Mobile Segment is Expected to be Fastest Growing During Forecast Period for MEA Region

According to a new market research study on “MEA Secure Logistics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 3.03 billion by 2028 from US$ 2.26 billion in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report provides trends prevailing in the MEA secure logistics market along with the drivers and restraints pertaining to the market growth. Growing use of big data and predictive analysis and surging banking and financial institutions and infrastructure are the major factor driving the growth of the MEA secure logistics market. However, increasing penetration of mobile payment and online banking hinders the growth of MEA secure logistics market.

The MEA logistics supply chain is majorly affected by disruptions in national and international supply chains during the COVID-19 crisis. The shutdown of other country borders disturbed the supply chain of several components and parts in the region, which has hampered the performances of manufacturing facilities. The interruption in the international supply chain weakens the logistics sector in the MEA countries. In addition, countries with a greater number of oil & gas companies are experiencing disruptions in businesses due to restrictions on logistics operations. The penetration of advanced technologies is comparatively less in the MEA, and thus, logistics service providers rely more on traditional logistics approaches; this further hindered the secure logistics market in the region in 2020. In 2021, with the uplifting of lockdown and pacing up of vaccination processes, the logistics services have resumed their operations due to growing use of online shopping platforms and ATM services, and increasing manufacturing and construction activities, and opening of retail shops and shopping malls in the MEA. 

The MEA secure logistics market is segmented on the basis of type, application, and country. On the basis of type, the market is segmented into static and mobile. The static segment dominated the MEA secure logistics market in 2020 and mobile segment is expected to be fastest growing during forecast period. Based on the application, the market is segmented into cash management, jewellery and precious metals, manufacturing, and others. The cash management segment dominated the MEA secure logistics market in 2020 and same segment is expected to be fastest growing during forecast period.  Further, on the basis of country, the market is primarily segmented into the UAE, South Africa, Saudi Arabia, Turkey, and rest of MEA.

BRINK'S INCORPORATED, G4S Limited, GardaWorld, LOOMIS AB, Prosegur, Securitas AB, and SERCO GROUP PLC are among the leading companies in the MEA secure logistics market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Loomis AB has entered into an agreement to acquire certain assets and liabilities of SecurePost AG (SecurePost), a subsidiary of Die Schweizerische Post AG, through its wholly owned subsidiary Loomis Schweiz AG (Loomis Switzerland) (Swiss Post Group). All applicable customer contracts, staff, and operational assets are included in the transaction scope

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