According to the research report titled ‘Global Cash Logistics Market (2021 Edition) - Analysis By Service Type (RCM, DCV, ATM Cash Management), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026),’ available with MarketStudyReport, global cash logistics market was valued at USD 18.67 billion in the year 2020 and is slated to accrue notable gains during 2021-2026.

Elevated per capita disposable income of the people leading to mass adoption of ATM cash management system, increase in the proportion of ATMs, and heavy demand for safety systems like vaults & safes are driving the expansion of global cash logistics market.

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Moreover, the robust use of electronic devices and massive technological advancements in the field are further accelerating industry development.

Besides this, a large concentration of original equipment manufacturers (OEMs) and original design manufacturers (ODMs) across sectors, and growing prevalence of cash logistics in retail cash management are likely to generate profitable prospects for firms in this domain in the coming years.

In terms of service type, the ATM cash management vertical of worldwide cash logistics industry is estimated to grow at a significant rate during the analysis period, due to the rising density of cash logistics companies.

Based on end-user spectrum, the financial institution segment is predicted to garner a substantial market share during the projected timeframe, given the elevated demand for security and comfort of customers.

Concerning the regional landscape, Americas industry is slated to hold a considerable earning share during the assessment timeframe. Meanwhile, Asia Pacific market is anticipated to display a strong growth rate during 2021-2026, owing to the surge in urban population as well as rise in the disposable income of the people, coupled with emphasis on improved, better-quality, and easy cash transferring technology.

The key players in global cash logistics market are Dunbar Services, G4S PLC, MPS Security, GardaWorld Corporation, Allied Universal, Loomis Schweiz AG, Securitas AB, Prosegur Compañía de Seguridad S.A, Brink's Company, and SIS Ltd. among others.