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Counterfeit Money Detection Market, by Product, Technology, Industry, End Device, and Geography - Global Forecast to 2020

Counterfeit Money Detection Market: Global Forecast until 2020

  • February 2016
  • 156 pages
  • ID: 3629278
In this report:
The North American market is expected to grow from ##.## million units in 2013 to ##.## million units by 2020, at a CAGR of ##.##% between 2015 and 2020.
The counterfeit money detection market, in terms of volume, for currency detectors is expected to grow from ##.## million units in 2013 to ##.## million units by 2020, at a CAGR of ##.##% between 2015 and 2020.
The counterfeit money detection market, in terms of volume, for coin & currency counters is expected to grow from ##.## million units in 2013 to ##.## million units by 2020, at a CAGR of ##.##% between 2015 and 2020.

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The counterfeit money detection market is forecasted to reach ~$3.1B by 2020, increasing at a compound annual growth rate (CAGR) of 6.90 percent from 2015 to 2020. Different government enforcements to prevent the circulation of fake currency notes are driving the rise of the counterfeit money detection market.

The counterfeit money detection market for the transportation market is anticipated to rise at the maximal rate during the forecast period 2015-2020

Counterfeiting is considered as a risk in the transportation markets because the growing deployment of kiosks and vending machines at several transportation facilities including airports and railway stations may create chances of circulation of fake notes. This is the main driving factor for the demand of counterfeit money detectors in the transportation sector.

North America continent is forecasted to hold the biggest market share during the estimate period

North America (NA) held the biggest share of the global counterfeit money detection market in 2014. Sectors including retail and gaming are driving the rise of the said market in this zone. The sector in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period, succeeded by RoW and EU. There are numerous initiatives as well as different counterfeiting laws and penalties have been implemented in these areas to check on the circulation of counterfeit currency. Japan (JP) and China (CN) are the leading countries in the counterfeit money detection market in the Asian area. Furthermore, the growing income, high adoption of smart appliances, and increasing per capita income in these countries are likely to drive the industry in Asia-Pacific. Some of the main players in this area are Japan Cash Machine Co., Limited and Glory Ltd..

In the process of finding out and checking the market value for various segments and subsegments of the counterfeit money detection market, extensive secondary research and primary Q&A with main people have been conducted. Break-up of the profiles of primary members taking part is shown below:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 20.0 percent

- By Designation: C-Level - 20.0 percent, Director Level - 60.0 percent, and Others - 20.0 percent

- By area: North america (NA) - 50.0 percent, Europe - 33.0 percent, and APAC - 17.0 percent

The geographical segmentation in the study includes four main regions of the world: North America continent, Europe (EU), Asia-Pac, and RoW. The report also profiles main actors in the counterfeit money detection market. Some of the main players in this industry are Crane Payment Innovations, Glory Global Solutions, Japan Cash Machine Co., Limited, Cummins Allison Corp., Fraud Fighter, Cassida Corporation, and Royal Sovereign among others.

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This industry report caters to the needs of leading firms, final users, component manufacturers, and other related stakeholders in this sector. Other parties that could be benefitted from the analysis contain government bodies, consulting firms, business development executives, C-level employees, and VPs. Our industry 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 market research, together with our comprehensive review, would help to gain an edge in the sector

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