Portland, OR -- (SBWIRE) -- 08/16/2017 -- Cash logistics involves physical transportation of cash from one location to another. Cash logistics services comprise of secure cash services, bank ATM services, armored cash transportation, management services, and transportation of valuables. The whole procedure involves physical movements of banknotes, coins, credit cards, and items of value from one location to another. The locations include bulk cash junctions, bank branches, ATM vestibules, large retailers, ticket vending machines, and parking meters.
The cash logistics market gains popularity due the fact that the risks in the BFSI sector are substantial. Such providers perform a critical function in the banking industry, which involves physical movement of large amounts of cash between bank branches, or to ensure that bank ATMs do not get devoid of cash. There is a huge demand for safety vaults and locks from the BFSI sector for the storage of cash, assets, and other items of importance. To protect vaults from being robbed by thieves, they are fitted with an array of alarms and anti-theft devices. These vaults have doors, panels, and locks, which possess characteristics such as low maintenance, emergency ventilators, and integrated light switches. All these factors, along with increase in disposable money with the consumers drive the market growth.
The cash logistics market is segmented based on product, end user, and geography. On the basis of product, the market is classified into cash-in-transit, cash management, ATM services, and others. Based on end-user, it is bifurcated into enterprise, individual, government, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Prominent players operating in this market include Brink's Incorporated. G4S plc, GardaWorld, Loomis, Prosegur, Cash Logistik Security AG, CMS Info Systems Ltd, Global Security Logistics Co., General Secure Logistics Services, and Lemuir Secure Logistics.
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Cash Logistics Market Key Segmentation:
- Cash Management
- ATM Services
By End User