Cash Logistics Market: Global Industry Analysis and Forecast (2024-2030)

  • The Cash Logistics Market size was valued at USD 27.23 Bn. in 2023 and the total Cash Logistics Market revenue is expected to grow at a CAGR of 8% from 2024 to 2030, reaching nearly USD 46.79 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1797

Cash Logistics Market Overview

Cash logistics is the term used to describe the management and movement of cash from one place to another. Its main purpose is to protect the money by avoiding theft or loss during storage or transfer. Cash logistics includes ATM services, cash-in-transit, cash management, cash processing, currency management, on-site and off-site cashiers, and other services. Also the ongoing installation of ATMs across the world and the rising need for safe and secure cash management growing the cash logistics market. The growing demand for cash logistics in enterprise, individual, government, and other applications globally is responsible for the market's growth.


The cash logistics market is profitable at the national level, the research offers accurate cost, and segment, trend, region, and commercial development information for the leading global players over the projected period are also included in the report. The Cash Logistics Market report is a compilation of data about a market within several sectors, Including product pricing, product or service penetration at the national and regional levels, market dynamics of the end application industries, major players, and the political, social, and economic environments of the various countries.

Cash Logistics Market


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Cash Logistics Market Dynamics:

The growing number of financial companies to outsource cash management services is the main factor driving the significant growth of the global cash logistics market. The market's growth is now significantly influenced by this trend of outsourcing. The demand for outside cash management and security services has been significantly driven by the growth in ATM availability. The population of people around the world increased the need for cash, which has driven banks and other financial institutions to outsource cash logistics services more quickly.


Cash handling times have decreased as a result of outsourcing cash management and security. In addition, people who trust external cash logistics providers with their cash are guaranteed substantial refunds in the instance of fraud, misplacement, loss, or other mishaps, which serves to further encourage the trend of outsourcing by financial institutions.


  • Technology Advancements: Devices such as smart safes, cash recycling systems, and GPS-enabled tracking devices are examples of technology developments that increase the efficiency and security of cash logistics operations and drives market growth.
  • Risk management concerns: Because of increasing concerns about criminal activity, theft, and other security risks associated with cash movement, businesses are forced to depend on specialized cash logistics suppliers. There is now a need for these services as a result.
  • Growing Use of Cash in Developing Countries: As cash is still often used in such nations as the primary method of payment, the necessity for cash logistics services to handle and manage currency safely is growing.

Cash Logistics Market1

Market difficulties for Cash Logistics because of high-cost infrastructure, Expanding Digital Payment Usage, and Technological Progress.

High-cost infrastructure: Creating and keeping safe cash transportation and storage facilities tends to be expensive, which harms profitability and impedes the expansion of the market. The infrastructure required for transporting and storing cash is expensive by nature since it has to conform to stringent security regulations to protect huge quantities of cash while in transit and storage. To decrease the chance of theft or loss, costs include protected vehicles, trained security guards, safe vaults, and surveillance systems. The costs of maintenance are high and include vehicle maintenance, site security upgrades, and ongoing training for security staff to keep them informed about emerging issues.


  • Growing Use of Digital Payments: People are using less cash as digital payment options like contactless transactions, online banking, and mobile wallets proliferate. This is eventually reduce the need for cash logistics services.
  • Technological Progress: The traditional cash logistics industry faces danger from the rapidly advancing digital payment technology and the growing popularity of cashless transactions, which result in a decrease in revenue.


Growing ATM demand in developing countries is expected to create new growth opportunities for the cash logistics industry during the projected period. Growing cash transactions in several emerging nations globally are expected to propel significant expansion in the ATM market. Growing cash withdrawals have led to an increase in ATM installations in several emerging markets. Therefore, probably increases the need for safe logistics, opening up new market opportunities internationally. Also, during the forecast period, it is expected that the growing need for cash in developing nations plans to develop business possibilities in the global cash logistics market.


Globally, cash payment is the most chosen mode of payment. ATM withdrawals continue to grow globally, especially in several developing nations. The rural regions of Asia Pacific have higher money circulation percentages. As a result, during the forecast period, that feature is expected to create business possibilities in the around-the-world cash logistics market.


