Retail Cash Management Market Growth, Size, Trends, Revenue, Scope, Challenges and Future Share
Retail Cash Management Market Size- By Component, By Deployment, By Enterprise Size, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: BFSI2328 | Pages: 1 - 244 | Formats*: |
| Category : BFSI | |||
Retail Cash Management Market Introduction and Overview
According to SPER Market Research, the Global Retail Cash Management Market is estimated to reach USD 15.92 billion by 2033 with a CAGR of 14.72%.
The report includes an in-depth analysis of the Global Retail Cash Management Market, including market size and trends, product mix, distribution channels, and supplier analysis. Automated retail cash management systems have revolutionized the entire cash handling process, streamlining activities from the initial point of sale all the way to the bank deposit stage. As a result, businesses are now able to transition from traditional manual cash handling methods to these automated solutions, benefiting from significant time savings and improved operational efficiency.
- The need for effective financial management is growing: The surge in demand for efficient cash management solutions in recent years stems from pandemic-induced challenges faced by companies in handling cash resources amid disruptions to customers and suppliers. Effectively managing the cash-conversion cycle becomes crucial, driving the growth of the retail cash management industry. Optimizing cash outflow, particularly in supplier payments, allows organizations to balance cash flow and is expected to contribute to the expansion of the retail cash management market.
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Market Opportunities and Challenges
- Opportunities:
- The need for effective financial management is growing: Despite the increasing popularity of cashless payment methods, banknotes and coins remain widely used globally. The majority of cash transactions occur at points of sales, necessitating retailers to handle, process, and store cash, which can strain working capital and human resources. These factors contribute to the global growth of retail cash management. Additionally, the market is driven by order automation for cash collection and exchange, internal cash distribution, cash flow visualization from cashier systems, electronic cashiers, and the adoption of automated deposit machines (ADM) by retail businesses. These factors are expected to fuel the market's growth during the forecast period.
- Need for Efficient Cash Handling: Retailers, especially those with a high volume of cash transactions, need efficient cash handling procedures to guarantee accuracy, security, and operational effectiveness.
- Challenges:
- Rising Cybersecurity Concerns: Strong security measures are required as cash management systems become more digitalized due to an increased risk of cyber threats and data breaches.
- Cost of Implementation: Some firms, particularly smaller merchants, may be put off by the implementation of automated cash management solutions because of the potentially high initial expenses.
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Market Competitive Landscape
The competitive landscape of the global retail cash management market is dynamic and characterized by the presence of various players offering a wide range of solutions and services. The key players in the Global Retail Cash Management market include ALVARA Digital Solutions GmbH, Aurionpro Solutions Limited, Giesecke+Devrient GmbH, Glory Global Solutions, NTT Data Corporation, Nucleus Software Exports Ltd., Oracle Corporation, Sopra Banking Software SA, The Sage Group PLC, Tietoevry, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Deployment, By Enterprise Size, By Application |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ALVARA Digital Solutions GmbH, Aurionpro Solutions Limited, Giesecke+Devrient GmbH, Glory Global Solutions, NTT Data Corporation, Nucleus Software Exports Ltd., Oracle Corporation, Sopra Banking Software SA, The Sage Group PLC, Tietoevry, Others |
COVID-19 Impact on Global Retail Cash Management Market
The COVID-19 pandemic had a profound impact on the retail sector, with numerous brick and mortar stores facing shutdowns during lockdowns. The absence of in-store employees during this period prompted many retail businesses to turn to automated cash management solutions, leading to growth in the retail cash management market. Furthermore, the pandemic is expected to have a positive influence on the overall economy of technology-related sectors worldwide. Retail cash management has emerged as a significant trend in the tech industry, offering considerable growth opportunities for marketers. These solutions empower retail businesses to effectively manage their cash flow, making the retail cash management market poised for promising growth in the foreseeable future.
