Global Cash Logistics Market 2021 (Includes Business Impact of COVID-19)

  • TBI787616
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Cash Logistics Market 2021 (Includes Business Impact of COVID-19)

Global Cash Logistics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global cash logistics market report has been segmented on the basis service, end user, and region. Request Covid - 19 Impact The global cash logistics market was valued at $17496.26 million in 2020, and is projected to reach $39780.03 million by 2030, registering a CAGR of 8.69% from 2020 to 2030.

Global Cash Logistics Market: Overview

Cash logistics is a service that comprises of storage and physical movement of currency or cash from one point to another point. In addition, this service mainly used by financial institutions including banks and other industries including educational institutes, government agencies, etc.

Global Cash Logistics Market: Dynamics

Growing currency circulation in the economy has led to the demand for various cash logistic services including ATM services, cash-in-transit, etc. which is one of the major factor expected to drive growth of the global market. In addition, increasing deployment of ATM centers is a factor expected to fuel demand for cash logistic service and hence expected to support the target market growth. Increasing adoption of cash-in-transit service among various end users including, financial institutes, education industry, and government organizations is another factor expected to propel growth of the target market over the forecast period. In addition, the growing preference of financial institutions towards outsourcing their cash management services is another factor expected to drive growth of the global market. Technological advancements in cash-in-transit vehicles such as the integration of surveillance systems and location tracking devices is a factor anticipated to offer lucrative opportunities for the target market growth. Rising demand for safes and vaults among cash logistic companies for cash management is another factor expected to support revenue growth of the global market. Moreover, cash logistics services aid to efficient cash management and offer various benefits including the lower possibility of errors which is a factor expected to fuel target market growth. However, rising incidents of cash-in-transit vehicle thefts are one of the major factor projected to hamper growth of the global market. Moreover, increasing inclination towards digital payment system, especially among youth population is another factor expected to challenge the target market growth.

Global Cash Logistics Market: Segment Analysis

Among service segments, the cash-in-transit segment is expected to witness significant growth, due to increasing cash circulation in emerging economies. Among the end-user segment, the financial institution segment is projected to account significant revenue share of the global market, owing to increasing demand for cash-in-transit vehicles coupled with increasing implementation of ATMs.

Global Cash Logistics Market: Regional Analysis

Asia Pacific market is projected to register a substantial rate of growth, owing to the rapid expansion of financial institutions including banks. Moreover, rising installations of ATM machines in developing economies in this region is a factor expected to support target market growth. The market in North America is expected to account a significant share of the global market, in terms of revenue, owing to the increasing number of robberies. Markets in Latin America, Middle East & Africa, and Europe are expected to register considerable growth over the forecast period.

Below are the active patents related to Cash Logistics Market.

Patent Number:US8725641B2 Automated teller machine with virtual bank sharing Abstract An automated teller machine (ATM) which includes a plurality of peripherals including a user interface for interacting with a user providing user information; a plurality of virtual automated teller machines (VATMs) resident in the ATM, the VATMs networked to a plurality of financial institutions, each VATM capable of using its own ATM software application and capable of providing its own menu of banking options to the user; and an interface to communicate between the VATMs and the plurality of peripherals, receive the user information from the user interface, identify the users financial institution, link the user with the users financial institution through a selected VATM corresponding to the users financial institution and provide the menu of banking options to the user as if the user were using an ATM dedicated to the users financial institution. Application File Date: 2013-08-05 Application Granted Date: 2014-05-13 Current Assignee: International Business Machines Corp Patent Number: US20110066552A1 Card-less financial transaction Abstract Systems (and corresponding methodologies) that facilitate card-less financial transactions are provided. The innovation enables card-less ATM (automated teller machine) transactions such as cash withdrawals, transfers, balance inquiries, etc. In aspects, customers can set up an ‘electronic wallet’ account based upon a pre-set range or otherwise. Accordingly, access to the ‘electronic wallet’ is granted or denied based upon responses to challenges presented. Application File Date: 2010-11-19 Application Granted Date: 2012-05-29 Current Assignee: Wells Fargo Bank NA Patent Number: CN102819891B ATM (automatic teller machine) clearing and cash replenishing control system and method Abstract The embodiment of the invention discloses an ATM (automatic teller machine) clearing and cash replenishing control system and method. In one embodiment of the invention, the ATM clearing and cash replenishing control system comprises a server side, a plurality of ATM sides, a plurality of handheld PDA terminals and a plurality of cash boxes to be replenished with cashes; the ATM sides are networked with the server side; the handheld PDA terminals are networked with the server side; the server side is used for generating the cash replenishing task and processing and managing the data of the cash replenishing task; the ATM sides are provided with ATM cash boxes, dynamic password locks and electronic keys; the handheld PDA terminals are used for realizing the typing-in of data in the whole clearing and cash replenishing process; electronic tags are adhered to the cash boxes to be replenished with cashes; and the unique cash box number, the name of the network to be replenished with cashes, the number of the network agency and the serial number of the ATM are stored in the electronic tag. A hardware information integration system is used for intensively and dynamically managing the data generated in the clearing and cash replenishing process of the ATM, and in addition, an efficient cash replenishing security authentication mechanism is provided so that the clearing and cash replenishing efficiency and security of the ATM are improved. Application File Date: 2012-08-07 Application Granted Date: 2014-08-20 Inventor: Xu Hangsheng

Global Cash Logistics Market Segmentation:

Segmentation by Service:
  • Cash-in-transit
  • Cash Management
  • ATM Services
Segmentation by End User:
  • Government Agencies
  • Financial Institutions
  • Retailers
  • Others

Key Market Players included in the report:

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Cash Logistics Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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