Retail Cash Management Market Growth, Size, Trends, Revenue, Scope, Challenges and Future Share: SPER Market Research

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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.

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:

By Component:	Service Solution
By Deployment:	On-Cloud Premise
By Enterprise Size:	Large Enterprise Small & Medium Enterprise
By Application:	Balance & Transaction Reporting Cash Flow Forecasting Corporate Liquidity Management Payables & Receivables Others

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 report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. 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. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Retail Cash Management Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Service
7.3. Solution

8. Global Retail Cash Management Market, By Deployment (USD Million)

8.1. Global Retail Cash Management Market Value Share and Forecast, By Deployment, 2023-2033
8.2. On-Cloud
8.3. 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, 2023-2033
9.2. Large Enterprise
9.3. 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, 2023-2033
10.2. Balance & Transaction Reporting
10.3. Cash Flow Forecasting
10.4. Corporate Liquidity Management
10.5. Payables & Receivables
10.6. 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. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific

16.4. Europe

16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe

16.5. Middle East and Africa

16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa

16.6. North America

16.6.1. Canada
16.6.2. Mexico
16.6.3. United States

16.7. Latin America

16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. ALVARA Digital Solutions GmbH

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Aurionpro Solutions Limited

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. Giesecke+Devrient GmbH

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Glory Global Solutions

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. NTT Data Corporation

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Nucleus Software Exports Ltd.

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Oracle Corporation

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Sopra Banking Software SA

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. The Sage Group PLC

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Tietoevry

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. 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.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Retail Cash Management Market?

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.

What is the growth rate of the Retail Cash Management Market?

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.

What is the anticipated CAGR of the Retail Cash Management Market?

Retail Cash Management Market CAGR of 14.72% during the forecast period.

How can I get a sample report on the Retail Cash Management Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Retail Cash Management Market?

Retail Cash Management Market size is USD 15.92 billion from 2023 to 2033.

Which segment is expected to Retail Cash Management Market?

Retail Cash Management Market Segment is covered By Component, By Deployment, By Enterprise Size, By Application.

Which region is expected to have the highest market share in the Retail Cash Management Market?

The North America is anticipated to have the highest market share in the Retail Cash Management Market.

Who are the key players in 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. "

What is the conclusion of the Retail Cash Management Market?

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.