Cash Logistics Global Market Report 2024

Cash logistics pertains to the secure transportation of cash from client locations to designated cash processing centers. At these centers, the cash undergoes counting, verification, inspection, and subsequent crediting to the client's account. The primary objective is to efficiently manage, transport, and safeguard funds, mitigating risks and preventing public exposure to large sums of money. This service encompasses the physical movement and handling of cash between various locations.

The key categories within cash logistics are cash management, cash-in-transit (CIT), and ATM services. Cash management involves overseeing cash flows derived from a company's operational, investment, and financing activities. It includes specialized tasks such as ATM cash replenishment, CIT, retail cash management such as doorstep banking, comprehensive line maintenance, cash processing, and vaulting services. Various transportation modes, including roadways, railways, waterways, and airways, are utilized for these operations. Cash logistics services cater to a range of industries such as financial institutions, retailers, government agencies, hospitality, and other end-users.

The cash logistics market research report is one of a series of new reports from The Business Research Company that provides cash logistics market statistics, including cash logistics industry global market size, regional shares, competitors with a cash logistics market share, detailed cash logistics market segments, market trends and opportunities, and any further data you may need to thrive in the cash logistics industry. This cash logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cash logistics market size has grown strongly in recent years. It will grow from $20.53 billion in 2023 to $22.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. Historical growth can be linked to the vigorous economic expansion experienced in emerging markets, the increased proliferation of ATMs, and an uptick in the circulation of currency within the economy.

The cash logistics market size is expected to see strong growth in the next few years. It will grow to $31.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. Anticipated growth in the forecast period is expected due to the ascent of the cash-on-delivery (COD) payment method, a growing population, and increased funding. Significant trends projected for this period include the integration of artificial intelligence in cash management practices, ongoing technological advancements, and an upsurge in strategic partnerships and collaborations.

The anticipated growth of the cash logistics market is expected to be propelled by an increase in the deployment of ATMs (Automated Teller Machines). ATMs serve as financial transaction machines and automated banking platforms, facilitating the circulation of physical cash without the need for a teller or human cashier. The process of collecting, managing, and depositing cash at ATMs, often outsourced by banks to users, is referred to as cash logistics. For instance, as reported by the Reserve Bank of India, the number of bank ATMs in India reached 213,575 in March 2021, marking a 1.3% increase from March 2020. This rise in ATM development is identified as a significant driver behind the growth of the cash logistics market.

A factor contributing to the market's growth is the increasing adoption of the cash-on-delivery (COD) method of payment. COD allows buyers to make payments, either in cash or through cards, at the time of receiving their orders. This method results in a surge in cash transactions, thereby driving the demand for cash logistics services. For example, in Indonesia, more than 60% of online purchases in 2022 utilized the COD method for payments, according to Atlantis Press, a Netherlands-based open-access publisher. Similarly, GoKwik, an India-based e-commerce service, reported that 64% of all orders on its network in the second quarter of 2022 were placed using the cash-on-delivery option. The increasing popularity of the COD payment method is expected to be a key factor propelling the growth of the cash logistics market in the forecast period.

The cash logistics market is experiencing a notable trend with the introduction of mobile ATMs, a move embraced by major companies to meet consumer demand and enhance their market positions. An example of this trend is evident in the actions of HDFC Bank, an Indian banking and financial services company. In May 2021, HDFC Bank deployed mobile Automated Teller Machines (ATMs) in India to assist clients and offer innovative services. The introduction of mobile ATMs aims to eliminate the need for individuals to withdraw cash solely from limited or fixed locations. HDFC Bank implemented mobile ATMs in approximately 50 cities in India in 2021, with Bengaluru being the bank's 25th city to receive this service. Mobile ATMs provide customers with the convenience of conducting over 15 different types of transactions and are available for a limited time at each location.

A significant trend in the cash logistics market involves key players adopting artificial intelligence (AI) to enhance cash management and forecasting. AI technologies are revolutionizing these processes, contributing to increased effectiveness and efficiency. An illustrative example is Kyriba, a California-based provider of cloud-based finance and IT solutions. In September 2022, Kyriba launched Cash Management AI, a new solution leveraging artificial intelligence and data science technologies to predict cash availability with improved speed, control, and reliability. This innovation is expected to instill greater confidence and precision in financing investments, a crucial priority for treasurers, particularly amid the current environment of rising interest rates and market volatility. The integration of AI in cash management represents a strategic move by key players to stay at the forefront of technological advancements in the cash logistics market.

In April 2021, Allied Universal, a prominent US-based security systems and services provider, successfully acquired G4S for a substantial deal valued at £3.8 billion ($4.007 billion). Through this acquisition, Allied Universal positioned itself as the third-largest employer in North America and a global frontrunner in integrated security services, boasting an unparalleled range of expertise and expanded opportunities for its clientele. G4S, a UK-based company, specializes in secure physical transportation of currency, encompassing banknotes and coins, between different locations.

Major companies operating in the cash logistics market report are 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, CEVA Logistics, Fujitsu Frontech Ltd., Hitachi-Omron Terminal Solutions Corporation, Nautilus Hyosung Corporation, Deppon Logistics, FloatApp, Akoni, G4S PLC, Fennech Financial Limited, NoviCap, Intellifas Ltd., Cash Logistics Security AG, Waves Enterprise, BCS World of Investments, UBS Russia, Sberbank, ATON, Viking Cash Logistics, Cosan Group, Green Cash Logistics, Carlyle Group, Rapyd, Giesecke +Devrient, Massar Group, Sanid, APSG, Eraf Group, Alrajhi Bank, Absa Group, Uni24.co.za, CITASA, Kazang Connect, SBV Services, Umnotho cash Management

Asia-Pacific was the largest region in the cash logistics market in 2023. The regions covered in the cash logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cash logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The cash logistics market includes revenues earned by entities by administering, delivering, and securing the funds primarily by removing risks and exposing them to the public. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Cash Logistics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cash logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cash logistics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cash logistics market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: The Brink's Company; Loomis AB; Prosegur Compania de Seguridad SA; Allied Universal; GardaWorld
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.