Secure Logistics Market Size, Share & Trends Report

Secure Logistics Market Size, Share & Trends Analysis Report By Application (Cash Management, Diamonds, Jewelry & Precious Metal, Manufacturing), By Mode of Transport, By End-user, By Type (Static, Mobile), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-322-5
  • Number of Pages: 80
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the secure logistics market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for secure logistics market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of secure logistics market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Secure Logistics Market Categorization:

The secure logistics market was categorized into three segments, namely application (Cash Management, Diamonds, Jewelry & Precious Metals, Manufacturing), type (Static, Mobile), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The secure logistics market was segmented into application, type, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The secure logistics market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; the UK.; Germany; China; India; Japan; Brazil; Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Secure logistics market companies & financials:

The secure logistics market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Brink’s Incorporated - Brink’s Incorporated is a U.S.-based security and protection company. The company primarily engages in providing cash management, logistics, security, and payments-related services. It has subsidiaries located in 41 countries, including Canada, Argentina, Brazil, Colombia, Germany, Japan, Russia, and others. It is a publicly operated company listed on the New York Stock Exchange as NYSE: BCO. Brink’s Incorporated’s service offering includes core services such as cash-in-transit (CIT) service and ATM services such as cash replenishment, replenishment forecasting, transaction processing, cash optimization, service call dispatching, ATM remote monitoring, installation, and maintenance services. Additionally, the company offers global secure transport of high-value commodities, including diamonds, jewelry, precious metals, currency, securities, high-tech electronics, devices, and pharmaceuticals. The company offers bullet-resistant armored trucks to carry money and valuable goods. The company also provides cash management services such as counting, sorting, condition checking of the bills, wrapping, etc. Along with this, it caters to security services such as guarding, electronic surveillance, and fire prevention to their customers. Brink’s Incorporated caters its services to customers from more than 100 countries, including North America, South America, Europe, Africa, the Middle East, Asia Pacific, and Australia. Its customers include retailers, government agencies, financial institutions, jewelers, and other commercial businesses worldwide. It has around 1,200 facilities and more than 13,600 vehicles for its global operations.

  • CargoGuard GmbH - CargoGuard GmbH is a privately owned security service & technology provider. The company offers security containers, hidden security modules, mobile supply chain security systems, and software products. Since January 2017, its business operations have been carried out by the company T&C Systeme GmbH. CargoGuard GmbH offers portable tracking solutions, secure monitoring services for valuable goods, fixed tracking solutions, and a wide range of security containers through the brand CargoShield. The company also provides numerous services, including M2M and telematics, intervention management, and project management. CargoGuard GmbH caters to various customers from sectors and industries, including consumer electronics, automotive, semiconductor, tobacco, luxury goods, precious metals, and manufacturing. The company primarily caters to customers from Germany.

  • CMS Info Systems (CMS.COM) - CMS Info Systems is a privately owned cash management and payment solutions firm. The company operates as a subsidiary of Baring Private Equity Asia, a private equity firm dedicated to the Asian market since September 2015. Previously, CMS Info Systems was owned by Blackstone Group L.P (U.S.). CMS Info Systems offers various cash management solutions, including ATM management solutions such as ATM line maintenance and cash replenishments. It also provides retail & enterprise solutions such as cash pick-up & store management and currency management solutions such as currency processing, bulk transit, and vaulting. Additionally, the company provides card solutions such as card personalization and migrating cards to EMV standards in India. The company also offers information technology services, print & digital solutions, and training. The primary customer base of CMS Info Systems is in India, and the company manages 115,000 ATMs and retail points in the country. Its customers include leading banks, top retail chains, and well-known insurance majors.

  • G4S plc - G4S plc is a security services company formed by a union of Securicor plc (UK) and Group 4 Falck (Denmark). G4S operates through two primary business segments, namely, secure solutions and cash solutions. It is a publicly operated company and is traded on the London Stock Exchange as LSE: GFS. G4S plc offers numerous services through the security solutions business segment. These include on-site, mobile, and remote security professional services, risk consulting, investigations, monitoring and response security operations, data analytics, integrated security systems, and predictive & pre-emptive security operations. G4S plc caters security services to numerous sectors and industries, including government, oil & gas, transport & logistics, financial institutions, retail, mining, energy & utilities, and ports & airports. The company operates an integrated security business in more than 90 countries across regions, including Europe, Asia, the Middle East & Africa, and the Americas. The company also caters to customers through more than 40,000 suppliers from around the globe.

  • GardaWorld - GardaWorld is a privately owned security services company based in Canada. The company offers various business solutions, including security services, cash services, and specialized consulting services. The company offers various cash services such as armored truck transport, cash vault services, ATM services, and smart safes. Additionally, the company provides specialized services such as travel security, crisis management, security consulting, roadside assistance, traffic control services, and facilities management. The company also offers numerous security services, including mobile patrol, security guards, executive protection, fire protection, event security, loss prevention, airport security, police support services, asset tracking, and K9 security. GardaWorld offers security services to various sectors, including financial institutions, government and public sector, retail, and hospitality. The company also serves customers from other sectors, including aviation, construction, defense, education, federal services, healthcare, NGO, oil, gas, and mining. The company has a vast geographic footprint across regions, including North America, the Caribbean, Europe, Middle East, and Africa.

