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.
View summary of this report @ 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
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
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)
Access press release of this report - http://www.grandviewresearch.com/press-release/global-secure-logistics-market
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