Cash Logistics Market Trends 2022-2027

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Global Cash Logistics Market Research Report:

According to the latest report by IMARC Group, titled “ Cash Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-20 27

” the global cash logistics market reached a strong growth in 2021.

Cash logistics refers to a service provided by third-party organizations to financial institutions for managing the physical movement and storage of currency notes and other valuables. It primarily consists of ATM services, cash management, cash in transit, etc. Cash logistics ensures safe and secure transportation of cash, movement of bullion and coins, ATM replenishment and maintenance, and cash processing, including counting, sorting, packaging, counterfeit verification, etc. It also enables costeffective and efficient branch-level supply chain automation. Consequently, cash logistics finds extensive application across numerous establishments, such as financial institutions, retailers, hospitality, government agencies, etc.

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Global Cash Logistics Market Trends :

The growing demand for an integrated platform that lowers the complication of cash management, on account of the elevating usage of bank services across countries, is primarily driving the cash logistics market. Furthermore, the emerging trend of automated branch operation is also positively influencing the market growth. Besides this, the inflating cash circulation levels and the increasing number of ATMs, owing to the expanding global population, are acting as significant growth-inducing factors.

Apart from this, the development of banking facilities in remote areas and the escalating integration of advanced technologies in these services, including Business Intelligence (BI), cloud computing, Internet of Things (IoT), etc., are anticipated to stimulate the cash logistics market over the forecasted period.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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Competitive Landscape with Key Players:

Cash Logistik

CMS

G4S

GardaWorld

MPS

Prosegur

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