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Portable Cash Counting Machine Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 155
  • SKU: IRTNTR73874
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The portable cash counting machine market share is expected to increase to USD 75.26 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.45%.

This portable cash counting machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers portable cash counting machine market segmentation by product (countertop cash counting machine and mini-portable cash counting machine), end-user (BFSI, retail, casinos, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The portable cash counting machine market report also offers information on several market vendors, including Arihant Maxsell Technologies Pvt. Ltd., BellCon ApS, Billcon Corp., Cennox Inc., Crane Co., Dolphin Corp. Pvt. Ltd., Elcon Security Systems, Giesecke and Devrient GmbH, Glory Ltd., Godrej and Boyce Manufacturing Co. Ltd., GRGBanking, Guangdong Baijia Baiter Co. Ltd., Julong Co. Ltd., Kisan Electronics Co. Ltd., Ktron Systems, Kusam Electrical Industries Ltd., Laurel Bank Machines Co. Ltd., Microtech Automation, Royal Sovereign International Inc., Swaggers Technologies, and TVS Electronics Ltd. among others.

What will the Portable Cash Counting Machine Market Size be During the Forecast Period?

Portable Cash Counting Machine Market Size

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Portable Cash Counting Machine Market: Key Drivers, Trends, and Challenges

The innovation in technology and product features is notably driving the portable cash counting machine market growth, although factors such as the increasing penetration of smartphones and the internet may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the portable cash counting machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Portable Cash Counting Machine Market Driver

  • One of the key factors driving growth in the portable cash counting machine market is the innovation in technology and product features.
  • Vendors in the market are offering cash counting machines that incorporate advanced technology that generates a beep to notify problems related to their operation.
  • Godrej.com offers the Godrej Fitness Sorter, an intelligent banknote counting machine that uses image processing technology for the recognition of banknotes and to differentiate various denominations.
  • The Godrej Fitness Sorter has been developed with a reject pocket feature, which automatically diverts the suspected, unrecognized, and strange notes to the reject pocket, thus assuring continuous operation. Such innovations in technology and product features are driving the global portable cash counting machine market.

Key Portable Cash Counting Machine Market Trend

  • The rise in adoption of low-weight-based portable cash counting machines is a portable cash counting machine market trend that is expected to have a positive impact in the coming years.
  • Various enterprises are adopting weight-based counting technology to streamline their cash management process. Most portable cash counting machines are below 27 lbs.
  • Many end-users across various industries are adopting portable cash counting machines, owing to their low weight.
  • Various manufacturers in the market differentiate counting machines on primary parameters of speed, weight, and ability to detect counterfeit currency.
  • Cummins-Allison offers the JetScan iFX i100 currency counting and check processing system, which has a weight of 20 lbs. This product is also developed with an adjustable processing speed of 600, 800, 1,000, 1,200, and 1,600 notes per minute.

Key Portable Cash Counting Machine Market Challenge

  • The increasing penetration of smartphones and the internet will be a major challenge for the portable cash counting machine market during the forecast period.
  • The increased penetration of smartphones and the Internet enables the easy online transaction of money, which is hindering the adoption of portable cash counting machines.
  • Advances in telecom technology, such as 5G and LTE, and the increased use of mobile devices, such as smartphones and tablets, have shifted the mainstream functions of banking.
  • Operations such as bill payments, transactions, and utility payments, have shifted to online forums like Internet banking or mobile banking. Internet banking remains the preferred method of banking among adults in most countries. Therefore, these factors are negatively impacting the sales of portable cash counting machines.

This portable cash counting machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global portable cash counting machine market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the portable cash counting machine market during the forecast period.

Who are the Major Portable Cash Counting Machine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Arihant Maxsell Technologies Pvt. Ltd.
  • BellCon ApS
  • Billcon Corp.
  • Cennox Inc.
  • Crane Co.
  • Dolphin Corp. Pvt. Ltd.
  • Elcon Security Systems
  • Giesecke and Devrient GmbH
  • Glory Ltd.
  • Godrej and Boyce Manufacturing Co. Ltd.
  • GRGBanking
  • Guangdong Baijia Baiter Co. Ltd.
  • Julong Co. Ltd.
  • Kisan Electronics Co. Ltd.
  • Ktron Systems
  • Kusam Electrical Industries Ltd.
  • Laurel Bank Machines Co. Ltd.
  • Microtech Automation
  • Royal Sovereign International Inc.
  • Swaggers Technologies
  • TVS Electronics Ltd.

 

This statistical study of the portable cash counting machine market encompasses successful business strategies deployed by the key vendors. The portable cash counting machine market is fragmented and the vendors are deploying growth strategies such as focusing on differentiating their products based on the counting speed of machines and by adding functionalities, such as bundling of notes to compete in the market.

Product Insights and News

  • maxsell.co.in - The company offers portable cash counting machine such as MX 50i, MX 50 Smart plus, MX 50 Turbo plus, and Cube 998.

