Cash has its significance in not just any country’s economy but also of this planet. Transportation or logistics is very important. Cash logistics primarily is the process of securely transporting, storing, and managing physical cash, and also mitigating associated risks such as theft, fraud, and counterfeiting. Logistics of cash is inclusive of a variety of activities, including the collection of cash from businesses and individuals, transportation of cash to secure locations, sorting and processing of cash, and the delivery of cash to banks and other financial institutions. It also involves the use of specialized equipment and security personnel to ensure that cash is protected at all times during transit and storage. The main focus of cash logistics is to ensure the safe and efficient handling of physical cash, while minimizing the risk of loss or theft. Along management of cash and security, cash logistics is also used in regulatory compliance and economic stability. Financial institutions and other businesses that handle cash are under obligation of complying to a range of regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) regulations. Cash logistics plays a key role in helping these organizations meet these requirements and avoid regulatory penalties. On the other hand, cash logistics is immensely important for maintaining the stability of the financial system and ensuring that cash-based transactions can be conducted safely and efficiently. Without reliable cash logistics systems, there could be disruptions to the flow of cash in the economy, which could have negative impacts on businesses, consumers, and the wider economy. The global cash logistics market is aggressively growing courtesy of various factors.
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Global Cash Logistics Market Report Highlights
- The global cash logistics market was worth US$ 19.7 Bn in 2022, growing at a CAGR of 8.9% over the forecast period (2023 – 2031). One of the major reason why the global cash logistics market is growing is due to increasing need for safe movement of cash. Along with this, growing economy coupled with rise in financial transactions across different industry verticals also provides impetus to this market’s growth.
- The surging adoption of digital payments across the globe will dampen the growth of the global logistics market.
- The global cash logistics market is forecasted to see tremendous growth in coming few years due to integration of advance technologies in cash logistics operations.
- Asia Pacific region is expected to be the rapid growing region for the global cash logistics market during the forecast period 2023-2031. Despite digitalization in countries in India and China, the market will continue to grow owing to introduction of new denominations of currency.
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Some of the key players operating in the global cash logistics market are:
- Alpha 4 Security
- Brink’s Incorporated
- Cash Logistik Security AG
- CMS
- G4S Limited
- G4S plc
- GardaWorld
- Glory Global Solutions (International) Limited
- GSLS
- Loomis AB
- Prosegur
- SIS Group Enterprise
- Vaultex UK Limited
- Wilmington Savings Fund Society, FSB
- Writer
- Other Market Participants
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Global Cash Logistics Market Segmentation
Absolute Markets Insights has segmented the global cash logistics market on the basis of services, type, organization size, end users and region.
Global Cash Logistics Market Services Outlook (Revenue, USD Million, 2015 – 2031)
- Cash in Transit
- Cash Processing (Including Counterfeit Verification, Counting, Sorting and Packaging)
- ATM Management
- ATM Replenishment
- ATM Engineering and Maintenance
- Asset Management
- Cash Forecasting
- ATM Monitoring
- Others
- Vault Services
- Door Step Banking Solutions
- International Logistics
- Others
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Global Cash Logistics Market Type Outlook (Revenue, USD Million, 2015 – 2031)
- Comprehensive Service Packages
- Customized Services
Global Cash Logistics Market Organization Size Outlook (Revenue, USD Million, 2015 – 2031)
- Small and Medium Enterprises
- Large Enterprises
Global Cash Logistics Market End Users Outlook (Revenue, USD Million, 2015 – 2031)
- Banks and Financial Institutions
- Hotels and Restaurants
- Diamonds and Jewellery Sector
- Public Sector and Government
- Retail and Shopping centers
- Hospitals
- Educational Institutions
- Logistics and Shipping Companies
- Others
Global Cash Logistics Market Regional Outlook (Revenue, USD Million, 2015 – 2031)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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