Global Cash Counter Market 2016-2020

Overview of the cash counter market

According to the market research analysts at Technavio, the global cash counter market is anticipated to witness steady growth and will post a moderate CAGR of close to 5% during the forecast period. With the increasing number of bank branches in emerging countries, the market for cash counters is expected to have a positive outlook over the coming years. Retail banking channels like the brick-and-mortar branches have faced the impact of digitization in the BFSI sector in developed economies, but the scenario is strikingly different in emerging economies. Banks in emerging countries like India and China are opening new branches to target the population that does not have access to banks. This is expected to increase the demand for cash counters in the APAC region over the next four years.

One of the latest trends spurring this market’s growth prospects is the increasing use of advanced technology in cash counters. Recent technological advancements have simplified the process of handling money, which has made cash counters indispensable to most banks, hotels, retail shops, and casinos. Also, the new and improved cash counters can inform the users of any problems related to its operation. Moreover, manufacturers are increasingly focussing on developing cash counters with innovative technologies, which will boost this market’s growth in the years to come.

Competitive landscape and key vendors

The global cash counter market is highly fragmented owing to the presence of a vast number of big and medium-sized vendors. Due to increased commoditization of the product, vendors are not able to differentiate their products from those of their competitors. Many vendors are adopting the strategy of differentiating their product on the basis of counting speed and the counterfeit technology used. The key players in the market compete on the basis of price, quality, and brand loyalty. Acquisition of new enterprises will give the leading players a chance to maintain their dominance in the market throughout the forecast period.  

Key vendors in this market are -

• Giesecke & Devrient
• Glory Global Solutions
• Royal Sovereign

Other prominent vendors are Billcon, Cassida, Cummins Allison, Liaoning Julong Financial Equipment,

Konyee Group, Laurel Bank Machines, and Semacon.

Segmentation by end user and analysis of the cash counter market

• Casino
• Retail
• BFSI

During 2015, the BFSI industry was the highest revenue-contributing end user segment and will continue to dominate the market over the next four years. Most banks are equipped with cash counters for daily activities like cash deposits. The growth in the number of bank branches in APAC countries such as China and India will significantly contribute to this segment’s growth in the near future.

Geographical segmentation and analysis of the cash counter market

• Americas
• APAC
• EMEA

In terms of geography, EMEA accounted for the maximum market shares and is likely to continue its dominance until the end of 2020. Most European banks have adopted the policy of carry-trade to strengthen their financial positions. This has resulted in the opening of a number of bank branches, thereby, contributing to this market’s growth in the region. Also, the adoption of polymer-based banknotes in the region will steer the demand for weight-based cash counters in the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global cash counter market?
• What are the key market trends impacting the growth of the global cash counter market?
• What are the challenges to market growth?
• Who are the key vendors in the global cash counter market?
• What are the market opportunities and threats faced by the vendors in the global cash counter market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global cash counter market?

Technavio also offers customization on reports based on specific client requirement.

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