Cash Management Segment is Expected to be Fastest Growing During Forecast Period for SAM Region  

According to a new market research study on “SAM Secure Logistics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 2.57 billion by 2028 from US$ 1.83 billion in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the SAM secure logistics market along with the drivers and restraints pertaining to the market growth. Growing proliferation of ATMs and expansion of banking and financial institutions and infrastructure are the major factor driving the growth of the SAM secure logistics market. However, increasing penetration of mobile payment and online banking hinders the growth of SAM secure logistics market.

In 2020, the secure logistics companies involved in cash management logistics operations across SAM countries experienced tremors due to the onset of the COVID-19 pandemic, which led the country governments to mandate travel bans, flight cancelations, and quarantine measures. In 2021, with relaxation in lockdown rules and acceleration of vaccination processes, the logistics businesses have resumed operations with growing online shopping, ATM needs, and manufacturing and construction activities, along with the opening of retail shops and shopping malls in SAM.

The SAM 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 SAM 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 SAM 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 Brazil, Argentina, Chile, and rest of SAM.

Allied Universal, BRINK'S INCORPORATED, G4S Limited, Prosegur, Securitas AB, and LOOMIS AB are among the leading companies in the SAM 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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