Cash logistics refers to transporting cash from client points to the cash processing centers, where it is counted, checked, inspected and transferred into the client's account. It primarily manages, transmits and protects funds by removing risks and exposing them to the public. This service is used for physical movement as well as the handling of cash from one location to another.
The cash logistics market includes revenues earned by entities (organizations, sole traders and partnerships) by administering, delivering and securing the funds primarily by eliminating risks and exposing them to the public.
The global cash logistics market was valued at $15,825.21 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 6.00%.
Growth In Cash Circulation And Transactions
The growth in cash circulation and transactions drove the growth of the cash logistics market during the historic period. As cash circulation rises, the demand for secure cash transportation and management increases, including services like armored transportation and vault management. The higher volume of cash also leads to more frequent ATM refills, business pickups and processing center activities. This growth heightens the risks of theft, fraud and mismanagement, driving businesses and financial institutions to rely on specialized logistics companies equipped with security measures and compliance systems to ensure secure handling and tracking. For instance, in April 2025, according to Reserve Bank of India (RBI), an India-based central banking institution, stated that the total value of INR 2,000 banknotes in circulation stood at INR3.56 lakh crore ($43 billion) as of the close of business on May 2023. Additionally, in September 2024, the value of cash in circulation surged by over 100% and reached INR34.70 lakh crore ($416 billion). Therefore, the growth in cash circulation and transactions supported the growth of the cash logistics market.
Digital Platforms Revolutionizing Cash Logistics Management
Companies operating in the cash logistics market are focusing on developing digital platform designed to modernize cash management by enhancing real-time monitoring, automating cash reconciliation and optimizing logistics. These innovations aim to improve efficiency, reduce operational costs and ensure better cash handling across various financial institutions. For example, in February 2025, PT Jalin Pembayaran Nusantara, an Indonesia-based company that provides cash logistics services launched JETS (Jalin Enterprise Transactional System), a comprehensive digital platform designed to modernize cash management across Indonesia. JETS offers real-time monitoring of cash flow, enabling financial institutions to track currency denominations and issuance years and note conditions. Its automated reconciliation feature ensures consistency between general ledger records and physical cash, enhancing accuracy and transparency. The platform also optimizes ATM and cash recycle machine (CRM) replenishment schedules, reducing the risk of shortages or overstocking. By integrating cash pickup operations and forecasting future cash needs, JETS streamlines logistics and minimizes operational inefficiencies.
The global cash logistics market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.66% of the total market in 2023.
Cash Logistics Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global cash logistics market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for cash logistics? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The cash logistics market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider cash logistics market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by service, by mode of transit and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by service, by mode of transit and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for cash logistics providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Service: Cash Management; Cash-In-Transit; ATM Services
- 2) By Mode Of Transit: Roadways; Railways; Airways; Waterways
- 3) By End User: Financial Institutions; Retailers; Government Agencies; Hospitality; Other End Users
- Companies Mentioned: The Brink's Company; Loomis Corporate; Prosegur Compania de Seguridad S.A.; GardaWorld Corporation; Allied Universal Security Services LLC
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; cash logistics indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.