Press release
Sorting Success: Global Note Sorter Market Poised to Hit $14.7 Billion by 2032 with 8.4% CAGR
Note Sorter
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/4543
Increase in demand among the developing nations to hassle-free handling of notes and rise in adoption of note sorter machine in commercial banks and retail industry fuel the global note sorter market. However, high implementation and maintenance cost of note sorter hinder the market growth. Contrarily, increase in penetration of virtual currency and digital transactions and presence of highly advanced note sorter machines present new opportunities in the next few years.
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.
โก๏ธ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/4543
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.
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.
โก๏ธ๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐ @ https://www.alliedmarketresearch.com/checkout-final/18356c777c6024e7b928f5030eb4af2d?utm_source=AMR&utm_medium=research&utm_campaign=P19623
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.
โก๏ธ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐ ๐๐ง ๐ ๐ฅ๐๐ฌ๐ก ๐๐๐ฅ๐
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