Emergence of Cash Automation Opens up New Avenues of Growth

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2023-04-10

DUBLIN, April 10, 2023 /PRNewswire/ — The “Counterfeit Money Detection – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global market for Counterfeit Money Detection estimated at US$2.8 Billion in the year 2022, is projected to reach a revised size of US$4.1 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030.

Currency Detector, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$1.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Coin & Currency Counter segment is readjusted to a revised 3.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $825.7 Million, While China is Forecast to Grow at 4.5% CAGR
The Counterfeit Money Detection market in the U.S. is estimated at US$825.7 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$725.8 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Select Competitors (Total 23 Featured) –

• AccuBANKER USA
• Cassida Corporation
• Crane Payment Innovations
• Cummins Allison Corp.
• DRI Mark Products, Inc.
• Fraud Fighter
• Glory Ltd.
• Innovative Technology Ltd.
• Japan Cash Machine Co., Ltd.
• Royal Sovereign International, Inc.
• Semacon Business Machines, Inc.

What`s New for 2023?

• Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies – Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

• Influencer Market Insights
• Counterfeit Money Detection – Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Threat of Financial Losses Posed by Circulation of Fake Currencies Pushes up Demand for Counterfeit Money Detection
• Rise of Digital Printing Technology Adds to the Growing Threat of Counterfeiting
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS

• Government Regulations and Punitive Measures Implemented to Tackle Circulation of Counterfeit Currency Spurs Market Growth
• An Overview of Punitive Measures for Producing Counterfeit Money by Country
• Increase in Fraudulent Activity Expands Demand from Different End-Use Industries
• Select Popular Counterfeit Currency Detectors
• Emergence of Cash Automation Opens up New Avenues of Growth
• Continuous Innovations and Technological Advances Crucial to Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ciy2o8

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