Middle East and Africa Secure Logistics Market

Market Introduction

The Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. The logistics business in the Middle East is highly dependent on the smooth flow of information and owing to the requirement for real-time visibility for information and most of the companies are seeking forward to implement smartphones and cloud technology as their key information tools. In logistics, the robust transportation network is mandatory to ensure timely delivery of consignments to enhance customer services. This growth of the industry across the region is majorly attributed to its exponential growth in terms of investment and various initiatives by the government. However, the limited economic activity in the region might adversely impact the growth of the secure logistics industry for the coming years. Countries of the Middle East are looking ahead for the adoption of value-added logistics services for industries while African countries are observing to catch up with modern technologies. However, Urbanization in the Middle Eastern is transforming the outlook of countries. MEA stands amongst the most highly urbanized region which also faces construction of with new cities. With response to the continuous shift in global economic power has positioned the Middle East firmly as a world’s fastest-growing market, including Dubai and Abu Dhabi intending to turn into global hubs. Moreover, the government is also taking initiatives for the enhancement of its logistics sector. For instance, the principal investment arm of the Dubai Government, the Investment Corporation of Dubai launched ISS Global Forwarding, focused on supply chain logistics.

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.  

Market Overview and Dynamics

The MEA secure logistics market is expected to grow from US$ 2.26 billion in 2021 to US$ 3.03 billion by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. Banks are focused on enhancing branchless banking by launching e-lobbies specifically designed to increase customer service and transaction simplicity. Through the use of cash recyclers, cash dispensers, and multi-functioning kiosks, banks may provide consumers with all financial transactions, information, and solutions 24 hours a day, seven days a week. Banks use e-lobbies to provide self-service banking services such as cash withdrawals, cash deposits, card-to-card transfers, passbook printing, NEFT, SMS alerts, and other banking services without the assistance of the bank's physical employees. With the changing dynamics of digital payments, ATMs, which have become a common sight in almost every town, are proving unable to meet the needs of digitally informed clients. To improve client experience, e-lobbies and cash recyclers have been introduced, and these services have proven to be incredibly beneficial. Manufacturers of ATM equipment are focusing more on product innovation and the incorporation of cutting-edge technologies as market awareness grows. Self-service ATMs are an example of a game-changing technology that combines several functions into a single device. These ATMs are a one-stop shop for tasks like cash deposit, withdrawal, check deposit, coin dispense, internet banking, other banking products and services like credit cards and loans, opening and changing bank accounts, and video-assisted remote teller options, allowing the bank to move closer to branch automation. This factor is heavily boosting the MEA secure logistics market growth, which is anticipated to continue during the forecast period.

Key Market Segments

In terms of type, the static segment accounted for the largest share of the MEA secure logistics market in 2020. In terms of application, the cash management segment held a larger market share of the MEA 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 MEA 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 BRINK'S INCORPORATED, G4S Limited, GardaWorld, LOOMIS AB, Prosegur, Securitas AB, and SERCO GROUP PLC among others.  

Reasons to buy report

• To understand the MEA 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 MEA secure logistics market
• Efficiently plan M&A and partnership deals in MEA 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 MEA secure logistics market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Secure Logistics Market Segmentation

MEA Secure Logistics Market - By Type

• Static
• Mobile

MEA Secure Logistics Market -

By Application

• Cash Management
• Jewellery and Precious Metals
• Manufacturing
• Others

MEA Secure Logistics Market - By Country

• Saudi Arabia
• UAE 
• South Africa
• Turkey
• Rest of MEA

MEA Secure Logistics Market - Company Profiles

• BRINK'S INCORPORATED
• G4S Limited
• LOOMIS AB
• Prosegur 
• Securitas AB
• SERCO GROUP PLC 
• SIS LIMITED

Middle East and Africa Secure Logistics Strategic Insights

Strategic insights for the Middle East and Africa Secure Logistics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Secure Logistics Report Scope

Middle East and Africa Secure Logistics Regional Insights

The geographic scope of the Middle East and Africa Secure Logistics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.