North America Secure Logistics Market Trends, Size, Segment and Growth by Forecast to 2030

Mobile Segment to Dominate North America Secure Logistics Market During 2021-2028

📚Full Report Link - https://www.businessmarketinsights.com/reports/north-america-secure-logistics-market

According to a new market research study on "North America Secure Logistics Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Application" is expected to reach US$ 20.42 billion by 2028 from US$ 13.49 billion in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the North America secure logistics market along with the drivers and restraints pertaining to the market growth. Growing need for secure logistics for cash circulation and management and rising proliferation of ATMs are the major factor driving the growth of the North America secure logistics market. However, surging penetration of mobile payment and online banking hinders the growth of North America secure logistics market.

The North America market suffered considerable economic losses in the first two quarters of 2020, owing to the high number of COVID-19 cases, especially in the US. The slowdown of economic growth directly impacted the logistics supply chain across the region. Governments imposed lockdowns to limit human movement, which hampered the manufacturing sectors due to lowered production volumes, and severely impacted supply chain and logistics service providers. However, the logistics and supply-chain industry players emphasize digital technologies to cope with losses and continue the business operations. Several logistics companies are focusing on seizing recruitment processes and investing in digital technologies. This is expected to drive the digitization of the logistics supply chain market in North America amid the COVID-19 pandemic.

Market Overview and Dynamics

The North America secure logistics market is projected to grow from $13.49 billion in 2021 to $20.42 billion by 2028, at a CAGR of 6.1%. As globalization drives competition, financial institutions are forming strategic partnerships to expand services. The region's diverse and growing financial sector includes commercial banks, insurance firms, non-banking financial companies, pension funds, and mutual funds.

Recent regulatory reforms have encouraged new market entrants, including payment banks, broadening industry participation. While commercial banks dominate, holding over 64% of total financial assets, governments are actively supporting MSMEs with improved financing access. The continued expansion of banking and financial institutions is expected to drive demand for secure logistics across North America.

Key Market Segments

In terms of type, the mobile segment accounted for the largest share of the North America secure logistics market in 2020. In terms of application, the cash management segment held a larger market share of the North America secure logistics market in 2020.

North America Secure Logistics Market - Company Profiles

• Allied Universal
• BRINK'S INCORPORATED
• G4S Limited
• GardaWorld
• LOOMIS AB
• Prosegur
• SECURE LOGISTICS LLC
• Securitas AB
• SERCO GROUP PLC

North America Secure Logistics Strategic Insights

Strategic insights for the North America Secure Logistics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Secure Logistics Regional Insights

The geographic scope of the North America Secure Logistics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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This release was published on openPR.