  • Lemuir Group - The Lemuir Group provides comprehensive logistics solutions to the customers. The group operates through two companies, including Lee & Muirhead Pvt. Ltd., and Lemuir Express. Lemuir Group, through all its companies, offers various services, which include bulk handling, consulting & advisory, customs clearance, port handling & stevedoring port representation, project cargo forwarding, steamer agency & chartering surface transport, and warehousing. Lee & Muirhead Pvt. Ltd. offers warehousing & distribution, charters, international transportation, customs clearance, stevedoring, and port handling. The company specializes in providing overdimensional and super-heavy cargo. Lee & Muirhead Pvt. Ltd. also engages in route surveys, complete logistics, reports, and handling planning. Lemuir Express provides integrated logistics solutions to facilitate Gems and Jewelry trade between India and other countries. The company focuses on constant innovation, service upgrades, and the cost-effectiveness of services provided to the customers. Lemuir Secure Logistics Pvt. Ltd. offers cash handling services and valuable goods transport. It provides international secure logistics services for transporting valuables such as jewelry and diamonds. The company has more than 16 offices in India.

  • Loomis AB - Loomis AB is a Sweden-based provider of international valuables logistics solutions. The company was formed by consolidating two companies, namely Loomis Armored, Inc and Wells Fargo Armored Service. Loomis offers comprehensive solutions to handle and transport primarily foreign currencies and precious metals across the globe. Loomis AB offers various services, such as international valuables transport, storage, exhibition services, customs clearance, and cash management services. The company provides secure logistics services by air, sea, and an armored road vehicle. It handles import and export regulations, customs, and other legal procedures for transportation and offers secure storage options for valuable goods. Loomis AB started offering international valuable logistics services after acquiring the company VIA MAT (Sweden) in 2014. It has a global presence and offers its transportation services in more than 20 countries worldwide through its branches. The company also operates through business partners, agents, and suppliers in countries including Canada, the U.S., Argentina, the UK, Germany, Scandinavia, India, China, Turkey, and others.

  • Maltacourt - maltacourt is an international freight forwarding and shipping company. It is a private firm that specializes in sea freight, air freight, and road freight, as well as warehousing services. maltacourt’s service offering includes secure multimodal logistics and flexible freight services. It offers local, national, and regional trucking, door-to-door full container load (FCL)/less than container load (LCL), secure pharmaceutical transportation, and high-security warehousing. The company also provides inventory management, cross-docking, customs brokerage, and product assembly services. maltacourt serves numerous customers internationally from various pharmaceuticals, consumer electronics, retail, and furniture. It is based in the UK and has offices located in Runcorn, Slough, Feltham, and Budapest. It also has international offices in Hungary, Australia, and Canada.

  • PlanITROI, Inc. - PlanITROI, Inc. is a privately held provider of IT asset disposition services. PlanITROI, Inc. offers numerous services, including asset value recovery, disposition, refurbishing, computer recycling, computer remarketing, computer re-certification, and reverse logistics. Other service offerings by the company include lease return management and IT financial planning. PlanITROI, Inc. offers secure logistics services with sealed trucks, GPS tracking, online tracking, dual drivers, armored vehicles, and follow-on vehicles. It provides secure logistics services through a partnership with third-party logistics providers. The company caters the service to the government, educational institutes, healthcare facilities, financial corporations, enterprises, retailers, resellers, and OEMs from more than 115 countries worldwide.

  • Prosegur - Prosegur is a Spain-based private security services provider. It is a publicly operated company and is listed on the Bolsa de Madrid Stock Exchange as BMAD: PSG. The company operates under three business lines—Prosegur Security, Prosegur Alarms, and Prosegur Cash. Prosegur Cash’s service portfolio includes logistics services such as collection, transportation, custody, delivery, and deposit of valuable merchandise and cash. It transports high-value merchandise such as art, jewelry, precious metals, pharmaceuticals, ballots and judicial evidence, and electronic devices. The company offers secure logistics services by land, sea, and air. In addition, it provides cash management solutions, management of ATMs, first- and second-level maintenance of ATMs, and other outsourcing services. Prosegur Security offers various solutions such as manned guarding, electronic security systems, mobility services, comprehensive systems maintenance, cybersecurity, fire protection, global risk analysis, consultancy, and control center activities. Prosegur caters to customers from various sectors, including BFSI, government, retail, precious metals, and others. It has a global presence with offices in 26 countries, including the U.S., Mexico, Brazil, Chile, Uruguay, Argentina, Portugal, Spain, France, Germany, India, South Africa, Singapore, China, and Australia, among others.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Secure Logistics Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Secure Logistics Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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