Press release
Counterfeit Money Detectors Market Automatically Perform the Required Procedure to Identify the Currency
These detectors have various built-in features such as UV detection and watermark detection to check whether the currency is authentic or not.
Counterfeit money detectors help in increasing profit by reducing loss caused by counterfeit currency.
Browse Market Research Report:
http://www.transparencymarketresearch.com/counterfeit-money-detectors-market.html
Governments worldwide are trying to reduce the circulation of fake currency notes. Counterfeiting is considered as a serious crime.
To avoid the counterfeiting of currency, detectors are used by banks and other financial institutions as well as public places such as departmental stores and shopping malls where cash transactions are happening.
Increasing fraudulent activities regarding the fake currency is driving the counterfeit detectors market. Also, government rules and regulations to prevent the circulation of fake currency notes are increasing the demand for counterfeit money detectors.
Moreover, transportation industry is affected largely due to counterfeiting as the number of kiosks and vending machines at railway stations and airports are increasing at a higher rate.
However, increasing cost of detectors to include more security features could prove to be a restraining factor for counterfeit money detectors market.
Use of automated products such as point-of-sale terminals in the retail sector provides opportunities for the counterfeit detectors market.
These automated products are used for fast transactions without human intervention. Counterfeit detectors are an important part of the terminals to check whether the currency notes inserted are authentic.
Make an Enquiry:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11150
Also, various software are being launched to increase the capabilities of a counterfeit money detectors.
This new trend in the market is helping the users to avoid counterfeiting effectively by simply installing a software which would automatically perform the required procedure to identify whether the currency is authentic or not.
Counterfeit money detectors market is segmented on the basis of product, technology, end device and industry.
On the basis of product, the market is segmented into coin and currency counters, currency sorters, currency detectors, pens and others. Based on technology, the counterfeit money detectors market is segmented into ultraviolet, infrared, magnetic, watermark, microprint and other technologies.
Counterfeit money detectors are used in various industries such as retail, banking, gaming, transportation, hospitality and other industries.
End devices used in the counterfeit detectors include kiosks, gaming machines, self-checkout machines, vehicle parking machines, automatic fare collection machines and vending machines.
Moreover, on the basis of geography, the global counterfeit money detectors market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
North America is predicted to experience significant growth among all regional segments in the coming years, due to the rapid growth of gaming and retail industry.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Counterfeit Money Detectors Market Automatically Perform the Required Procedure to Identify the Currency here
News-ID: 472950 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Counterfeit
Global Portable Counterfeit Detector Market Research
As of late included point by point showcase contemplate "Global Portable Counterfeit Detector Market Research" analyzes the execution of the Portable Counterfeit Detector advertise 2018. It encases an inside and out Research of the Portable Counterfeit Detector advertise state and the focused scene all around. Global Portable Counterfeit Detector Market Research report breaks down the capability of Portable Counterfeit Detector advertise in the present and the future prospects from different…
Counterfeit Drug Detection Devices Market 2017-2021
SA-BRC announces the release of market assessment report on “Global Counterfeit Drug Detection Devices Market Assessment & Forecast: 2017-2021".
The “Global Counterfeit Drug Detection Devices Market Assessment & Forecast: 2017 - 2021”, estimates that the global counterfeit drug detection devices market was valued at US$ 904.5 Million in 2016 and is expected to reach US$ 1,368.5 Million by 2021 growing at a CAGR of 8.5%.
Large numbers of companies are currently marketing…
Global Anti-counterfeit Automobile Packaging Market Driven by Rising Consciousne …
Counterfeiting or forging is a worldwide phenomenon which not only affects the growth of industries but also affects the end-users of their products. Companies are becoming progressively conscious of the potential negative effects of counterfeit parts in their supply chain, which affect the sales revenue of the company. Besides, since the quality of the counterfeit product does not match with that of the original product, it also affects the brand…
Anti-counterfeit Beverage Packaging Market Witness Significant Growth Due to Rap …
Counterfeiting is globally affecting the beverage industry, resulting into innumerable tangible and intangible losses for the players operating in the industry. It affects the revenue of companies along with the end-users of their products. Beverages industries are continuously taking steps to fight counterfeiting in their supply chain as it seriously affects their sales revenue. Besides, lower quality of counterfeit products affects the brand image of the company and also results…
Anti-counterfeit Indsutry Analysis,Cosmetics Packaging Industry,Cosmetics Packag …
Albany, New York, December 8, 2016: A latest report on the anti-counterfeit and cosmetics packing industry has been added to the massive collection of Market Research Hub’s research report. The report is entitled as “Global Anti-counterfeit pharmaceuticals and Cosmetics Packaging Industry 2016, trends & forecast report”. It is a specialized and in-depth research report on the world's major regional market condition of packaging industry, covering key areas such as North…
Counterfeit Money Detectors Market |#Trends Markets #Governments @Counterfeit Cu …
Counterfeit money detector is a device which identifies a counterfeit banknote. Banknotes are printed with some security features to reduce counterfeiting. Counterfeit money detectors find out whether the required security features are present on the banknote or not. These detectors have various built-in features such as UV detection and watermark detection to check whether the currency is authentic or not. Counterfeit money detectors help in increasing profit by reducing loss…
