Dublin, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The "Secure Logistics Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Secure Logistics Market Report
The global secure logistics market by revenue is expected to grow at a CAGR of over 5% during the period 2019-2025.
The global secure logistics market size by revenue is likely to cross over $20 billion by 2020. The global market is dominated by cash-in-transit services. The industry has witnessed the growing adoption of new technology in logistics industry by major secure logistics market players to ensure the safety and security of cash-in-transit vehicles. The demand increased for services such as cash pick-up & delivery, intercity bulk cash movement, and ATM cash management. This is expected to contribute to the growth of the cash supply services in the APAC region with a significant upsurge in secure logistics services during the forecast period.
Since the outbreak of the COVID pandemic, the banking sector worldwide has witnessed a slowdown in their activities and has majorly affected. The pandemic has jolted the financial market. Between February 2020 and April 2020, financial markets mainly from the Americas, APAC, and Europe have been whipsawed. Due to shutdowns and income slowdown, the repayment of loans in Europe may cease leaving the banks dry. Banks in India and China are likely to witness a spike in the non-performing assets ratio by 1.9% and 2%, respectively, in 2020. The Covid-19 crisis is expected to weigh on the credit quality of APAC financial institutions. It was estimated that the region is likely to hit $1.4 trillion in non-performing assets and additional credit costs of about $440 billion by the end of 2020.
Insights by Vendors
The global secure logistics market is highly competitive due to the presence of several global, regional, and local players. The majority share of the market is captured by global players including Brink's, G4S, Garda World, Loomis, and Prosegur. To maintain a competitive advantage with other players in the market, global players are focusing on inorganic growth strategies, developing differentiated services by making high-value investments in technology.
In addition, the threat of new entrants in the industry is low due to the high regulatory compliance and the client's preference toward well-established companies. Therefore, high competition is witnessed among major players for global secure logistics companies.
Key Questions Answered
1. What is the secure logistics market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the global secure logistics market shares?
3. Which service type/end-users/region is generating the largest revenue in the Europe region?
4. Who are the leading vendors in secure logistics market, and what are their market share?
5. What is the impact of the COVID-19 pandemic on the secure logistics market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation By Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market At A Glance
7.2 Impact Of COVID-19
7.3 Global Economy: 2019
8 Market Opportunities & Trends
8.1 Increasing Demand For ATMs In Emerging Countries
8.2 Rising Cash Demand In Emerging Economies
8.3 Increase In Number Of High Technology-Based Vehicles
8.4 Emergence Of Iot Connecting Devices
9 Market Growth Enablers
9.1 Global Increase In Cash Circulation
9.2 Increased Preference For Outsourcing Cash Management Solutions
9.3 Rapid Expansion Of Financial Institutions & Banks In APAC & Africa
9.4 Rise In Security Concerns Among Banks And Financial Institutions
10 Market Restraints
10.1 Highly Competitive Cash Logistics Market
10.2 Growing Use Of Electronic Payment Methods
10.3 Slump In Global Banking Activities Due To Covid-19
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat Of New Entrants
11.3.2 Bargaining Power Of Suppliers
11.3.3 Bargaining Power Of Buyers
11.3.4 Threat Of Substitutes
11.3.5 Competitive Rivalry
12 Service Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Cash Services
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Security Services
13 End User
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Financial Institutions
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market By Geography
14.1 Market Snapshot & Growth Engine
14.2 Geographic Overview
Knoxshield Security Logistics
Cash Logistik Security
Global Security Logistics
Other Prominent Vendors
Oliva & Associates
Radiant Cash Management Services
For more information about this report visit https://www.researchandmarkets.com/r/rzqbet
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