valuable goods. The prevalence of high-tech industries, including pharmaceuticals and electronics, amplifies the need for advanced security solutions.
 

Additionally, stringent regulations and heightened security concerns drive businesses to invest in secure logistics services to ensure compliance and protect against potential threats. The continuous adoption of cutting-edge technologies, such as IoT and real-time tracking, further enhances the industry's efficiency and appeal in meeting the evolving security demands of the North American market.
 

Secure Logistics Market Share

G4S Limited and Gardaworld hold a significant market share of around 13% in the secure logistics industry. Companies in the industry employ diverse strategies to fortify their positions. One key approach is leveraging advanced technologies, such as IoT and real-time tracking, enhancing visibility and security throughout the supply chain. Establishing strategic partnerships and alliances, like collaborations with tech firms for innovative solutions, is another common tactic.
 

Continuous investments in training and skill development ensure a competent workforce capable of handling evolving security challenges. Expansion into emerging markets and diversification of service offerings contribute to a more resilient business model. Additionally, compliance with stringent industry regulations and standards remains integral, boosting customer trust. These combined strategies reinforce companies' competitiveness and resilience in the dynamic landscape of secure logistics.
 

Secure Logistics Market Companies

Major companies operating in the secure logistics industry are:

• Brink's Company
• CMS Info Systems Ltd.
• G4S Limited
• Gardaworld
• Loomis AB
• Maltacourt Ltd.
• PlanITROI Inc.
• Prosegur Cash
• Sequel Logistics
• SIS Group Enterprise
   

Secure Logistics Industry News

• In June 2023, Prosegur Cash and Armaguard completed the merger of their cash management activities in Australia. This combination of cash transportation services, cash management, technical services and ATM networks is a major development in cash management and transportation in Australia. The merger ensures that cash will remain a cost-effective and secure payment option for businesses and consumers.
   
• In December 2021, Securitas acquired the Stanley Security. This acquisition enables Securitas to enhance its product offering and expand its customer base globally.
   

The Secure Logistics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Service

• Static
• Mobile

Market, By Mode of Transportation

• Roadways
• Railways
• Airways
• Waterways

Market, By Application

• Cash management
• Precious metals
• Confidential documents
• Sensitive electronics
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA