LONDON, Nov. 28, 2016 /PRNewswire/ -- About Cash Counter
Cash counters are widely used by the BFSI sector to count the cash deposited in the bank by account holders or for making any kind of transactions. The machines are primarily used in places where huge money transactions are involved daily. ATM machines also have inbuilt cash counter systems to determine the amount of money or currency being deposited by customers.
Technavio's analysts forecast the global cash counter market to grow at a CAGR of 5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cash counter market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of cash counters by the vendors in this market. The average price of cash counter has been taken into consideration for estimating the market revenue.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Cash Counter Market 2016-2020, 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
- Royal Sovereign
Other prominent vendors
- Billcon
- Cassida
- Cummins Allison
- Liaoning Julong Financial Equipment
- Konyee Group
- Laurel Bank Machines
- Semacon
Market driver
- Growing number of bank branches in emerging economies.
- For a full, detailed list, view our report
Market challenge
- Increase in cashless payments through debit and credit cards.
- For a full, detailed list, view our report
Market trend
- Growing popularity of weight-based cash counter.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 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.
Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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