Currency Counting Machine Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 161 SKU: IRTNTR41365

The currency counting machine market is estimated to grow at a CAGR of 14.61% between 2022 and 2027. The size of the market is forecast to increase by USD 625.77 million. The growth of the market depends on several factors, including the increase in counterfeit currency, the rising number of bank branches in developing economies, and the counting accuracy offered by currency counting machines.

This report extensively covers market segmentation by end-user (BFSI, retail, and commercial), type (basic note counter, hi-speed heavy duty cash counting, and intelligent counting cum counterfeit detection machines), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Currency Counting Machine Market be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global currency counting machine market as a part of the global electronic equipment and instruments market within the overall electronics market. The parent global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. The global electronic equipment and instruments market is expected to grow at a moderate pace. Technavio calculates the global electronic equipment and instruments market size by considering the revenue generated from sales of the associated information communication and technology and electronics products, equipment, and components. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Currency Counting Machine Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increase in the circulation of counterfeit currency is notably driving the currency counting machine market growth, although factors such as the increased number of card transactions may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Currency Counting Machine Market Driver

The increase in the circulation of counterfeit currency is the key factor driving the global currency counting machine market growth. The counterfeiting of currency is one of the oldest crimes in history. When the first coins were minted, their value was based on the intrinsic value of the metal. Forgers would scrape off small amounts of the metal from original coins and use it to make fake coins with inexpensive base metals. The fake currency market has become a big black market and is one of the biggest problems for governments.

Counterfeit money poses a major threat to national security and can result in economic destabilization. Fake currency is worthless, and it is difficult for ordinary people to identify such currency with the naked eye. Currency counting machines can detect fake currency, thus limiting the threat of fake currency. A currency counting machine uses several counterfeit detection technologies, including magnetic, ultraviolet, infrared, watermark, and microprint. These machines detect whether the currency has different security features that denote the genuineness of the currency. With the increase in the printing and circulation of counterfeit currency, especially high-value paper currency, the need for currency counting machines will rise.

Key Currency Counting Machine Market Trend

The increasing use of multi-currency forex cards will affect the global currency counting machine market growth. Forex cards are prepaid cards that can be loaded with multiple currencies. These cards act as a replacement for single-currency-denominated travel currency cards.

Contactless multi-currency forex cards are also available, which provide a fast and convenient way to pay for daily purchases. They use contactless chip technology and reduce the time spent at cash counters. These cards are generally used by travellers for hassle-free travel worldwide. With the currency exchange rates locked, customers are protected against currency fluctuations. These cards reduce the need to carry cash, which is a trend that is expected to affect the market negatively during the forecast period.

Key Currency Counting Machine Market Challenge

The increased number of card transactions is a major challenge to the global currency counting machine market growth. There has been a significant increase in the use of debit and credit cards for payments. The rise in the number of cashless payment transactions by consumers poses a threat to currency counting machines. Consumers who shop at retail or hospitality outlets use their debit or credit cards to make convenient payments. This encourages banks and merchants to invest in cashless technology and solutions.

In 2019, approximately more than half of all payment transactions globally were done using cards. Moreover, the growth of the retail e-commerce industry has fueled the increase in online payments. The increase in the number of card transactions is expected to hinder the growth of the market during the forecast period.

Key Currency Counting Machine Market Customer Landscape

Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, Canada, China, Japan, India, and Germany. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Global Currency Counting Machine Market Customer Landscape

Who are the Major Currency Counting Machine Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market

maxsell.in - The company offers currency counting machines such as the Cash counting machine with 200 notes capacity, an Intelligent currency counter cum detector, and the Maxsell loose note counting machine. Also, under this segment, the company offers products such as currency sorting machines, gold testing machines for jewellers and banks, gold testing machines for testing, hallmarking centres and refineries, laser engraving machines, fibre laser marking machines, paper shredders, laser welding machines, and currency counting machines.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including :

  • Aditya Systems
  • Billcon Corp.
  • CDM USA Inc.
  • Crane Payment Innovations Inc.
  • Dolphin Automation
  • Giesecke+Devrient GmbH
  • Glory Ltd.
  • Godrej & Boyce Manufacturing Co. Ltd.
  • GRG Banking
  • Guangdong Baijia Baiter Co. Ltd.
  • Guangzhou SmartTec Co. Ltd.
  • Halma Plc
  • Hilton Trading Corp.
  • Julong Co. Ltd.
  • Kisan Electronics Co. Ltd.
  • Ktron Systems
  • Laurel Bank Machines Co. Ltd.
  • Mycica Technologies
  • NexBill Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Currency Counting Machine Market?

