According to the research report titled ‘Global Cash Logistics Market (2021 Edition) - Analysis By Service Type (RCM, DCV, ATM Cash Management), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global cash logistics market was valued at USD 18.67 billion in 2020 and is expected to record significant growth through 2026.

The rising disposable income, the surging adoption of ATM cash management, technological advancements, the increasing technology infiltration in retail cash management & financial institutions, and the growing usage of electronic devices are some of the factors positively influencing the expansion of global cash logistics market.

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Based on service type, the market is fragmented into ATM cash management, retail cash management (RCM), and dedicated cash-in-transit vans (DCV). Among these, ATM cash management witnessed commendable expansion in recent past and is anticipated to observe substantial growth in the forecast timeline, due to rising demand for safety systems, a higher concentration of cash logistic companies, an increasing number of ATMs, and surging per capita income.

Moving on to the end-user spectrum, the market is segmented into retail, financial institutions, and others. Out of these, the financial Institutions segment is predicted to capture a notable market share over the analysis period, due to increasing demand for new comfort and security for customers.

The regional analysis of this business space extends to the Middle East and Africa, America, Asia-Pacific, and Europe, with major emphasis on countries such as Mexico, Spain, China, Japan, France, India, Germany, the U.S., the UK, and Canada.

The report claims that Asia Pacific market is expected to witness significant growth in subsequent years, owing to the higher concentration of OEMs and ODMs, rising urbanization, increasing disposable income, advancements in technology, and growing demand to improve quality by eliminating errors and reducing variability.

Meanwhile, Americas is expected to account for the largest market share in 2026.

The major companies operating in the global cash logistics market are Dunbar Inc., MPS Security, Allied Universal, Securitas AB, SIS Group Enterprise, Prosegur Compañía de Seguridad S.A., Brink's Company, GardaWorld Corporation, Loomis Schweiz AG, and GS4 plc.