Press release
Secure Logistics Global Market Predicted to Augment and Reach over $140.34 Billion at a CAGR of 8.9% By 2028 | DHL Group, Allied Universal, Securitas AB, CEVA Logistics, Lemuir Group
"The new report published by The Business Research Company, titled ""Secure Logistics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Secure Logistics Market Report Structure
3. Secure Logistics Market Trends And Strategies
4. Secure Logistics Market - Macro Economic Scenario
5. Secure Logistics Market Size And Growth
…..
27. Secure Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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