Global Cash Logistics Market 2018-2022 | Growth Analysis and Forecast | Technavio
LONDON--(BUSINESS WIRE)--Oct 2, 2018--Technavio’s research report forecasts the market to grow at a CAGR of around 10% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global cash logistics market for the period 2018-2022. (Graphic: Business Wire)
To expand their business operations in the competitive market, the cash logistics vendors are adopting several growth strategies. The vendors are also exploring new end-user segments as a part of expanding their business operations. For instance, Loomis acquired Intermarketing Oy in 2017. This will help Loomis adopt Intermarketing’s solutions to provide the customers with cash recycling solutions in the bank and retail sectors. The adoption of such growth strategies by cash logistics service providers will be one of the major trends in the global cash logistics market during 2018-2022.
According to Technavio analysts, one of the key drivers for the global cash logistics market is the growing global banknote market:
Global cash logistics market: Growing global banknote market
The global banknote market is anticipated to grow at a CAGR of about 3.8% during the forecast period. A major factor contributing to this growth is the growing GDP. Hard cash payments still occupy a major share of the market even though digital payments have been increasing globally. Hard cash payment contributed to around 80% of the global transactions in 2017 as most retail payments, especially in developing countries are via hard cash.
According to a senior research analyst at Technavio, “The need for cash logistics players at different points in the cash supply, for instance, from cash printers to central banks and from central banks to retail banks is expected to increase owing to the growing global banknote market. Additionally, the circulation of high-denomination currency notes in a country can also trigger the need for cash logistics players as the government can annul and replace such currency notes with new notes.”
Global cash logistics market: Segmentation analysis
This global cash logistics market analysis report provides market segmentation by service (cash-in-transit, cash management, and ATM service) and by region (the Americas, APAC, and EMEA). This cash logistics market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
EMEA held the largest share of the market in 2017, accounting for close to 50% share. It was followed by the Americas and APAC respectively. EMEA is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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