Worldwide Secure Logistics Market Expected To Reach USD$ 72.2 Billion By 2020 With A CAGR Of 9.38% Between 2016 And 2020

Date: 2016-09-18

The Secure Logistics market was estimated at USD$ 46.1 billion in 2015, and is anticipated to reach USD$ 72.2 billion by 2020, expanding at a CAGR of 9.38% between 2016 and 2020.

Vendors in the global secure logistics market are involved in the physical transportation of cash and other valuables from one location to another. They are also involved in manning and guarding high-risk zones such as embassies, airports, and public venues. Cash logistics services include a gamut of services such as management of ATMs, armored transportation and management of cash, transportation of valuables, and international shipping of high-tech devices. Security logistics services include armed and unarmed guarding, protection services, and electronic monitoring of premises. The global secure logistics market is labor-intensive as well as capital-intensive.

A key growth driver for secure logistics market is the shift by secure logistics providers to emerging markets. Over the past few years, there has been a steady shift of operational bases by multinational secure logistics companies to emerging markets such as Asia and South America. The secure logistics market in APAC is expected to register the fastest growth during the forecast period, posting a CAGR of 6.12%. The banking crisis witnessed in Europe in 2009 has prompted these moves, as secure logistics companies took a big hit during this crisis, with many banks and financial institutions requesting bailouts. Secure logistics companies are also moving to developing markets to expand their reach and avail first-mover advantage in these markets.

During 2015, cash demand increased by 5% in Europe and by more than 11% in the BRICS nations. The market is expected to grow at a steady pace in established markets such as Europe and the US. The markets in APAC, MEA, and Latin America are expected to grow at a rapid pace owing to the expansion of banking and financial institutions and also because of the threat to security in these regions.

The growing affinity toward outsourcing is also expected to fuel the demand for secure logistics between 2016 and 2020. The major factor contributing to the total outsourcing of cash management and security is the rise in the number of ATMs across the world, which is projected to be around 46% by the end of 2020.
Read Full Report:

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520



Contact With Us
Join templatemonster at google+
Customized Research
Request Sample