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Future of Counterfeit Money Detection Market


global market is expected to reach USD 3.11 Billion by 2020, at a CAGR of 6.9% during the forecast period. – PowerPoint PPT presentation

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Title: Future of Counterfeit Money Detection Market

MarketsandMarkets Presents
Counterfeit Money Detection Market worth 3.11
Billion USD by 2020
  • According to a new market research
    report "Counterfeit Money Detection Market, by
    Product (Coin Currency Counter, Currency
    Sorter, Currency Detector, Pen), Technology
    (Ultraviolet, Infrared, Magnetic, Watermark,
    Microprint), Industry, End Device, and Geography
    - Global Forecast to 2020", the global market is
    expected to reach USD 3.11 Billion by 2020, at a
    CAGR of 6.9 during the forecast period.
  • Browse 71 market data Tables and 68 Figures
    spread through 154 Pages and in-depth TOC
    on "Counterfeit Money Detection Market - Global
    Forecast to 2020"http//www.marketsandmarkets.com
    -199201518.htmlEarly buyers will receive 10
    customization on reports.

  • Retail industry expected to lead the counterfeit
    money detection market
  • Circulation of counterfeit currency is a serious
    threat for the retail industries because retail
    stores handle a lot of hard currency transactions
    and do not always have the strong security
    measures to control the same. Therefore, this
    sector is considered as a prime target for
    counterfeiting. Many skilled criminals can
    imitate the authentic bank notes, and this is
    virtually impossible for the cashiers to note the
    differences every time only through sight and
    touch. To avoid these monetary losses in the
    business, counterfeit money detectors can be
    installed. The detector is expected to alert
    immediately so that the cashier can refuse the
    bills and prevent the circulation of counterfeit
    notes in the business.
  • Currency detectors expected to dominate
    the counterfeit money detection market segmented
    on the basis of product types
  • Currency detectors are the widely used products
    for counterfeit money detection. These are
    especially designed for detecting counterfeit
    banknotes. Counterfeit detectors are built-in
    with various technologies such as ultraviolet,
    infrared, watermark, microprint, magnetic, and
    other technologies which are able to identify
    counterfeit banknotes.

  • The APAC market expected to grow at the highest
    CAGR during the forecast period
  • The market in APAC is expected to grow at a CAGR
    of 8.4 between 2015 and 2020. Governments of
    Asian countries such as China, Japan, and
    Australia give prime importance to the security
    aspect there are numerous initiatives as well as
    various counterfeiting laws and penalties have
    been implemented in these countries to check on
    the circulation of counterfeit currency.
  • The report analyzes the market trends for each of
    the market segments and their respective growth
    rates. Apart from the market segmentation, the
    report also covers in-depth analysis such as
    Porters five forces analysis, value chain with a
    detailed process flow diagram, and market
    dynamics such as drivers, restraints,
    opportunities, and challenges for the counterfeit
    money detection market. The report also provides
    a qualitative and quantitative description of the
    segmentations considered for the market. It also
    gives a detailed view of the market across four
    geographical regions
  • The report also profiles the most promising
    players in the counterfeit money detection
    market. The key players in the 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.

About MarketsandMarkets
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