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Military Logistics Market size is set to grow by USD 971.1 million from 2024-2028, Growing demand for international peacekeeping operations to boost the market growth, Technavio

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NEW YORK, July 10, 2024 /PRNewswire/ — The global military logistics market is projected to expand by USD 971.1 million from 2024 to 2028, growing at a CAGR of 2.09%. This growth is fueled by increasing demand for international peacekeeping operations and the globalization of military activities. However, challenges such as growing regulatory compliance related to logistics are noted. Key players in the market include AECOM, Agility Public Warehousing Co. K.S.C.P, BAE Systems Plc, Lockheed Martin Corp., and others. Regions expected to experience significant growth in military logistics include North America, Europe, and the Asia-Pacific, driven by geopolitical tensions and defense modernization efforts.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Army, Navy, and Airforce), Type (Logistics and distribution, Facility management, and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

AECOM, Agility Public Warehousing Co. K.S.C.P, Amentum Services Inc., Anham Fzco LLC, BAE Systems Plc, CACI International Inc., CLAXTON LOGISTICS SERVICES LLC, CMA CGM SA Group, Colak Group, Crane Worldwide Logistics, Crowley Maritime Corp., Fluor Corp., General Dynamics Corp., KBR Inc., Lockheed Martin Corp., ManTech International Corp., One Network Enterprises Inc., SEKO Logistics, Thales Group, and Wincanton Plc

Key Market Trends Fueling Growth

The military logistics market has witnessed a notable growth trend due to the increasing globalization of military operations. Over the past decade, there has been a rising trend towards multinational military collaborations to tackle common security concerns. This was evident during military interventions in Afghanistan and the subsequent withdrawal, where logistics played a pivotal role. Furthermore, the ongoing fight against terrorism and extremism has led to multinational military operations in various global regions, such as the G5 Sahel Joint Force in Africa. This globalization trend is driving demand for military logistics services that can operate across multiple regions and countries. Companies with international experience and cultural understanding, as well as those with a global presence, are well-positioned to meet this demand. As a result, the global military logistics market is expected to experience significant growth due to the increasing globalization of military operations. 

Military logistics plays a crucial role in ensuring the timely support and upkeep of armed forces during conflicts and natural disasters. This market involves planning, coordinating, and executing the movement and supply of resources, including troops, maintenance, and operational capabilities. Key trends include integration of artificial intelligence for situational awareness and tracking systems, expansion of automation in maritime, air, and land transportation, and the use of new technology in combat support, such as biofuel and power-generating capabilities. Market categories include logistics and distribution, facility management, medical services, and more. Military logistics applications require portability, reliability, and the ability to adapt to various conflict and disaster scenarios. The market is constantly evolving, with a focus on improving operational capabilities and deployment efficiency. 

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Market Challenges

•         The global military logistics market faces significant challenges due to complex regulatory requirements. Export control regulations vary by country and region, restricting the export of sensitive military equipment, technologies, and software. Customs regulations add to the complexity, necessitating detailed documentation and compliance with procedures. Logistics companies must also adhere to various national and international laws, including labor, environmental, and anti-corruption laws. These regulations increase operational costs and require robust compliance programs and risk management strategies. According to reports by the World Customs Organization and the Financial Times, regulatory compliance costs have risen sharply in recent years, posing a potential challenge to the growth of the global military logistics market.

•         The Military Logistics Market faces numerous challenges in supporting military activities. With increasing military spending worldwide, there is a growing demand for efficient and effective logistics solutions. Communication networks must remain secure against cyber threats, while environmental impacts call for the adoption of eco-friendly technologies and energy-efficient transport. Budget constraints and geopolitical tensions create uncertainties, leading to disrupted supply chains. Technological proliferation brings advanced technologies like drones, automation, IoT, and blockchain into play. Delivery time is critical on the battlefield, requiring agile and connected logistics systems. Military personnel and supplies must be transported via airways, seaways, and land ways, with air transport being a priority for rapid response. Conflicts and emergencies necessitate strategic collaborations and defense sector partnerships. Military organizations must navigate these challenges to provide essential logistic service offerings and ensure the acquisition of armaments and supplies for their forces.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This military logistics market report extensively covers market segmentation by

