Global Cash Logistics and Transportation Market: Size, Trends & Forecasts (2017-2021)
Scope of the Report
The report titled “Global Cash Logistics and Transportation Market: Size, Trends & Forecasts (2017-2021)”, provides an in-depth analysis of the global cash logistics market by value, by region and by segments.
The report provides a regional analysis of the cash logistics and transportation market, including the following regions: Europe, Asia Pacific, US & Canada, Latin America and Africa and Middle East.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global cash logistics and transportation market has also been forecasted for the period 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The competition in the global cash logistics and transportation market is dominated by the four big players. Further, key players of the cash logistics and transportation market The Brink’s Company, G4S, Loomis and Prosegur are also profiled with their financial information and respective business strategies.
US & Canada
Africa and Middle East
The Brink’s Company
Cash is used as a medium of exchange for goods and services. Cash is the most liquid asset and has dominating and wider acceptability around the globe. The definition of cash has broadened in the current scenario beyond printed notes and minted coins. The technological penetration into the field of cash has led to the evolution and emergence of alternative means of payments such as credit cards, debit cards, e-wallets, cryptocurrency among others. However, a majority of global population still uses cash to conduct transactions because of it being the safest medium and the old notions surrounding cash that are perceived into the human minds from aeons.
Cash in itself is an industry, a business that involves its creation, processing, and logistics. The cash logistics include cash in transit and cash management services. Increasing technological penetration into cash, has led the pathway for BFSI agencies, units, authorities, governments and bureaucracies to outsource cash related activities such as logistics, management and retail. The first wave, second wave and third wave elaborate on the outsourcing process of cash.
The global cash logistics and transportation market has increased at a significant CAGR during the years 2015-2016 and projections are made that the market would rise in the next four years i.e. 2017-2021 tremendously. The cash logistics and transportation market is expected to increase due to growth in e-commerce sales, rise in global GDP, increase in global number of ATMs, etc. Yet the market faces some challenges such as, emergence of cryptocurrency, increase in non cash transactions, etc.