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Note Sorter Market By Sorter Type (Small-Sized Note Sorter, Medium-Sized Note Sorter, and Large-Sized Note Sorter), Enterprise Size (Large Enterprises and Small and Medium Enterprises) and End User (BFSI, Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A04192 | Pages: 250 | Mar 2021 | 7944 Views | | |
| Author(s) : Vaibhav Modi, Pramod Borasi , Vineet Kumar | Tables: 49 | Charts: 32 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !Note Sorter Market Outlook – 2027
The global note sorter market size was valued at $6.31 billion in 2019, and is projected to reach $9.53 billion by 2027, growing at a CAGR of 7.9% from 2020 to 2027. Note sorters are used as sorting units that facilitate the management of notes for cash-intensive businesses. The note sorter machine helps banks reduce the human efforts as well as reduces different types of error in sorting and counting of cash. In addition, it provides different benefits to end users that include reduced decreased operational expenses, reduced risk of internal theft occurring during the process of sorting and counting, faster processing of bank procedures, and decline in financial losses.
The COVID-19 outbreak had a negative impact on growth of the note sorter market, owing to decline in cash transactions in various industries such as retail and rapid adoption of contactless payment across the globe. In addition, high demand for mobile payments across the retail shops such as grocery and drug stores for reducing the chances of transmission of the virus, negatively impacts the growth of cash usage and note sorter market in the pandemic situation..
The key factors that drive the growth of the global note sorter market trends rise in demand among the developing nations to hassle-free handling of notes and increase in adoption of note sorter machine in commercial banks and retail industry are some the important factors that boost the growth of the note sorter market across the globe. In addition, increase in adoption among the bank and financial institutions due to its numerous benefits such as increase in the security and accuracy during the process of cash counting and increase in in-flow and out-flow of cash propels the growth of the market.
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However, high implementation and maintenance cost of note sorter machine is expected to hamper the growth of the note sorter market. On the contrary, increase in penetration of virtual currency and digital transactions and presence of highly advanced note sorter machines are expected to offer remunerative opportunities for the expansion of the global note sorter market during the forecast period.
The small-size note sorter segment dominated the note sorter industry in 2019, and is projected to maintain its dominance during the forecast period, owing to rise in demand for the note sorter machines among the developing nations of Asia-Pacific In addition to this, the adoption of small-size note sorters has gained traction among end users, owing to the rapidly evolving infrastructural money handling needs, their increased application areas, rise in number of cash-intensive environment facilities, and higher acceptance of end-of-the-day deposit management solutions and others. Furthermore, the medium-size note sorter is expected to grow at a significant CAGR during the forecast period, owing to surge in integration of advance technologies such as artificial intelligence, machine learning, and IoT technologies among the medium-sized note sorter machine.
Note Sorter Market
By Sorter Type
Small-sized note sorter Market holds a dominant position throughout the forecast period
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Region wise, the note sorter market was dominated by North America in 2019, and is expected to retain its position during the forecast period. This is attributed due to increase in demand of note sorter machine among business owing to its numerous benefits such as improved efficiency and increase in accuracy of cash counting. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to rise in investment in note sorter machine by various banks and financial institutions in order to establish automated cash handling process for notes.
The report focuses on the growth prospects, restraints, and trends of global note sorter market analysis. The study provides porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on global note sorter market.
Segment Review
The global note sorter market is segmented on the basis of sorter type, enterprise size, end user, and region. In terms of sorter type, the market is fragmented into small-sized note sorter, medium-sized note sorter, and large-sized note sorter. On the basis of enterprise size, the market is bifurcated into large enterprises and small and medium enterprises (SMEs). Depending on end user, it is divided into BFSI, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Note Sorter Market
By End User
BFSI segment will grow at a highest CAGR of 7.6% during 2020 2027
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Competitive Analysis
The key players operating in the global note sorter industry include Bcash, Electronics Co., Cummins-Allison Corp., De La Rue plc, Giesecke & Devrient GmbH, Glory Global Solutions (International) Limited, GRGBanking, Julong Europe GmbH, Kisan Electronics, Laurel and Toshiba Infrastructure Systems & Solutions Corporation. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the note sorter industry.
COVID-19 Impact Analysis
The emergence of COVID-19 is expected to have negative impacted on the note sorter market growth. This is attributed to increase in stringent government rules and regulation to restrict the COVID- 19 outbreak. The banks and financial institutions are shutting down their offices and individuals are not allowed to receive fund from the banks, which is negatively impacting the growth of the market. In addition, the government across the globe have been creating awareness to use online banking and mobile payment service to send and receive money at business store. Furthermore, decrease in COVID-19 rule and regulation for the business is expected to provide lucrative opportunity to boost note sorter market after COVID-19 outbreak.
