Smart Safe Cash Management Market Size is projected to reach USD 81.30 Billion by 2030, growing at a CAGR of 13.23%: Straits Research

The global smart safe cash management market size was worth USD 26.05 billion in 2021. It is expected to reach USD 81.30 billion by 2030, growing at a CAGR of 13.23% during the forecast period (2022–2030). Asia-Pacific is anticipated to emerge as the fastest-growing market in smart safe cash management systems during the forecast period.

Pune, INDIA


New York, United States, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The Global Smart Safe Cash Management Market is emerging market and is presumed to grow during the forecast period. The growth is attributed to centralized cash management solution globally. Furthermore, growing demand for automation and optimization of working capital is also one of the factors propelling the market growth.

Moreover, increasing demand to predict cash flow also adds to the growth of smart safe cash management market. However high initial investment cost hinders the market growth. Additionally, increasing investment by industry verticals such as retailers, hotels and restaurants, and financial services to advance the cash management also paves way for adoption of smart safe cash management. 

Also, increasing 4G LTE/5G connectivity that needed to support smart safe technology enables companies to adopt the latest and greatest enterprise information technology tools. For instance, Gunnebo offers remote monitoring, which means technicians can update systems and correct errors without having to come out in person. It is emerging as a quicker, cheaper, and more effective service that ensures maximum performance and uptime.


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Report Scope

Report MetricDetails
Market SizeUSD 81.30 Billion by 2030
CAGR13.23% (2020-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredComponent, Deployment Mode, Cassette Capacity, Vertical
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsAmerican Express, Fiserv, Gunnebo, Diebold Nixdrof, GardaWorld, Tellermate, Intimus, Fireking Security, Triton System, BS2
Key Market OpportunitiesGrowing demand for automation and optimization of working capital
Key Market DriversCommercial Enterprises to Be the Fastest-Growing Sub-segment

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Key Highlights

  • The global smart safe cash management market size was worth USD 26.05 billion in 2021. It is expected to reach USD 81.30 billion by 2030, growing at a CAGR of 13.23% during the forecast period (2022–2030).
  • By Component, the service segment holds dominant position and is anticipated to witness growth during the forecast period. The growth is attributed to broad offering of service segment.
  • By Deployment Mode, on-premise holds higher CAGR and is presumed to grow during forecast period on account of higher presence of SMEs which prefer conventional cash management solutions.
  • By Vertical, Commercial enterprise holds dominant position comparable to other segment and is anticipated to witness growth during the forecast period. The growth is attributed to rising demand to access a suite of online receivable solutions.
  • By Region, North America holds higher CAGR and is expected to witness growth during the forecast period on account of increasing investment in technology by semi-automated retailers because of their lower level of revenue or profitability.
  • Asia-Pacific is the fastest growing region in smart safe management and is presumed to grow during the forecast period on account of rising demand for money management systems to maximize the automation of financial transactions for large enterprises.


List of Key Players

  • American Express
  • Fiserv
  • Gunnebo
  • Diebold Nixdrof
  • GardaWorld
  • Tellermate
  • Intimus
  • Fireking Security


Global Smart Safe Cash Management Market Segmentation

By Component

  • Hardware
  • Software
  • Service

By Deployment mode

  • On-Premise
  • Cloud

By Cassette Capacity

  • upto- 1200
  • 2,250
  • 4000
  • 10, 000 and above

By Vertical

  • BFSI
  • Retail
  • Hotel and Restaurants
  • Government and Public Sector
  • Entertainment and Gaming 
  • Others

By Region

  • North America
  • Europe
  • The Middle East and Africa (MEA)
  • Asia-Pacific
  • South America


