Counterfeit Money Detection Market Size, Share, Manufacturers, Statistics, and Opportunities Forecast to 2020. The global Counterfeit Money Detection market is estimated to grow at a CAGR of 6.9% between 2017 and 2020. Counterfeit Money Detection Market Research Report 2017 of 125 pages explores Global Counterfeit Money Detection Market reaching $3.11billion by 2020. Report provides
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Counterfeit Money Detection Company analysed in report are North America, Europe, APAC, and RoW. The report also profiles major players in the counterfeit money detection market.
Some of the major players in this market are Crane Payment Innovations (U.S.), Glory Global Solutions (Japan), Japan Cash Machine Co., Ltd. (Japan), Cummins Allison Corp. (U.S.), Fraud Fighter (U.S.), Cassida Corporation (U.S.), and Royal Sovereign (U.S.) among others.
“The Counterfeit Money Detection market is estimated to witness significant growth between 2017 and 2020”
Key factors driving the growth of the Counterfeit Money Detection Market include various government enforcements to prevent the circulation of fake currency notes.
Counterfeiting is considered as a risk in the transportation industries because the increasing deployment of kiosks and vending machines at various transportation facilities such as airports and railway stations may create chances of circulation of fake notes. This is the major driving factor for the demand of counterfeit money detectors in the transportation industry.
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North America is expected to hold the largest market share during the forecast period
North America held the largest share of the overall counterfeit money detection market in 2014.Industries such as retail and gaming are driving the growth of the said market in this region. The market in APAC is expected to grow at the highest CAGR during the forecast period, followed by RoW and Europe.
There are numerous initiatives as well as various counterfeiting laws and penalties have been implemented in these regions to check on the circulation of counterfeit currency. Japan and China are the leading countries in the counterfeit money detection market in the Asian region.
Moreover, the rising income, high adoption of smart appliances, and rising per capita income in these countries are likely to drive the market in APAC. Some of the major players in this region are Japan Cash Machine Co., Ltd. (Japan) and Glory Ltd. (Japan).
In the process of determining and verifying the market size for several segments and sub segments of the counterfeit money detection market, extensive secondary research and primary interviews with key people have been conducted.
Break-up of profile of primary participants for the report as given below:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-Level – 20%, Director Level – 60%, and Others – 20%
- By Region: North America – 50%, Europe – 33%, and APAC – 17%
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This report caters to the needs of leading companies, end users, component manufacturers, and other related stakeholders in this market. Other parties that could be benefitted from the report include government bodies, consulting firms, business development executives, C-level employees, and VPs.
Our report would help to analyze new opportunities and potential revenue sources and enhance decision-making process for new business strategies. The quantitative and qualitative information in the report, along with our comprehensive analysis, would help to gain an edge in the market