The market share growth by the BFSI segment will be significant during the forecast period. The BFSI sector includes companies that provide financial products or services. The BFSI sector witnessed negative growth due to the Great Recession in 2008. However, it has recovered from the impact of the recession and has been witnessing growth in recent years. Developing countries in APAC are the major contributors to the growth in the BFSI sector.

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The BFSI segment showed a gradual increase in market share with USD 96.94 million in 2017 and continued to grow by 2021. The growing popularity of alternative banking channels has not impacted brick-and-mortar bank branches in developing countries. Lenders in countries such as India are focusing on expanding their reach in unbanked and underbanked regions. Various sectors, such as services, real estate, agriculture, and allied sectors, have a high demand for credit in emerging economies. The rapid growth in savings and the rising disposable income in developing economies are factors that are driving the need for more bank branches. The rise in the number of bank branches will lead to a proportional increase in the need for currency counting machines. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of the Currency Counting Machines, which is driven by an increase in the global demand for the Currency Counting Machine Industry.

Which are the Key Regions for the Currency Counting Machine Market?

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APAC is projected to contribute 38% of market growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

APAC was the highest revenue-generating region in 2020, and it is expected to continue to dominate the market during the forecast period. The market growth in APAC is expected to increase at a fast rate because of the growing end-user segments in the region. The BFSI, retail, and commercial sectors in the region are expected to grow at a moderate rate, which will drive the need for currency counting machines in the region.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 led to a decline in the demand for currency counting machines in APAC. The COVID-19 pandemic negatively impacted the growth of the currency counting machine market in APAC in 2020. The demand for currency counting machines declined due to the restrictions and lockdowns imposed by the governments of most countries in the region, which lead to the temporary closure of retail chains, casinos, and many commercial businesses. However, these restrictions were lifted in 2021 with additional measures, such as social distancing and standard safety procedures such as wearing masks, taken at workplaces. Moreover, the increase in the vaccination rate led to the removal of COVID-19-induced restrictions in 2021. This, in turn, is expected to lead to an economic recovery in APAC, which will increase the demand for currency counting machines during the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user, type, and region.

  • End-User Outlook (USD Million, 2017 - 2027)
    • BFSI
    • Retail
    • Commercial 
  • Type Outlook (USD Million, 2017 - 2027)
    • Basic note counter
    • Hi-speed heavy-duty cash counting
    • Intelligent counting cum counterfeit detection machines
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Currency Counting Machine Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.61%

Market growth 2023-2027

USD 625.77 million

Market structure

Fragmented

YoY growth (%)

13.87

Regional analysis

APAC, Europe, North America, South America, and the Middle East and Africa

Performing market contribution

APAC at 38%

Key consumer countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd., Billcon Corp., CDM USA Inc., Crane Payment Innovations Inc., Dolphin Automation, Giesecke+Devrient GmbH, Glory Ltd., Godrej & Boyce Manufacturing Co. Ltd., GRG Banking, Guangdong Baijia Baiter Co. Ltd., Guangzhou SmartTec Co. Ltd., Halma Plc, Hilton Trading Corp., Julong Co. Ltd., Kisan Electronics Co. Ltd., Ktron Systems, Laurel Bank Machines Co. Ltd., Mycica Technologies, and NexBill Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Currency Counting Machine Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the currency counting machine market between 2023 and 2027
  • Precise estimation of the size of the currency counting machine market and its contribution to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behaviour
  • Growth of the currency counting machine market industry across APAC, Europe, North America, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive details of factors that will challenge the growth of currency counting machine market vendors

