North America Secure Logistics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Static and Mobile) and Application (Cash Management, Jewellery and Precious Metals, Manufacturing, and Others)
Market Introduction
The US, Canada, and Mexico are among the prime contributors to the secure logistics market in North America. The US and Mexico are the highest-ranked countries for domestic logistics in the region. Moreover, the US, Canada, and Mexico are top countries known for international logistics. Stable economies and technological advancements aid the growth of diverse markets in the region. Cash transactions are the most common sort of financial transaction in North America, and they are a fundamental instrument. Cash payments are popular due to the ease with which they may be made and the fact that they are free of charge and confidential. According to the US Federal Reserve Bank of Atlanta's "Diary of Consumer Payment Choice survey report," cash payment instrument contributed a significant share with more than one-quarter of payments, approximately 26.0% of all total payment transactions. Cash management and secure logistical planning are essential for ensuring that citizens have access to cash when they need it. For instance, Honduras, Mexico, Jamaica, Nicaragua, and other developing countries in the region are attempting to increase the number of ATMs and bank branches in their country. The average number of bank branches per 100,000 people in North America is 27.82. Cash in circulation is still prevalent due to the widespread use of cash in US households. According to the Federal Reserve Bank of San Francisco, around 89% of American consumers carry cash up to some extent. Thus, a rise in the number of ATMs and an increase in cash withdrawals from ATMs are anticipated to drive the North America secure logistics market during the forecast period.During the COVID-19 pandemic, people were encouraged to avoid physical contact as much as possible to prevent the spread of the COVID-19 virus. As a result, it was envisaged that small and local businesses and large corporations, and supermarkets would use digital currency for money transactions. Hence, in 2020, the secure logistics market faced significant challenges.
The North America market suffered considerable economic losses in the first two quarters of 2020, owing to the high number of COVID-19 cases, especially in the US. The slowdown of economic growth directly impacted the logistics supply chain across the region. Governments imposed lockdowns to limit human movement, which hampered the manufacturing sectors due to lowered production volumes, and severely impacted supply chain and logistics service providers. However, the logistics and supply-chain industry players emphasize digital technologies to cope with losses and continue the business operations. Several logistics companies are focusing on seizing recruitment processes and investing in digital technologies. This is expected to drive the digitization of the logistics supply chain market in North America amid the COVID-19 pandemic.
Market Overview and Dynamics
The North America secure logistics market is expected to grow from US$ 13.49 billion in 2021 to US$ 20.42 billion by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. In this age of globalization, many financial institutions must build strategic relationships to remain competitive and offer a varied range of services to consumers. Several countries across the region has a diverse financial sector that is rapidly expanding, both in terms of established financial services firms' robust growth and new entrants into the market. Commercial banks, insurance firms, non-banking financial companies, co-operatives, pension funds, mutual funds, and other smaller financial institutions make up the sector. New businesses, such as payment banks, have lately been allowed to be established by the banking regulator, expanding the types of entities that operate in the industry. However, financial sector is primarily a banking sector, with commercial banks accounting for more than 64% of the financial system's total assets. The several governments across the region has implemented several reforms to liberalize, regulate, and improve this business. The governments across the region have taken several steps to make it easier for micro, small, and medium enterprises (MSMEs) to obtain financing. The expansion and development in banking and financial institutions is anticipated to continue over the years, which is expected to boost the demand for secure logistics in the coming years across the North America region.
Key Market Segments
In terms of type, the mobile segment accounted for the largest share of the North America secure logistics market in 2020. In terms of application, the cash management segment held a larger market share of the North America secure logistics market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America secure logistics market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Allied Universal, BRINK'S INCORPORATED, G4S Limited, GardaWorld, LOOMIS AB, Prosegur, SECURE LOGISTICS LLC, Securitas AB, and SERCO GROUP PLC among others.
