Global Cash in Transit Services Market to Grow at a CAGR of 8% in the Forecast Period of 2024-2032

The global cash in transit service market is being driven by the rising crime rates as well as growing ATM installations, especially in the developing nations. A substantial proportion of consumers globally conduct purchases via physical cash payments. Banks, financial institutions, large retailers and governments are the main consumers of cash in transit services.

The high maturity markets for cash in transit services include North America and the Western Europe. The regions with high growth potential include India, China, Eastern Europe, Latin America, South Africa, and New Zealand. The demand in these regions is expected to grow more robustly than the high maturity regions in the coming years.

The market growth is also supported by the M&A activities taking place among the major players in the industry. In May 2018, Brink's Incorporated (NYSE: BCO), one of the key players, announced that it would purchase the rival company Dunbar Armored, Inc., one of the leading companies in the industry in the United States. The acquisition has allowed Brink to expand its profit margins while strengthening their foothold in the United States market.

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Market Analysis by End Use and Regions:

• Based on end use, the market is expected to be segmented into academic institutions, BFSI, hospitals, government organisations, and retail sectors, among others.

• The major regional markets for cash in transit services include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global cash in transit services market is driven by the increasing demand for secure transaction services owing to the rising crimes.

• The cash in transit services is boosted by the rising installations of ATMs, especially in developing nations like the Asia Pacific region.

• The market is also being favoured by certain laws and regulations implemented by governments across the globe, focussed on making cash withdrawals and transaction more accessible to people in remote locations.

• The stringent regulations of the bank authorities on cash movement and transactions are also propelling the market growth.

Key Offerings of the Report:

• The EMR report provides an overview of the global cash in transit services market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the end-uses and regional markets in the cash in transit services industry.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter's Five Forces models.

The major key players in the global cash in transit services market include Brink’s Incorporated, G4S Limited, Gardaworld Corporation, Loomis Armored US, LLC, Linfox Armaguard Pty, Ltd., among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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