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Cash Logistics Market: APAC to Occupy 35% Market Share|Driven by the Growing Preference for Outsourcing Cash Management Services by Financial Institutions | TechnavioNEW YORK, June 27, 2022 /PRNewswire/ -- The cash logistics market size is set to grow by USD 15.84 billion from 2020 to 2025, progressing at a CAGR of 10% according to the market forecast report by Technavio. 35% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for cash logistics in APAC. Market growth in this region will be slower than the growth of the market in other regions. The expansion of banking facilities in remote locations and the rise in the flow of cash circulation due to high cash demand in this region will facilitate the cash logistics market growth in APAC over the forecast period.
For more highlights on the regional segment - Request a sample report. Cash Logistics Market 2021-2025: Scope Our cash logistics market report covers the following areas: Cash Logistics Market 2021-2025: Vendor Analysis The cash logistics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. G4S Plc, GardaWorld Security Corp., GSLS, Global Security Logistics Co, Loomis AB, Prosegur Cash SA, Cash Logistik Security AG, CMS Info Systems Pvt. Ltd., and Security and Intelligence Services (India) Ltd. are some of the major market participants. Cash Logistics Market 2021-2025: Market Dynamics Drivers: The growing preference for outsourcing cash management services by financial institutions is one of the major factors contributing to the growth of the cash logistics market. The rise in the number of ATMs has led to the outsourcing of cash management and security. With the increasing global population, there is a rise in the demand for cash. This has boosted the growth of cash logistics services being outsourced by banks and financial institutions. Outsourcing of cash management security and services has reduced cash-in-transit time. Once the cash is handed over to the third-party cash logistics company, any mishap, including loss, misplacement, theft, and others leads to the payment of heavy compensation to the client. Such factors will support the market growth in the coming years. Trends: The increasing demand for ATMs is key cash logistics market trend that will support the market growth. The frequent withdrawal of cash by retail customers creates the demand for the periodic replenishment of cash. Such activities lead to high costs for banks in terms of the labor cost, hiring teller staff, and the opportunity costs of keeping large amounts of cash in ATMs.Using a cash recycler system is similar to putting a vault between two tellers, but with a superior cash management system. Cash recycling at modern ATMs with a cash recycler thus helps financial Institutions optimize their operations at a lower cost, by eliminating the costs incurred on resources, like a teller and a vault, for managing the cash balance. To know about other drivers & trends along with the market challenges - Grab a sample Cash Logistics Market 2021-2025: Segmentation Analysis
To know about the market contribution - Click Now! Get ready to achieve excellent business outcomes from this exclusive Cash Logistics Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
The competitive scenario provided in the Cash Logistics Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Cash Logistics Market Forecast Report - Buy Now! Related Reports:
Table Of Contents : Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Service
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research
SOURCE Technavio 
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