  • maxsell.co.in - The currency sorting machine segment, includes Maxsell Matrix V Ready for New 2000, 500 and Coin Sorting Machine CC200.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The portable cash counting machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Portable Cash Counting Machine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the portable cash counting machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Portable Cash Counting Machine Market?

Portable Cash Counting Machine Market Market segmentation by region

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31% of the market's growth will originate from Europe during the forecast period. Germany is the key market for portable cash counting machines in Europe. Market growth in this region will be faster than the growth of the market in the North American, APAC, and South American regions.

The counterfeit note detection feature in portable cash counting machines is encouraging the BFSI, retail, casino, and other sectors to use the machines. This will facilitate the portable cash counting machine market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 across the world had a significant impact on North American countries, especially the US and Canada. The outbreak led to a temporary or permanent closure of several businesses, which led to an increase in debts. However, in the long run, the increasing focus on digitalization and cryptocurrency in the region is expected to reduce the demand for portable cash counting machines, thereby decreasing the need for banknotes in North America. Therefore, the market in focus is expected to witness slow growth during the forecast period.

What are the Revenue-generating Product Segments in the Portable Cash Counting Machine Market?

Portable Cash Counting Machine Market Segmentation

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The portable cash counting machine market share growth by the countertop cash counting machine segment will be significant during the forecast period. A countertop cash counting machine has become commonplace in point of sale (POS) locations. These machines offer various advantages to small and large businesses, where the return on investment is usually within a few months. The countertop cash counting machine is mainly used by the BFSI and casino sectors. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the portable cash counting machine market size and actionable market insights on post COVID-19 impact on each segment.

 

Portable Cash Counting Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.45%

Market growth 2022-2026

$ 75.26 million

Market structure

Fragmented

YoY growth (%)

2.19

Regional analysis

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

Performing market contribution

Europe at 31%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arihant Maxsell Technologies Pvt. Ltd., BellCon ApS, Billcon Corp., Cennox Inc., Crane Co., Dolphin Corp. Pvt. Ltd., Elcon Security Systems, Giesecke and Devrient GmbH, Glory Ltd., Godrej and Boyce Manufacturing Co. Ltd., GRGBanking, Guangdong Baijia Baiter Co. Ltd., Julong Co. Ltd., Kisan Electronics Co. Ltd., Ktron Systems, Kusam Electrical Industries Ltd., Laurel Bank Machines Co. Ltd., Microtech Automation, Royal Sovereign International Inc., Swaggers Technologies, and TVS Electronics Ltd.

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, Market condition analysis for the forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive portable cash counting machine market growth during the next five years
  • Precise estimation of the portable cash counting machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable cash counting machine industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable cash 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 Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • 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 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 25: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 27: Chart on Comparison by Product
    • Exhibit 28: Data Table on Comparison by Product
  • 5.3 Countertop cash counting machine - Market size and forecast 2021-2026
    • Exhibit 29: Chart on Countertop cash counting machine - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Countertop cash counting machine - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Countertop cash counting machine - Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Countertop cash counting machine - Year-over-year growth 2021-2026 (%)
  • 5.4 Mini-portable cash counting machine - Market size and forecast 2021-2026
    • Exhibit 33: Chart on Mini-portable cash counting machine - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Mini-portable cash counting machine - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Mini-portable cash counting machine - Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Mini-portable cash counting machine - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Product
    • Exhibit 37: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

