Global Cash Logistics Market 2017-2021
About Cash Logistics
The global cash logistics market involves physical movement of cash from one location to another. Cash logistics services include ATM services, armored cash transportation and management services, and transportation of valuables. The market has experienced growth due to the rising security concerns prevalent among corporate houses and financial institutions. These companies and institutions require secure services for management and movement of cash.
Technavio’s analysts forecast the global cash logistics market to grow at a CAGR of 10.18% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cash logistics market for 2017-2021. To calculate the market size, the report considers the revenue generated from by different vendors by providing various cash logistics services, such as cash-in-transit, cash management, and ATM to various customers which include banks, corporate houses, large retailers
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cash Logistics Market 2017-2021
Technavio recognizes the following companies as the key players in the global cash logistics market: Brink's, G4S, GardaWorld, Loomis and Prosegur.
Other Prominent Vendors in the market are: Cash Logistik Security, CMS Infosystems, Global Security Logistics, General Secure Logistics Services (GSLS), Lemuir Secure Logistics (LSL), Maltacourt Global Logistics, Paragon Security, Securitrans India, Securitas, Security and Intelligence Services (SIS), Toll Group and Writer Safeguard.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of organic and inorganic prospects in cash logistics. The global cash logistics market is adopting organic and inorganic methods to expand its operations. However, the fragmented nature of most of the market and its lack of compliance with regulations are major hindrances to the inorganic growth of the market.”
According to the report, one driver in the market is rise in safe and vault demand for cash management from cash logistics firms. There is always a strong demand for safety vaults and locks from the banking sector for storing cash and other valuable items. To protect vaults from burglar attacks, they are fitted with an array of alarms and anti-theft devices. These vaults have doors, panels, and locks, which possess characteristics like low maintenance, emergency ventilators, and integrated light switches with electrical boxes and ventilators. The demand for safety systems is on the rise, especially in developing regions where there is an increase in disposable income.
Further, the report states that one challenge in the market is highly competitive cash logistics market. The global cash logistics market is highly competitive with many regions, such as Asia and Africa remaining untapped. Owing to the similar nature of services provided by various vendors, there is immense pressure in terms of pricing and reputation, with the quality of services offered being the major differentiator while bagging cash logistics contracts. Cost effectiveness and ability to manage risks effectively are primary factors that determine the selection of vendors. The banking crises in Europe during 2009 and devaluation of currency in some countries of South America have increased pressure and competitiveness.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-cash-logistics-market-2017-2021
Brink's, G4S, GardaWorld, Loomis, Prosegur, Cash Logistik Security, CMS Infosystems, Global Security Logistics, General Secure Logistics Services (GSLS), Lemuir Secure Logistics (LSL), Maltacourt Global Logistics, Paragon Security, Securitrans India, Securitas, Security and Intelligence Services (SIS), Toll Group and Writer Safeguard.
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