PUBLISHER: The Business Research Company | PRODUCT CODE: 1455519
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455519
Secure logistics involves the strategic planning, execution, and oversight of the transportation, storage, and distribution of goods in a manner that emphasizes and guarantees the safety and integrity of products across the entire supply chain. It encompasses security operations and logistics that are tailored to facilitate the secure management and movement of people, goods, information, and other resources from a designated point of origin to its intended destination.
The primary types of secure logistics are static and mobile. Static logistics, also known as non-adaptive routing, involve paths between two routers that cannot be automatically updated. These logistics are applied in diverse fields such as cash management, the transport of diamonds, jewelry, and precious metals, manufacturing, and more. They serve various end-users including financial institutions, retailers, government entities, and others.
The secure logistics market research report is one of a series of new reports from The Business Research Company that provides secure logistics market statistics, including secure logistics industry global market size, regional shares, competitors with a secure logistics market share, detailed secure logistics market segments, market trends, and opportunities, and any further data you may need to thrive in the secure logistics industry. This secure logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The secure logistics market size has grown strongly in recent years. It will grow from $91.46 billion in 2023 to $99.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed in the historical period can be attributed to factors such as globalization and increased international trade, a focus on regulatory compliance and security standards, a rise in incidents of cargo theft, and advancements in surveillance and access control systems.
The secure logistics market size is expected to see strong growth in the next few years. It will grow to $140.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period can be attributed to the integration of blockchain technology, the adoption of autonomous vehicles for transportation, increased utilization of IoT and sensor technologies, a heightened focus on cybersecurity within logistics networks, and the implementation of green logistics and sustainable practices. Major trends expected in the forecast period include the introduction of GPS tracking systems, the development of tamper-evident packaging, the expansion of secure warehousing facilities, the implementation of biometric authentication, and the introduction of RFID technology.
The growth of the secure logistics market is anticipated to be fueled by the increasing security concerns among corporations. Security concerns encompass apprehensions, risks, or potential threats related to the safety, protection, and integrity of various assets, systems, or environments. Secure logistics addresses these concerns by implementing a range of measures and practices aimed at mitigating risks and ensuring the safe and secure transportation, storage, and handling of valuable or sensitive goods. In 2023, CargoNet AS, a Norway-based logistics security and intelligence company, documented a total of 692 events related to strategic cargo theft across the United States and Canada. This figure represents a significant 59% increase from 2022, underscoring the growing security challenges. Consequently, the rising security concerns among corporations are key drivers propelling the growth of the secure logistics market.
Prominent companies in the secure logistics market are actively developing innovative platforms to enhance their services, such as secure journey management services. A secure journey management platform is a comprehensive and integrated system designed to improve the safety and security of individuals or assets during their journey. Offering real-time tracking and visibility into the movement of shipments, vehicles, or assets, this platform enables logistics operators to monitor journey progress and location at any given moment. For instance, in September 2023, Delhivery, an India-based logistics and supply chain company, introduced LocateOne, a location intelligence solution operating through APIs. This solution enhances address data accuracy, particularly in rooftop identification, and reduces address fraud for businesses across sectors such as retail, consumer packaged goods (CPG), e-commerce, fintech, banking, and financial services.
In September 2023, Rhenus Logistics, a Germany-based logistic services provider, acquired Blu Logistics for an undisclosed amount. This acquisition is aimed at expanding Rhenus' existing presence in the Latin America (LATAM) market. By strategically enhancing its service portfolio, Rhenus aims to capitalize on the region's growing potential for globally connected supply chains. Blu Logistics Inc., a US-based company, specializes in providing integrated and secure logistics solutions, aligning with Rhenus' objectives for market expansion and service diversification.
Major companies operating in the secure logistics market report are DHL Group, United Parcel Service Inc., A.P. Moller - Maersk A/S, Deutsche Bahn AG, C.H. Robinson Worldwide Inc., Allied Universal, Securitas AB, G4S Ltd., Kerry Logistics Network Limited, XPO Inc., Prosegur Compania de Seguridad S.A, Brink's Inc., GardaWorld Corporation, Loomis AB, Chronopost International, FedEx Custom Critical Inc., Covenant Aviation Security LLC, CMS Infosystem Pvt. Ltd., CEVA Logistics, Lemuir Group, Maltacourt Ltd., PlanITROI Inc., Titan Security Group, Cash Logistik Security AG, Secure Logistics LLC
Europe was the largest region in the secure logistics market in 2023. The regions covered in the secure logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the secure logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The secure logistics market includes revenues earned by entities by providing services such as physical security, transportation security, risk management, and supply chain visibility. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Secure Logistics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on secure logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for secure logistics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The secure logistics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.