Cash Logistics Market Report by Service (Cash Management, Cash-In-Transit, ATM Services), Mode of Transit (Roadways, Railways, Airways), End User (Financial Institutions, Retailers, Government Agencies, Hospitality, and Others), and Region 2024-2032
The global cash logistics market size reached US$ 22.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 41.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.81% during 2024-2032.
Market Size in 2023
US$ 22.5 Billion
Market Forecast in 2032
US$ 41.2 Billion
Market Growth Rate 2024-2032
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cash logisticsmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on service, mode of transit and end user.
Breakup by Service:
Breakup by Mode of Transit:
Breakup by End User:
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Service, Mode of Transit, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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Key Questions Answered in This Report
The global cash logistics market was valued at US$ 22.5 Billion in 2023.
We expect the global cash logistics market to exhibit a CAGR of 6.81% during 2024-2032.
The rising adoption of cash logistics service by banking organizations, as it aids in automating the cash supply chain, reducing operational, transportation, and holding expenses, increasing staff productivity, improving vendor management, etc., is primarily driving the global cash logistics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary restrictions on intra- and inter-national travel activities, thereby negatively impacting the global market for cash logistics.
Based on the service, the global cash logistics market can be segmented into cash management, cash-in-transit, and ATM services. Currently, cash-in-transit holds the majority of the total market share.
Based on the mode of transit, the global cash logistics market has been divided into roadways, railways, and airways. Among these, roadways currently exhibit a clear dominance in the market.
Based on the end user, the global cash logistics market can be categorized into financial institutions, retailers, government agencies, hospitality, and others. Currently, financial institutions account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global cash logistics market include 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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