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Worldwide Secure Logistics Market Expected To Reach USD$ 72.2 Billion By 2020 With A CAGR Of 9.38% Between 2016 And 2020

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Worldwide Secure Logistics Market Expected To Reach USD$ 72.2 Billion By 2020 With A CAGR Of 9.38% Between 2016 And 2020 http://www.gosreports.com/worldwide-secure-logistics-market/
Worldwide Secure Logistics Market Expected To Reach
USD$ 72.2 Billion By 2020 With A CAGR Of 9.38% Between
2016 And 2020
Date: 2016-08-03
The Secure Logistics market was estimated at USD$ 46.1 billion in 2015, and is anticipated
to reach USD$ 72.2 billion by 2020, expanding at a CAGR of 9.38% between 2016 and
2020.
Vendors in the global secure logistics market are involved in the physical transportation of
cash and other valuables from one location to another. They are also involved in manning
and guarding high-risk zones such as embassies, airports, and public venues. Cash
logistics services include a gamut of services such as management of ATMs, armored
transportation and management of cash, transportation of valuables, and international
shipping of high-tech devices. Security logistics services include armed and unarmed
guarding, protection services, and electronic monitoring of premises. The global secure
logistics market is labor-intensive as well as capital-intensive.
A key growth driver for secure logistics market is the shift by secure logistics providers to
emerging markets. Over the past few years, there has been a steady shift of operational
bases by multinational secure logistics companies to emerging markets such as Asia and
South America. The secure logistics market in APAC is expected to register the fastest
growth during the forecast period, posting a CAGR of 6.12%. The banking crisis witnessed
in Europe in 2009 has prompted these moves, as secure logistics companies took a big hit
during this crisis, with many banks and financial institutions requesting bailouts. Secure
logistics companies are also moving to developing markets to expand their reach and avail
first-mover advantage in these markets.
During 2015, cash demand increased by 5% in Europe and by more than 11% in the
BRICS nations. The market is expected to grow at a steady pace in established markets
such as Europe and the US. The markets in APAC, MEA, and Latin America are expected to
grow at a rapid pace owing to the expansion of banking and financial institutions and also
because of the threat to security in these regions.
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The growing affinity toward outsourcing is also expected to fuel the demand for secure
logistics between 2016 and 2020. The major factor contributing to the total outsourcing of
cash management and security is the rise in the number of ATMs across the world, which
is projected to be around 46% by the end of 2020.
Read Full Report: http://www.gosreports.com/global-connected-logistics-market-researchreport-analysis/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
New link: http://www.gosreports.com/worldwide-secure-logistics-market/
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Endlessdeveloping Law
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