The global securelogistics market size is
anticipated to reach USD 109.25 billion by 2025, according to a new report by
Grand View Research, Inc. ATMs play a vital role in maintaining the core
banking touchpoint with consumers. Initially, ATMs were introduced to reduce
congestion in branches. However, the types of services provided at ATMs have
expanded significantly.
According to the World Bank statistics, in
2014, 62% of the world’s adult population had a bank account compared to 51% in
2011. The increasing trend toward introducing cash recycling ATMs is likely to
accelerate the ATM market. Economic size and population density have a positive
impact on the financial sector. The densely populated countries have a higher
ATM penetration and higher geographic branch.
The transport companies are operating under
increasing financial challenges, including fuel prices and various natural
disasters. The transport companies are experiencing low-profit margins that
enabled industries to have repeated business from a satisfied customer. The
lack of appropriate security personnel, coupled with the lack of appropriate
training, would delay the detection of stolen freight and incur more loss to
firms. Transport security encompasses maritime, aviation, air cargo supply
chain, and mass passenger transport system.
Transport industry players are acting as
transnational companies, offering international freight service across the
globe. This increased the risk of terrorist activities seeking to cause mass
casualties and economic damages. In Australia, the air cargo supply chain
security is regulated under the Aviation Transport Security Regulations 2005
and Aviation Transport Security Act 2004. Lack of law targeting organized theft
of freight is expected to restraint the industry demand over the forecast
period.
Though majority of companies have
implemented up-to-date technologies to track goods over the Internet, they
still suffer losses through theft or compliance owing to various reasons
including laziness and lack of time for the employees. Companies are providing
training for contractors and employees about freight handling and risk analysis
to reduce the shrinkage.
However, the increasing penetration of
mobile payments is likely to restrain the market growth. Emerging markets, such
as Japan, India, China, Taiwan, Malaysia, and Japan, are localizing their
content for mobile platforms for maximizing their potential sales. The NFC
technology is widely used at pay terminals using mobile devices. Retailers such
as Macy’s (U.S.), Walgreens Company (U.S.), and Target Corporation (U.S.) have
started using the technology with Google Wallet.
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Research :
http://www.grandviewresearch.com/industry-analysis/secure-logistics-market
http://www.grandviewresearch.com/industry-analysis/secure-logistics-market
Further key findings from the report suggest:
·
The increasing use of Transportation
Management System (TMS) to process a high volume of shipments is likely to spur
the market growth
·
The diamonds, jewelry & precious metals
application is anticipated to witness a significant growth with a CAGR of over
8.9% over the projected period
·
The static type is anticipated to dominate
the market in terms of revenue in 2015 owing to the increasing need for manned
guard for various applications
·
The rapid expansion of banking and
financial institutions is expected to drive the Asia Pacific region demand
·
The key players in the secure logistics
market include Loomis (Sweden), Lemuir Group (India), GardaWorld Corporation (Canada),
and Maltacourt Global Logistics (UK)
·
The secure logistics industry is currently
going through a consolidation phase and companies are adopting M&A
activities to stay ahead of competition
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Research: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
secure logistics market on the basis of application, type, and region:
Secure Logistics Application Outlook (Revenue, USD
Billion, 2014 - 2025)
·
Cash management
·
Diamonds, jewelry & precious metals
·
Manufacturing
·
Others
Secure Logistics Type Outlook (Revenue, USD Billion, 2014
- 2025)
·
Static
·
Mobility
Secure Logistics Regional Outlook (Revenue, USD Billion,
2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Mexico
o Brazil
·
Middle East and Africa (MEA)
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release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-secure-logistics-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
