Growing Popularity of ATMs Creating a Steady Outlook for the Global Secure Logistics Market Through 2019: TechNavio

TechNavio, a tech-focused research firm has published a new report on the Global Secure Logistics Market, which is expected to grow at a CAGR of 9.47 percent from 2015-2019.

The latest report from TechNavio highlights an increased affinity towards outsourcing total cash management, security and surveillance by banks and financial institutions. Many customers in this segment are expanding their businesses and looking at fully-integrated solutions for their cash transit and security needs.

“The major factor contributing to the total outsourcing of cash management and security is the growth in popularity of ATMs around the world. The number of ATMs is expected to reach 3.5 million by 2017,” says Faisal Ghaus, Vice President of TechNavio.

“Despite new payment methods, cash still accounts for between 70 and 99 percent of transactions worldwide. So the amount of cash handled by ATMs is anticipated to overtake the cash handled by bank staff, thus necessitating the need for professional cash logistics.”

Additionally, there is a steady shift in operations by multinational secure logistics companies to emerging markets like Asia and South America, so as to cut down on risk exposure and take the first mover advantage in developing markets.

TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

• Global Healthcare Logistics Market 2014-2018

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.