TABLE OF CONTENTS

1          Introduction

1.1       Market Definition

1.2       Market Scope

2          Research Methodology

2.1       Primary Research

2.2       Research Methodology

2.3       Assumptions & Exclusions

2.4       Secondary Data Sources

3          Market Overview

3.1       Report Segmentation & Scope

3.2       Value Chain Analysis: Smart Safe Cash Management Market

3.3       Key Market Trends

3.3.1   Drivers

3.3.2   Restraints

3.3.3   Opportunities

3.4       Porter’s Five Forces Analysis

3.4.1   Bargaining Power of Suppliers

3.4.2   Bargaining Power of Buyers

3.4.3   Threat of Substitution

3.4.4   Threat of New Entrants

3.4.5   Competitive Rivalry

3.5       Market Share Analysis

3.6     Impact of COVID-19

4          Component Overview

4.1       Introduction

4.1.1   Market Size & Forecast, 2020-2030, (USD Million)

4.2       Hardware

4.2.1   Market Size & Forecast, 2020-2030, (USD Million)

4.3       Services

                      4.3.1    Market Size & Forecast, 2020-2030, (USD Million)       

           4.4        Software

4.4.1 Market Size & Forecast, 2020-2030, (USD Million)   

5          Cassette Capacity Overview

5.1       Introduction

5.1.1   Market Size & Forecast, 2020-2030, (USD Million)

5.2       Upto 1200

5.2.1   Market Size & Forecast, 2020-2030, (USD Million)

5.3       2250

5.3.1   Market Size & Forecast, 2020-2030, (USD Million)         

5.4       4000

5.4.1   Market Size & Forecast, 2020-2030, (USD Million)

5.5       10000 and Above

5.5.1   Market Size & Forecast, 2020-2030, (USD Million)

6          Deployment Model Overview

6.1       Introduction

6.1.1   Market Size & Forecast, 2020-2030, (USD Million)

6.2       Cloud

6.2.1   Market Size & Forecast, 2020-2030, (USD Million)

6.3       On-Premise

6.3.1   Market Size & Forecast, 2020-2030, (USD Million)       

7          Vertical Overview

7.1       Introduction

7.1.1   Market Size & Forecast, 2020-2030, (USD Million)

7.2       BFSI

7.2.1   Market Size & Forecast, 2020-2030, (USD Million)

7.3       Retail

7.3.1   Market Size & Forecast, 2020-2030, (USD Million)

7.4       Hotel and Restaurant

7.4.1   Market Size & Forecast, 2020-2030, (USD Million)

7.5       Government and Public Sector

7.5.1   Market Size & Forecast, 2020-2030, (USD Million)

7.6       Entertainment and Gaming

7.6.1   Market Size & Forecast, 2020-2030, (USD Million)

7.7       Other

7.7.1   Market Size & Forecast, 2020-2030, (USD Million)

8          Regional Analysis

8.1      Introduction

8.1.1   Market Size & Forecast, 2020-2030, (USD Million)

8.2      North America

8.2.1 Market Size & Forecast, 2020-2030, (USD Million)

8.2.2     The U.S.

8.2.2.1  By Component

8.2.2.2  By Deployment Model

8.2.2.3  By Cassette Capacity      

8.2.2.4  By Vertical

8.2.3     Canada

8.2.3.1  By Component    

8.2.3.2  By Deployment Model

8.2.3.3  By Cassette Capacity

8.2.3.4  By Vertical

8.2.4     Mexico

8.2.4.1 By Component

8.2.4.2 By Deployment Model

8.2.4.3  By Cassette Capacity

8.2.4.4  By Vertical

8.3      Europe

8.3.1   Market Size & Forecast, 2020-2030, (USD Million)

8.3.2   Germany

8.3.2.1  By Component

8.3.2.2  By Deployment Model

8.3.2.3  By Cassette Capacity

8.3.2.4  By Vertical

8.3.3   France

8.3.3.1  By Component 

8.3.3.2  By Deployment Model

8.3.3.3  By Cassette Capacity

8.3.3.4  By Vertical

8.3.4   The U.K.

8.3.4.1  By Component

8.3.4.2  By Deployment Model

8.3.4.3  By Cassette Capacity

8.3.4.4  By Vertical

8.3.5   Italy

8.3.5.1 By Component

8.3.5.2 By Deployment Model

8.3.5.3  By Cassette Capacity

8.3.5.4 By Vertical

8.3.6   Spain

8.3.6.1  By Component

8.3.6.2  By Deployment Model

8.3.6.3  By Cassette Capacity

8.3.6.4  By Vertical

8.3.7   The Rest of Europe

8.3.7.1  By Component

8.3.7.2  By Deployment Model

8.3.7.3  By Cassette Capacity

8.3.7.4  By Vertical

8.4      Asia-Pacific

8.4.1   Market Size & Forecast, 2020-2030, (USD Million)

8.4.2   Japan

8.4.2.1  By Component

8.4.2.2  By Deployment Model

8.4.2.3  By Cassette Capacity

8.4.2.4  By Vertical

8.4.3   China

8.4.3.1  By Component

8.4.3.2  By Deployment Model

8.4.3.3  By Cassette Capacity

8.4.3.4  By Vertical

8.4.4   Australia

8.4.4.1  By Component

8.4.4.2  By Deployment Model

8.4.4.3  By Cassette Capacity

8.4.4.4  By Vertical

8.4.5   India