Cash Logistics Market Segment Analysis:

Based on Service, the global revenue is generated on Cash-in-Transit (CIT) the primary category and market, Cash-in-Transit (CIT), accounts for over 38.0% of revenue in 2023. Its popularity is given to several significant factors, such as reduced cash transit costs for deliveries and pickups, enhanced cash flow security, and real-time reporting capabilities that allow for remote cash monitoring. One major trend that has significantly accelerated their expansion is that CIT enterprises are outsourcing an increasing amount of their transport-related tasks. The number of providers providing logistical services with varying quality levels is continually growing in the CIT market, despite the industry's expected development. This tendency is a reflection of the growing competitiveness in the industry and the demand for a variety of service options.

Cash Logistics Market2

The fastest-growing sector is cash management as a result of businesses growing understanding of the importance of effective liquidity management. These services, which are provided to banks, shops, and financial institutions, mainly concern the safe handling and movement of costly goods and money. For them to support their daily operations, company suppliers and merchants have a significant demand for currency, which makes managing cash handling effectively essential. As a result, the installation of ATMs and deposit machines speeds up the cash management process overall by reducing lead times for providers and banks equally.


Cash Logistics Market Regional Insight:

Asia-Pacific has been the largest region in the cash logistics market in 2023 because customers preferred utilizing cash for regular expenses like food, gas, and groceries, and others. The Asia-Pacific market is booming and is expected to grow constantly in the forecast period. A growing need for cash logistics solutions is being created by the region's expansion and the growing availability of banking facilities in nations like China, Japan, and India. The increased use of cash, the increase in ATM installations, and customers increasing ability to spend are all expected to fuel the market's expansion.


Particularly in the Indian markets, there are going to be many chances to keep a steady cash flow through mergers and acquisitions within a centralized banking system. As well as growing purchasing power also CMS Info Systems, Ltd. and Security and Intelligence Services Ltd. are significant players in the Asia-Pacific industry. Through the implementation of tactical measures such as alliances, mergers and acquisitions and the launch of new products such businesses facilitate the growth of the market.


  • India is seeing a growth in demand for cash logistics services because of the country's quickly expanding e-commerce sector. Effective cash management and logistics solutions are growing increasingly essential as companies try beyond standard ATM services to meet the demands of e-commerce firms. Also, advances in technology are significantly contributing to India's efforts to streamline cash logistics.


China there is a significant need for cash logistics services because of the country's booming e-commerce industry. Effective logistics solutions are necessary to manage the flow of cash because there are an increasing number of completely integrated cash management solutions available and the need for cash is rising. Also, businesses are becoming more empowered to improve their cash management procedures as a result of the implementation of innovative cash management technologies.

Cash Logistics Market3

Cash Logistics Market Competitive Landscape:

The global cash logistics market is very competitive. Companies are actively implementing a range of techniques to increase their revenue share, such as creating new product formulations, forming alliances and distribution contracts, and growing their market share in multiple regions. These businesses are dedicated to constant innovation to differentiate themselves from the competition and customize their offerings to meet the unique needs of prospective clients. Companies are working hard to bring new and improved services to market, and part of that work includes significant research and development investments.


  • Madrid, July 12, 2023 - Prosegur and Prosegur Cash maintained their ranks in the S&P Global Ratings ESG Evaluation, indicating their commitment to managing opportunities and risks related to environmental, social, and governance issues. The S&P Global Ratings assessment looks at a company's strategy as well as its ability to handle potential risks and growth opportunities.


  • The BDGW Federal Association of German Money and Cash Services, the ATM Working Group, and Cash Logistics Security AG released a joint impulse paper on February 12, 2024, to guarantee the availability of cash and flexibility for customers while making payments.


  • February 19, 2024, United Arab Emirates / Dubai Transguard Group, a business solutions provider are announce that it and Zand Bank, the first digital bank in the United Arab Emirates, have signed a Memorandum of Understanding. Transguard Cash is expressing its interest in investigating, through strategic partners, the extension of its already extensive array of services to include Digital Asset Custody Services and Digital Asset Collection Solutions under the terms of this agreement, which is pending regulatory approval.


  • 8 November 2023 Sesami is the only true end-to-end global cash ecosystem solution, offering software, intelligent devices, and managed services that help financial institutions and consumer businesses optimize their cash ecosystem performance. As the industry leader and disruptor, Sesami modernizes the essential role of cash in the global economy and ensures financial inclusion for all

Cash Logistics Market Scope

Market Size in 2023

USD 27.23 Bn.

