Global Secure Logistics Market Trends 2024, Forecast To 2033
28 Mar, 2024
The secure logistics market has experienced robust growth, ascending from $91.46 billion in 2023 to $99.96 billion in 2024, demonstrating a CAGR of 9.3%. This growth in the historical period can be attributed to various factors including globalization, increased international trade, compliance with regulatory standards, heightened security concerns due to rising incidents of cargo theft, and advancements in surveillance and access control systems. Forecasts for the upcoming years suggest continued strong growth, with the market projected to reach $140.34 billion by 2028, reflecting a CAGR of 8.9%. This anticipated growth is expected to be driven by the integration of blockchain technology, adoption of autonomous vehicles for transportation purposes, enhanced utilization of IoT (Internet of Things) and sensor technologies, a heightened focus on cybersecurity within logistics networks, and the promotion of green logistics and sustainable practices. Emerging trends in this sector include the introduction of GPS tracking systems, the development of tamper-evident packaging solutions, expansion of secure warehousing facilities, implementation of biometric authentication methods, and the integration of RFID (Radio Frequency Identification) technology.
Global Secure Logistics Market Key Driver
The secure logistics market is expected to witness growth, propelled by increasing security concerns among corporations globally. Security concerns encompass apprehensions related to the safety, protection, and integrity of assets and environments. Secure logistics addresses these concerns through rigorous measures to ensure the safe transportation, storage, and handling of valuable goods. For instance, in 2023, CargoNet AS documented 692 events of strategic cargo theft across the United States and Canada, marking a notable 59% increase from the previous year. This escalation underscores the urgency for enhanced security measures in logistics operations, thereby driving market growth. Looking ahead, as corporations prioritize risk mitigation and asset protection, the demand for secure logistics solutions is expected to rise steadily. (2023 Market Size: Not provided, 2024 Market Size: Not provided, 2028 Market Size: Not provided)
Get A Free Sample Of The Global Secure Logistics Market ReportGlobal Secure Logistics Market Segments
The secure logistics market covered in this report is segmented –
1) By Type: Static, Mobile
2) By Application: Cash Management, Diamonds, Jewelry And Precious Metals, Manufacturing, Other Applications
3) By End User: Financial Institutions, Retailers, Government, Other End Users
By Geography:The regions covered in the secure logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Secure Logistics Industry Players
DHL Group, United Parcel Service Inc., A.P. Møller – Mærsk A/S, Deutsche Bahn AG, C.H. Robinson Worldwide Inc., Allied Universal, Securitas AB, G4S Ltd., Kerry Logistics Network Limited, XPO Inc., Prosegur Compañía 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
Get The Full Global Secure Logistics Market ReportSecure Logistics Market Overview
Secure logistics refers to the systematic planning, implementation, and management of the transportation, storage, and distribution of goods in a manner that prioritizes and ensures the safety and integrity of the products throughout the supply chain. Security operations and logistics are designed to facilitate the safe management and movement of people, goods, information, and other resources between a specific point of origin and its destination.
Secure Logistics Global Market Report 2023 provides data on the global secure logistics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The secure logistics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.