The Currency Counting Machine Market is valued at USD 230.95 million in the base year and is expected to register a CAGR of 5.42% during the forecast period to become USD 319.86 million by the next five years. The currency-counting machine can count notes much faster than a human and can handle a lot of cash simultaneously. The machine counts an entire bundle within seconds with accurate results and helps organizations save time. In addition, currency-measuring devices can be integrated with a feature that can detect counterfeit notes, driving the market during the forecast period.
The Global Currency Counting Machine Market is moderately fragmented due to the presence of many global companies, such as Billcon Corp of America, Swaggers Technologies, Crane Payment Innovations, Glory Global Solutions (International) Limited, and Guangdong Baijia Baiter Co., Ltd., among others, which have contributed to the overall market share. Currency Counting Machine Market vendors increasingly focus on delivering enhanced solutions through product innovations, collaborations, and investment in R&D to increase their market presence during the forecast period.
In March 2023, Glory Global Solutions (International) Limited, a company in cash technology solutions, announced that AEON Stores (Hong Kong) Company Limited, which operates ten departmental stores, 43 Living PLAZA by AEON and 27 Daiso Japan amongst other brands, has chosen the company's CASHINFINITY solutions of Glory Global Solutions (International) Limited for both front and back office cash automation systems, which includes the automated currency counting capabilities.
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