South America Secure Logistics Market
Market Introduction
The SAM secure logistics market is sub segmented into Brazil, Argentina, and Chile. The recent technological developments have had a direct impact on the economy of Brazil, which is advanced to a large extent. A recent study says that due to the changing economic condition in South America, government enterprises, businesses, and consumers in the region are keen to implement and incorporate the upcoming technologies. The surge in implementation of technologically driven logistics services and increase in IoT-enabled connected devices adoption to propel the growth of the SAM secure logistics market. The requirement of secure movement and management services for cash has increased, owing to the rising security concerns among the financial institutions in SAM. However, the COVID-19 pandemic has significantly affected the secure logistics market in SAM; it has driven many commercial operations to halt. Brazil had the highest number of COVID-19 cases in the region, followed by Ecuador, Peru, Chile, and Argentina. To prevent the spread of the infection, governments imposed travel restrictions, lockdowns, and trade bans. However, with the release of the COVID-19 vaccine, the region's economy is slowly recovering and is expected to return to normalcy by late 2021. 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.
Market Overview and Dynamics
The SAM secure logistics market is expected to grow from US$ 1.83 billion in 2021 to US$ 2.57 billion by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The increased use of cash logistics solutions such as cash management and cash-in-transit has resulted from the increase in currency circulation in the economy. The adoption of cash logistics services improves cash management and provides benefits such as the reduced risk of errors, improved cash flow, and more. As a result, an increase in cash circulation propels the secure logistics market ahead across the region. Further, multinational cash logistics corporations have been steadily shifting their operations bases to rising areas across the region. The cash logistics industry took a major hit during the banking crises in 2009, with several banks and financial institutions requisitioning bailouts. Cash logistics firms are also expanding their reach into emerging countries to get a competitive advantage. In recent days, the number of cash-in-transit vehicle robberies has skyrocketed. In several countries, for example, a surge in cash robbery is one of the key causes discouraging cash logistics companies from accepting cash payments. In recent financial years, cash-in-transit robberies surged by roughly 56%, resulting in an increase in demand for secure logistics for cash movement and management by cash logistics companies across the SAM region.
Key Market Segments
In terms of type, the static segment accounted for the largest share of the SAM secure logistics market in 2020. In terms of application, the cash management segment held a larger market share of the SAM 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 SAM 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 Allied Universal, BRINK'S INCORPORATED, G4S Limited, Prosegur, Securitas AB, and LOOMIS AB among others.
Reasons to buy report
SAM Secure Logistics Market Segmentation
SAM Secure Logistics Market - By Type
SAM Secure Logistics Market -
By Application
SAM Secure Logistics Market - By Country
SAM Secure Logistics Market - Company Profiles
Strategic insights for the South America 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1.83 Billion |
| Market Size by 2028 | US$ 2.57 Billion |
| Global CAGR (2021 - 2028) | 5.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America 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.
The South America Secure Logistics Market is valued at US$ 1.83 Billion in 2021, it is projected to reach US$ 2.57 Billion by 2028.
As per our report South America Secure Logistics Market, the market size is valued at US$ 1.83 Billion in 2021, projecting it to reach US$ 2.57 Billion by 2028. This translates to a CAGR of approximately 5.0% during the forecast period.
The South America Secure Logistics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Secure Logistics Market report:
The South America Secure Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Secure Logistics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Secure Logistics Market value chain can benefit from the information contained in a comprehensive market report.
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