8.4.5.1  By Component

8.4.5.2  By Deployment Model

8.4.5.3  By Cassette Capacity

8.4.5.4  By Vertical

8.4.6   South Korea

8.4.6.1  By Component

8.4.6.2  By Deployment Model

8.4.6.3  By Cassette Capacity

8.4.6.4  By Vertical

8.4.7   The Rest of Asia-Pacific

8.4.7.1  By Component

8.4.7.2  By Deployment Model

8.4.7.3  By Cassette Capacity

8.4.7.4  By Vertical

8.5      MEA

8.5.1   Market Size & Forecast, 2020-2030, (USD Million)

8.5.2   Saudi Arabia

8.5.2.1  By Component

8.5.2.2  By Deployment Model

8.5.2.3  By Cassette Capacity

8.5.2.4  By Vertical

8.5.3   South Africa

8.5.3.1  By Component

8.5.3.2  By Deployment Model

8.5.3.3  By Cassette Capacity

8.5.3.4  By Vertical

8.5.4   The UAE

8.5.4.1  By Component 

8.5.4.2  By Deployment Model

8.5.4.3  By Cassette Capacity

8.5.4.4  By Vertical

8.5.5   Egypt

8.5.5.1  By Component

8.5.5.2  By Deployment Model

8.5.5.3  By Cassette Capacity

8.5.5.4  By Vertical

8.5.6   The Rest of MEA

8.5.6.1  By Component 

8.5.6.2  By Deployment Model

8.5.6.3  By Cassette Capacity

8.5.6.4  By Vertical

8.6      South America

8.6.1   Market Size & Forecast, 2020-2030, (USD Million)

8.6.2   Brazil

8.6.2.1  By Component

8.6.2.2  By Deployment Model

8.6.2.3  By Cassette Capacity

8.6.2.4  By Vertical

8.6.3   Argentina

8.6.3.1  By Component 

8.6.3.2  By Deployment Model

8.6.3.3  By Cassette Capacity

8.6.4   Chile

8.6.4.1  By Component

8.6.4.2  By Deployment Model

8.6.4.3  By Cassette Capacity

8.6.4.4  By Vertical

8.6.5   Peru

8.6.5.1  By Component

8.6.5.2  By Deployment Model

8.6.5.3  By Cassette Capacity

8.6.5.4  By Vertical

8.6.6   The Rest of South America

8.6.6.1   By Component

8.6.6.2  By Deployment Model

8.6.6.3  By Cassette Capacity

8.6.6.4  By Vertical

9          Company Profile

9.1      FISERV

9.1.1   Company Overview

9.1.2   Financial Performance

9.1.3   Recent Developments

9.1.4   Product Portfolio

9.2      Gunnebo

9.2.1   Company Overview

9.2.2   Financial Performance

9.2.3   Recent Developments

9.2.4   Product Portfolio

9.3      GardaWorld

9.3.1   Company Overview

9.3.2   Financial Performance

9.3.3   Recent Developments

9.3.4   Product Portfolio

9.4      Tellermate

9.4.1   Company Overview

9.4.2   Financial Performance

9.4.3   Recent Developments

9.4.4   Product Portfolio

9.5      Intimus

9.5.1   Company Overview

9.5.2   Financial Performance

9.5.3   Recent Developments

9.5.4   Product Portfolio

9.6      Fireking Security

9.6.1   Company Overview

9.6.2   Financial Performance

9.6.3   Recent Developments

9.6.4   Product Portfolio

9.7      AMSEC

9.7.1   Company Overview

9.7.2   Financial Performance

9.7.3   Recent Developments

9.7.4   Product Portfolio

9.8      Armor Safe Technologies

9.8.1   Company Overview

9.8.2   Financial Performance

9.8.3   Recent Developments

9.8.4   Product Portfolio

9.9      Triton System

9.9.1Company Overview

9.9.2Financial Performance

9.9.3Recent Developments

9.9.4Product Portfolio

9.10    BS2

9.9.1Company Overview

9.9.2Financial Performance

9.9.3Recent Developments

9.9.4Product Portfolio

9.11    Tidel Engineering

9.11.1Company Overview

9.11.2Financial Performance

9.11.3Recent Developments

9.11.4Product Portfolio

9.12    Superior Pass

9.12.1Company Overview

9.12.2Financial Performance

9.12.3Recent Developments

9.12.4Product Portfolio


Table of Content and Figure @ https://straitsresearch.com/report/smart-safe-cash-management-market/toc


Recent Developments

  • In March 2020, AMSEC launched the Tube Vend Dispenser Solution for improved cash management. The new solution will help restaurant and retail organizations to manage in-store change, reduce the risk of internal theft, streamline in-store management, and create greater efficiencies in retail operations
  • In February 2016, Armor Safe Technologies partnered with Murphy USA to provide world-class support to its customers
  • In January 2018, Tidel Engineering launched a new line-up of cash recycling systems to its product family, the theTidelTR Series. The new TR Series provides the market with the most comprehensive and adaptable portfolio of cash recycling systems in the industry


News Media

COVID-19 is Likely to Make a Significant Impact on the Adoption of Smart Safe Cash Management Market


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