Key Target Audience
- Accounting and Finance Professionals
- Banks and Financial Institutions
- Cash Management Solution Providers
- Cashiers and Cash Handlers
- Consultants and Advisors
- Payment Service Providers
- Regulatory Authorities
- Retail Businesses
- Retail Managers and Store Owners
- Security and Loss Prevention Specialists
- Others
Our in-depth analysis of the Retail Cash Management Market includes the following segments:
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Key Topics Covered in the Report
- Global Retail Cash Management Market Size (FY’2023-FY’2033)
- Overview of Global Retail Cash Management Market
- Segmentation of Global Retail Cash Management Market By Component (Service, Solution)
- Segmentation of Global Retail Cash Management Market By Deployment (On-Cloud, Premise)
- Segmentation of Global Retail Cash Management Market By Enterprise Size (Large Enterprise, Small & Medium Enterprise)
- Segmentation of Global Retail Cash Management Market By Application (Balance & Transaction Reporting, Cash Flow Forecasting, Corporate Liquidity Management, Payables & Receivables, Others)
- Statistical Snap of Global Retail Cash Management Market
- Expansion Analysis of Global Retail Cash Management Market
- Problems and Obstacles in Global Retail Cash Management Market
- Competitive Landscape in the Global Retail Cash Management Market
- Impact of COVID-19 and Demonetization on Global Retail Cash Management Market
- Details on Current Investment in Global Retail Cash Management Market
- Competitive Analysis of Global Retail Cash Management Market
- Prominent Players in the Global Retail Cash Management Market
- SWOT Analysis of Global Retail Cash Management Market
- Global Retail Cash Management Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Retail Cash Management Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Retail Cash Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Retail Cash Management Market
7. Global Retail Cash Management Market, By Component (USD Million)
7.1. Global Retail Cash Management Market Value Share and Forecast, By Component, 2023-20337.2. Service7.3. Solution
8. Global Retail Cash Management Market, By Deployment (USD Million)
8.1. Global Retail Cash Management Market Value Share and Forecast, By Deployment, 2023-20338.2. On-Cloud8.3. Premise
9. Global Retail Cash Management Market, By Enterprise Size (USD Million)
9.1. Global Retail Cash Management Market Value Share and Forecast, By Enterprise Size, 2023-20339.2. Large Enterprise9.3. Small & Medium Enterprise
10. Global Retail Cash Management Market, By Application (USD Million)
10.1. Global Retail Cash Management Market Value Share and Forecast, By Application, 2023-203310.2. Balance & Transaction Reporting10.3. Cash Flow Forecasting10.4. Corporate Liquidity Management10.5. Payables & Receivables10.6. Others
11. Global Retail Cash Management Market Forecast, 2019-2033 (USD Million)
11.1. Global Retail Cash Management Market Size and Market Share
12. Global Retail Cash Management Market, By Component, 2019-2033 (USD Million)
12.1. Global Retail Cash Management Market Size and Market Share By Component (2019-2026)12.2. Global Retail Cash Management Market Size and Market Share By Component (2027-2033)
13. Global Retail Cash Management Market, By Deployment, 2019-2033 (USD Million)
13.1. Global Retail Cash Management Market Size and Market Share By Deployment (2019-2026)13.2. Global Retail Cash Management Market Size and Market Share By Deployment (2027-2033)
14. Global Retail Cash Management Market, By Enterprise Size, 2019-2033 (USD Million)
14.1. Global Retail Cash Management Market Size and Market Share By Enterprise Size (2019-2026)14.2. Global Retail Cash Management Market Size and Market Share By Enterprise Size (2027-2033)
15. Global Retail Cash Management Market, By Application, 2019-2033 (USD Million)
15.1. Global Retail Cash Management Market Size and Market Share By Application (2019-2026)15.2. Global Retail Cash Management Market Size and Market Share By Application (2027-2033)
16. Global Retail Cash Management Market, By Region, 2019-2033 (USD Million)
16.1. Global Retail Cash Management Market Size and Market Share By Region (2019-2026)16.2. Global Retail Cash Management Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific
16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada16.6.2. Mexico16.6.3. United States
16.7. Latin America
16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. ALVARA Digital Solutions GmbH
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Aurionpro Solutions Limited
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Giesecke+Devrient GmbH
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Glory Global Solutions
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. NTT Data Corporation
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Nucleus Software Exports Ltd.
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Oracle Corporation
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Sopra Banking Software SA
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. The Sage Group PLC
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Tietoevry
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Retail Cash Management Market is projected to reach USD 15.92 billion by 2033, growing at a CAGR of 14.72% during the forecast period.
Retail Cash Management Market grew in market size from 2022. The Market is expected to reach USD 15.92 billion by 2033, at a CAGR of 14.72% during the forecast period.
Retail Cash Management Market CAGR of 14.72% during the forecast period.
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Retail Cash Management Market size is USD 15.92 billion from 2023 to 2033.
Retail Cash Management Market Segment is covered By Component, By Deployment, By Enterprise Size, By Application.
The North America is anticipated to have the highest market share in the Retail Cash Management Market.
"The key players in the market include Companies Covered AALVARA Digital Solutions GmbH, Aurionpro Solutions Limited, Giesecke+Devrient GmbH, Glory Global Solutions, NTT Data Corporation, Nucleus Software Exports Ltd., Oracle Corporation, Sopra Banking Software SA, The Sage Group PLC, Tietoevry, Others.
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Automated retail cash management systems have revolutionized the entire cash handling process, streamlining activities from the initial point of sale all the way to the bank deposit stage.
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