Global portable cash counting machine market segmentation by product and end-user
Technavio’s report on the global portable cash counting machine market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product, including countertop cash counting machines and mini-portable cash counting machine. As projected in 2017, around 82% of the market share originated from countertop cash counting machines.
Based on end-user, the global portable cash counting machine market has been segmented into BFSI, retail, and casinos. As of 2017, 60% of the market share came from BFSI.
“In the global portable cash counting machine market, the BFSI segment accounted for the highest share. Companies that provide financial products or services are included in the BFSI segment. Developing countries in APAC are the major contributors to the growth of the BFSI segment,” says a senior analyst at Technavio for semiconductor equipment research.
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Portable cash counting machine market: competitive vendor landscape
The global portable cash counting machine market consists of Cummins-Allison, Glory Global Solutions, Giesecke+Devrient, Godrej.com, and Royal Sovereign as the major contributors in the market. The key vendors are focusing on increasing their global footprint and are expanding into developing countries through mergers and acquisitions or partnerships with the regional vendors.
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Other topics covered in the report:
- Innovation in technology and product features
- Increased availability of fake currency
- Increasing penetration of smartphones and internet
- Government support for electronic payments
- Rise in adoption of low-weight-based portable cash counting machines
- Development of portable cash counting machines with enhanced functionality
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