The global secure logistics 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.
Browse full research report on 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
Browse more reports of this category by Grand View
Research: http://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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Mexico
- Brazil
- Middle
East and Africa (MEA)
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.
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