The Business Research Company’s report on the Cash Logistics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the cash logistics industry?
The rise in the deployment of ATMs is expected to propel the growth of the cash logistics market going forward. An ATM stands for automated teller machine. It is a financial transaction machine and an automatic banking platform that doesn’t require a teller or a human cashier for the circulation of physical cash. The process of collecting, managing, and depositing cash at an ATM, which is outsourced by banks to users, is known as cash logistics. For instance, in November 2023, according to a report by KAL ATM Software, a Germany-based provider of multivendor ATM software and ATM security solutions, globally, 43% of respondents reported having between 1 and 500 ATMs, while 31% managed between 500 and 2,000 ATMs, which rose to 32% in 2023. Additionally, 26% operated more than 2,000 ATMs, increasing to 27% in 2023. Moreover, in the UK, annual ATM cash withdrawal volumes saw a 19% increase. Therefore, the rising development of ATMs is driving the growth of the cash logistics market.
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What is the estimated market size of the cash logistics sector by 2029, based on current forecasts?
The cash logistics market size has grown strongly in recent years. It will grow from $21.9 billion in 2024 to $23.68 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in the deployment of ATMs, and a rise in the circulation of currency in the economy.
The cash logistics market size is expected to see strong growth in the next few years. It will grow to $34.31 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to a rise in the cash-on-delivery (cod) method of payment, an increasing population, and an increase in funding. Major trends in the forecast period include use of artificial intelligence in cash management, technological advancements, and strategic partnerships and collaborations.
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#Who are the top players in the cash logistics market?
Major companies operating in the cash logistics market include The Brink’s Company, Loomis AB, Prosegur Compania de Seguridad SA, Allied Universal, GardaWorld, CMS Info Systems Ltd, Security and Intelligence Services Ltd., General Secure Logistics Services (GSLS), AXIOM Armored, Global Security Logistic Co, Writer Corporation, Securevalue, Radiant Cash, G4S Plc, Fennech Financial Limited, Cash Logistics Security AG, Waves Enterprise, BCS World of Investments, UBS Russia, Sberbank, ATON, Viking Cash Logistics, Cosan Group, Green Cash Logistics, Massar Group, Sanid, APSG, Eraf Group, SBV Services, Umnotho Cash Management
#What are the major trends in the cash logistics market?
Major companies operating in the cash logistics market are focused on introducing advanced solutions such as upgradable ATMs to meet consumer demand and strengthen their position. Upgradable ATMs are designed to be easily converted into cash recycling machines (CRMs) or enhanced systems, offering flexibility for future upgrades without needing replacement. For instance, in April 2024, Hitachi Payment Services, an India-based provider of payments and commerce solutions, introduced the nation’s first upgradable ATM. This new ATM can be easily converted into a high-performance Cash Recycling Machine (CRM) at any time. Manufactured as part of the Make in India initiative, these upgradable ATMs offer banks greater flexibility and efficiency. The innovative design allows for a seamless upgrade from ATM to CRM, reducing the need for costly replacements and lengthy installations while preparing banks to meet future market demands.
Which geography holds the highest cash logistics market share?
Asia-Pacific was the largest region in the cash logistics market in 2024. The regions covered in the cash logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the cash logistics market?
The cash logistics market covered in this report is segmented –
1) By Service: Cash Management, Cash-In-Transit, ATM Services
2) By Mode Of Transit: Roadways, Railways, Airways, Waterways
3) By End-User: Financial Institutions, Retailers, Government Agencies, Hospitality, Other End Users
Subsegments:
1) By Cash Management: Currency Processing And Sorting, Cash Recycling Solutions, Vault Services, Reporting And Reconciliation Services
2) By Cash-In-Transit (CIT): Secure Transportation Of Cash And Valuables, Scheduled Cash Pickups And Deliveries, Security Escorts For High-Value Shipments
3) By ATM Services: ATM Cash Replenishment, Maintenance And Repair Services, Remote Monitoring And Management, Installation Services
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How is the cash logistics market defined, and what are its core characteristics?
Cash logistics refers to transporting cash from client points to the cash processing centers, where it is counted, checked, inspected, and transferred into the client’s account. It primarily manages, transmits, and protects funds by removing risks and exposing them to the public. This service is used for the physical movement as well as the handling of cash from one location to another.
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