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Cash handling, security market expected to rise by $20B by 2024
March 12, 2020
The global secure logistics market, which includes cash handling and security, is expected to grow by $20.4 billion by 2024, or a compound annual growth rate of 6% over the next four years, according a report by Technavio.
Amid a rise in mobile payment technologies around the world, cash remains an important payment method since about 2 billion people around the world lack a bank account, according to a company release.
The report cited five leading companies in the global market: Allied Universal, G4S Plc, GardaWorld Security Corp., Loomis AB and Maltacourt Ltd.
ATM & Mobile BankingTrends / StatisticsVault Cash / Cash ManagementBank / Credit UnionSecurityLoomis
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