Top Impacting Factors
Growth Potential from Developing Economies
Growth associated with retail and commercial banks industry among developing nations such as China, Japan, and India is expected to augment the demand to implement note sorters. Note sorter machines are widely applicable in retail industries for smooth & hassle-free handling of notes. Furthermore, the growth in the market for automated cash handling products and increase in demand for technologically advanced self-service machines are expected to increase the market potential in developing economies. Thus, increase in banked population among the developing nation is expected to provide a significant market for the note sorter machines.
Note Sorter Market
By Region
Asia-Pacific would exhibit the highest CAGR of 10.6% during 2020-2027.
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Numerous Benefits of Note Sorting Machines
Note sorting machines offer varied benefits to banks and financial institution, which include reduced errors in sorting and counting, decreased operational expenses, decline in financial losses, and faster processing of bank procedures. These are some of the important benefits that allows bank and financial institutions to use note sorter machine.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of global note sorter market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global note sorter market share is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.
Key Market Segments
By Sorter Type
- Small-Sized Note Sorter
- Medium-Sized Note Sorter
- Large-Sized Note Sorter
By Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
By End-user
- BFSI
- Retail
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Bcash, Electronics Co.
- Cummins-Allison Corp.
- De La Rue plc
- Giesecke & Devrient GmbH
- Glory Global Solutions (International) Limited
- GRGBanking
- Julong Europe GmbH
- Kisan Electronic
- Laurel
- Toshiba Infrastructure Systems & Solutions Corporation
CHAPTER 1:INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
CHAPTER 3:MARKET LANDSCAPE
3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2019
3.5.MARKET DYNAMICS
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 impact analysis on market
3.6.1.Impact on market size
3.6.2.Consumer trends, preferences, and budget impact
3.6.3.Economic impact
3.6.4.Strategies to tackle negative impact
3.6.5.Opportunity window
CHAPTER 4:NOTE SORTER MARKET BY SORTER TYPE
4.1.OVERVIEW
4.2.SMALL SIZE SORTER
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3.MEDIUM SIZE SORTER
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
4.4.LARGE SIZE SORTER
4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country
CHAPTER 5:NOTE SORTER MARKET BY ENTERPRISE SIZE
5.1.OVERVIEW
5.2.LARGE ENTERPRISES
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country
5.3.SMALL AND MEDIUM ENTERPRISES
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country
CHAPTER 6: NOTE SORTER MARKET BY END USERS
6.1.OVERVIEW
6.2.BFSI
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country
6.3.RETAIL
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country
6.4.OTHERS
6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country
CHAPTER 7:NOTE SORTER MARKET BY REGION
7.1.OVERVIEW
7.2.NORTH AMERICA
7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by sorter type
7.2.3.Market size and forecast, by enterprise size
7.2.4.Market size and forecast, by end users
7.2.5.Market size and forecast, by Country
7.2.6.US
7.2.6.1.Market size and forecast, by sorter type
7.2.6.2.Market size and forecast, by enterprise size
7.2.6.3.Market size and forecast, by end users
7.2.7.Canada
7.2.7.1.Market size and forecast, by sorter type
7.2.7.2.Market size and forecast, by enterprise size
7.2.7.3.Market size and forecast, by end users
7.3.EUROPE
7.3.1.Key market trends and opportunities
7.3.2.Market size and forecast, by sorter type
7.3.3.Market size and forecast, by enterprise size
7.3.4.Market size and forecast, by end users
7.3.5.Market size and forecast, by Country
7.3.6.UK
7.3.6.1.Market size and forecast, by sorter type
7.3.6.2.Market size and forecast, by enterprise size
7.3.6.3.Market size and forecast, by end users
7.3.7.Germany
7.3.7.1.Market size and forecast, by sorter type
7.3.7.2.Market size and forecast, by enterprise size
