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.
For more info visit here: https://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
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)
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/secure-logistics-market/request/rs1
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.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment