Market Overview and Dynamics
The North America secure logistics market is projected to grow from US$ 13.49 billion in 2021 to US$ 20.42 billion by 2028, registering a CAGR of 6.1% during the forecast period. In today’s globalized economy, financial institutions are building strategic partnerships to stay competitive and offer a broader range of services. Across the region, the financial sector is expanding rapidly, driven by both the robust growth of established firms and the entry of new players. This diverse ecosystem includes commercial banks, insurance companies, non-banking financial institutions, cooperatives, pension funds, mutual funds, and other smaller entities.
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The introduction of new business models, such as payment banks, has further diversified the market landscape. Despite this variety, the sector remains primarily banking-focused, with commercial banks holding over 64% of total financial assets. Governments in the region have implemented reforms aimed at liberalizing, regulating, and strengthening the sector, with particular efforts to improve financing access for micro, small, and medium enterprises (MSMEs). As banking and financial institutions continue to expand and evolve, the demand for secure logistics services is expected to rise steadily across North America in the years ahead.
Market Introduction
The secure logistics market in North America sees strong contributions from the US, Canada, and Mexico, with the US and Mexico leading in domestic logistics performance and all three ranking among the top for international logistics. The region’s stable economies and rapid technological progress continue to fuel the expansion of various sectors, including secure logistics. Despite the growth of digital payments, cash remains a crucial part of North American financial transactions, prized for its ease, zero transaction fees, and privacy. According to the US Federal Reserve Bank of Atlanta’s Diary of Consumer Payment Choice report, cash accounted for approximately 26% of all payment transactions, underscoring its enduring relevance. Secure logistics services, including cash management, are vital to maintaining widespread access to cash across the region. Developing countries like Honduras, Mexico, Jamaica, and Nicaragua are actively expanding their ATM networks and bank branches, supporting this trend. On average, North America boasts 27.82 bank branches per 100,000 people, and nearly 89% of American consumers continue to carry cash, according to the Federal Reserve Bank of San Francisco. Consequently, the growing ATM footprint and increased cash withdrawals are expected to boost demand for secure logistics services in the coming years.
The COVID-19 pandemic presented significant hurdles for the North American market, particularly in early 2020. Widespread lockdowns disrupted manufacturing and strained supply chains, leading to notable losses across the logistics sector. Social distancing measures also spurred a shift toward digital payments, challenging the traditional cash-based ecosystem. In response, logistics and supply chain providers accelerated their adoption of digital technologies to offset disruptions and sustain operations. Many firms paused hiring efforts to redirect investments into digital transformation, setting the stage for an increasingly digitized logistics landscape in North America in the post-pandemic era.
North America Secure Logistics Market – Company Profiles
- Allied Universal
- BRINK’S INCORPORATED
- G4S Limited
- GardaWorld
- LOOMIS AB
- Prosegur
- SECURE LOGISTICS LLC
- Securitas AB
- SERCO GROUP PLC
North America Secure Logistics Strategic Insights
Strategic insights for the North 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.
North America Secure Logistics Regional Insights
The geographic scope of the North 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.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
