Cash Logistics Market to Grow at a 10.18% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global cash logistics market report that lists top active companies as Brink's, G4S, GardaWorld, Loomis and Prosegur. Other Prominent Vendors in the market are: Cash Logistik Security, CMS Infosystems, Global Security Logistics, General Secure Logistics Services (GSLS), Lemuir Secure Logistics (LSL), Maltacourt Global Logistics, Paragon Security, Securitrans India, Securitas, Security and Intelligence Services (SIS), Toll Group and Writer Safeguard. Commenting on the report, an analyst team said: ?One trend in the market is growth of organic and inorganic prospects in cash logistics. The global cash logistics market is adopting organic and inorganic methods to expand its operations. However, the fragmented nature of most of the market and its lack of compliance with regulations are major hindrances to the inorganic growth of the market.? According to the report, one driver in the market is rise in safe and vault demand for cash management from cash logistics firms. There is always a strong demand for safety vaults and locks from the banking sector for storing cash and other valuable items. To protect vaults from burglar attacks, they are fitted with an array of alarms and anti-theft devices. These vaults have doors, panels, and locks, which possess characteristics like low maintenance, emergency ventilators, and integrated light switches with electrical boxes and ventilators. The demand for safety systems is on the rise, especially in developing regions where there is an increase in disposable income. Further, the report states that one challenge in the market is highly competitive cash logistics market. The global cash logistics market is highly competitive with many regions, such as Asia and Africa remaining untapped. Owing to the similar nature of services provided by various vendors, there is immense pressure in terms of pricing and reputation, with the quality of services offered being the major differentiator while bagging cash logistics contracts. Cost effectiveness and ability to manage risks effectively are primary factors that determine the selection of vendors. The banking crises in Europe during 2009 and devaluation of currency in some countries of South America have increased pressure and competitiveness. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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