  • 6.1 Market segments
    • Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)
  • 6.2 Comparison by End-user
    • Exhibit 40: Chart on Comparison by End-user
    • Exhibit 41: Data Table on Comparison by End-user
  • 6.3 BFSI - Market size and forecast 2021-2026
    • Exhibit 42: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on BFSI - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on BFSI - Year-over-year growth 2021-2026 (%)
  • 6.4 Retail - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Retail - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Retail - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Retail - Year-over-year growth 2021-2026 (%)
  • 6.5 Casinos - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Casinos - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Casinos - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Casinos - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Casinos - Year-over-year growth 2021-2026 (%)
  • 6.6 Others - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 6.7 Market opportunity by End-user
    • Exhibit 58: Market opportunity by End-user ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 60: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 62: Chart on Geographic comparison
    • Exhibit 63: Data Table on Geographic comparison
  • 8.3 North America - Market size and forecast 2021-2026
    • Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 8.4 APAC - Market size and forecast 2021-2026
    • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 8.5 Europe - Market size and forecast 2021-2026
    • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 8.6 South America - Market size and forecast 2021-2026
    • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 8.8 US - Market size and forecast 2021-2026
    • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 8.9 China - Market size and forecast 2021-2026
    • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 8.10 India - Market size and forecast 2021-2026
    • Exhibit 92: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 8.11 Japan - Market size and forecast 2021-2026
    • Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 8.12 Germany - Market size and forecast 2021-2026
    • Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography
    • Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges
    • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 107: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 108: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 109: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 110: Matrix on vendor position and classification
  • 11.3 Arihant Maxsell Technologies Pvt. Ltd.
    • Exhibit 111: Arihant Maxsell Technologies Pvt. Ltd. - Overview
    • Exhibit 112: Arihant Maxsell Technologies Pvt. Ltd. - Product / Service
    • Exhibit 113: Arihant Maxsell Technologies Pvt. Ltd. - Key offerings
  • 11.4 Billcon Corp.
    • Exhibit 114: Billcon Corp. - Overview
    • Exhibit 115: Billcon Corp. - Product / Service
    • Exhibit 116: Billcon Corp. - Key offerings
  • 11.5 Crane Co.
    • Exhibit 117: Crane Co. - Overview
    • Exhibit 118: Crane Co. - Business segments
    • Exhibit 119: Crane Co. - Key offerings
    • Exhibit 120: Crane Co. - Segment focus
  • 11.6 Giesecke and Devrient GmbH
    • Exhibit 121: Giesecke and Devrient GmbH - Overview
    • Exhibit 122: Giesecke and Devrient GmbH - Business segments
    • Exhibit 123: Giesecke and Devrient GmbH - Key offerings
    • Exhibit 124: Giesecke and Devrient GmbH - Segment focus
  • 11.7 Glory Ltd.
    • Exhibit 125: Glory Ltd. - Overview
    • Exhibit 126: Glory Ltd. - Business segments
    • Exhibit 127: Glory Ltd. - Key news
    • Exhibit 128: Glory Ltd. - Key offerings
    • Exhibit 129: Glory Ltd. - Segment focus
  • 11.8 Godrej and Boyce Manufacturing Co. Ltd.
    • Exhibit 130: Godrej and Boyce Manufacturing Co. Ltd. - Overview
    • Exhibit 131: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
    • Exhibit 132: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
    • Exhibit 133: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
  • 11.9 GRGBanking
    • Exhibit 134: GRGBanking - Overview
    • Exhibit 135: GRGBanking - Product / Service
    • Exhibit 136: GRGBanking - Key offerings
  • 11.10 Kisan Electronics Co. Ltd.
    • Exhibit 137: Kisan Electronics Co. Ltd. - Overview
    • Exhibit 138: Kisan Electronics Co. Ltd. - Product / Service
    • Exhibit 139: Kisan Electronics Co. Ltd. - Key offerings
  • 11.11 Laurel Bank Machines Co. Ltd.
    • Exhibit 140: Laurel Bank Machines Co. Ltd. - Overview
    • Exhibit 141: Laurel Bank Machines Co. Ltd. - Product / Service
    • Exhibit 142: Laurel Bank Machines Co. Ltd. - Key offerings
  • 11.12 Royal Sovereign International Inc.
    • Exhibit 143: Royal Sovereign International Inc. - Overview
    • Exhibit 144: Royal Sovereign International Inc. - Product / Service
    • Exhibit 145: Royal Sovereign International Inc. - Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist
    • Exhibit 146: Inclusions checklist
    • Exhibit 147: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 148: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 149: Research methodology
    • Exhibit 150: Validation techniques employed for market sizing
    • Exhibit 151: Information sources
  • 12.5 List of abbreviations
    • Exhibit 152: List of abbreviations
  • demand for infrastructure-as-a-service (IaaS): The ongoing migration from on-premise infrastructure to cloud-based services is having an impact on the revenues of original equipment manufacturers (OEMs) of servers, albeit the adverse impact on them is slightly milder than the effect on storage equipment. The emergence of IaaS has had a strong impact on the IT hardware market. The biggest advantage of IaaS is that it allows enterprises to scale operations or introduce innovations in the workflow without the need to make substantial investments in storage and servers for the traditional on-premise hardware environment. At the same time, cloud-focused infrastructure spending is expected to increase in terms of server, disk storage, and networking hardware.

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.

TechnavioINFORMATION 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
Technavio

TechnavioDATA 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
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Portable Cash Counting Machine Market market growth will increase by $75.26 mn during 2022-2026.
The portable cash counting machine market market is expected to grow at a CAGR of 4.45% during 2022-2026.
Technavio has segmented the portable cash counting machine market market by product (countertop cash counting machine and mini-portable cash counting machine) ,end-user (BFSI, Retail, Casinos, and Others) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Arihant Maxsell Technologies Pvt. Ltd., BellCon ApS, Billcon Corp., Cennox Inc., Crane Co., Dolphin Corp. Pvt. Ltd., Elcon Security Systems, Giesecke and Devrient GmbH, Glory Ltd., Godrej and Boyce Manufacturing Co. Ltd., GRGBanking, Guangdong Baijia Baiter Co. Ltd., Julong Co. Ltd., Kisan Electronics Co. Ltd., Ktron Systems, Kusam Electrical Industries Ltd., Laurel Bank Machines Co. Ltd., Microtech Automation, Royal Sovereign International Inc., Swaggers Technologies, TVS Electronics Ltd. are a few of the key vendors in the portable cash counting machine market market.
Europe will register the highest growth rate of 31% among the other regions. Therefore, the portable cash counting machine market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the portable cash counting machine market market growth are:
  • Innovation in technology and product features
  • Rise in adoption of low-weight-based portable cash counting machines
The portable cash counting machine market market vendors should focus on grabbing business opportunities from the countertop cash counting machine segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • 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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