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Report Overview
The global cash in transit services market was valued at USD 7906.60 Million in 2025. The market is expected to grow at a CAGR of 5.20% during the forecast period of 2026-2035 to reach a value of USD 13126.45 Million by 2035. Rising outsourcing of vault management and cash collection by e-commerce retailers is adding consistent demand for full-suite CIT providers globally.
The market is undergoing structural transformation, fueled largely by the resilience of cash usage in several geographies despite the ongoing digital wave. According to the cash in transit services market analysis, in 2024, cash represented 52% of global point-of-sale transaction value, and in regions like Latin America and the Middle East & Africa, cash dependency stood remarkably high at 31% and 43% respectively. This reliance sustains a steady flow of demand for secure currency transportation, especially between banks, retail hubs, and institutional vaults. A major driving factor behind the momentum is financial inclusion. India, for example, hosts 2,59,146 ATMs as of June 2023, creating opportunities for CIT providers in tier-3 and rural towns.
Innovation is further reshaping the cash in transit services market dynamics. Spain’s Prosegur Cash, for instance, rolled out electric armored fleets that claim annual carbon reduction of 15 tons in March 2025, aligning with sustainability mandates. Meanwhile, tech-enabled firms like Forware are embedding biometric-based route monitoring into CIT operations, which minimizes human error while aligning with security compliance.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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Cash-in-transit (CIT) service facilitate the outsourcing of non-core banking services by offering secure and efficient cash handling. These services generally include ICT services and cloud services. In 2024, around 70% companies in Europe regularly deposited cash in their payment accounts, aiding the demand for cash in transit services.
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In 2024, cash remained a vital payment tool globally, accounting for 16% of the global transactions and USD 6 trillion in value. As a result, there is a demand for cash in transit service for efficient cash processing.
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Cash remains a popular payment method in Europe due to its easy accessibility. Cash was the most accepted means of payment across euro area companies, with 88% accepting cash payments, closely followed by payment cards (85%) in 2024.
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In 2024, in the USA retail sector, 85% of retail market is organised and 67% of the organised retailers use some form of cash management solutions which in turn supports the demand for cash in transit service.
Competitive Landscape
The global market is competitive. It can be characterized by a blend of global security giants, regional providers, and specialized fintech-logistics players. Cash in transit services companies are shifting focus toward bundled solutions that combine transport, vaulting, ATM management, and workflow automation. Fleet electrification, IoT-enabled route optimization, and AI surveillance are emerging as differentiators, reflecting rising client expectations for both sustainability and risk reduction. In Europe, tax credits for green fleet adoption are spurring investments, while in Asia, government-driven financial inclusion programs are opening new outsourcing contracts.
Partnerships between fintech firms and logistics players are adding value by automating cash management, particularly in markets with limited IT infrastructure. With increasing compliance obligations and security standards, cash in transit services market players who integrate technology into scalable models while maintaining geographic flexibility are positioned to lead the market over the coming years.
Key Players
The Brink's Company
The Brink's Company, established in 1859 and headquartered in the United States, is a global security leader providing armored transport, secure logistics, and cash management solutions. Brink's is innovating with smart-vault technology and armored electric vehicle pilots that reduce emissions and offer encrypted telematics for route integrity.
Allied Universal
Allied Universal, founded in 2016 through merger and headquartered in United States, is a leading integrated security and cash logistics provider. It offers armored transport, cash processing, and technology-enabled monitoring tailored for retail chains and corporate campuses. Allied is piloting modular mobile vault units and AI-driven threat detection for convoys, improving response times and predictive routing.
Loomis AB
Loomis AB, established in 1852 and headquartered in Stockholm, Sweden, is a specialist in cash handling and valuables logistics. It provides cash-in-transit, automated teller machine services, and innovative front-office solutions like SafePoint cash recyclers and Loomis Pay.
GardaWorld Corporation
GardaWorld Corporation, founded in 1995 and headquartered in Montreal, Canada, is a global integrated security and cash logistics provider serving financial institutions and corporates. The company is advancing with mobile vault concepts, connected smart-safes that enable instant digital reconciliation, and retrofit armored vehicle telematics for live risk scoring.
Other key players in the market are Prosegur Group, Linfox Armaguard Pty Ltd., and Radiant Cash Management Services Limited, among others.
Cash in Transit Services Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the cash in transit services market reached an approximate value of USD 7906.60 Million.
The market is projected to grow at a CAGR of 5.20% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 13126.45 Million by 2035.
Diversifying services, investing in telematics and green fleets, partnering with fintechs, automating reconciliation, upskilling staff, and negotiating longer SLAs are strengthening resilience and optimizing route economics for sustained competitive advantage.
The strict regulations for cash movement from one location to another by banks and rising crime rates are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading end uses for the market are Central Banks, Commercial Banks, and Non Banking Financial Institutions, among others.
The key players in the market include The Brink's Company, Allied Universal, Loomis AB, GardaWorld Corporation, Prosegur Group, Linfox Armaguard Pty Ltd., and Radiant Cash Management Services Limited, among others.
The market is projected to grow at a CAGR of 5.20% between 2026 and 2035.
Rising operational costs, armed robberies, regulatory compliance variability, driver shortages, and integrating legacy systems with new tech are constraining margins and service reliability for CIT firms globally and insurance premiums.
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