From GlobeNewswire: 2024-04-01 11:30:00

The retail cash management market has seen substantial growth, reaching $5.01 billion in 2024 with a CAGR of 15.9%. Forecasts project continued expansion to $9.13 billion by 2028, driven by factors like customer experience, contactless payments, and robotics. Major trends include cash recycler technology, cloud-based solutions, and data analytics.

Digital payment solutions are a key driver of retail cash management market growth, offering increased efficiency, security, and sustainability. The Central Bank of Ireland reported significant rises in card payments and e-money transactions in 2021. Leading companies like Oracle and Diebold Nixdorf are focusing on automation to improve efficiency and reduce costs.

North America leads the retail cash management market, with Asia-Pacific expected to show the fastest growth. The market segments include solutions, services, deployment modes, enterprise sizes, and applications. As technology advances and digital payment solutions gain traction, the retail cash management market is set for continued expansion, presenting opportunities for stakeholders globally.

The Business Research Company’s report offers insights on the retail cash management market size, trends, competitors, and more. With over 7,500 industry reports and extensive research, TBRC provides valuable market intelligence. Check out similar reports on Retail Analytics, IoT in Retail, and Smart Retail to stay informed on industry trends and developments.



Read more at GlobeNewswire: Retail Cash Management Market Surges As Digital Payment