Cash Logistics Market Report Highlights:

1. Market Growth 2020-2025: $15.84 billion
2. Growth momentum and CAGR: Accelerate to 10% CAGR
3. Annual growth (%): 8.66%
4. Contribution of the successful market: APAC at 35%
5. Main consumer countries: United States, China, India, Germany, and United Kingdom

Want more data and insights not included in this report? Contact our analysts and get this customizable report according to your needs. Talk to an analyst.

Regional Market Analysis

With 35% of the growth coming from APAC, this region will register a rapid growth rate during the period 2021-2025. China and India are the major cash logistics markets in Asia-Pacific.

During the projected period, the cash logistics market in APAC is expected to grow at a moderate pace. This is attributed to the expansion of banking facilities in remote locations, as well as an increase in cash flow in circulation due to the high demand for cash in the region. The expansion of the market has been facilitated by improved transport infrastructure, an increase in the number of ATMs and an increase in the purchasing power of the region.

Apart from the rapid economic growth, other major reasons for the increasing growth of the cash logistics market in APAC are as follows:

• The market will grow due to an increase in foreign trade and investment, as well as an increase in regional safety and security concerns. Moreover, in Asia, more than half of the population prefers to pay in cash. Much of the world’s underbanked population, dependent on cash transactions, lives in Australia, India, China, Japan, Singapore, and South Korea. This means that the region’s market has plenty of room for growth. Despite a wide range of cashless government initiatives, these countries have a strong cash culture during the forecast period.

For additional regional market information: Request a free sample report.

Top Vendors and Vendor Strategies

G4S Plc, GardaWorld Security Corp., GSLS, Global Security Logistics Co, Loomis AB, Prosegur Cash SA, Cash Logistik Security AG, CMS Info Systems Pvt. Ltd., and Security and Intelligence Services (India) Ltd. are some of the major vendors in the Cash Logistics market.

Vendors in the market are constantly focusing on expanding their product portfolio by expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.

For example:

• Cash Logistik Security SA provides a secure transition from cash to cash deposits for the banking industry.
• CMS Info Systems Pvt. Ltd., offers ATM services, with daily cash replenishment, 24/7 front-line maintenance for maximum uptime, and other ancillary services.
• G4S AG: the company offers funds transfer (CIT), cash processing and automated teller machine (ATM) services.

Download our free sample report to get a brief understanding of various other vendors and vendor strategies.

Key Market Drivers

Our analysts have detailed insights into the major market drivers and their impact on the last mile delivery market.

• Growing preference for outsourcing cash management services by financial institutions
• As the number of ATMs increases, cash management and security are outsourced. By 2019, four million machines are expected to be installed, leading to greater circulation of cash. The volume of cash handled by ATMs is expected to exceed that handled by bank employees, which will require the use of professional cash logistics. The demand for cash is increasing in response to the growing world population. This has contributed to the rise of banks and financial institutions that outsource cash logistics services. Time to move cash has been reduced by outsourcing security and cash management services.

Related reports:

Healthcare Logistics Market in Canada by Product and Service – Forecast and Analysis 2021-2025

Healthcare Logistics Market in North America by Product, Service and Geography – Forecast and Analysis 2021-2025

Download our free sample report

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio