Intelligent Cash Counters Witnessing Steady Adoption Owing to their Many Benefits: New Research Study for 2017 – 2021

A new report on the global intelligence cash counter industry has been added to the repository of Market Research Hub (MRH). The report is titled “Global Intelligent Cash Counter Industry 2017, Trends and Forecast Report” and offers detailed analysis on the future of cash counter industry for the period 2017-2021.

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Adoption of intelligent cash counters is growing in end-use industries as they offer better safety, ease of use, and audit compliance. These systems give users transparent and accurate information on the cash in drawer and POS. These systems also eliminate the need to count cash physically over and over again. According to the report, as awareness on the benefits of intelligent cash counter grows, more small and medium businesses are likely to adopt systems.
Across various end-use industries, there is an increasing need for automating cash processes and the operational costs associated with counting and maintaining cash. Companies are thinking of intelligent cash counters as a one-time investment that can save them the hassle and costs of tallying cash. As counting of cash is prone to human errors, intelligent cash counters are gaining traction for being accurate and effective.

Depending on the model and software, many intelligent cash counter systems can also help users in transaction-to-transaction audit trail, making compliance a seamless process. The real-time reporting process in intelligent cash counters can help in maintaining data efficiently and accurately. Real-time alerts are also helpful in informing the management of any cash-discrepancies at the right time. On account of these, factors, the adoption of intelligent cash counters is likely to witness an increase in the foreseeable future. However, high cost of initial investment, coupled with low awareness among majority of small and medium sized businesses is currently a key challenge for the intelligent cash counter industry.

The report has segmented the global intelligent cash counter market on the basis of end-users and product categories to offer a holistic and accurate analysis of the market. On the basis of product, the key segments include portable handheld detector, desktop static detector, and portable desktop detector. On the basis of end-users/applications, the key segments include electronic counters and counterfeit detection.

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A thorough and insightful analysis of the key companies operating in the global intelligent cash counter market has been offered to the readers. The information includes an overview of the company, key strategies, strengths and weaknesses, and key developments. Some of the players profiled in the report include Konyee, Semacon, AccuBANKER, De La Rue, Weirong, GLORY Global Solutions.

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