Reports

Sale

Cash in Transit Services Market

Global Cash in Transit Services Market Growth, Forecast: By End Use: Academic Institution, BFSI, Hospitals, Government Organizations, Retail, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Cash in Transit Services Market Outlook

The global cash in transit services market reached a value of almost USD 24.69 billion in 2023. The cash in transit services industry is further expected to grow at a CAGR of 8% between 2024 and 2032 to reach a value of almost USD 49.36 billion by 2032.

 

Cash in Transit Services Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The growth in the global market is driven by the increasing ATM installations, strict banking regulations, and increasing crime rates. The primary buyers of cash in transit services constitute banks, financial institutions, large retailers, and governments. The cash in transit services industry growth in developing market is expected to overshadow the growth in the global market, as they are estimated to triple the growth rate, more than the rate in Europe and North America. The market is led by the Asia Pacific region. The cash in transit services industry has the fastest growth in China and India due to the increasing growth of the ATM market in the forecast period. In the developed markets of the Asia Pacific such as South Korea, Australia, and Japan, the cash in transit services are well established.

The Asia Pacific market is followed by Europe as the second largest market in the industry. The cash in transit services industry in Europe has a high maturity level due to the heavy presence of global players in the region, delivering a broad range of product services, selling CIT services with cash management and ATM maintenance services as a package. In North America, the global service providers offer an extensive service portfolio, whereas the individual domestic players deliver quality services due to local expertise and more accessible sites. The buyers' maturity is high in this region as the cash in transit penetration is huge, along with the engagement of buyers with suppliers on KPIs/SLA-based contracts and emphasis on cost-saving opportunities.


 

Properties and Applications

Cash in Transit (CIT), also known as cash/valuables in transit (CVIT), refers to the physical transfer of money, including banknotes, coins, credit cards, and items of value from one place to another. By end-use, the market can be divided into:

 

Global Cash in Transit Services Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

  • Academic Institutions
  • BFSI
  • Hospitals
  • Government Organizations
  • Retail
  • Others

The report covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Cash in Transit Services Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The global cash in transit services market is driven by the accelerating crime rates, which has resulted in the increased demand for specialist service providers all over the world. These specialists provide cash handling services and securely perform transaction services with precision. Outsourcing cash services to a specialist service provider is mainly done for continuous technology implementation. For example, CIT Tracker, a device hidden covertly during the cash transit process, alerts the security personnel when theft occurs. This device also supports the process of asset recovery and criminal apprehension.

The cash in transit services market is aided by the robust growth of ATM installation in the developing regions. For example, in the Asia Pacific region the growth rate for ATM installation is expected to increase in the forecast period, providing impetus to the market of cash in transit services. Due to several laws and regulations being made in the context of cash in transit services, the outsourcing of these services is being driven to the specialist service providers, enhancing the market for cash in transit services. Bank authorities have hardened the regulations for cash movement from one location to another, thus, further propelling the market growth.

In Latin America, the suppliers' maturity is at a medium level. The global suppliers solely can provide integrated cash services, whereas domestic suppliers deliver just cash transportation. The cash in transit services industry in the Middle East and Africa (MEA), have slightly varying maturity levels. Africa, due to the lack of regulations and infrastructure for the execution of professional cash management services. In the Asia Pacific, the presence of global service providers and regional service providers is uneven, whereas the presence of local service providers is high. The modern retail and large corporate houses are adopting the outsourcing of these services as they realise the cost-saving opportunities and compliance with regulations.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global cash in transit services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Brink's, Incorporated 
  • G4S Limited
  • Gardaworld Corporation
  • Loomis Armored US, LLC
  • Linfox Armaguard Pty, Ltd.
  • Others 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End Use
  • Region
Breakup by End Use
  • Academic Institutions
  • BFSI
  • Hospitals
  • Government Organizations
  • Retail
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Brink's, Incorporated 
  • G4S Limited
  • Gardaworld Corporation
  • Loomis Armored US, LLC
  • Linfox Armaguard Pty, Ltd.
  • Others 
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