7.3.7.3.Market size and forecast, by end users
7.3.8.France
7.3.8.1.Market size and forecast, by sorter type
7.3.8.2.Market size and forecast, by enterprise size
7.3.8.3.Market size and forecast, by end users
7.3.9.Italy
7.3.9.1.Market size and forecast, by sorter type
7.3.9.2.Market size and forecast, by enterprise size
7.3.9.3.Market size and forecast, by end users
7.3.10.Spain
7.3.10.1.Market size and forecast, by sorter type
7.3.10.2.Market size and forecast, by enterprise size
7.3.10.3.Market size and forecast, by end users
7.3.11.Netherlands
7.3.11.1.Market size and forecast, by sorter type
7.3.11.2.Market size and forecast, by enterprise size
7.3.11.3.Market size and forecast, by end users
7.3.12.Rest of Europe
7.3.12.1.Market size and forecast, by sorter type
7.3.12.2.Market size and forecast, by enterprise size
7.3.12.3.Market size and forecast, by end users
7.4.ASIA PACIFIC
7.4.1.Key market trends and opportunities
7.4.2.Market size and forecast, by sorter type
7.4.3.Market size and forecast, by enterprise size
7.4.4.Market size and forecast, by end users
7.4.5.Market size and forecast, by Country
7.4.6.China
7.4.6.1.Market size and forecast, by sorter type
7.4.6.2.Market size and forecast, by enterprise size
7.4.6.3.Market size and forecast, by end users
7.4.7.Japan
7.4.7.1.Market size and forecast, by sorter type
7.4.7.2.Market size and forecast, by enterprise size
7.4.7.3.Market size and forecast, by end users
7.4.8.India
7.4.8.1.Market size and forecast, by sorter type
7.4.8.2.Market size and forecast, by enterprise size
7.4.8.3.Market size and forecast, by end users
7.4.9.Australia
7.4.9.1.Market size and forecast, by sorter type
7.4.9.2.Market size and forecast, by enterprise size
7.4.9.3.Market size and forecast, by end users
7.4.10.South Korea
7.4.10.1.Market size and forecast, by sorter type
7.4.10.2.Market size and forecast, by enterprise size
7.4.10.3.Market size and forecast, by end users
7.4.11.Singapore
7.4.11.1.Market size and forecast, by sorter type
7.4.11.2.Market size and forecast, by enterprise size
7.4.11.3.Market size and forecast, by end users
7.4.12.Rest of Asia Pacific
7.4.12.1.Market size and forecast, by sorter type
7.4.12.2.Market size and forecast, by enterprise size
7.4.12.3.Market size and forecast, by end users
7.5.LAMEA
7.5.1.Key market trends and opportunities
7.5.2.Market size and forecast, by sorter type
7.5.3.Market size and forecast, by enterprise size
7.5.4.Market size and forecast, by end users
7.5.5.Market size and forecast, by Country
7.5.6.Latin America
7.5.6.1.Market size and forecast, by sorter type
7.5.6.2.Market size and forecast, by enterprise size
7.5.6.3.Market size and forecast, by end users
7.5.7.Middle East
7.5.7.1.Market size and forecast, by sorter type
7.5.7.2.Market size and forecast, by enterprise size
7.5.7.3.Market size and forecast, by end users
7.5.8.Africa
7.5.8.1.Market size and forecast, by sorter type
7.5.8.2.Market size and forecast, by enterprise size
7.5.8.3.Market size and forecast, by end users
CHAPTER 8:COMPANY PROFILES
8.1.BCASH, ELECTRONICS CO
8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments
8.2.CUMMINS-ALLISON CORP
8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.Business performance
8.2.7.Key strategic moves and developments
8.3.DE LA RUE PLC
8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Business performance
8.3.7.Key strategic moves and developments
8.4.GIESECKE AND DEVRIENT GMBH
8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Business performance
8.4.7.Key strategic moves and developments
8.5.GLORY GLOBAL SOLUTIONS LIMITED
8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance
8.5.7.Key strategic moves and developments
8.6.GRGBANKING
8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments
8.7.JULONG EUROPE GMBH
8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance
8.7.7.Key strategic moves and developments
8.8.KISAN ELECTRONICS
8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.Key strategic moves and developments
8.9.LAUREL
8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments
8.10.TOSHIBA INFRASTRUCTURE SYSTEMS AND SOLUTION CORPORATION
8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business performance
8.10.7.Key strategic moves and developments
LIST OF TABLES
TABLE 1.GLOBAL NOTE SORTER MARKET, BY SORTER TYPE 2019-2027 ($MILLION)
