Global Cash Logistics Market
An increase in cash transactions, surge in presence of ATMs, and growth in demand for safe & vault for managing cash drive the growth of the global cash logistics market. However, the increase in the adoption of digital payments and the rise in cash-in-transit robberies restrain market growth. On the other hand, an increase in demand for cash from emerging economies and a surge in the manufacturing of fully automated cash-in-transit vehicles would create new opportunities for the market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The global cash logistics market by cash-in-transit was valued at 9.48 billion USD in 2016, and is expected to reach 15.06 billion USD by 2026, growing at a CAGR of 9.70%; while the global cash logistics market by ATM service was valued at 5.91 billion USD in 2016 and is expected to reach 11.45 billion USD by 2026, growing at a CAGR of 14.14%. This latter segment includes services that minimize the risks associated with cash transfer or assets by ensuring safe transportation using different armored vehicles; thereby enabling the smooth functioning of financial institutions, businesses, and retailers. Cross-border transportation of cash, and storing of cash during transit require generic cash logistics solutions â€“ primary services offered by cash-in-transit services.
Based on end use, the market has been segmented into financial institutions, retail, and government agencies, and others. The financial institution's segment dominates the market as these institutions are widely adopting these solutions owing to various advantages such as improved transparency, customization of solutions, and optimal cash.
Global Cash Logistics Market, By Service
â€¢ Cash management
â€¢ ATM Services
Global Cash Logistics Market, By End User
â€¢ Financial Institutions
â€¢ Government Agencies
Global Cash Logistics Market, By Region
â€¢ North America
â€¢ Asia Pacific
â€¢ Middle East & Africa
â€¢ South America
Key players operating in Global Cash Logistics Market
â€¢ The Brink's Company
â€¢ CMS Info Systems Ltd.
â€¢ Cash Logistics Security AG
â€¢ Garda World Security Corporation
â€¢ G4S Plc.
â€¢ Lemuir Group
â€¢ Global Security Logistics Co.
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