View Our Top Selling Reports

Cold Brew Coffee Market

Database Management System (DBMS) Market

Europe Shrimp Market

Freeze-Dried Fruits and Vegetables Market

Gaming Peripherals Market

India Data Center Market

India Fertilizer Market

India Mayonnaise Market

Latin America Ice Cream Market

Latin America Jewellery Market

 

Cash in Transit Services Market Report Snapshots

Cash in Transit Services Market Size

Cash in Transit Services Market Analysis

Cash in Transit Services Companies

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Cash in Transit Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cash in Transit Services Historical Market (2018-2023) 
    8.3    Global Cash in Transit Services Market Forecast (2024-2032)
    8.4    Global Cash in Transit Services Market by End Use
        8.4.1    Academic Institution
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    BFSI
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Hospitals
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Government Organizations
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Retail
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Cash in Transit Services Market by Region       
       8.5.1    North America
           8.5.1.1    Historical Trend (2018-2023) 
           8.5.1.2    Forecast Trend (2024-2032)
       8.5.2    Europe
           8.5.2.1    Historical Trend (2018-2023) 
           8.5.2.2    Forecast Trend (2024-2032)
       8.5.3    Asia Pacific
           8.5.3.1    Historical Trend (2018-2023) 
           8.5.3.2    Forecast Trend (2024-2032)
       8.5.4    Latin America
           8.5.4.1    Historical Trend (2018-2023) 
           8.5.4.2    Forecast Trend (2024-2032)
       8.5.5    Middle East and Africa
           8.5.5.1    Historical Trend (2018-2023) 
           8.5.5.2    Forecast Trend (2024-2032) 
9    North America Cash in Transit Services Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Cash in Transit Services Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Cash in Transit Services Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Cash in Transit Services Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Cash in Transit Services Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Operational Regulations
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Brink’s Incorporated
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2     G4S Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     Gardaworld Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4     Loomis Armored US, LLC
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Linfox Armaguard Pty, Ltd.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6     Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Cash in Transit Services Market: Key Industry Highlights, 2018 and 2032
2.    Global Cash in Transit Services Historical Market: Breakup by End Use (USD Billion), 2018-2023
3.    Global Cash in Transit Services Market Forecast: Breakup by End Use (USD Billion), 2024-2032
4.    Global Cash in Transit Services Historical Market: Breakup by Region (USD Billion), 2018-2023
5.    Global Cash in Transit Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
6.    North America Global Cash in Transit Services Historical Market: Breakup by Country (USD Billion), 2018-2023
7.    North America Global Cash in Transit Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
8.    Europe Global Cash in Transit Services Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    Europe Global Cash in Transit Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Asia Pacific Global Cash in Transit Services Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Asia Pacific Global Cash in Transit Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Latin America Global Cash in Transit Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Latin America Global Cash in Transit Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Middle East and Africa Global Cash in Transit Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Middle East and Africa Global Cash in Transit Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Global Cash in Transit Services Market Structure

Key Questions Answered in the Report

The market reached a value of USD 24.69 billion in 2023.

The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 49.36 billion by 2032.

The major drivers of the market include rising disposable incomes, increasing population, and the rapid expansion of ATMs in various regions.

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 academic institutions, BFSI, hospitals, government organisations, and retail, among others.

The leading players in the market are Brink’s Incorporated, G4S Limited, Gardaworld Corporation, Loomis Armored US, LLC, and Linfox Armaguard Pty, Ltd., among others.

 

Analyst Review

The global cash in transit services market attained a value of USD 24.69 billion in 2023, driven by the growth in the crime rates. Aided by the strict regulations for cash movement from one location to another, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8%. The industry is projected to reach USD 49.36 billion by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on end uses, the global market for cash in transit services can be segmented into academic institutions, BFSI, hospitals, government organizations, and retail, among others. The major regional markets for cash in transit services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Brink’s Incorporated, G4S Limited, Gardaworld Corporation, Loomis Armored US, LLC, and Linfox Armaguard Pty, Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER