How Global Cash Logistics Market Is Positioned?
The cash logistics market has its history since the 1850s when Brink’s began operations transporting cash on horse-drawn carts. Brink’s Global Services began in 1959 that provided international transit. The services provided by Brink’s required the company to upgrade their vehicles with weapons as their cash volumes grew till 1960. The company expanded outside US, intro Europe and South America till late 1980s.
By early 1990s, ATM outsourcing began in United States; with companies offering ATM maintenance and repair work in addition to cash handling. Companies expanded their operations globally during this period.
The period also saw introduction of cash automation services for retail businesses. Companies introduced cash machines and recyclers that performed multiple functions of sorting, counting and packing.
As digital banking services grow, Banks are increasingly shutting down branches and outsourcing ATM management, providing an opportunity to companies to expand into new markets.
As digital banking services grow, Banks are increasingly shutting down branches and outsourcing– ATM management, providing an opportunity to companies to expand into new markets.
This trend coincides with rise in cash handling costs for companies, which has driven consolidation as a way of gaining market share in existing markets as well as entry into new markets. Companies are expected to invest in tech related services including cyber security, payment processing and cash management. The global companies such as Prosegur, Loomis among others, have undertaken acquisitions to gain market share in existing markets, enter new markets and diversify their products and services. With declining margins around the world for cash transportation, and growing shift towards retail solutions, consolidation is expected to continue in the future as competition is expected to concentrate among the top few players. There has been a rise in the number of bank branches in developing countries over the years. With the economic reforms & restructuring progress, more international players are getting attracted to enter the banking & financial sector in these countries.
Key Segments Covered
Latin America, Middle East and Africa
Cash in Transit
Retail Cash Management
Other Cash Services – Cash Processing, Counting, Sorting, Packaging
By Countries Covered
United States of America
Key Target Audience
Existing Cash Logistics Companies
Investors and Venture Capital Firms
Technology Based Startups
Banking and Financial Institutions
ATM Managed Services Companies
ATM Supply Companies
Time Period Captured in the Report:
Historical Period: 2013 -2018
Forecast Period: 2019-2023
Key Topics Covered in the Report
Global Cash Logistics Market Value Chain Analysis
Global Cash Logistics Market Overview
Global Cash Logistics Market Trends
Global Cash Logistics Market Challenges
Global Cash Logistics Future Projections
Global Cash Logistics Market Segmentation by Region
Global Cash Logistics Market Segmentation by Service
Competition Analysis of Global Cash Logistics Companies
Country Profiles – United States, Brazil, France, United Kingdom, Germany, India, Australia, Indonesia, Saudi Arabia, Spain
For more information on the research report, refer to below link:
Vietnam Express and E-Commerce Logistics Market Outlook to 2022 – By Air and Ground Express, By Channel (3PL and E-Commerce Merchants), By Intercity and Intracity Orders and By Payment Method (Cash on Delivery and Others)
Ankur Gupta, Head Marketing & Communications