End-user 1.1 Army1.2 Navy1.3 AirforceType 2.1 Logistics and distribution2.2 Facility management2.3 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Army-  The military logistics market’s army segment involves three distinct military supply chains. The first chain focuses on the swift transportation of light commodities like food, medicine, and clothing. The second chain handles the movement and maintenance of major weapon systems over an extended period. Lastly, the deployment chain facilitates the quick movement of large troop bodies in a short timeframe. To enhance supply chain efficiency, digitalizing inventories, employing advanced technology for monitoring, and outsourcing supply and maintenance are recommended. Commercial transport moves over 85% of all materials, but the field supply chain relies heavily on service transport due to challenging conditions. Minimizing the need for a large fleet of service vehicles through the use of civil sector technology and resources is a significant growth driver for the army segment in the global military logistics market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Military Logistics Market plays a crucial role in ensuring the smooth and efficient execution of military activities. It involves the planning, coordinating, and executing of movement, storage, supply, and maintenance of resources for armed forces. Timely support is essential for the success of military operations, making effective logistics a key factor. Communication networks are a critical component of military logistics, enabling real-time information exchange and coordination. Eco-friendly technologies and energy-efficient transport are becoming increasingly important to reduce environmental impact and address budget constraints. However, military logistics faces challenges such as disrupted supply chains and technological proliferation, requiring continuous adaptation and innovation. The market is continually evolving to meet the changing needs of military operations.

Market Research Overview

Military logistics refers to the planning, coordinating, and executing of the movement, storage, and supply of resources for armed forces. It plays a crucial role in ensuring timely support for troops through transportation and upkeep of operational capabilities during deployment in conflicts or natural disasters. Military logistics encompasses various branches and organizations, including air, sea, and land logistics, and involves the integration of artificial intelligence, situational awareness, and tracking systems for expansion and automation. Military logistics applications include logistics and distribution, facility management, medical services, and hospitalization, among others. The market is divided into regional divisions, with market performance influenced by factors such as military spending, communication networks, and regulatory standards. Competitors in the industry face challenges from budget constraints, geopolitical tensions, and uncertainties, leading to disrupted supply and technological proliferation. New technologies, such as hydrogen-powered railways, triangulation, and advanced technologies like drones, are transforming military logistics, offering portability, energy efficiency, and eco-friendly practices. Military logistics faces various challenges, including cyber threats, safety concerns, and environmental impacts, necessitating the adoption of sustainable practices and energy-efficient transport. Industry development is further influenced by factors such as military activities, combat requirements, and the integration of new technologies like communication networks and connected technologies. Despite these challenges, military logistics remains a critical component of military operations, ensuring the readiness and effectiveness of armed forces.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userArmyNavyAirforceTypeLogistics And DistributionFacility ManagementServicesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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 17,000 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Johns Hopkins University Athletics Partners with Prospect HQ to Expand Career Opportunities for Student-Athletes

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Partnership connects Johns Hopkins student-athletes and alumni to a growing national talent network and employers seeking the attributes and skills developed through sport

BALTIMORE, Nov. 2, 2026 /PRNewswire/ — Johns Hopkins University Athletics has partnered with Prospect HQ, the hiring platform connecting current and former student-athletes with employers seeking culturally aligned talent possessing the dynamic attributes developed through sport.

The partnership reflects the philosophical alignment and shared mission of supporting student-athletes on their career journey and life after sport.

“We are excited to provide all current and former Blue Jays with a platform that will challenge them to reflect on their own personal values, strengths and purpose, as well as provide them curated access to professional organizations that have done the same work and are seeking to hire former athletes who have developed the leadership and teamwork skills uniquely formed by sport,” said Jennifer S. Baker, Associate Vice Provost for Student Affairs and Director of Athletics. “This is a natural complement to all the support provided by our Life Design Lab and will further help our scholar-athletes navigate their unique career journeys. In particular, we’re enthusiastic about connecting the outcomes from our LEAD program to meaningful employment post-Hopkins, and to supporting our Blue Jays as they find a professional path that allows them to continue to grow and thrive, as they’ve done during their years at Homewood.”

“Jen Baker and the team at Hopkins are the vanguard in college athletics in terms of their commitment and approach to supporting student-athletes on their path to purpose,” said Cory Carlesimo, CEO of Prospect HQ. “Prospect HQ and Hopkins are committed to helping student-athletes find the right opportunities that allow them to thrive professionally and personally. We are grateful and excited to have such purposeful and dynamic partners.”

