Global Cash Logistics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Cash Logistics Market: Overview
“The global Cash Logistics market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Cash logistics is a service that comprises the storage and physical movement of currency or cash from one point to another point. In addition, this service is mainly used by financial institutions including banks, and other industries including educational institutes, government agencies, etc.
Global Cash Logistics Market: Dynamics
Growing currency circulation in the economy has led to the demand for various cash logistic services including ATM services, cash-in-transit, etc. which is one of the major factors expected to drive the growth of the global market.
In addition, increasing deployment of ATM centers is a factor expected to fuel demand for cash logistic service and hence expected to support the target market growth. Increasing adoption of cash-in-transit services among various end-users including, financial institutes, the education industry, and government organizations is another factor expected to propel the growth of the target market over the forecast period.
In addition, the growing preference of financial institutions toward outsourcing their cash management services is another factor expected to drive the growth of the global market.
Technological advancements in cash-in-transit vehicles such as the integration of surveillance systems and location tracking devices is a factor anticipated to offer lucrative opportunities for the target market growth.
Rising demand for safes and vaults among cash logistic companies for cash management is another factor expected to support the revenue growth of the global market.
Moreover, cash logistics services aid in efficient cash management and offer various benefits including the lower possibility of errors which is a factor expected to fuel target market growth.
However, rising incidents of cash-in-transit vehicle thefts are one of the major factors projected to hamper the growth of the global market. Moreover, increasing inclination towards digital payment systems, especially among the youth population is another factor expected to challenge the target market growth.
Global Cash Logistics Market: Segment Analysis
Among service segments, the cash-in-transit segment is expected to witness significant growth, due to increasing cash circulation in emerging economies.
Among the end-user segment, the financial institution segment is projected to account significant revenue share of the global market, owing to increasing demand for cash-in-transit vehicles coupled with increasing implementation of ATMs.
Global Cash Logistics Market: Regional Analysis
Asia Pacific market is projected to register a substantial rate of growth, owing to the rapid expansion of financial institutions including banks. Moreover, rising installations of ATM machines in developing economies in this region is a factor expected to support target market growth.
The market in North America is expected to account for a significant share of the global market, in terms of revenue, owing to the increasing number of robberies. Markets in Latin America, the Middle East & Africa, and Europe are expected to register considerable growth over the forecast period.
Global Cash Logistics Market Segmentation:
Segmentation by Service:
- Cash Management
- ATM Services
Segmentation by End User:
- Government Agencies
- Financial Institutions
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Brink's Incorporated
- Cash Logistik Security AG (ZIEMANN GROUP)
- CMS Info Systems Ltd.
- G4S plc
- Global Security Logistics Co.
- General Secure Logistics Services (GSLS)
- LEMUIR GROUP
- Loomis AB
- Prosegur Cash, S.A
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