Published on : Jul 04, 2016
ALBANY, New York, July 04, 2016: A recent report added to the database of ResearchMoz.us offers a brief study on the global cash logistics market. The publication, titled ‘Global Cash Logistics Market (By Segment, By Region): Trends, Opportunities and Forecasts (2016-2021) (By Segment - Cash in Transit, Cash management: By Region – North America, Europe, APAC, ROW: Market Entry Strategies: Company Analysis: Strategic Recommendations),’ highlights the major factors influencing the demand for cash logistics.
As per the research, the global cash logistics market exhibited a steady 8.30% CAGR during the period from 2011 to 2015. The market is expected to grow steadily from 2016 to 2021 owing to the rising demand for secure cash management services. Corporate houses and banks have been facing many security concerns while managing cash flow transactions. This has created the need to implement secure management and movement services for cash. In the recent past, the ATM market has registered considerable growth across the globe, which has led to the growing demand for various cash logistics services. All these factors can boost the global cash logistics market, state the report’s authors.
For a detailed understanding of the market, the analysts have broadly segmented the global cash logistics market on the basis of region and service. Based on region, the global cash logistics market is divided into Asia Pacific, North America, Europe, and Rest of the World. At present, Asia Pacific leads the global cash logistics market owing to the growing use of secure cash logistics. The Asia Pacific cash logistics market is projected to dominate the global market from 2016 to 2021.
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Cash management and cash in transit are the two service segments of the global cash logistics market. In the last five years, there have been many cases of ATM frauds. This has led to the growing demand for secure cash management and cash in transit services. The growing number of ATM machines being installed across the globe is the primary factor influencing the service segments positively.
While the global cash logistics market is enjoying many growth opportunities, it is expected to face a few challenges in the near future. Rising penetration of ATMs and the increasing use of electronic payment systems have been benefiting the global cash logistics market. However, the rising use mobile wallets and plastic money can hamper the growth of the market throughout the forecast period.
As per the study, the global cash logistics market has witnessed many changing trends in recent years. Leading players are investing more efforts to offer latest cash logistics services across many regions. Currently, the global cash logistics market is dominated by Brinks, Loomis, Garda World, Prosegur, and G4S. With a few new players expected to enter the competition, the global cash logistics market is projected to be highly opportunistic.
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