Secure Logistics Industry to Achieve $151.89 Billion Growth by 2029

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How Will the Secure Logistics Market Grow by 2025 in Terms of Size and Growth?
Recent years have seen a robust growth in the size of the secure logistics market. The expected growth will take it from $99.96 billion in 2024 to $108.56 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth in the past have included globalization and a rise in international trade, adherence to regulatory compliance and security standards, an increase in cases of cargo theft, and technological advancements in surveillance and access control systems.

What Are the Estimated Growth Rates for the Secure Logistics Industry Through 2029?
The market size of secure logistics is projected to experience substantial growth in the forthcoming years, reaching $151.89 billion in 2029 with a CAGR of 8.8%. This predicted growth during the forecast period is due to the incorporation of blockchain technology, the embrace of self-driving vehicles for transport, increased usage of internet of things (iot) and sensor technologies, emphasis on cybersecurity in logistics networks, and the push for green logistics and sustainable practices. The period of forecast will also see major trends such as the launch of GPS tracking systems, the creation of tamper-proof packaging, the widening of secure warehousing facilities, the introduction of biometric authentication, and the deployment of radio frequency identification (RFID) technology.

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What Are the Strategic Drivers Boosting Secure Logistics Market Performance?
The rise in safety concerns among businesses is predicted to spur the expansion of the secure logistics market. These concerns pertain to the fears, hazards, or possible threats linked to the security, safeguarding, and reliability of various assets, systems, or environments. Secure logistics counter these concerns by applying diverse measures and procedures aimed at reducing risks and ensuring the secure transportation, storage, and handling of valuable or sensitive items. For instance, in 2023, CargoNet AS, a Norwegian firm specializing in logistics security and intelligence, carefully recorded a total of 692 incidents of strategic cargo theft in the US and Canada. This figure signifies a significant 59% rise from 2022. Thus, the mounting security concerns among businesses are propelling the expansion of the secure logistics market.

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What Are the Segments in the Secure Logistics Market?
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

Subsegments:
1) By Static: Warehousing Solutions, Secure Storage Facilities, Fixed Security Systems
2) By Mobile: Mobile Transport Solutions, Secure Vehicle Fleet, Real-Time Tracking Systems

What Are the Key Adoption Trends in the Secure Logistics Market?
Leading firms within the secure logistics market are introducing innovative solutions, like secure journey management services, aiming to offer dependable services to their clientele. A secure journey management platform is essentially a detailed, seamless system devised to boost the safety and protection of people or goods during transit from one place to another. The system equips logistic providers with the ability to track shipments, vehicles, or assets in real-time, enabling them to monitor their precise location and transit status at any time. For instance, in September 2023, Delhivery, a notable logistics and supply chain firm based in India, rolled out a location intelligence solution known as LocateOne. This location intelligence tool, operating through APIs, extends an assortment of features aimed at improving the precision of address data. It is helpful in enhancing rooftop accuracy and mitigating address fraud for enterprises in different sectors, such as retail, consumer packaged goods (CPG), e-commerce, fintech, banking, and financial services.

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Which Companies Lead the Competitive Landscape of the Secure Logistics Industry?
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

Where Are the Key Secure Logistics Market Opportunities by Region?
Europe was the largest region in the secure logistics market in 2024. The regions covered in the secure logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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