Payments

Cash logistics market to grow by more than $20B

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August 29, 2023

The cash logistics market is expected to increase by $20.26 billion from 2022 to 2027, according to research by Technavio. It will also grow at a compound annual growth rate of 10.16% during the forecasted period.

Key data points include:

• Asia-Pacific will contribute to 35% of market growth.
• Preference for outsourcing cash management by banks is driving growth.
• Increasing demand for ATMs and cash recyclers is driving growth.
• The market is highly competitive.