Secure Logistics Market: Exploring Market Demand, Growth Factors, and Competitive Strategies in Securing Supply Chains

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 in the historic period can be attributed to globalization and increased international trade, regulatory compliance and security standards, rising incidents of cargo theft, 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 growth in the forecast period can be attributed to integration of blockchain technology, adoption of autonomous vehicles for transportation, enhanced use of iot and sensor technologies, focus on cybersecurity in logistics networks, green logistics and sustainable practices. Major trends in the forecast period include introduction of gps tracking systems, development of tamper-evident packaging, expansion of secure warehousing facilities, implementation of biometric authentication, introduction of rfid technology.

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.

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Rising Corporate Security Apprehensions Propel Secure Logistics Market Growth
The increasing security concerns among corporations are expected to fuel the growth of the secure logistics market going forward. Security concerns refer to the apprehensions, risks, or potential threats related to the safety, protection, and integrity of various assets, systems, or environments. Secure logistics addresses security concerns by implementing a range of measures and practices designed to mitigate risks and ensure the safe and secure transportation, storage, and handling of valuable or sensitive goods. For instance, In 2023, according to CargoNet AS, a Norway-based logistics security and intelligence company, meticulously documented a total of 692 events pertaining to strategic cargo theft across the United States and Canada. Further, this figure represents a notable 59% increase from 2022. Therefore, increasing security concerns among corporations are driving the growth of the secure logistics market.

Competitive Landscape -
Major companies operating in the secure logistics market report are 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

Increasing Focus On Innovative Secure Logistics Platforms To Provide Reliable Services To The Customers
Major companies operating in the secure logistics market are developing innovative platforms, such as secure journey management services to provide reliable services to the customers. A secure journey management platform refers to a comprehensive and integrated system designed to enhance the safety and security of individuals or assets during their journey from one location to another. The platform provides real-time tracking and visibility into the movement of shipments, vehicles, or assets, allowing logistics operators to monitor their journey progress and location at any given moment. For instance, in September 2023, Delhivery, an India-based logistics and supply chain company, launched a location intelligence solution, LocateOne. This is a location intelligence stack that operates through APIs, offering a range of features to enhance the accuracy of address data. It helps improve rooftop accuracy and reduce address fraud for businesses operating in various sectors, including retail, consumer packaged goods (CPG), e-commerce, fintech, banking, and financial services.

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Key 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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