SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Secure Logistics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 426
Companies: 42 - Players covered include Allied Universal; CargoGuard Secure Logistics; CMS Infosystem Pvt. Ltd; G4S Plc; G4S Secure Solutions (A subsidiary of G4S plc); GardaWorld Corporation; GardaWorld Security Corp.; Lemuir Group; Loomis AB; Macyâ€™s; Maltacourt Global Logistics Ltd; Maltacourt Ltd.; My Alarm Center LLC; PlanITROI, Inc.; Prosegur Cash SA; Securitas AB; Security and Intelligence Services (India) Ltd.; Target Corporation; The Brink`s Inc.; Walgreens Company and Others.
Coverage: All major geographies and key segments
Segments: Segment (Security Services, Cash Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Secure Logistics Market to Reach $89.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Secure Logistics estimated at US$58.3 Billion in the year 2020, is projected to reach a revised size of US$89.8 Billion by 2026, growing at a CAGR of 7.3% over the analysis period. Security Services, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$64.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cash Services segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17 Billion in 2021, While China is Forecast to Reach $19.4 Billion by 2026
The Secure Logistics market in the U.S. is estimated at US$17 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.4 Billion by the year 2026 trailing a CAGR of 11.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. More
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