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