Market Size in 2030

USD 46.79 Bn.

CAGR (2024-2030)

8 %

Historic Data


Base Year


Forecast Period



By Service        


Cash Management

ATM Services

By End-User

Financial Institutions


Government Agencies



By Mode of Transit




Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America


Key Player in the Cash Logistics Market

North America:

  1. Brink’s Incorporated - United States
  2. GardaWorld Security Corp. - Canada
  3. Titan Armored Inc. - United States
  4. Writer Business Services Pvt. Ltd. - United States


  1. G4S PLC - United Kingdom
  2. Cash Logistics Security AG - Switzerland
  3. Global Security Logistics Co. - United Kingdom
  4. AXIOM Armored - Germany
  5. GSLS - United Kingdom
  6. ZIEMANN SECURITY Holding GmbH – Germany
  7. Prosegur Cash S.A. - Spain
  8. TRABLISA - Spain
  9. Seguridad Seguros – Spain
  10. Loomis AB - Sweden


  1. CMS Info Systems Ltd. - India
  2. Knightguard Protection Services Pty Ltd. - Australia
  3. Radiant Cash Management Services - India
  4. SecureCash - Australia
  5. SIS Ltd. - India
  6. Transguard Group LLC - United Arab Emirates
  7. - Singapore

Frequently Asked Questions

The forecast period of the market is 2024 to 2030.

1.    Cash Logistics Market: Research Methodology 
2.    Cash Logistics Market: Executive Summary
3.    Cash Logistics Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
4.6. Import and export of Cash Logistics Market 
5.    Cash Logistics Market : Dynamics
5.1. Market Driver 
5.1.1.    Increasing Consumer Awareness
5.1.2.    Innovation in Product Offerings

5.2. Market Trends by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Drivers by Region
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

5.4. Market Restraints
5.5. Market Opportunities
5.6. Market Challenges
5.7. PORTER’s Five Forces Analysis
5.8. PESTLE Analysis
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Cash Logistics Market Size and Forecast by Segments (by value Units)
6.1. Cash Logistics Market Size and Forecast, by Service (2023-2030)
6.1.1.    Cash-In-Transit
6.1.2.    Cash Management
6.1.3.    ATM Services

6.2. Cash Logistics Market Size and Forecast, by End-User  (2023-2030)
6.2.1.    Financial Institutions
6.2.2.    Retailers
6.2.3.    Government Agencies
6.2.4.    Hospitality
6.2.5.    Others

6.3. Cash Logistics Market Size and Forecast, by Mode of Transit (2023-2030)
6.3.1.    Roadways
6.3.2.    Railways
6.3.3.    Airways

6.4. Cash Logistics Market Size and Forecast, by Region (2023-2030)
6.4.1.    North America
6.4.2.    Europe
6.4.3.    Asia Pacific
6.4.4.    Middle East and Africa
6.4.5.    South America

7.    North America Cash Logistics Market Size and Forecast (by value Units)
7.1. North America Cash Logistics Market Size and Forecast, by Service (2023-2030)
7.1.1.    Cash-In-Transit
7.1.2.    Cash Management
7.1.3.    ATM Services

7.2. North America Cash Logistics Market Size and Forecast, by End-User  (2023-2030)
7.2.1.    Financial Institutions
7.2.2.    Retailers
7.2.3.    Government Agencies
7.2.4.    Hospitality
7.2.5.    Others

7.3. North America Cash Logistics Market Size and Forecast, by Mode of Transit (2023-2030)
7.3.1.    Roadways
7.3.2.    Railways
7.3.3.    Airways

7.4. North America Cash Logistics Market Size and Forecast, by Country (2023-2030)
7.4.1.    United States
7.4.2.    Canada
7.4.3.    Mexico

8.    Europe Cash Logistics Market Size and Forecast (by Value Units)
8.1. Europe Cash Logistics Market Size and Forecast, by Service (2023-2030)
8.1.1.    Cash-In-Transit
8.1.2.    Cash Management
8.1.3.    ATM Services

8.2. Europe Cash Logistics Market Size and Forecast, by End-User  (2023-2030)
8.2.1.    Financial Institutions
8.2.2.    Retailers
8.2.3.    Government Agencies
8.2.4.    Hospitality
8.2.5.    Others

