Global Cash Logistics Market Future Outlook: Ken Research

by Rati Ram Business Developer

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:

Global Cash Logistics Market

Related Reports

UAE ATM Managed Services Market Outlook to 2024 – By Off-Site and On-Site ATMs and By Type of Service (Cash Management Services, ATM Maintenance Services and ATM Supply)

Indonesia ATM Managed Service Market Outlook to 2023 - By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance & Others- Journal Management & ATM Reconciliation), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others - Cash Processing, Cash Vaulting & Cash Forecasting).

Saudi Arabia ATM Managed Service Market Outlook to 2023 - By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others - Cash Processing, Cash Vaulting, Cash Reconciliation & Cash Forecasting)

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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Created on Mar 5th 2020 23:23. Viewed 452 times.

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