SECURE LOGISTICS MARKET ANALYSIS

Secure Logistics MarketSize and Trends

The global secure logistics market size was valued at US$ 83.28 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8% from 2023 to 2030. The global market for secure logistics is growing rapidly. A number of factors are driving this growth, including the rising amount of money that is moving around the world, warehouse technology, and the explosive growth in e-commerce sales. Other factors that are impacting the industry include a shortage of trained workers, cybersecurity problems, and increasing fuel prices. The demand for secure logistics services is expected to grow in the coming years, especially from emerging economies.

Figure 1: Global Secure Logistics Market Share (%), By Region, 2022

Global Secure Logistics Market Trends:

Rise in number of high technology-based vehicles is a recent trend

In past few years, the major challenges faced by the global banking industry were in-transit security for vehicles that carried cash around different locations of the country. Most of the developing countries across the world, carry out cash transfer through transporting the currency chest of the bank to different ATMs and branches. For this, the industry is now adopting highly advanced technology-based vehicles in order transport the cash securely. This trend is expected to fuel growth of the global secure logistics market over the forecast period.

Rapidly developing logistics services is a new trend in the market

Logistics services are witnessing rapid developments and are likely to boost the demand for secure logistics in financial organizations, as the amount of transactions at the point of sales as well as ATM withdrawal activities are increasing in developing markets. As the urbanization is increasing around the world along with access to technology, the amount of cash withdrawals and POS transactions is likely to increase in the coming years. Thus, the trend is likely to continue in the global secure logistics market over the forecast future.