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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 Company (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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The major key players in the global cash in transit services market include Brink's, Incorporated, G4S Plc, Loomis Armored US, LLC, GardaWorld Corporation, Prosegur Cash, and 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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