According to the latest report by IMARC Group, titled “Note Sorter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global note sorter market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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A note sorter refers to a machine that optimizes the cash management process by effectively sorting and bundling banknotes. It is convenient and provides increased efficiency, security, productivity, etc. Note sorters are widely utilized in organizations that handle large volumes of money, such as banks, casinos, theme parks, self-service kiosks, etc. Presently, several manufacturers offer upgraded, intelligent, and reliable note sorters integrated with optical inspection and image processing technology to identify fake denominations.
The shifting preferences from manual cash processing owing to the numerous product benefits, such as reduced operational expenses, minimized risk of internal theft, lower risk of error, etc., are primarily driving the note sorter market. Moreover, the escalating popularity of theme amusement parks, casinos, gambling games, etc., is further propelling the product demand for keeping track of the sales. In addition to this, the increasing focus of leading players on mergers and acquisitions (M&A) is positively influencing the market growth across the globe. Furthermore, the elevating requirement for hassle-free handling of huge cash deposits in the banking, financial services and insurance (BFSI) sector is anticipated to fuel the note sorter market in the coming years.
Note Sorter Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global note sorter market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BCASH Electronics Co. Limited
- Cummins Allison Corp. (Crane Payment Innovations Inc.)
- De La Rue plc
- Giesecke+Devrient GmbH
- Glory Ltd.
- GRG Banking
- Julong Co., Ltd.
- Kisan Electronics
- Laurel Bank Machines Co. Ltd.
- Toshiba Corporation
Key Market Segmentation:
The report has segmented the global note sorter market on the basis of sorter type, enterprise size, end user and region.
Breakup by Sorter Type:
- Small Size Note Sorter
- Medium Size Note Sorter
- Large Size Note Sorter
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by End User:
- BFSI
- Retail
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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