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, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.

In today’s era of globalization, financial institutions are increasingly forming strategic partnerships to remain competitive and diversify their service offerings. The region’s financial sector is witnessing rapid growth, fueled by both the expansion of established firms and the entry of new players. The sector comprises a broad array of entities, including commercial banks, insurance companies, non-banking financial institutions, co-operatives, pension funds, mutual funds, and other financial service providers.

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Recent regulatory developments have permitted the establishment of new entities, such as payment banks, further diversifying the market. Despite this growth, the financial system remains predominantly bank-driven, with commercial banks accounting for over 64% of total financial system assets.

Governments across North America have introduced multiple reforms aimed at liberalizing, regulating, and strengthening the financial sector. Special initiatives have also been launched to improve credit accessibility for micro, small, and medium enterprises (MSMEs). These advancements are expected to drive sustained growth in the banking and financial services industry—consequently boosting the demand for secure logistics services across the region in the coming years.

Key Market Segments

• By Type:
  The mobile segment held the largest share of the North America secure logistics market in 2020, reflecting strong demand for flexible and on-the-go security solutions.
• By Application:
  The cash management segment dominated the market in 2020, highlighting its crucial role in supporting financial institutions and retail operations.

Major Companies Referenced

Key sources for the report include company websites, annual and financial reports, government publications, and statistical databases. Leading players operating in the North America secure logistics market include:

• Allied Universal
• BRINK’S INCORPORATED
• G4S Limited
• GardaWorld
• LOOMIS AB
• Prosegur
• SECURE LOGISTICS LLC
• Securitas AB
• SERCO GROUP PLC

Reasons to Buy This Report

• Gain a clear understanding of the North America secure logistics market landscape and identify high-return market segments.
• Stay competitive by tracking evolving trends and changes in the regional competitive environment.
• Strategically plan mergers, acquisitions, and partnerships by pinpointing the most promising sales segments.
• Make informed business decisions based on a comprehensive analysis of market performance across various segments.
• Access detailed revenue forecasts for different market segments from 2021 to 2028 within the North America region.

Market Introduction (Rewritten)

The US, Canada, and Mexico are key contributors to the secure logistics market in North America. Among them, the US and Mexico rank highest for domestic logistics, while all three countries are recognized as leading players in international logistics. Their stable economies and strong technological infrastructure foster the development of diverse markets, including secure logistics.

Cash continues to play a crucial role in North American financial transactions, particularly due to its convenience, zero transaction fees, and privacy. According to the US Federal Reserve Bank of Atlanta’s “Diary of Consumer Payment Choice” survey, cash accounted for approximately 26% of total payment transactions. Effective cash management and secure logistics are critical to ensuring consistent access to cash for citizens. Countries such as Honduras, Mexico, Jamaica, and Nicaragua are expanding ATM networks and bank branches to support this demand. On average, North America has 27.82 bank branches per 100,000 people. The widespread use of cash in US households further supports this trend, with the Federal Reserve Bank of San Francisco reporting that nearly 89% of Americans carry cash to some extent. Consequently, the growing number of ATMs and increasing frequency of cash withdrawals are expected to drive the growth of the North America secure logistics market during the forecast period.

The COVID-19 pandemic initially disrupted the market. Public health measures encouraged reduced physical contact, pushing small businesses, large corporations, and retailers toward digital payment solutions. This shift created temporary challenges for the secure logistics sector in 2020. The first two quarters saw significant economic downturns across North America, particularly in the US, where high case numbers led to lockdowns and restricted movement. These restrictions severely impacted manufacturing, lowered production volumes, and disrupted logistics and supply chains.

In response, logistics providers began accelerating the adoption of digital technologies to minimize losses and maintain operations. Many companies paused hiring and shifted their focus to digital transformation. This trend toward digitization is expected to continue reshaping the logistics and supply chain landscape in North America, reinforcing market resilience and adaptability post-pandemic.

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