8.3. Europe Cash Logistics Market Size and Forecast, by Mode of Transit (2023-2030)
8.3.1.    Roadways
8.3.2.    Railways
8.3.3.    Airways

8.4. Europe Cash Logistics Market Size and Forecast, by Country (2023-2030)
8.4.1.    UK
8.4.2.    France
8.4.3.    Germany
8.4.4.    Italy
8.4.5.    Spain
8.4.6.    Sweden
8.4.7.    Austria
8.4.8.    Rest of Europe

9.    Asia Pacific Cash Logistics Market Size and Forecast (by Value Units)
9.1. Asia Pacific Cash Logistics Market Size and Forecast, by Service (2023-2030)
9.1.1.    Cash-In-Transit
9.1.2.    Cash Management
9.1.3.    ATM Services

9.2. Asia Pacific Cash Logistics Market Size and Forecast, by End-User  (2023-2030)
9.2.1.    Financial Institutions
9.2.2.    Retailers
9.2.3.    Government Agencies
9.2.4.    Hospitality
9.2.5.    Others

9.3. Asia Pacific Cash Logistics Market Size and Forecast, by Mode of Transit (2023-2030)
9.3.1.    Roadways
9.3.2.    Railways
9.3.3.    Airways

9.4. Asia Pacific Cash Logistics Market Size and Forecast, by Country (2023-2030)
9.4.1.    China
9.4.2.    S Korea
9.4.3.    Japan
9.4.4.    India
9.4.5.    Australia
9.4.6.    ASEAN
9.4.7.    Rest of Asia Pacific

10.    Middle East and Africa Cash Logistics Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Cash Logistics Market Size and Forecast, by Service (2023-2030)
10.1.1.    Cash-In-Transit
10.1.2.    Cash Management
10.1.3.    ATM Services

10.2. Middle East and Africa Cash Logistics Market Size and Forecast, by End-User  (2023-2030)
10.2.1.    Financial Institutions
10.2.2.    Retailers
10.2.3.    Government Agencies
10.2.4.    Hospitality
10.2.5.    Others

10.3. Middle East and Africa Cash Logistics Market Size and Forecast, by Mode of Transit (2023-2030)
10.3.1.    Roadways
10.3.2.    Railways
10.3.3.    Airways

10.4. Middle East and Africa Cash Logistics Market Size and Forecast, by Country (2023-2030)
10.4.1.    South Africa
10.4.2.    GCC
10.4.3.    Rest of ME&A

11.    South America Cash Logistics Market Size and Forecast (by Value Units)
11.1. South America Cash Logistics Market Size and Forecast, by Service  (2023-2030)
11.1.1.    Cash-In-Transit
11.1.2.    Cash Management
11.1.3.    ATM Services

11.2. South America Cash Logistics Market Size and Forecast, by End-User  (2023-2030)
11.2.1.    Financial Institutions
11.2.2.    Retailers
11.2.3.    Government Agencies
11.2.4.    Hospitality
11.2.5.    Others

11.3. South America Cash Logistics Market Size and Forecast, by Mode of Transit (2023-2030)
11.3.1.    Roadways
11.3.2.    Railways
11.3.3.    Airways

11.4. South America Cash Logistics Market Size and Forecast, by Country (2023-2030)
11.4.1.    Brazil
11.4.2.    Argentina
11.4.3.    Rest of South America

12.    Company Profile: Key players
12.1.  Brink’s Incorporated 
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. GardaWorld Security Corp. 
12.3. Titan Armored Inc. 
12.4. Writer Business Services Pvt. Ltd
12.5. G4S PLC 
12.6. Cash Logistics Security AG 
12.7. Global Security Logistics Co. 
12.8. AXIOM Armored 
12.9. GSLS 
12.10. ZIEMANN SECURITY Holding GmbH 
12.11. Prosegur Cash S.A
12.12. TRABLISA 
12.13. Seguridad Seguros 
12.14. Loomis AB 
12.15. CMS Info Systems Ltd. 
12.16. Knightguard Protection Services Pty Ltd. 
12.17. Radiant Cash Management Services
12.18. SecureCash 
12.19. SIS Ltd. 
12.20. Transguard Group LLC 
13.    Key Findings
14.    Industry Recommendation

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