Cash Logistics Market Future Plans and Industry Growth with High CAGR by Forecast 2026 | COVID-19 Impact
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Growth in circulation of cash, rise in demand for safe and vault for cash management, and increase in deployment of ATMs drive the market growth. The cash-in-transit segment captured the largest share and is expected to dominate the market through 2025. The financial institutions segment would maintain its revenue lead through 2025. Asia-Pacific would grow at the fastest CAGR during the study period.
According to the report published by Allied Market Research, the global cash logistics market garnered $16.50 billion in 2017 and is expected to reach $30.70 billion by 2025, registering a CAGR of 7.8% from 2018 to 2025.
The report presents a detailed analysis of the cash logistics market, including aspects such as market size and share, market dynamics such as drivers and restraints, market segmentation, and company profiles. The report serves as an essential tool for stakeholders such as market players and investors as it helps them figure out the opportunities in the space and provides them with accurate data that enables them to make smart business decisions.
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The report offers an analysis of the growth drivers, restraints and opportunities of the cash logistics market. Factors such as growth in circulation of cash, rise in demand for safe and vault for cash management, and increase in deployment of ATMs drive the growth of the market. However, rising adoption of digital money and increase in cash-in-transit vehicle robberies restrict the growth of the industry. Conversely, production of fully automated cash-in-transit vehicle and rise in cash demand from emerging economies offer new opportunities for the growth of the market.
Analysis of the leading players operating in the cash logistics market such as The Brink's Company, Cash Logistics Security AG, CMS Info Systems Ltd., G4S PLC, Garda World Security Corporation, Global Security Logistics Co., GSLS, Lemuir Group, Loomis, and Prosegur Cash S.A., included in this report.
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