The global market for cash logistics services has been influenced positively by the rising security concerns amongst banks and corporate houses which require secure movement and management services for cash. Growing ATM market has resulted in rise in demand for cash logistics services.
The Global Cash Logistics market has witnessed stable growth in the demand for the cash logistics as well as management services. While apprehension to use electronic payment systems and penetration of ATMs is conducive to the growth of the market, popularity of plastic money and mobile wallets is adversely affecting the market prospects.
In the forecast period, Asia pacific region is likely to provide maximum opportunity for players to bank upon as the market is expected to witness high growth rate in the period 2016-2021. The global market witnessed a CAGR of 8.30% during 2011-2015 which is likely to reduce in the forecast period.
As per the research report “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)” published recently by Publisher, the market is dominated by top 5 global players like Brinks, Prosegur, Loomis, G4S and Garda World.
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The present report fulfils the objective of the research which is to present the insights into the cash logistics market, analysis of market data and the historical growth (2011-2015) of the global cash logistics market by various segments (Cash in transit and Cash management). The growth and development of the market and its trends have been figured out through secondary research (associations, annual reports, magazines, journals) and by various paid databases. Primary research was conducted and industry experts were interviewed extensively for ensuring the accuracy in the analysis and insights.
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The report provides Segmentation of Cash Logistics services
-Cash in Transit
The report provides Coverage by Geography
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