Reasons to buy report
- To understand the North America secure logistics market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America secure logistics market
- Efficiently plan M&A and partnership deals in North America secure logistics market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America secure logistics market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Secure Logistics Market Segmentation
North America Secure Logistics Market - By Type
North America Secure Logistics Market - By Application
- Cash Management
- Jewellery and Precious Metals
- Manufacturing
- Others
North America Secure Logistics Market - By Country
- US
- Canada
- Mexico
North America Secure Logistics Market - Company Profiles
Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Secure Logistics Market – By Type
1.3.2 North America Secure Logistics Market – By Application
1.3.3 North America Secure Logistics Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Secure Logistics Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Secure Logistics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Need for Secure Logistics for Cash Circulation and Management
5.1.2 Rising Proliferation of ATMs
5.2 Market Restraints
5.2.1 Surging Penetration of Mobile Payment and Online Banking
5.3 Market Opportunities
5.3.1 Growth of Banking and Financial Institutions and Infrastructure
5.4 Future Trends
5.4.1 Advent of Big Data and Predictive Analysis
5.5 Impact Analysis of Drivers and Restraints
6. Secure Logistics Market – North America Analysis
6.1 North America Secure Logistics Market Overview
6.2 North America Secure Logistics Market Forecast and Analysis
7. North America Secure Logistics Market Analysis – By Type
7.1 Overview
7.2 North America Secure Logistics Market, by Type (2020 and 2028)
7.3 Static
7.3.1 Overview
7.3.2 Static: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Mobile
7.4.1 Overview
7.4.2 Mobile: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
8. North America Secure Logistics Market Analysis – By Application
8.1 Overview
8.2 North America Secure Logistics, by Application (2020 and 2028)
8.3 Cash Management
8.3.1 Overview
8.3.2 Cash Management: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 Jewellery and Precious Metals
8.4.1 Overview
8.4.2 Jewellery and Precious Metals: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
8.5 Manufacturing
8.5.1 Overview
8.5.2 Manufacturing: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
9. North America Secure Logistics Market – Country Analysis
9.1 Overview
9.1.1 North America Secure Logistics Market Breakdown, By Country
9.1.1.1 US Secure Logistics Market Revenue and Forecast to 2028 (US$ Bn)
9.1.1.1.1 US Secure Logistics Market Breakdown, By Type
9.1.1.1.2 US Secure Logistics Market Breakdown, By Application
9.1.1.2 Canada Secure Logistics Market Revenue and Forecast to 2028 (US$ Bn)
9.1.1.2.1 Canada Secure Logistics Market Breakdown, By Type
9.1.1.2.2 Canada Secure Logistics Market Breakdown, By Application
9.1.1.3 Mexico Secure Logistics Market Revenue and Forecast to 2028 (US$ Bn)
9.1.1.3.1 Mexico Secure Logistics Market Breakdown, By Type
9.1.1.3.2 Mexico Secure Logistics Market Breakdown, By Application
10. North America Secure Logistics Market - COVID-19 Impact Analysis
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Allied Universal
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 BRINK'S INCORPORATED
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 G4S Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 GardaWorld
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SECURE LOGISTICS LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Prosegur
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SERCO GROUP PLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Securitas AB
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 LOOMIS AB
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Secure Logistics market, Revenue and Forecast, 2019–2028 (US$ Bn)
Table 2. US Secure Logistics Market Revenue and Forecast to 2028 – By Type (US$ Bn)
Table 3. US Secure Logistics Market Revenue and Forecast to 2028 – By Application (US$ Bn)
Table 4. Canada Secure Logistics Market Revenue and Forecast to 2028 – By Type (US$ Bn)
Table 5. Canada Secure Logistics Market Revenue and Forecast to 2028 – By Application (US$ Bn)
Table 6. Mexico Secure Logistics Market Revenue and Forecast to 2028 – By Type (US$ Bn)
Table 7. Mexico Secure Logistics Market Revenue and Forecast to 2028 – By Application (US$ Bn)
Table 8. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Secure Logistics Market Segmentation
Figure 2. North America Secure Logistics Market Segmentation – By Country
Figure 3. North America Secure Logistics Market Overview
Figure 4. North America Secure Logistics Market, By Type
Figure 5. North America Secure Logistics Market, By Application
Figure 6. North America Secure Logistics Market, By Country
Figure 7. North America PEST Analysis
Figure 8. North America Secure Logistics Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Secure Logistics Market Impact Analysis of Drivers and Restraints
Figure 11. North America Secure Logistics Market, Forecast and Analysis (US$ Bn)
Figure 12. North America Secure Logistics Market Revenue Share, by Type (2020 and 2028)
Figure 13. North America Static: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 14. North America Mobile: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 15. North America Secure Logistics Market Revenue Share, by Application (2020 and 2028)
Figure 16. North America Cash Management: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. North America Jewellery and Precious Metals: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. North America Manufacturing: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 19. North America Others: Secure Logistics Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 20. North America: Secure Logistics Market Revenue Overview, by Country (2020) (US$ Bn)
Figure 21. North America Secure Logistics Market Breakdown, By Country, 2020 & 2028(%)
Figure 22. US Secure Logistics Market Revenue And Forecast to 2028 (US$ Bn)
Figure 23. Canada Secure Logistics Market Revenue And Forecast to 2028 (US$ Bn)
Figure 24. Mexico Secure Logistics Market Revenue And Forecast to 2028 (US$ Bn)
Figure 25. Impact of COVID-19 Pandemic in North American Country Markets
- Allied Universal
- BRINK'S INCORPORATED
- G4S Limited
- GardaWorld
- LOOMIS AB
- Prosegur
- SECURE LOGISTICS LLC
- Securitas AB
- SERCO GROUP PLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America secure logistics market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America secure logistics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the secure logistics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution