Retail Cash Management Market
Retail Cash Management Market Size, Share & Trends Analysis Report by Component (Solution, and Service), by Application (Balance & Transaction Reporting, Cash Flow Forecasting, Corporate Liquidity Management, Payables & Receivables, and Others), and by Enterprise Size (Small and Medium-Sized Enterprises (SMEs), and Large Enterprises), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Retail cash management market is anticipated to grow at a CAGR of 14.5% during the forecast period (2023-2030). The market’s growth is attributed to security across to globe. Both consumers and businesses are very concerned regarding the security of their cash. Secure ATMs and intelligent safes can help assuage the anxieties. Accordingly market players are coming up with new products to cater the demand for new bank technology. For instance, in August 2023, Cash Depot Ltd. launched a new BANK IN A BOX technology for consumer financial services, ATMs, and cash management. The technology has been developed to offer adaptable cash solutions for innovative merchants with consumers that are underbanked and unbanked by integrating smart safe, a powerful device that combines an ATM, financial services kiosk, and cash recycler.
Segmental Outlook
The global retail cash management market is segmented on the component, application, and enterprise size. Based on the component, the market is sub-segmented into solution, and service. Based on the application, the market is sub-segmented into balance & transaction reporting, cash flow forecasting, corporate liquidity management, payables & receivables, and others. Furthermore, on the basis of enterprise size, the market is sub-segmented into small and medium-sized enterprises (SMEs),
large enterprises. The service subcategory is expected to capture a significant portion of the market share within the component segment. This is attributed to the applications of retail cash management solutions that are projected to enhance the retail cash management sector includes large-scale and cash cycle automation.
The Cash Flow Forecasting Sub-Segment is Anticipated to Hold a Considerable Share of the Global Retail Cash Management Market
Among the applications, the cash flow forecasting sub-segment is expected to hold a considerable share of the global Retail Cash Management market. The segmental growth is attributed to the regulatory compliance. A significant motivation is adhering to legal requirements for handling cash, such as know-your-customer (KYC) and anti-money laundering (AML) legislation. Institutions can track and report transactions more efficiently with the aid of LMS and G-LMS technologies. Accordingly market players are coming up with new products to cater the demand for liquidity management solution. For instance, in February 2022, IDBI Bank launched liquidity management solution for institutional clients. LMS and G-LMS provide real-time, web-based and formula driven liquidity management solution.
Regional Outlook
The global Retail Cash Management market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Europe is anticipated to hold a prominent share of the market across the globe, owing to the contemporary cash management platform to remain competitive and meet the needs of their customers. The UK retail cash management market is moving towards digital banking services, with customers expecting real-time cash management experiences. For instance, in July 2021, Santander UK and Infosys Finacle Launched new international Cash Management Platform as part of the ongoing program for the bank's digital transformation
Global Retail Cash Management Market Growth by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Retail Cash Management Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to cash to digital transition. A global trend is the transition of transactions from cash to digital. The aforementioned products enable cash withdrawals and deposits towards electronic format in order to aid with the transition. The major player of retail cash management are operating North America such as, yosung America, Kyriba, and Robinhood. For instance, in July 2022, yosung America Launched four new products such as the Hero (MX5400), X10 Cash-In Sidecar (HK700), MetaKiosk (MX9700) and Cajera CR-E (MS500EL)a set to facilitate cash-to-digital experiences and boost cash management. The company has developed a range of cash-in/out solutions, including X10 Cash-in-Sidecar, Series X MetaKiosk, Cajera CR-E, and Hero cash dispenser (redesigned MX5400). These devices offer a low cost, high reward upgrade for Hyosung’s leading cash dispenser lineup, and are designed for payments, crypto, gaming, in-store cash optimization, and improved security features.
Market Players Outlook
The major companies serving the retail cash management market include Finastra, Glory Global Solutions (International) Ltd., HCL Technologies Ltd., Infosys Ltd., Intimus International GmbH and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2023, Hitachi Payment Services acquired Writer Corporation’s cash management business.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global retail cash management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ALVARA
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Aurionpro Solutions Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Giesecke+Devrient GmbH
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Retail Cash Management Market by Component
4.1.1. Solution
4.1.2. Service
4.2. Global Retail Cash Management Market by Application
4.2.1. Balance & Transaction Reporting
4.2.2. Cash Flow Forecasting
4.2.3. Corporate Liquidity Management
4.2.4. Payables & Receivables
4.2.5. Others (Cash Deposit Automation, Cash Recycling, Security and Surveillance, and Biometric Authentication)
4.3. Global Retail Cash Management Market by Enterprise Size
4.3.1. Small and Medium-Sized Enterprises (SMEs)
4.3.2. Large Enterprises
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Finastra
6.2. Glory Global Solutions (International) Ltd.
6.3. HCL Technologies Ltd.
6.4. Infosys Ltd.
6.5. Intimus International GmbH
6.6. NTT DATA GROUP Corp.
6.7. Nucleus Software Exports Ltd.
6.8. Oracle
6.9. Sage Group plc
6.10. Sopra Banking Software
6.11. Tietoevry
1. GLOBAL RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL RETAIL CASH MANAGEMENT SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL RETAIL CASH MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
5. GLOBAL RETAIL CASH MANAGEMENT FOR BALANCE & TRANSACTION REPORTING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL RETAIL CASH MANAGEMENT FOR CASH FLOW FORECASTING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL RETAIL CASH MANAGEMENT FOR CASH FLOW FORECASTING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL RETAIL CASH MANAGEMENT FOR CORPORATE LIQUIDITY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL RETAIL CASH MANAGEMENT FOR PAYABLES & RECEIVABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL RETAIL CASH MANAGEMENT FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
12. GLOBAL RETAIL CASH MANAGEMENT IN SMALL AND MEDIUM-SIZED ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL RETAIL CASH MANAGEMENT IN LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. NORTH AMERICAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
16. NORTH AMERICAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
17. NORTH AMERICAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
19. EUROPEAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. EUROPEAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
21. EUROPEAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
22. EUROPEAN RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. REST OF THE WORLD RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
29. REST OF THE WORLD RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
30. REST OF THE WORLD RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
1. GLOBAL RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL RETAIL CASH MANAGEMENT SOLUTION MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL RETAIL CASH MANAGEMENT SERVICES MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL RETAIL CASH MANAGEMENT MARKET SHARE ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
5. GLOBAL RETAIL CASH MANAGEMENT FOR BALANCE & TRANSACTION REPORTING MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL RETAIL CASH MANAGEMENT FOR CASH FLOW FORECASTING MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL RETAIL CASH MANAGEMENT FOR CORPORATE LIQUIDITY MANAGEMENT MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL RETAIL CASH MANAGEMENT FOR PAYABLES & RECEIVABLES MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL RETAIL CASH MANAGEMENT FOR OTHER APPLICATIONS MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL RETAIL CASH MANAGEMENT MARKET SHARE ANALYSIS BY ENTERPRISE SIZE, 2022 VS 2030 (%)
11. GLOBAL RETAIL CASH MANAGEMENT IN SMALL AND MEDIUM-SIZED ENTERPRISES MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL RETAIL CASH MANAGEMENT IN LARGE ENTERPRISES MARKET SHARE ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL RETAIL CASH MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. US RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
15. CANADA RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
16. UK RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
17. FRANCE RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
18. GERMANY RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
19. ITALY RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
20. SPAIN RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF EUROPE RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
22. INDIA RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
23. CHINA RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
24. JAPAN RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
25. SOUTH KOREA RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD RETAIL CASH MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