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global currency counting machine market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global currency counting machine market 2017 - 2021 ($ million)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Range Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Range Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 BFSI - Market size and forecast 2022-2027
      • Exhibit 34: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on BFSI - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on BFSI - Year-over-year growth 2022-2027 (%)
    • 6.4 Retail - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Retail - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Retail - Year-over-year growth 2022-2027 (%)
    • 6.5 Commercial - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 49: Chart on Comparison by Type
      • Exhibit 50: Data Table on Comparison by Type
    • 7.3 Basic note counter - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Basic note counter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Basic note counter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Basic note counter - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Basic note counter - Year-over-year growth 2022-2027 (%)
    • 7.4 Hi-speed heavy duty cash counting - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Hi-speed heavy duty cash counting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Hi-speed heavy duty cash counting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Hi-speed heavy duty cash counting - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Hi-speed heavy duty cash counting - Year-over-year growth 2022-2027 (%)
    • 7.5 Intelligent counting cum counterfeit detection machines - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Intelligent counting cum counterfeit detection machines - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Intelligent counting cum counterfeit detection machines - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Intelligent counting cum counterfeit detection machines - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Intelligent counting cum counterfeit detection machines - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 India - Market size and forecast 2022-2027
      • Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.14 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Arihant Maxsell Technologies Pvt. Ltd.
              • Exhibit 120: Arihant Maxsell Technologies Pvt. Ltd. - Overview
              • Exhibit 121: Arihant Maxsell Technologies Pvt. Ltd. - Product / Service
              • Exhibit 122: Arihant Maxsell Technologies Pvt. Ltd. - Key offerings
            • 12.4 Billcon Corp.
              • Exhibit 123: Billcon Corp. - Overview
              • Exhibit 124: Billcon Corp. - Product / Service
              • Exhibit 125: Billcon Corp. - Key offerings
            • 12.5 CDM USA Inc.
              • Exhibit 126: CDM USA Inc. - Overview
              • Exhibit 127: CDM USA Inc. - Product / Service
              • Exhibit 128: CDM USA Inc. - Key offerings
            • 12.6 Crane Payment Innovations Inc.
              • Exhibit 129: Crane Payment Innovations Inc. - Overview
              • Exhibit 130: Crane Payment Innovations Inc. - Product / Service
              • Exhibit 131: Crane Payment Innovations Inc. - Key offerings
            • 12.7 Dolphin Automation
              • Exhibit 132: Dolphin Automation - Overview
              • Exhibit 133: Dolphin Automation - Product / Service
              • Exhibit 134: Dolphin Automation - Key offerings
            • 12.8 Giesecke and Devrient GmbH
              • Exhibit 135: Giesecke and Devrient GmbH - Overview
              • Exhibit 136: Giesecke and Devrient GmbH - Business segments
              • Exhibit 137: Giesecke and Devrient GmbH - Key offerings
              • Exhibit 138: Giesecke and Devrient GmbH - Segment focus
            • 12.9 Glory Ltd.
              • Exhibit 139: Glory Ltd. - Overview
              • Exhibit 140: Glory Ltd. - Business segments
              • Exhibit 141: Glory Ltd. - Key offerings
              • Exhibit 142: Glory Ltd. - Segment focus
            • 12.10 Godrej and Boyce Manufacturing Co. Ltd.
              • Exhibit 143: Godrej and Boyce Manufacturing Co. Ltd. - Overview
              • Exhibit 144: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
              • Exhibit 145: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
              • Exhibit 146: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
            • 12.11 GRG Banking
              • Exhibit 147: GRG Banking - Overview
              • Exhibit 148: GRG Banking - Product / Service
              • Exhibit 149: GRG Banking - Key offerings
            • 12.12 Guangdong Baijia Baiter Co. Ltd.
              • Exhibit 150: Guangdong Baijia Baiter Co. Ltd. - Overview
              • Exhibit 151: Guangdong Baijia Baiter Co. Ltd. - Product / Service
              • Exhibit 152: Guangdong Baijia Baiter Co. Ltd. - Key offerings
            • 12.13 Guangzhou SmartTec Co. Ltd.
              • Exhibit 153: Guangzhou SmartTec Co. Ltd. - Overview
              • Exhibit 154: Guangzhou SmartTec Co. Ltd. - Product / Service
              • Exhibit 155: Guangzhou SmartTec Co. Ltd. - Key offerings
            • 12.14 Hilton Trading Corp.
              • Exhibit 156: Hilton Trading Corp. - Overview
              • Exhibit 157: Hilton Trading Corp. - Product / Service
              • Exhibit 158: Hilton Trading Corp. - Key offerings
            • 12.15 Julong Co. Ltd.
              • Exhibit 159: Julong Co. Ltd. - Overview
              • Exhibit 160: Julong Co. Ltd. - Product / Service
              • Exhibit 161: Julong Co. Ltd. - Key offerings
            • 12.16 Kisan Electronics Co. Ltd.
              • Exhibit 162: Kisan Electronics Co. Ltd. - Overview
              • Exhibit 163: Kisan Electronics Co. Ltd. - Product / Service
              • Exhibit 164: Kisan Electronics Co. Ltd. - Key offerings
            • 12.17 Laurel Bank Machines Co. Ltd.
              • Exhibit 165: Laurel Bank Machines Co. Ltd. - Overview
              • Exhibit 166: Laurel Bank Machines Co. Ltd. - Product / Service
              • Exhibit 167: Laurel Bank Machines Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
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              • Market size and forecast
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              currency counting machine market

              Key Questions Answered

              • What are the key global market and the regional market share?
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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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