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, worldwide cash logistics industry was valued at USD 18.67 billion in 2020 and is projected to grow at a significant rate during 2021-2026.

The prime growth drivers of global cash logistics market include the rise in adoption of ATM cash management, and an increase in disposable income in highly inhabited countries like India, Japan, and China. Moreover, increasing number of financial establishments, and rising usage of cash logistics in retail cash management (RCM) will also lead to the growth of the market. 

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Furthermore, the dense presence of OEMs and ODMs across different industrial sectors will also stimulate the industry outlook.

Speaking of the service type segmentation, the market is divided into ATM cash management, retail cash management (RCM), and dedicated cash-in-transit vans (DCV). During the forecast period 2021-2026, ATM cash management segment is estimated to rise at a significant rate, due to growing number of ATMs, surge in demand for vaults and safes, and rise in discretionary income of individuals.

Looking at the end-user scope of worldwide cash logistics industry, which financial institutions, retail, and others, the foremost segment is anticipated to hold a greater revenue share over the analysis timeframe. It will happen due focus among financial institutions for security and comfort of clients, which will boost the demand for cash logistics solutions.

Moving on to regional spectrum, America is poised to be the largest revenue generator in the market by 2026. Meanwhile, Asia Pacific market is reckoned to showcase impressive growth over the forecast period, owing to improved disposable income, increasing urban population, rapid digitalization in multiple countries, and surge in demand for quality improvement by eradicating issues and decreasing variability.

The leading organizations in the global cash logistics marketplace include Allied Universal, SIS Group Enterprise, Brink's Company, Loomis Group, Dunbar Armoured Inc., G4S plc, GardaWorld Corp., Prosegur Compañía de Seguridad S.A., Securitas AB, and MPS Security.