The market is driven by increased outsourcing by banks and retailers in emerging markets and introduction of high value technology driven services in the developed markets.
The rise in costs associated with traditional cash logistics services is expected to drive global companies thus, investing in restructuring and efficiency improvement exercises to improve profitability.
Consolidation in the market is expected to rise in emerging as well as developing markets due to need for achieving economies of scale. Companies are expected to consolidate in existing markets and enter into strategic tie ups to enter new markets.
Saturation in traditional cash logistics market will drive innovation and service offering for retail cash solutions for banks and retailers. Share of overall revenue from installation, servicing and operating automated cash machines will increase in the overall revenue for companies.
The reduction in bank branches and ATMs in many developed markets is expected to give birth to the growing need for branchless banking solutions, outsourcing of bank branch services to a single point, which is further expected to give rise to new generation of machines.
Changing Sales Mix: The sales volume is expected to flatten for conventional cash logistics services in developed markets, as outsourcing is expected to saturate. Technology enabled solutions will provide cost savings. While historically, bank outsourcing, CIT and ATM services dominated in the sales mix for cash logistics companies, bank automation services and retail cash solutions constituted a minor share. Share of bank and retail automation is expected to rise in future.
Independent ATM Deployers: Financial inclusion is a trend that is expected to drive various government initiatives including access to ATMs and cash. As banks find it difficult to service and manage ATMs in remote rural locations, Independent ATM Deployers are well positioned to increase their footprint. Increase in ATMs from IADs in the future is expected to provide ample opportunities for companies to provide traditional cash handling services. IADs can also be expected increase their service offering by entering into the cash logistics services, such as Cardtronics, which started CIT services for self-owned as well as other bank owned ATMs in the United Kingdom. Change in the Cash Cycle Operations: The operation of a cash cycle requires the involvement of Central Banks, Commercial banks, CIT companies, ATMs and Retailers. The degree of involvement of central banks varies from region to region. As handling cash requires high security and vigilance, improvements in technology and security services will help cash logistics companies have greater involvement in cash transportation and reduce the involvement of Central Banks to just currency issuing.
Common ATM Utility Provider: New models of bank cash management can be expected to take shape, such as in Australia. Few major banks in the region have suggested appointing a common ATM utility provider who can handle operations and management of their fleet of ATMs. The benefit of this appointment can drive optimal cash cycle processes, coverage, and services in order to reduce cost. This means facilitating circulation of cash in the market (on the consumer and retailer level) as much as possible, avoiding unnecessary (and costly) transports of cash to banks, ATMs, or cash centers.
Analyst at Ken Research in their latest publication “Global Cash Logistics Market Outlook to 2023 – By Region (North America, APAC, Europe, and Latin America Middle East and Africa) and Service (Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Services – Cash Processing, Counting, Sorting, Packing and Transportation of Valuables & Bullion)” believe growth investments in technology based services such as automated cash machines and electronic payment processing, consolidation in developed and tie-ups in emerging markets, the need to diversify products and services away from banks and financial institutions towards other end users, and for companies to leverage their expertise to handle the next wave out cash outsourcing and bank automation will provide high value solutions will drive the growth in terms of revenue at a forecasted CAGR of nearly 9.0% for the period 2019-2023.
Key Segments Covered
By Region
North America
Europe
APAC
Latin America, Middle East and Africa
By Service
Cash in Transit
Cash Replenishment
Retail Cash Management
Other Cash Services – Cash Processing, Counting, Sorting, Packaging,
By Countries Covered
United States of America
Brazil
France
United Kingdom
Germany
India
Australia
Indonesia
Spain
Saudi Arabia
Key Target Audience
Existing Cash Logistics Companies
Investors and Venture Capital Firms
Technology Based Startups
Banking and Financial Institutions
Government Entities
ATM Managed Services Companies
ATM Supply Companies
Retail Stores
Time Period Captured in the Report:
Historical Period: 2013 -2018
Forecast Period: 2019-2023
Companies Covered:
Global
Brink’s
Loomis
Prosegur
G4S
France
Temis
Germany
Ziemann
Kotter
Spain
Trablisa
Australia
Armaguard
United States
Dunbar
Brazil
Rodoban
Protégé
TB Forte
India
CMS Infosystem
Writer Safeguard
Securevalue
Logicash
Radiant Cash
Saudi Arabia
ABANA
Al Hamrani
Indonesia
ABACUS
SSI
Kejar
Advantage
APSG
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:
Related Reports
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
