Is Adoption of IoT Enabling High Security in the Secure Logistics Industry?

According to the latest Arizton's market research report, the secure logistics industry to be valued at around USD 26 billion by 2025, growing at a CAGR of over 5% during the forecast period.

Secure Logistics Industry Growth 

Rising concerns of security measures in banks and financial institutions have impacted the rapid upsurge of the secure logistics industry. The significant growth in multiple number of ATM installations and increasing security concerns are expected to boost revenues in the secure logistics industry globally. The consistent shift towards outsourcing cash management services such as secure logistics is growing tremendously on a global level in the banking industry. The growth of manufacturing, retail,  and transportation sectors with the need for increased security services are amongst the top trends in the secure logistics industry.

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Emergence of IoT and Connecting Devices

The increase in the number of crimes during cash transits has pushed the governments and banking authorities across the globe to upgrade their security standards for cash logistics services. However, to minimize crimes, players are adopting IoT-based tracking and security devices to ensure safe cash transit by the end-users. The inception of cutting-edge technological framework for the cash logistics using IoT and blockchain is expected to drive the demand in the secure logistics industry during the forecast period. Central banks and government are implementing new guidelines to increase safety, thereby, encouraging the several vendors to adopt IoT-based security devices in the secure logistics industry.

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Key Offerings:

• Market Size & Forecast by Revenue | 2019−2025
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Segmentation – A detailed analysis by service type, end-users and geography
• Competitive Landscape – 4 Key Company Profiles and 21 Other Prominent Vendors

Secure Logistics Industry – Geographic Analysis

North America is known as the largest market for secure logistics consisting of a large number of players. The US is a major revenue contributor in the secure logistics industry not only in North America but also across the globe. Rapid urbanization and increasing security concerns for shipment of premium and valuable goods are expected to act as major drivers for secure logistics services in the region. The secure logistics industry in APAC is expected to be driven by the increase in cash in circulation across developing economies during the forecast period. The increase in the installation of smart ATMs is expected to boost the growth of the secure logistics industry across several emerging economies in APAC.

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Competition Overview

The secure logistics industry is highly competitive with the presence of global, regional, and local players. To maintain a competitive advantage over other players, global vendors are focusing on inorganic growth strategies and developing differentiated services by making high-value investments in technology in the global market. The competition is highly intense, due to the largely untapped market in emerging economies. The global players are focusing on expanding their footprint in developing markets to cater to the growing concerns of the high security of cash management in banks and financial institutions. The growth of the vendors also depends on financial conditions, the banking and financial sectors, the growing retail sector, and the GDP of the country.

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