Security

Cash logistics market to reach $33.28B by 2030

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February 24, 2022

The cash logistics market will reach $33.28 billion by 2030, up from $16.83 billion in 2020, according to a report by Allied Market Research. It will also grow at a compound annual growth rate of 6.9% from 2021 to 2030, according to a press release.

Key findings of the report include:

• Boost in ATM deployment and increase in circulation of cash are driving growth.
• Robberies and growing adoption of digital payments are impeding growth.
• COVID-19 impacted the cash logistics market through lockdowns, but the market is recovering.
• Cash management segment will dominate the market in 2030.
• Roadways segment will continue to hold highest market share.
• Europe held the highest market share in 2020, but Latin America, Middle East and Africa will grow by 8.1% during the forecasted period.