Cash Logistics Market Overview 2022-2027
The latest research study “Cash Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cash logistics market reached a value of US$ 19.43 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 30.38 Billion by 2027, exhibiting a CAGR of 7.50% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Cash logistics refers to a service provided by third-party organizations to financial institutions for managing the physical movement and storage of currency notes and other valuables. It primarily consists of ATM services, cash management, cash in transit, etc. Cash logistics ensures safe and secure transportation of cash, movement of bullion and coins, ATM replenishment and maintenance, and cash processing, including counting, sorting, packaging, counterfeit verification, etc. It also enables cost-effective and efficient branch-level supply chain automation. Consequently, cash logistics finds extensive application across numerous establishments, such as financial institutions, retailers, hospitality, government agencies, etc.
Global Cash Logistics Market Trends and Drivers:
The growing demand for an integrated platform that lowers the complication of cash management, on account of the elevating usage of bank services across countries, is primarily driving the cash logistics market. Furthermore, the emerging trend of automated branch operation is also positively influencing the market growth. Besides this, the inflating cash circulation levels and the increasing number of ATMs, owing to the expanding global population, are acting as significant growth-inducing factors.
Apart from this, the development of banking facilities in remote areas and the escalating integration of advanced technologies in these services, including Business Intelligence (BI), cloud computing, Internet of Things (IoT), etc., are anticipated to stimulate the cash logistics market over the forecasted period.
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Cash Logistics Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 19.43 Billion |
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Market forecast in 2027 |
US$ 30.38 Billion |
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Growth Rate |
CAGR of 7.50% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Service, Mode of Transit, End User and Region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
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
By Geography:
- 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
List of Major Key Players:
The major players in the market are 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.
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