October 29, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Cash Logistics Market (2019 Edition) - World Market Review By Segment (Cash in Transit, Cash Management), End User (Retail, Financial Institutions), By Region, By Country: Forecast to 2024 -- By Region (N. America, Europe, APAC, ROW), By Country (US, Canada, Mexico, UK, Germany, Spain, China, India)’, the worldwide cash logistics market is predicted to expand significantly by the year 2024.
Cash logistics service refers to handling of cash from one place to another as well as physical movement of cash. Expanding ATM network across various emerging nations, coupled with rising initiatives undertaken by government to strengthen financial inclusion, and extension of banking facilities in rural area are the main parameters augmenting the growth of cash logistics market.
Furthermore, market growth is aided by increase in disposable income & purchasing power and surging global population. Growing implementation of strict rules & regulations for safe cash handling to curb rising levels of crime rates will further propel cash logistics market growth.
As per the report, cash logistics market was worth US $27.3 billion in 2018 and is projected to grow momentously by the year 2024. The report also offers a comprehensive insight about revenue shares and growth rates for each segment. Details regarding market dynamics, such as drivers, restraints, and trends impacting the industrial growth, alongside the expansion strategies for each company are also encompassed.
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Based on the type, cash logistics market is fragmented as cash management and cash in transit. While considering the end-user spectrum, the market is segmented as retail, financial institutions, and others.
Speaking of the regional outlook, the global cash logistics market is bifurcated into four major regions which are Europe, Asia Pacific, North America and rest of world, with key focus on countries including United Kingdom, Canada, Mexico, United States, Spain, China, India, and Germany.
The prominent companies operating in cash logistics market include G4S, GardaWorld, Loomis, Brink’s and Prosegur.
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