What Is The Current and Historic Market Size Analysis Of The Retail Cash Management Market?
The retail cash management market has seen considerable growth due to a variety of factors.
• In recent years, there has been a sizable increase in the retail cash management market. It is predicted to increase from $5.01 billion in 2024 to $5.79 billion in 2025, representing a compound annual growth rate (CAGR) of 15.6%.
Factors that have contributed to its growth historically include improved cash handling efficiencies, the reduction of cash handling expenses, enhanced security measures, regulatory adherence, and integration with point-of-sale (POS) systems.
What Is The Forecast For The Retail Cash Management Market Size?
The retail cash management market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the retail cash management market is projected to undergo speedy growth, expanding up to $10.59 billion by 2029 with a compound annual growth rate (CAGR) of 16.3%.
The expansion during the forecast period is expected due to factors such as enhanced customer experiences, the integration of contactless payments, the use of blockchain for security, advanced robotics for cash handling, and environmental sustainability. The forecast period will also see major trends such as the adoption of cash recycler technology, incorporation of cloud-based solutions and data analytics for decision making, utilisation of cloud-based cash management systems, mobile point-of-sale (mpos) systems, and integration with e-commerce platforms.
What Are The Essential Drivers Behind The Growth Of The Retail Cash Management Market?
The surge in the use of digital payment solutions is forecasted to drive the retail cash management market's expansion in the future. These solutions are internet-based tools and services that facilitate electronic transactions and monetary transfers via the Internet, thereby easing payment processes and lessening dependence on tangible currency. Digital payments are revolutionizing the retail cash management landscape by enhancing efficiency, security, data utilization, sustainability and are offering a customer-centric approach to managing cash. For example, the Office for National Statistics, a statistical institute based in the UK, stated in March 2024 that in 2022, 59% of payment transactions in the UK involved cards. Hence, the surge in the use of digital payment solutions contributes to the retail cash management market's growth.
Retail Cash Management Market Driver: Expansion of Retail Industry Fuelling Significant Growth in the Retail Cash Management Market
How Is The Global Retail Cash Management Market Divided Into Key Segments?
The retail cash management market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By Application: Balance And Transaction Reporting, Cash Flow Forecasting, Corporate Liquidity Management, Payables And Receivables, Other Applications
Subsegments:
1) By Solution: Cash Management Software, Cash Handling Equipment, Coin And Currency Counting Machines, Cash Recycler Machines
2) By Service: Installation And Setup Services, Maintenance And Support Services, Cash Logistics And Cash Transport Services
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What Trends Are Shaping The Retail Cash Management Market?
Key players in the retail cash management market are concentrating their efforts on creating automation technology solutions to enhance operational efficiency. Automation technology solutions encompass a variety of systems, tools, and methodologies that are created to automate and simplify tasks, operations, or processes across businesses and sectors. For example, in September 2022, Glory Ltd., a cash management firm from Japan, introduced the next iteration of their industry-leading CASHINFINITY lineup of retail cash automation solutions. Developed with the goals of optimising cash procedures, lowering expenses, and boosting operational efficiency, these new solutions cater to retailers of all scales.
Who Are the Key Players In The Retail Cash Management Market?
Major companies operating in the retail cash management market report are:
• Oracle Corporation
• NTT Data Corporation
• HCL Technologies Limited
• Toshiba Tec Corporation
• Diebold Nixdorf Inc.
• Tietoevry Corporation
• Giesecke+Devrient GmbH
• Sage Group PLC
• Finastra Group Holding Limited
• Loomis AB
• Crane Payment Innovations Inc.
• JCM American Corporation
• Nucleus Software Exports Limited
• Intimus International GmbH
• Tellermate Inc.
• Glory Ltd.
• Kisan Electronics Co. Ltd.
• Cashmaster International
• Puloon Technology Inc.
• Bankers Equipment Service Inc.
• ALVARA Digital Solutions GmbH
• GRG Banking Equipment Co. Limited.
• Fujitsu Frontech North America Inc.
• Royal Sovereign International LLC
• SUZOHAPP Germany GmbH
What Are The Regional Insights Into The Retail Cash Management Market?
North America was the largest region in the retail cash management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail cash management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
