The analysts forecast global secure logistics market to grow at a CAGR of 9.38% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global secure logistics market for 2016-2020. To calculate the market size, the report considers the revenue generated from different geographical regions.
The following companies are the key players in the Global Secure Logistics Market: Brink's, G4S, GardaWorld, Loomis, and Prosegur. Other prominent vendors in the market are: Cash Logistik Security, CMS Info Systems, General Secure Logistics Services, Global Security Logistics, Lemuir Secure Logistics, Maltacourt, Paragon Security, Securitrans India, Securitas, Security and Intelligence Services, Toll Group, and Writer Safeguard.
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According to the secure logistics market key driver of market growth 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.
The global secure logistics market the global secure logistics market is growing because of the rising popularity of ATMs. Increase in the installation of ATMs across remote locations is boosting the circulation of cash as well as the demand for secure logistics services.
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Global Secure Logistics 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
Further, the report states that a major challenge for market growth would be the use of cash during troubled economic times and lowered use of ATMs.
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