TABLE 2.NOTE SORTER MARKET FOR SMALL SIZE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 3.NOTE SORTER MARKET FOR MEDIUM SIZE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 4.NOTE SORTER MARKET FOR LARGE SIZE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 5.GLOBAL NOTE SORTER MARKET, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 6.NOTE SORTER MARKET FOR LARGE ENTERPRISES, BY REGION, 2019-2027 ($MILLION)
TABLE 7.NOTE SORTER MARKET FOR SMALL AND MEDIUM ENTERPRISES, BY REGION, 2019-2027 ($MILLION)
TABLE 8.NOTE SORTER MARKET FOR , BY REGION, 2019-2027 ($MILLION)
TABLE 9.GLOBAL NOTE SORTER MARKET, BY END USERS 2019-2027 ($MILLION)
TABLE 10.NOTE SORTER MARKET FOR BFSI, BY REGION, 2019-2027 ($MILLION)
TABLE 11.NOTE SORTER MARKET FOR RETAIL, BY REGION, 2019-2027 ($MILLION)
TABLE 12.NOTE SORTER MARKET FOR OTHERS, BY REGION, 2019-2027 ($MILLION)
TABLE 13.NOTE SORTER MARKET FOR , BY REGION, , 2019-2027 ($MILLION)
TABLE 14.NORTH AMERICA NOTE SORTER, BY SORTER TYPE 2019-2027 ($MILLION)
TABLE 15.NORTH AMERICA NOTE SORTER, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 16.NORTH AMERICA NOTE SORTER, BY END USERS 2019-2027 ($MILLION)
TABLE 17.NORTH AMERICA NOTE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 18.EUROPE NOTE SORTER, BY SORTER TYPE 2019-2027 ($MILLION)
TABLE 19.EUROPE NOTE SORTER, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 20.EUROPE NOTE SORTER, BY END USERS 2019-2027 ($MILLION)
TABLE 21.EUROPE NOTE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 22.ASIA PACIFIC NOTE SORTER, BY SORTER TYPE 2019-2027 ($MILLION)
TABLE 23.ASIA PACIFIC NOTE SORTER, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 24.ASIA PACIFIC NOTE SORTER, BY END USERS 2019-2027 ($MILLION)
TABLE 25.ASIA PACIFIC NOTE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 26.LAMEA NOTE SORTER, BY SORTER TYPE 2019-2027 ($MILLION)
TABLE 27.LAMEA NOTE SORTER, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 28.LAMEA NOTE SORTER, BY END USERS 2019-2027 ($MILLION)
TABLE 29.LAMEA NOTE SORTER, BY REGION, 2019-2027 ($MILLION)
TABLE 30.BCASH, ELECTRONICS CO: COMPANY SNAPSHOT
TABLE 31.BCASH, ELECTRONICS CO: OPERATING SEGMENTS
TABLE 32.CUMMINS-ALLISON CORP: COMPANY SNAPSHOT
TABLE 33.CUMMINS-ALLISON CORP: OPERATING SEGMENTS
TABLE 34.DE LA RUE PLC: COMPANY SNAPSHOT
TABLE 35.DE LA RUE PLC: OPERATING SEGMENTS
TABLE 36.GIESECKE AND DEVRIENT GMBH: COMPANY SNAPSHOT
TABLE 37.GIESECKE AND DEVRIENT GMBH: OPERATING SEGMENTS
TABLE 38.GLORY GLOBAL SOLUTIONS LIMITED: COMPANY SNAPSHOT
TABLE 39.GLORY GLOBAL SOLUTIONS LIMITED: OPERATING SEGMENTS
TABLE 40.GRGBANKING: COMPANY SNAPSHOT
TABLE 41.GRGBANKING: OPERATING SEGMENTS
TABLE 42.JULONG EUROPE GMBH: COMPANY SNAPSHOT
TABLE 43.JULONG EUROPE GMBH: OPERATING SEGMENTS
TABLE 44.KISAN ELECTRONICS: COMPANY SNAPSHOT
TABLE 45.KISAN ELECTRONICS: OPERATING SEGMENTS
TABLE 46.LAUREL : COMPANY SNAPSHOT
TABLE 47.LAUREL : OPERATING SEGMENTS
TABLE 48.TOSHIBA INFRASTRUCTURE SYSTEMS AND SOLUTION CORPORATION: COMPANY SNAPSHOT
TABLE 49.TOSHIBA INFRASTRUCTURE SYSTEMS AND SOLUTION CORPORATION: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1.GLOBAL NOTE SORTER MARKET SEGMENTATION
FIGURE 2.TOP INVESTMENT POCKET
FIGURE 3.TOP WINNING STRATEGIES (%)
FIGURE 4.NOTE SORTER MARKET FOR SMALL SIZE SORTER, 2019-2027 ($MILLION)
FIGURE 5.NOTE SORTER MARKET FOR MEDIUM SIZE SORTER, 2019-2027 ($MILLION)
FIGURE 6.NOTE SORTER MARKET FOR LARGE SIZE SORTER, 2019-2027 ($MILLION)
FIGURE 7.NOTE SORTER MARKET FOR LARGE ENTERPRISES, 2019-2027 ($MILLION)
FIGURE 8.NOTE SORTER MARKET FOR SMALL AND MEDIUM ENTERPRISES, 2019-2027 ($MILLION)
FIGURE 9.NOTE SORTER MARKET FOR , 2019-2027 ($MILLION)
FIGURE 10.NOTE SORTER MARKET FOR BFSI, 2019-2027 ($MILLION)
FIGURE 11.NOTE SORTER MARKET FOR RETAIL, 2019-2027 ($MILLION)
FIGURE 12.NOTE SORTER MARKET FOR OTHERS, 2019-2027 ($MILLION)
FIGURE 13.GLOBAL NOTE SORTER, BY REGION, 2019 (%)
