Global Cash Logistics Market to Reach $34.31 Billion by 2029, Growing at 9.7% CAGR

What combination of drivers is leading to accelerated growth in the cash logistics market?
The expansion of ATMs is foreseen to drive the growth of the cash logistics market in the future. An ATM, which stands for automated teller machine, is essentially a financial transaction device and an automated banking system that doesn't need a teller or a physical cashier to distribute physical cash. The procedure of gathering, controlling, and depositing cash through an ATM, which is entrusted by banks to customers, is what is known as cash logistics. For example, according to a November 2023 report by KAL ATM Software, a multivendor ATM software and ATM security solutions firm based in Germany, 43% of respondents globally claimed to have between 1 and 500 ATMs, and 31% managed between 500 and 2,000 ATMs, which went up to 32% in 2023. Moreover, 26% of them operated more than 2,000 ATMs, escalating to 27% in 2023. Besides, the UK saw a 19% rise in annual ATM cash withdrawal volumes. Hence, the increasing proliferation of ATMs is steering the growth of the cash logistics market.

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What is the projected compound annual growth rate (CAGR) of the cash logistics market from 2025 to 2034, and what factors influence it?
In the last few years, the size of the cash logistics market has seen significant growth. Predicted to increase from $21.9 billion in 2024 to $23.68 billion in 2025, reflecting an 8.1% compound annual growth rate (CAGR). This growth during the historical period can be linked to the robust economic expansion in the developing markets, an increase in the installation of ATMs, and a surge in the flow of cash within the economy.

Anticipated to witness robust expansion in the forthcoming years, the cash logistics market size is projected to escalate to $34.31 billion by 2029, registering a compound annual growth rate (CAGR) of 9.7%. The swell in the projection period might be due to the growing preference for cash-on-delivery (cod) payment approach, surging population, and an upsurge in funds. Major forecasts during this period comprise the adoption of artificial intelligence in cash handling, improvements in technology, and the establishment of strategic alliances and collaborations.

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How are the latest trends influencing the growth of the cash logistics market?
Prominent entities in the cash logistics market are concentrating on unveiling state-of-the-art solutions such as upgradable ATMs to satisfy customer needs and consolidate their standing. These upgradable ATMs are engineered to transform without difficulty into cash recycling machines (CRMs) or superior systems, thus providing adaptability for impending updates without the requirement for replacement. For example, in April 2024, Hitachi Payment Services, an Indian payments and commerce solutions firm, rolled out the country's inaugural upgradable ATM. This innovative ATM can effortlessly morph into a high-efficiency Cash Recycling Machine (CRM) when required. Born from the Make in India campaign, these versatile ATMs grant banks amplified flexibility and productivity. The pioneering model facilitates a trouble-free transformation from ATM to CRM, curtailing the necessity for expensive substitutions and protracted installations, while readying banks to cope with future market requirements.

What are the major segments of the cash logistics market and their role in driving growth?
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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Which regions are key players in the growth of the cash logistics market?
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.

Who are the key firms paving the way for growth 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

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What Is Covered In The Cash Logistics Global Market Report?

•Market Size Forecast: Examine the cash logistics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cash logistics market for a structured understanding.
•Key Players Overview: Analyze major players in the cash logistics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cash logistics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cash logistics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cash logistics market.
•Industry Challenges: Identify potential risks and obstacles affecting the cash logistics market.
•Competitive Landscape: Review strategic developments in the cash logistics market, including expansions, agreements, and new product launches.

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