Cash logistics market to reach $42B by 2027

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.

Source: ATM Marketplace