Cash Logistics Market Size
WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 25, 2024 /
EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, โ
Cash Logistics Market by Service, End User, and Mode of Transit: Global Opportunity Analysis and Industry Forecast, 2021โ2030,โthe global cash logistics market was valued at $16.83 billion in 2020, and is projected to reach $33.28 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030.
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ -
https://www.alliedmarketresearch.com/request-sample/2458
The cash logistics industry deals with the physical movement & storage of currency notes and other valuables on behalf of the banks. It mainly consists of cash management & security solutions such as cash-in-transit, cash management services, ATM replenishment & services, money processing, vault outsourcing, international transportation of valuables, intelligent safe services, and payment services. The locations include cash centers & bank branches, ATM points, large retailers, and other premises. At present, many cash logistics service providers implement cash management solutions such as smart safes, automation to reduce risk, real-time access to reporting data & account information, and streamlined processes to increase operational efficiency & transparency. Furthermore, advantages such as robust deployment process, strategic partnership, efficient project management, and others are also provided by cash logistics companies.
The
cash logistics market has witnessed significant growth over the years, owing to an increase in cash circulations despite digital currency in the developing regions. The companies that operate in the market have adopted collaboration, cooperation, partnership, product launch, R&D, and acquisition to increase their market share and expand their geographical presence. In 2018, Loomis AB & Sonet entered into a global partnership to offer advanced digital solutions to customers and build a bridge between physical & digital payments. Furthermore, Prosegur has acquired Logmais in Brazil, a banking correspondent company, to enhance new services for clients in Brazil that is expected to reinforce the company's position as a payment solutions provider with the guarantee of a solid, agile, and efficient presence throughout the Brazilian territory. In recent days, the rate of cash-in-transit vehicle robberies has increased exponentially, leading to injured staff and sometimes death. For instance, the Mercedes Benz Sprinter is the perfect example of an automated cash-in-transit vehicle that offers CCTV cameras, armored sliding doors, interlocked system, fingerprint scanner, LED push buttons for door controls, and coded infrared sensors. Thus, the adoption of cash logistics services by various businesses & government agencies reduces the added risk in todayโs economic environment using operational controls to provide efficient project management, dependable infrastructure, and others.
๐๐ก๐ ๐๐๐ฌ๐ก ๐ฆ๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฒ ๐๐๐๐-
Based service type, the cash management segment accounted for more than two-fifths of the global cash logistics market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 7.7% throughout the forecast period, owing to rise in demand for cash management activities across different institutions.
๐ฐ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:
https://www.alliedmarketresearch.com/cash-logistics-market/purchase-options
๐๐ก๐ ๐ซ๐จ๐๐๐ฐ๐๐ฒ๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฌ๐ก๐๐ซ๐-
Based on mode of transit, the roadways segment held 94% of
the global cash logistics market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 7.0% from 2020 to 2030. This is attributed to the fact that most of the key players operating in the market are utilizing armored vehicles as the mode of transit for cash.
๐๐ฎ๐ซ๐จ๐ฉ๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ ๐๐ซ๐ง๐๐ซ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐-
Based on region, Europe, followed by North America, held the major share in 2020, generating more than one-fourth of the global cash logistics market. LAMEA, however, would grow at the fastest CAGR of 8.1% by 2030. This is due to the increased demand for cash based transaction across African countries that have lower in internet penetration rate.
๐ฐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -
https://www.alliedmarketresearch.com/purchase-enquiry/2458
๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-
CMS
GardaWorld
GSL
GSLS
Lemuir Group
The Brink's Company
Cash Logistics Security AG
Loomis AB
G4S
Prosegur
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/drone-logistics-market-A10272 - Drone logistics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Application, by End-Use : Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/fourth-party-logistics-market - Fourth Party Logistics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/rail-logistics-market - Rail Logistics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Operational Area, by End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/automotive-logistics-market-A31507 - Automotive Logistics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Service, by Type, by Mode of Transport, by Distribution Area : Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/self-driving-truck-market - Self-Driving Truck Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Application, by Level of Automation, by Propulsion Type : Global Opportunity Analysis and Industry Forecast, 2025-2035
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter