Cash Logistics Market Research Report: Size, Share, Growth, Trends and Forecast 2023

Cash logistics service involves physical transportation of cash from one destination to another. It comprises transportation of secure cash services into locations such as bank branches, ATM vestibules and others.

According to a new report published by Reports Monitor titled, “Global Cash Logistics Market Growth Opportunities, Innovations and Forecast, 2017-2025,” the cash logistics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.

Due to the increased risk in banking, financial, security and insurance (BFSI) sector cash logistics market in gaining its popularity and driving the market. The increased demand for safety vaults and secure cash storage in the BFSI sector to protect these from being robbed in driving the market growth. The high disposal money with the consumers drive the global cash logistics service market.  However, increased use of electronic payment system, popularity of mobile wallets and plastic money hinders the growth of the cash logistics service market. In addition, with the increase numbers of ATMs across the demand for cash logistics is expected to grow in the coming years.

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The key player in the global cash logistics market includes, GardaWorld, Cash Logistik Security AG, CMS Info Systems Ltd, Loomis, Prosegur, General Secure Logistics Services, Brink’s Incorporated. G4S plc, Global Security Logistics Co., and Lemuir Secure Logistics.

Based on the geographical regions covered, the global sports nutrition market is analysed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). North-America is expected to grow in coming years in the global cash logistics market.

This report provides a detailed analysis of cash logistics market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.

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The segmentation of global cash logistics market is based on product and end-users. On the basis of product the global cash logistics market can segmented into cash-in-transit, cash management, ATM services and others. On the basis of end user the global cash logistics market can segmented into retail, financial institutions, others. The cash-in-transit segment is expected grow in coming years.

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Name: Jay Matthews
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Organization: Garner Insight

Release ID: 365612