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Global Secure Logistics Market 2018-2022| Growing Ability to Track Shipments Boosts Growth| Technavio

September 4, 2018

LONDON--(BUSINESS WIRE)--Sep 4, 2018-- market research analysts forecast the global secure logistics market to grow at a CAGR of almost 7% during the forecast period.

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Technavio has published a new market research report on the global secure logistics market from 2018-2022. (Graphic: Business Wire)

The growing ability to track shipments is one of the major trends being witnessed in the . Secure logistics service providers assign a tracking code to the consumers to track the movement and time required for the arrival of goods. The consumers are aware of the progress made in the movement of goods owing to shipment tracking.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio’s analysts, one of the key factors contributing to the growth of the global secure logistics market is the rising need for secure logistics for global cash circulation:

Global secure logistics market: Rising need for secure logistics for global cash circulation

In 2017, the increase in digital payments was expected to replace the use of cash transactions across the globe. But, recent data has projected that the flow of cash across the world is soaring high. The net global cash flow in the fourth quarter of 2017 was approximately USD 1.64 million. Secure logistics is essential in making cash available to the users as cash logistics is the backbone of cash circulation.

According to a senior research analyst at Technavio, “One of the major factors contributing to the prevalence of cash transactions is convenience. Cash transactions do not require a valid bank account or phone number to complete the transaction. Additionally, it is safe to have cash during emergencies. Owing to such factors people still rely on cash transactions when compared with online payments.”

Global secure logistics market: Segmentation analysis

The global secure logistics market research report provides market segmentation by service (security services and cash services) and by region (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

EMEA held the largest share of the market in 2017, accounting for close to 41% share. It was followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005782/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/04/2018 02:52 PM/DISC: 09/04/2018 02:52 PM

http://www.businesswire.com/news/home/20180904005782/en

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