Through Prospect HQ, Johns Hopkins student-athletes and athletic alumni will have access to a growing national network that now includes student-athlete membership from more than 700 colleges and universities. Launched in January 2026, Prospect HQ is built on three principles: aligning hires, elevating cultures and transforming lives.

Prospect HQ is an active community of current and former student-athletes networking with one another while connecting with a diverse range of employers seeking this curated talent pool. Companies subscribe to Prospect HQ to access this distinctive roster of talent and identify candidates aligned with their culture and hiring needs.

The platform also delivers open job opportunities aligned with each candidate’s self-described goals, attributes, skills and cultural fit. This process empowers student-athletes to identify opportunities relevant to who they are and where they want to go.

At the center of Prospect HQ is Purposeful Intelligence, which coaches and guides candidates throughout their career journey while helping them reflect on their own unique experiences and attributes. The platform is designed to help student-athletes convey their authentic story in a way that resonates with prospective employers.

Prospect HQ’s recently launched iOS app makes the platform even easier for student-athletes to access, allowing them to engage with the network, manage their profiles, explore opportunities and build connections wherever their journey takes them.

Through the Johns Hopkins partnership, Blue Jay student-athletes and alumni become part of a community that extends beyond a single campus, connecting current and former athletes across institutions, industries and generations.

Prospect HQ is free for student-athletes, athletic alumni and universities.

About Johns Hopkins Athletics
Johns Hopkins boasts one of the most successful athletic programs in the nation. The winner of two Learfield Directors’ Cup titles in the last five years with nine top-five finishes to its credit since 2014, Johns Hopkins has produced more than 300 all-time Academic All-Americans and more than 60 NCAA Postgraduate Scholarship recipients. Blue Jay teams have collectively earned 57 national championships, including 10 NCAA titles since 2012, and won more than 300 all-time conference titles. Quite simply, Johns Hopkins offers one of the nation’s premier combinations of academics and athletics.

About Prospect HQ
Prospect HQ is a digital community and hiring platform connecting current and former student-athletes with employers seeking culturally aligned talent possessing the dynamic attributes developed through sport. The platform is built around three principles: aligning hires, elevating cultures and transforming lives. Prospect HQ combines an active athlete network, employer connections, personalized job opportunities and Purposeful Intelligence to help student-athletes navigate their journey from sport to career. The platform is free to student-athletes, athletic alumni and universities and is supported by candidate-seeking employers.

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SOURCE Prospect HQ

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PRA Group Celebrates 30 Years of Business by Ringing Nasdaq Opening Bell

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NORFOLK, Va., Nov. 2, 2026 /PRNewswire/ — PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today celebrated its 30th anniversary by ringing the Nasdaq Stock Market Opening Bell in New York City’s Times Square.

PRA Group President and Chief Executive Officer Martin Sjolund rang the bell alongside co-founder and Executive Chairman of the Board Steve Fredrickson, the company’s senior leadership team and employees representing PRA Group’s global workforce.

“Celebrating 30 years of business is especially meaningful because this milestone belongs to the people who have helped make PRA Group what it is today,” said Sjolund. “Our people are the reason we’ve grown from a startup in Virginia into a global company, and they are the reason we’re excited about our next chapter.”

Founded in Norfolk, Va., in 1996, PRA Group has grown into one of the most globally diversified companies in the nonperforming loan industry, with portfolio operations in 18 countries. The company has been publicly traded since 2002 and continues to play an important role in the financial ecosystem by returning capital to banks and other creditors while working directly with customers to help them resolve their debt.

“As proud as we are of our first 30 years, we’re even more excited about what comes next,” Sjolund said. “Together, we’re advancing our new PRA 3.0 strategy introduced earlier this year, which is focused on helping us become a high-performing, technology-enabled global allocator of capital. I am proud of what our team has accomplished, and we look forward to continuing to deliver value to our customers, employees, partners and shareholders.”

About PRA Group
As a global industry leader with more than 30 years of experience, PRA Group, Inc. (Nasdaq: PRAA) specializes in acquiring and collecting nonperforming loans. PRA Group purchases portfolios from banks and other creditors and, through its subsidiaries, collaborates with customers to help them resolve their debt. Headquartered in Norfolk, Virginia, PRA Group has operations in the U.S., Europe and other markets. For more information, please visit www.pragroup.com.

