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, 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.
The first wave of outsourcing was driven by Banks’ need to
concentrate on core banking services, reduce costs and commercial footprint.
The steady rise in cash in circulation and overnight deposits drove demand for
cash transportation services and ATM replenishment.
Growth in Number of ATMs: While emerging markets
witnessed an increase in number of ATMs deployed by banks as part of their
vision financial inclusion, developed markets witnessed increase in number of independent
ATM Deployers or White Label ATMs. More than half of all ATMs in United States
are non-bank owned ATMs. These ATMs are usually in far off rural regions, due
to which cash logistics companies received better pricing for their services.
The trend of White Label ATMs was also observed to grow in Australia, where
Westpac Bank sold off a portion of its ATM fleet to ATM Managed Services
companies.
Growth within the APAC
Region: The
region was observed with highest number of ATMs and large proportion of
unbanked population therefore, further driving ATM deployment. Regions such as
Oceania (Australia and New Zealand) have more than 80.0% outsourcing of ATMs
for the year 2017. China was leading in terms of ATM deployments with more than
1 Million ATMs during 2013-2018. Countries such as India and Indonesia are
large fragmented markets where many companies operate profitably due to low
labor costs and low incidences of cash van robberies thus, generating low
insurance costs. White Label ATMs operating in India provided opportunities for
cash logistics companies to handle their cash transportation requirements.
Growth in Security Services:
Most global
companies operating in cash logistics market are also operating in the security
services market. The innovation in their security services portfolio worked to
complement the growth in cash operations, improve profitability with real time
monitoring of cash vans and up-gradation of cash vans to specialized armored
vehicles. The rise in technology based solutions drove the sales of cash
machines for retailers, banks and other cash using end users. Loomis, for
instance, signed a USD 48.0 Million contract with a major retailer in United
States for installation of 1000 Safe Point devices by the year ending 2023.
Consolidation in Developed
Markets: Companies
operating on a global basis were observed to acquire local players in order to
improve their market share and thus significantly achieve economies of scale.
Mostly, the top 4 companies globally are leading consolidation trend by acquiring
smaller regional companies. Acquisitions were also made for companies involved
in technology based services such as payments service providers, cloud based
solutions, Inter of Things, POS solution providers among others, to reach a
greater number of end user such as retailers, industrial facilities and government
entities.
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
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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