FIGURE 14.US NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 15.CANADA NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 16.UK NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 17.GERMANY NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 18.FRANCE NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 19.ITALY NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 20.SPAIN NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 21.NETHERLANDS NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 22.REST OF EUROPE NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 23.CHINA NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 24.JAPAN NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 25.INDIA NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 26.AUSTRALIA NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 27.SOUTH KOREA NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 28.SINGAPORE NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 29.REST OF ASIA PACIFIC NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 30.LATIN AMERICA NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 31.MIDDLE EAST NOTE SORTER MARKET, 2019-2027 ($MILLION)
FIGURE 32.AFRICA NOTE SORTER MARKET, 2019-2027 ($MILLION)
The adoption of note sorter has increased over the time, owing to its numerous benefits such as improving operational efficiency, speeding up the money counting process, and reducing human errors. In addition, note sorter machine helps retail industry owners to count accurate amount of cash in bundles and sort the money accordingly. Furthermore, banking and insurance industries are using note sorter equipment to reduce fraudulent activities in the organization and to identify damaged and fake notes. In addition, various retail banking are adopting note sorter equipment to reduce the human efforts wasted during the processes of cash counting and sorting.
The key providers of note sorter market such as Bcash Electronics Co., GRGBanking, Kisan Electronics, Julong Europe GmbH, and Toshiba Infrastructure Systems & Solutions Corporation account for a significant share in the market. According to industry experts, the note sorter is expected to witness increased adoption in the upcoming years, owing to rise in need to handle complex cash handling procedures at a faster pace and increase in incidences of counterfeiting activities.
In addition, banks and financial institutions are the major users of note sorter. Therefore, increase in adoption of advance note sorter machine in number of small banking, fintech, and other industries in developing nations, such as China, India, Japan, and Thailand, is expected to provide lucrative opportunity for the market growth. North America is expected to dominate the market during the forecast period while emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.
Q1. At what CAGR, the Note Sorter Market will expand from 2020 - 2027?
A. The Note Sorter Market is estimated to grow at a CAGR of 7.9% from 2020 to 2027.
Q2. What will be the market value of Note Sorter Market by the end of 2027?
A. The Note Sorter Market is projected to reach $9.53 billion by 2027.
Q3. How can I get sample report of Note Sorter Market?
A. To get the latest version of sample report
Q4. Which are the factors that drives Note Sorter Market Growth?
A. Factors such as rise in demand among the developing nations to hassle-free handling of notes and increase in adoption of note sorter machine in commercial banks and retail industry drives the growth of the Note Sorter market
Q5. Who are the leading players in Note Sorter Market?
A. The key players profiled in the report include Bcash, Electronics Co., Cummins-Allison Corp., De La Rue plc, Giesecke & Devrient GmbH, Glory Global Solutions (International) Limited, GRGBanking, Julong Europe GmbH, Kisan Electronics, Laurel and Toshiba Infrastructure Systems & Solutions Corporation, and many more.
Q6. How can I get company profiles of top ten players of Note Sorter Market?
A. On the basis of top growing big corporations, we select top 10 players.
Q7. What are the segments of Note Sorter Market?
A. The Note Sorter Market is segmented on the basis of sorter type, enterprise size, end user, and region.
Q8. What are the key growth strategies of Note Sorter Market Players?
A. The key growth strategies of Note Sorter market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Q9. By Sorter Type, which segment holds a dominant position throughout the forecast period?
A. Small-sized note sorter holds a dominant position throughout the forecast period.
Q10. By End User, which segment will grow at a highest CAGR during 2020 - 2027?
A. BFSI segment will grow at a highest CAGR of 7.6% during 2020 2027.
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