Cash Logistics Market Poised for 6.9% CAGR Growth, Reaching $33.28 Billion by 2030

The global Cash Logistics Market was valued at $16.83 billion in 2020, and is projected to reach $33.28 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030. Increase in circulation of cash, surge in demand for safe and vault for cash management, and rise in deployment of ATMs drive the growth of the global cash logistics market. On the other hand, surge in the incidence of cash-in-transit vehicle robberies and growing adoption of digital money impede the growth to some extent. However, emergence of fully automated cash-in-transit vehicles is expected to create lucrative opportunities in the industry.

Download Sample Report (Get Full Insights in PDF - 161 Pages) at: https://www.alliedmarketresearch.com/request-sample/2458

The cash logistics industry deals with the physical movement & storage of currency notes and other valuables on behalf of the banks. It mainly consists of cash management & security solutions such as cash-in-transit, cash management services, ATM replenishment & services, money processing, vault outsourcing, international transportation of valuables, intelligent safe services, and payment services. The locations include cash centers & bank branches, ATM points, large retailers, and other premises. At present, many cash logistics service providers implement cash management solutions such as smart safes, automation to reduce risk, real-time access to reporting data & account information, and streamlined processes to increase operational efficiency & transparency. Furthermore, advantages such as robust deployment process, strategic partnership, efficient project management, and others are also provided by cash logistics companies.

The key players profiled in this report include

CMS
GardaWorld
GSL
GSLS
Lemuir Group
The Brink's Company
Cash Logistics Security AG
Loomis AB
G4S
Prosegur

Buy Now & Get Exclusive Discount on this Report : https://www.alliedmarketresearch.com/cash-logistics-market/purchase-options

The cash logistics market has witnessed significant growth over the years, owing to an increase in cash circulations despite digital currency in the developing regions. The companies that operate in the market have adopted collaboration, cooperation, partnership, product launch, R&D, and acquisition to increase their market share and expand their geographical presence. In 2018, Loomis AB & Sonet entered into a global partnership to offer advanced digital solutions to customers and build a bridge between physical & digital payments. Furthermore, Prosegur has acquired Logmais in Brazil, a banking correspondent company, to enhance new services for clients in Brazil that is expected to reinforce the company's position as a payment solutions provider with the guarantee of a solid, agile, and efficient presence throughout the Brazilian territory.

Based service type, the cash management segment accounted for more than two-fifths of the global cash logistics market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 7.7% throughout the forecast period, owing to rise in demand for cash management activities across different institutions.

Get Customized Reports with you're Requirements: https://www.alliedmarketresearch.com/request-for-customization/2458

Factors such as growth in the circulation of cash, rise in the demand for safe & vault for cash management, and increase in the deployment of ATMs supplement the market's growth across the globe. However, factors such as increase in cash-in-transit vehicle robberies and rise in the adoption of digital money hamper the market's growth around the world. Moreover, factors such as production of fully automated cash-in-transit vehicle and rise in cash demand from emerging economies create ample opportunities for the market's growth during the forecast period.

Based on mode of transit, the roadways segment held 94% of the global cash logistics market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 7.0% from 2020 to 2030. This is attributed to the fact that most of the key players operating in the market are utilizing armored vehicles as the mode of transit for cash.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2458

Key Findings Of The Study

By end user, the Hospitality segmentis expected to register a significant growth during the forecast period.

Depending on mode of transit, the roadways segment is anticipated to exhibit significant growth in the near future.

LAMEA is anticipated to register the highest CAGR.

Regional Analysis:

Based on region, Europe, followed by North America, held the major share in 2020, generating more than one-fourth of the global cash logistics market. LAMEA, however, would grow at the fastest CAGR of 8.1% by 2030. This is due to the increased demand for cash based transaction across African countries that have lower in internet penetration rate.

Other Trending Reports:

Logistics Business Outsourcing Market - https://www.alliedmarketresearch.com/logistics-business-outsourcing-market-A283616

Event Logistics Market - https://www.alliedmarketresearch.com/event-logistics-market-A10340

UK Cold Chain Logistics Market - https://www.alliedmarketresearch.com/uk-cold-chain-logistics-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.