LONDON–(BUSINESS WIRE)–The global secure logistics market size is expected to grow by USD 20.37 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 6%. Request free sample pages
Read the 120-page report with TOC on “Secure Logistics Market Analysis Report by Service (Security services and Cash services) and Geographic Landscape (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024”.
https://www.technavio.com/report/secure-logistics-market-industry-analysis
The market is driven by the need for secure logistics for global cash circulation. In addition, the ability to track shipments is anticipated to boost the growth of the secure logistics market.
The popularity of electronic and mobile payment methods is increasing significantly across the world. However, cash remains one of the most important payment methods. This is because around 2 billion people across the world still do not have a bank account. Also, many people rely more on cash transactions due to the lack of security in online platforms. The rising need for cash circulation in the global market is driving the demand for cash logistics, which is fueling the growth of the market.
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Major Five Secure Logistics Companies:
Allied Universal
Allied Universal operates its business through segments such as Security Services, Technology Services, and Professional Services. The company offers personalized security services for small and large enterprises in North America.
G4S Plc
G4S Plc operates its business through segments such as Secure Solutions, Cash Solutions, and Other. The company offers secure logistics to commercial banks, refiners, central banks, governments, pharmaceutical manufacturers, and major companies with valuable cargo shipping requirements.
GardaWorld Security Corp.
GardaWorld Security Corp. operates its business through segments such as Security services, Consulting and specialized services, and Cash services. The company offers a team of skilled and experienced professionals to protect clients businesses, employees, and assets. The company also offers end-to-end cash services solutions, from armored truck transport and ATM services to vault services and smart safe technology.
Loomis AB
Loomis AB operates its business through segments such as Cash in Transit, Cash management services, and International valuables logistics. The company offers cross border transportation and storage of cash, precious metals, and other valuables.
Maltacourt Ltd.
Maltacourt Ltd. operates its business through the Flexible freight segment. The company offers transportation and storage services for cash, precious metals, and others.
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Secure Logistics Service Outlook (Revenue, USD bn, 2019-2024)
- Security services – size and forecast 2019-2024
- Cash services – size and forecast 2019-2024
Secure Logistics Regional Outlook (Revenue, USD bn, 2019-2024)
- APAC – size and forecast 2019-2024
- Europe – size and forecast 2019-2024
- MEA – size and forecast 2019-2024
- North America – size and forecast 2019-2024
- South America – size and forecast 2019-2024
- Key leading countries
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