Cash Services Australia Market Intelligence

Download Sample Report

Are you looking for answers on Cash Services Australia category?

Are you looking for answers on Cash Services Australia category?

  • What are the key trends in Cash Services Australia category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Cash Services Australia industry?
  • How is Cash Services Australia industry performing?

Over 50,000+ users trust Beroe

Cash Services Australia Category Intelligence

Report Coverage

  • Mergers and Acquisitions
  • Key Suppliers Service Capabilities
  • Cost Saving Practices in Cash Services
  • Pricing Models
  • Key Factors for Successful Sourcing and Implementation (1/2)

Cash Services Australia Market Trends

Category Intelligence on Cash Services Australia covers the following

  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

Table of contents

  1. Executive Summary
  1. Market Analysis
  1. Market Overview - Global
  2. Market Overview - Australia
  3. Industry Drivers and Constraints
  4. Mergers and Acquisitions
  5. Porter’s Five Forces Analysis - Global
  6. Porter’s Five Forces Analysis - Australia
  7. Supplier Analysis
  1. Market Overview - Global
  2. Market Overview - Australia
  3. Industry Drivers and Constraints
  4. Mergers and Acquisitions
  5. Porter’s Five Forces Analysis - Global
  6. Porter’s Five Forces Analysis - Australia
  7. Cost Saving Practices in Cash Services
  1. Route Optimization and Cash Visibility Software
  2. Intelligent Cashbox
  3. Smart Safes
  4. Cash Forecasting Tool
  5. Procurement Best Practices
  1. Engagement Models
  2. Pricing Models
  3. Key Factors for Successful Sourcing and Implementation
  4. SLAs & KPIs
  5. Contract Structuring and Formulation
  6. Price Benchmarking
  1. Cost Structure for CIT Services
  2. Price Benchmarking - Australia and Global

Want a more detailed personalised report?

Industry Outlook & Drivers

Regional Market Report on Cash Services 

  • The global CIT services market was valued at $ 16.56 billion in 2017. The market is forecasted to grow at a CAGR of 4.4 percent until 2020

  • CIT growth in emerging markets expected to outperform global market growth, expected to grow at three times more than in Europe and North America

  • Factors such as increasing ATM installations, stringent banking regulations and increasing crime rates drive the need for CIT services across the globe

Market Overview – Australia

Market Dynamics and Trends 

Consolidation of suppliers

  • A shift in consolidation of suppliers has been witnessed in the last few years in Australia. A major reason being the increase in pressure on cost of staff, fuel and other elements are not reducing for the suppliers, making the profitability low

Growth in cash management services

  • Cash management consists of verifying, reconciling, processing, forecasting, storing, and total management of customer cash and coin in a seamless and transparent manner for the customer
  • Processing and managing currency has grown tremendously with the service providers dedicating state-of-the art facilities for currency processing and management

Retail cash automation

  • Cash dispensers, smart-safes, and recyclers have been at the forefront when it comes to automating the cash handling process
  • By providing the capability to accept, authenticate, sort, count, and in some cases dispense cash, these devices automate the back office cash handling and provide significant labor savings to the merchant or bank using them

Growth in electronic payments

  • The proliferation of payment options other than cash, including credit cards, debit cards, stored-value cards, mobile payments and on-line purchase activity, has resulted in a reduced volumes for the cash in transit companies

Growth in “Soft skin” CIT operations

  • Historically, the CIT work had been completed by armored trucks but increasingly soft skin operators have commenced completing larger amounts of work in the sector. “Soft skin” CIT operations have a single guard who does not wear a uniform, an unmarked, unarmored vehicle with limited security features

Industry Drivers and Constraints

Drivers

Integrated/Bundled solutions

  • The industry is leaning towards integrated solutions which can cover both cash management services and armored car services

Increase in ATMs

  • ATM management has been a major driver of armored car services and cash management
  • Installations of ATMs is forecasted to grow at a CAGR of 6.3 percent until 2019 in North America, which will continue to drive demand for armored car services

Increase in crime rate

  • Increase in crime rate has driven the outsourcing of cash handling to specialist service providers, thus reducing the risk for customers

Laws and regulations

  • Complying with laws and regulations related to Cash-In-Transit (CIT) has driven the outsourcing of these services to specialist service providers

Constraints

Rise in insurance premiums

  • Increasing crime and theft rates calls for rise in insurance premiums
  • Increase in pension liability

Pricing pressure

  • Significant competition and pricing pressures in most markets

Decreased use of cash

  • Decreased use of cash in developed markets
  • Closure of numerous local bank offices has reduced access to case

Cash Services Australia

Top Suppliers

  • Linfox Armaguard
  • Prosegur

Related Categories

Office Supplies

Catering Services

Integrated Facilities Man..

Waste Management

Cleaning Services

Commercial Real Estate

Office Furniture

Physical Security Service..

Records Management

Robotic Cleaning

Physical Security Service..

Office Supplies in Europe

Manned Guarding Services ..

Cleaning Services - Austr..

Catering Services in Indi..

Waste Management UK

Mailroom Solutions Uk

Ground Maintenance Servic..

IFM Nigeria

IFM Service Models in Fac..

Catering Services Switzer..

Waste Management Australi..

Windshield Recycling Euro..

Change Management Service..

Emission Control Australi..

IFM Iberia

Security Services UK

Street Lighting Maintenan..

Best Practices On Fixed A..

Waste Management Africa

Environment Enforcement S..

Facilities Management Chi..

Facilities Management Bel..

Integrated Facilities Man..

Cash-in-Transit Service A..

Office Supplies Australia..

Catering Services Austral..

Industrial Dining Service..

Cleanroom Gowning and Wor..

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. We work with over 10,000 companies worldwide, including 400 of the Fortune 500.

Offerings

KYS for Procurement

KYS for Suppliers

Category Intelligence

Advanced Benchmarking

R & D Catalogs

Supplier Financial Risk Rating

Commodity Dashboards

Beroe

About Beroe

Team Beroe

CSR

CoE Club

News and Updates

Procurement Espresso

Insights

Partners

Others

Careers

Contact Us

© Copyright © 2020 Beroe. All rights reserved.

Terms of use|

Privacy Policy|

Cookie Policy