Payments

Cash logistics market to reach $42B by 2027

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May 22, 2023

The cash logistics market will grow to $42.8 billion by 2027 at a compound annual growth rate of 10.16% from 2022 to 2027, according to a press release from Infiniti Research Inc.

The financial institutions segment will see a large amount of the growth, since it traditionally handles large amounts of cash.

Key trends include:

• Increased demand for ATMs.
• Adoption of automation.
• Growth of cash recycling.
• Highly competitive market.
• Growing use of online and card payments.