Press release
Note Sorter Market to Garner $9.53 Billion By 2027 Bcash, Electronics Co., Cummins-Allison Corp.
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According to the report published by Allied Market Research, the global note sorter market generated $6.31 billion in 2019, and is projected to garner $9.53 billion by 2027, witnessing a CAGR of 7.9% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario.
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Covid-19 Scenario:
The banks and financial institutions were instructed to shut down their offices and individuals were not allowed to receive fund from the banks during the initial phase of lockdown.
At the same time, the government across the globe have been creating awareness to use online banking and mobile and contactless payment services for money transactions to maintain social distancing.
However, government bodies have introduced few relaxations in different regions during the post-lockdown. This is expected to proliferate the demand for these services and the market would recoup soon.
The report offers detailed segmentation of the global note sorter market based on sorter type, enterprise size, end user, and region.
By sorter type, the small sized services segment held the highest market share, accounting for around nearly half of the total share in 2019, and is projected to maintain its leadership position during the forecast period. Moreover, the medium-sized note sorter segment is projected to register the largest CAGR of 8.1% from 2020 to 2027.
By enterprise, the large enterprise segment accounted for the highest share in 2019, holding more than two-thirds of the global note sorter market, and is expected to maintain its lead in terms of revenue by 2027. Moreover, the segment is projected to portray the highest CAGR of 8.0% from 2020 to 2027.
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By region, North America contributed to the highest market share, accounting for around two-fifths of the total market share in 2019, and is expected to maintain its dominant share throughout the forecast period. However, Asia-Pacific is projected to manifest the fastest CAGR of 10.6% from 2020 to 2027.
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Leading players of the global note sorter market analyzed in the research include Glory Global Solutions (International) Limited, GRGBanking, Julong Europe GmbH, Bcash, Electronics Co., Cummins-Allison Corp., De La Rue plc, Giesecke & Devrient GmbH, Kisan Electronics, Laurel and Toshiba Infrastructure Systems & Solutions Corporation.
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
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https://www.alliedmarketresearch.com/bfsi-crisis-management-market-A11105
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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