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(USGovernment-News.Com, March 22, 2018 ) Global Cash Logistics Market (By Segment, By Region): Trends, Opportunities and Forecasts (2016-2021) (By Segment – Cash in Transit, Cash management; By Region – North America, Europe, APAC, ROW; Market Entry Strategies; Company Analysis; Strategic Recommendations)
Report Summary
Other prominent vendors in the market include Cash Logistik Security, CMS Infosystems, Global Security Logistics, General Secure Logistics Services, Lemuir Secure Logistics, Maltacourt Global Logistics, Paragon Security, Securitrans India, Securitas, Security and Intelligence Services, Toll, and Writer Safeguard.
In the forecast period, Asia pacific region is likely to provide maximum opportunity for players to bank upon as the market is expected to witness high growth rate in the period 2016-2021. The global market witnessed a CAGR of 8.30% during 2011-2015 which is likely to reduce in the forecast period.
As per the research report Global Cash Logistics Market (By Segment, By Region): Trends, Opportunities and Forecasts (2016-2021) (By Segment – Cash in Transit, Cash management; By Region North America, Europe, APAC, ROW; Market Entry Strategies; Company Analysis; Strategic Recommendations)ť published recently by Publisher, the market is dominated by top 5 global players like Brinks, Prosegur, Loomis, G4S and Garda World.
The banking sector is experiencing a strong demand for safety vaults and locks for storing and maintaining cash and other valuable items to protect them from burglar attacks. These vaults are fitted with doors, panels, and locks, which possess characteristics such as low maintenance, emergency ventilators, and integrated light switches with electrical boxes and ventilators. The increase in disposable income will result in the increasing demand for safety systems, which, in turn, will fuel the market’s growth. Additionally, the introduction of advanced digital electronic safes with extra protection, non-volatile memory, low battery indicators, and password protected locks and digital locking mechanisms will further drive the market’s growth.
One of the major trends that will gain traction in this market in the coming years is the growing demand for ATMs. It has been observed that the number of ATMs across the globe reached more than 3 million in 2015 and the number of cash withdrawals from ATMs will reach almost 8 billion each year. With the banks and financial institutions continuously focusing on reducing the operational risks associated with cash logistics, financial institutions will start outsourcing the cash management operations associated with ATMs to third-party secure logistics firms, which will in turn, fuel the demand for cash logistics in the coming years.
The present report fulfills the objective of the research which is to present the insights into the cash logistics market, analysis of market data and the historical growth (2011-2015) of the global cash logistics market by various segments (Cash in transit and Cash management). The growth and development of the market and its trends have been figured out through secondary research (associations, annual reports, magazines, journals) and by various paid databases. Primary research was conducted and industry experts were interviewed extensively for ensuring the accuracy in the analysis and insights.
Report Scope
The report provides Segmentation of Cash Logistics services
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