About Currency Counting Machine A currency counting machine is used either for counting or sorting or counterfeit detection or all the three, for banknotes and coins. The global currency counting machine market can be segmented by end-user into three segments: banking, financial services, and insurance (BFSI); retail; and commercial. The BFSI sector dominates the market, followed by the retail and commercial sectors. In terms of the market by region, APAC holds the largest share of the global market, followed by the Americas and EMEA. The increasing number of bank branches in the region drives the market growth in APAC. Technavio's analysts forecast the global currency counting machine market to grow at a CAGR of 3.94% during the period 2017-2021. Covered in this report The report covers the present scenario and the growth prospects of the global currency counting machine market for 2017-2021. To calculate the market size, the report considers the end-user segments. The market is divided into the following segments based on geography: • Americas • APAC • EMEA Technavio's report, Global Currency Counting Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors • Giesecke & Devrient • Glory Global Solutions • Cummins-Allison Other prominent vendors • BILLCON • GRGBanking • Guangdong Baijia Baiter Industry • Julong • Kisan Electronics • LAUREL BANK MACHINES • Maxsell • Royal Sovereign • Shenzhen Best Machinery Electronics
Market driver • Increase in fake currency • For a full, detailed list, view our report Market challenge • Increased number of card transactions • For a full, detailed list, view our report Market trend • Growing need for weight-based currency counting machines • For a full, detailed list, view our report Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.