The global cash logistics market size reached US$ 21.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 32.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.31% during 2023-2028.
Cash logistics is a service offered by third-party organizations to financial institutions for managing their physical movement, currency notes, and other valuables. It assists in secure cash transportation, ATM replenishment and maintenance, movement of bullion and coins, and cash processing, including counterfeit verification, counting, sorting, and packaging. Besides this, it also enables efficient and cost-effective cash management and branch-level automation. As a result, it is widely utilized by banking organizations across the globe to automate the cash supply chain; reduce operational, transportation, and holding expenses; increase staff productivity; and improve vendor management.
Cash logistics is a service offered by third-party organizations to financial institutions for managing their physical movement, currency notes, and other valuables. It assists in secure cash transportation, ATM replenishment and maintenance, movement of bullion and coins, and cash processing, including counterfeit verification, counting, sorting, and packaging. Besides this, it also enables efficient and cost-effective cash management and branch-level automation. As a result, it is widely utilized by banking organizations across the globe to automate the cash supply chain; reduce operational, transportation, and holding expenses; increase staff productivity; and improve vendor management.
Cash Logistics Market Trends:
The increasing use of banking services worldwide is positively influencing the need for a single, integrated platform that can reduce the burden of cash management and optimize efficiency. This represents one of the major factors driving the adoption of cash logistics as it offers centralized control, reduces risk, and improves visibility. Moreover, the growing trend of automated branch operations is catalyzing the demand for cash logistics to keep cash consistently available and meet the needs of customers. Apart from this, with the growing global population, there is a rise in cash circulation. This, along with the increasing number of ATMs, is driving the demand for outsourcing cash management services using cash logistics. Outsourcing cash management helps banks enhance security and reduce their in-house operational activities. In addition to this, the expansion of banking facilities in remote areas and the rising use of physical cash in these areas is stimulating the growth of the market. Furthermore, the integration of advanced technologies, such as business intelligence (BI), into cash logistics is creating a positive market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cash logistics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service, mode of transit and end user.Breakup by Service:
- Cash Management
- Cash-In-Transit
- ATM Services
Breakup by Mode of Transit:
- Roadways
- Railways
- Airways
Breakup by End User:
- Financial Institutions
- Retailers
- Government Agencies
- Hospitality
- Others
Breakup by Region:
North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cash in Transit Solutions Pty Ltd, Cash Logistik Security AG, CMS Info Systems Ltd., Fiserv Inc., G4S Limited (Allied Universal), GardaWorld Corporation, General Secure Logistic Services, Loomis AB, MPS Global Security Group, Prosegur Compañía de Seguridad S.A (Gubel S.L.), SIS Limited and The Brink's Company.Key Questions Answered in This Report:
- How has the global cash logistics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cash logistics market?
- What are the key regional markets?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the mode of transit?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cash logistics market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cash Logistics Market
6 Market Breakup by Service
7 Market Breakup by Mode of Transit
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cash in Transit Solutions Pty Ltd
- Cash Logistik Security AG
- CMS Info Systems Ltd.
- Fiserv Inc.
- G4S Limited (Allied Universal)
- GardaWorld Corporation
- General Secure Logistic Services
- Loomis AB
- MPS Global Security Group
- Prosegur Compañía de Seguridad S.A (Gubel S.L.)
- SIS Limited and The Brink's Company.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 144 |
Published | May 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 21 Billion |
Forecasted Market Value ( USD | $ 32.4 Billion |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |