Cash Logistics Market by Mode of Transit (Airways, Railways, Roadways), Component (Services, Software), End-Use - Global Forecast 2024-2030

Cash Logistics Market by Mode of Transit (Airways, Railways, Roadways), Component (Services, Software), End-Use - Global Forecast 2024-2030

The Cash Logistics Market size was estimated at USD 19.01 billion in 2023 and expected to reach USD 20.32 billion in 2024, at a CAGR 6.80% to reach USD 30.14 billion by 2030.

Cash logistics management solutions allow financial institutions to track return and cash ordering information from/to various sources, including ATMs, retail branches, central banks, commercial customers, and external vaults. Cash logistics has taken a significant position in modern cash distribution from the central banks to the final consumers. It has laid down systematic supply chain channels between money generators, distributors, and final users. The market is driven by the increasing installation of ATMs & significant cash transactions and rising adoption by jewelry showrooms, shopping malls, and corporate offices. However, concerns associated with safety & security and risk associated with cash logistics can pose a challenge to product penetration in the market. Current government norms on cash logistics to enhance security may impede this progress moderately, given their complex structure. Additionally, the emergence of AI and IoT in cash logistics management presents various opportunities for businesses to expand their portfolio and increase profitability.

Regional Insights

The cash logistics market in the Americas is highly innovative, driven by market players constantly working with software companies to develop automated solutions for remote cash supply chain management. The U.S. and Canada, and South American countries have witnessed exponential growth in cash circulation with the rise of new ATMs, creating an increased need for secure cash logistics vans. The Asia-Pacfic region remains a major cash-dependant region, mainly across China, India, Singapore, and Australia, focusing on microfinancing activities. The proliferation of shopping malls and jewelry stores in local regions in the Asia-Pacific has observed a high penetration of cash transactions, creating an immense need for cash management services. European countries such as Germany and Denmark are building regulations and rules regarding secure cash transportation between cities and states. This has encouraged market players in the region to upgrade their safety solutions and cash security software for tracking alerts. Africa observes a high number of bank and retail clients for cash management services, especially across South Africa, Malawi, Tanzania, and Nigeria. Moreover, cash logistics is on the run to become fully automated in Africa, driven by the partnerships between regional market players and cash supply chain software providers.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Cash Logistics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Significant cash transactions volume and increasing installation of ATMs
    • Expanding banking services in rural areas
    • Rising adoption by jewelry showrooms, shopping malls, and corporate offices
    • Market Restraints
      • Risk associated with cash logistics
      • Market Opportunities
        • The emergence of AI and IoT in cash logistics management
        • Improvements in cash logistics supply chain visibility and transparency
        • Market Challenges
          • Adoption of digital wallets and electronic payment methods
          • Market Segmentation Analysis
            • Component: Use of cash logistics for cash collection, pickup, and delivery services, which ensures the management, transportation, and protection of fund
            • Mode of Transit: Adoption of cash logistics in air transport for long-distance domestic and international cash transfers due to its speed and safety
            • End-Use: Government agencies and retailers adopting cash logistics to improve customer experience
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cash Logistics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cash Logistics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Hitachi Payments to acquire Writer’s cash management business
              
              Hitachi Payments has acquired Writer Corporation's cash management business, a diverse enterprise. This acquisition positioned Hitachi Payments as a comprehensive provider of payments and commerce solutions, offering ATM services to financial institutions and digital solutions to merchants.
              
              Banks planned to install 17,000 ATMs, CRMs
              
              With the growing demand for digital banking in India, banks are introducing new technology that aims to enhance the convenience and security of their services. One of the latest developments in cash logistics is the installation of 17,000 ATMs and CRMs across the country. This move is expected to facilitate speedy and efficient transactions, as it can enable customers to deposit and withdraw money without the hassle of having to visit a physical bank branch. Additionally, the new technology may enhance security measures and minimize the risks of fraud and theft. Overall, the growth in cash logistics technology reflects the banking industry's commitment to providing customers with the best possible experience while maintaining the highest levels of security.
              
              AGS Transact Technologies Limited Wins Order For 8,000+ ATMs/ CRMs In Q3FY23
              
              AGS Transact Technologies Limited, a leading provider of innovative cash management solutions, has recently secured a significant order in the cash logistics market. The company has won a contract to deploy 8000 ATMs and CRMs by Q3FY23, showcasing the trust and confidence that its clients have in its capabilities. This order is a testament to AGS Transact Technologies Limited's commitment to delivering reliable and efficient solutions that meet the evolving needs of the market. With its cutting-edge technology and unparalleled expertise, the company is well-positioned to continue leading the cash logistics industry.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cash Logistics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Cash Logistics Market, highlighting leading vendors and their innovative profiles. These include AGS Transact Technologies Ltd., Arute Solutions Yazılım A.Ş., AXIOM Armored, Brink's Incorporated, Cash Logistics Security AG, Certis Group, CMS Info Systems Limited, Diebold Nixdorf, Inc., Dista Technology Pvt. Ltd., Fiserv, Inc., G4S Limited, GardaWorld Security Corporation, Global Security Logistics Co., GSLS, Hitachi Channel Solutions, Corp., IBI International Logistics Inc., Kevlar Security Solutions Pty Ltd., Knightguard Protection Services Pty Ltd., Loomis AB, Mizuho Financial Group, Inc., Nucleus Software Exports Limited, PNC Financial Services Group, Inc, Prosegur Compañía de Seguridad, S.A., Radiant Cash Management Services Ltd., Sectran Security, Inc., SecureCash by Cash Management Solutions Pty Ltd., SIS Limited, Sumitomo Mitsui Financial Group, Inc., and Writer Business Services Pvt. Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Cash Logistics Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Mode of Transit
              • Airways
              • Railways
              • Roadways
              • Component
                • Services
                  • Cash Collection
                  • Cash Courier
                  • Cash Delivery
                  • Cash Pickup
                  • Cash Security
                  • Cash-In-Transit
                  • ​​ATM Replenishment Services
                  • Software
                    • ATM Management Solutions
                    • Cash Forecasting & Optimization
                    • Retail Cash Handling Device Optimization
                    • End-Use
                      • Financial Institutions
                      • Government Agencies
                      • Retailers
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year