Media Contact:
Allison Herman
Manager, Public Relations and Strategic Communication
(757) 381-5205
MediaInquiries@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

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SOURCE PRA Group, Inc.

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Abbott Risk Consulting Ltd. Joins ISASecure to Strengthen Adoption of ISA/IEC 62443 Cybersecurity Standards

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DURHAM, N.C., Nov. 2, 2026 /PRNewswire/ — The International Society of Automation (ISA) — the leading professional society for automation — announced that Abbott Risk Consulting (ARC) Ltd. has officially joined ISASecure®, the globally recognized certification program that validates conformance to the ISA/IEC 62443 series of standards for industrial automation and control systems (IACS) cybersecurity.

ARC offers consultancy services across the UK and Australia including risk management; safety engineering, assurance and verification; independent safety assessment; training; functional safety; cybersecurity; and more. ARC focuses on supporting clients with the design, operation, and decommissioning of facilities, plants, and assets in high-risk industries including oil and gas, nuclear, defense, rail, mining, and clean energy.

This new partnership with ISASecure reflects ARC’s ongoing mission to strengthen their knowledge and assistance in providing additional operational technology (OT) cybersecurity consulting and assessments — including ISASecure’s Security Development Lifecycle Assurance (SDLA), Component Security Assurance (CSA), System Security Assurance (SSA), and Automation Control System Security Assurance (ACSSA) — for their clients.

“It is an honor to welcome ARC Ltd. into the ISASecure program, and we look forward to engaging with them as students in the next IC49 ACSSA for Evaluators training course,” said Mark DeAngelo, ISASecure program manager. “Today’s critical infrastructure demands comprehensive, rigorously validated cybersecurity. We look forward to collaborating with ARC Ltd. as we advance our mission of partnership, certification, and standards-based product development to help achieve a more secure world.”

Tom Abbott, who leads ARC’s Cyber Security team, said: “Control system security standards are a fundamental part of the architecture of resilient systems. By joining ISASecure, we’re fully committed to upholding these standards now and influencing their development in the future.”

About ISASecure®

Founded in 2007 by the International Society of Automation (ISA), ISASecure® is a globally recognized certification program that provides assurance for the cybersecurity of industrial automation control systems (IACS). Through rigorous conformance to the ISA/IEC 62443 series of standards, ISASecure certifications validate that products and supplier practices meet internationally recognized benchmarks for OT security. ISASecure is a wholly owned subsidiary of ISA.

ISASecure’s global ecosystem includes leaders such as Chevron, ExxonMobil, GSK, Saudi Aramco, Honeywell, Johnson Controls, Schneider Electric, Trane Technologies, and Yokogawa, among others.

For more information, visit isasecure.org.

About Abbott Risk Consulting Ltd.

Abbott Risk Consulting (ARC) is a dynamic safety engineering consultancy with a world-wide reputation for delivering quality solutions to their clients. It is an independent, employee-owned company. ARC is consistently recognized as one of the best places to work in the UK by the Sunday Times and in Australia, by The Australian.

From offices throughout the UK and Australia, with headquarters in Edinburgh, ARC supports clients and projects globally. ARC’s flexible and innovative approach allows the company to deliver the highest quality services to major international corporations, government bodies, and small- to medium-sized enterprises alike.

Their specialties include safety engineering and risk management, hazard and operability studies (HAZOP), quantitative risk assessments (QRA), safety case, CFD, fire and explosion analysis, facilitation, safety integrity level (SIL) assessments, hazard identification (HAZID), management consultancy, clean energy, sustainability, green hydrogen, renewables, human factors, change management, defense, nuclear, transportation, and hydrogen.

About ISA

The International Society of Automation (ISA) is a nonprofit professional association founded in 1945 to create a better world through automation. ISA’s mission is to empower the global automation community through standards and knowledge sharing. ISA develops widely used global standards and conformity assessment programs, certifies professionals, provides education and training, publishes books and technical articles, hosts conferences and exhibits, and provides networking and career development programs for its members and customers around the world. Learn more at www.isa.org.

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SOURCE The International Society of Automation

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