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Global Cash Counter Market 2016-2020

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Cash Counter Market 2016-2020

Technavio recognizes the following companies as the key players in the global cash counter market: Giesecke & Devrient, Glory Global Solutions, and Royal Sovereign.

Other prominent vendors in the market are: Billcon, Cassida, Cummins Allison, Liaoning Julong Financial Equipment, Konyee Group, Laurel Bank Machines, and Semacon.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is use of advanced technology in cash counters. Advances in technology in cash counters have simplified the process of handling money. With improved efficiency, the product has become indispensable to most banks, hotels, retail shops, and casinos. Some of the cash counter machines are portable in nature. Also, cash counters with advanced technology can inform users of problems; the machine generates a beep to notify about problems, if any, related to its operation. As a result, they are known as intelligent cash counters. Manufacturers are focused on developing cash counters with innovative technologies as demand in the market is on the rise.”

According to the report, one of the primary drivers in the market is increasing number of ATMs in APAC. APAC has a large population that does not have access to banking facilities. To target the population, banks are increasingly setting up ATMs. In 2015, the growth of ATMs in APAC was registered at 13%. Bangladesh, with a population of 156 million, witnessed 20% growth, from 2014, in the number of ATMs installed in 2015. The double-digit growth rate is mainly because banks in the country do not have to obtain permission from the country's Central Bank for setting up new ATMs. In terms of number of ATM installations, Bangladesh was followed by Pakistan, India, and China.

Further, the report states that one major challenge in the market is growing popularity of electronic transactions. The advances in telecom technology like 5G and LTE, and the increased use of mobile devices such as smartphones and tablets have shifted the mainstream function of banking like bill payments, transactions, utility payments to the online forum or internet banking or mobile banking. Internet banking remains the preferred method of banking among adults in the US; 85% of banking transactions in the US take place outside the branch, with branch traffic continuing to decline at a rate of 4%.

Companies Mentioned

Giesecke & Devrient, Glory Global Solutions, Royal Sovereign, Billcon, Cassida, Cummins Allison, Liaoning Julong Financial Equipment, Konyee Group, Laurel Bank Machines, Semacon.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Segmentation of bank branches on the basis of employee strength
    • Base year
    • Geographical segmentation
      • Table Major countries covered in report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Evolution of cash counters
      • Table Global cash counter market: Overview
      • Table Global cash counter market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global cash counter market by end-user
      • Table Global cash counter market by end-user 2015-2020
    • Global cash counter market by BFSI industry
      • Table Global cash counter market by BFSI industry 2015-2020 ($ millions)
    • Global cash counter market by retail industry
      • Table Global cash counter market by retail industry 2015-2020 ($ millions)
      • Table Some significant investments in retail industry in India
      • Table US retail chains and number of stores each will close (2016 and thereafter)*
      • Table Traditional retail format percentage share 2015 and 2020
    • Global cash counter market by casino industry
      • Table Global cash counter market by casino industry 2015-2020 ($ millions)
      • Table Summary of global cash counter market by end-user 2015-2020 ($ millions)
  • Geographical segmentation
    • Global cash counter market by geography
      • Table Global cash counter market by geography 2015
    • Cash counter market in EMEA
      • Table Cash counter market in EMEA 2015-2020 ($ millions)
    • Cash counter market in Americas
      • Table Cash counter market in Americas 2015-2020 ($ millions)
    • Cash counter market in APAC
      • Table Cash counter market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Increasing number of ATMs in APAC
      • Table APAC versus Europe: ATM installed base
    • Growing number of bank branches in emerging economies
      • Table Number of branches in APAC countries per 100,000 adults 2012-2014
    • Enhanced functionality of cash counters
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Growing popularity of electronic transactions
      • Table Major global banks and their branch closures
    • Increase in cashless payments through debit and credit cards
      • Table Payment transaction methods used by consumers globally 2015 and 2020
      • Table Global volume of payment cards 2015-2020 (billions of units)
      • Table Global transaction volume of payment cards 2015-2020 ($ trillions)
    • Use of alternatives for cash in casino industry
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of weight-based cash counter
    • Use of advanced technology in cash counters
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Giesecke & Devrient
    • Glory Global Solutions (Holdings)
    • Royal Sovereign
  • Appendix
    • List of abbreviations
  • Explore Technavio

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