Future of Counterfeit Money Detection Market

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MarketsandMarkets Presents
Counterfeit Money Detection Market worth 3.11
Billion USD by 2020
http//www.marketsandmarkets.com/Market-Reports/co
unterfeit-money-detection-market-199201518.html
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• According to a new market research
  report "Counterfeit Money Detection Market, by
  Product (Coin Currency Counter, Currency
  Sorter, Currency Detector, Pen), Technology
  (Ultraviolet, Infrared, Magnetic, Watermark,
  Microprint), Industry, End Device, and Geography
  - Global Forecast to 2020", the global market is
  expected to reach USD 3.11 Billion by 2020, at a
  CAGR of 6.9 during the forecast period.
• Browse 71 market data Tables and 68 Figures
  spread through 154 Pages and in-depth TOC
  on "Counterfeit Money Detection Market - Global
  Forecast to 2020"http//www.marketsandmarkets.com
  /Market-Reports/counterfeit-money-detection-market
  -199201518.htmlEarly buyers will receive 10
  customization on reports.

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• Retail industry expected to lead the counterfeit
  money detection market
• Circulation of counterfeit currency is a serious
  threat for the retail industries because retail
  stores handle a lot of hard currency transactions
  and do not always have the strong security
  measures to control the same. Therefore, this
  sector is considered as a prime target for
  counterfeiting. Many skilled criminals can
  imitate the authentic bank notes, and this is
  virtually impossible for the cashiers to note the
  differences every time only through sight and
  touch. To avoid these monetary losses in the
  business, counterfeit money detectors can be
  installed. The detector is expected to alert
  immediately so that the cashier can refuse the
  bills and prevent the circulation of counterfeit
  notes in the business.
• Currency detectors expected to dominate
  the counterfeit money detection market segmented
  on the basis of product types
• Currency detectors are the widely used products
  for counterfeit money detection. These are
  especially designed for detecting counterfeit
  banknotes. Counterfeit detectors are built-in
  with various technologies such as ultraviolet,
  infrared, watermark, microprint, magnetic, and
  other technologies which are able to identify
  counterfeit banknotes.

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• The APAC market expected to grow at the highest
  CAGR during the forecast period
• The market in APAC is expected to grow at a CAGR
  of 8.4 between 2015 and 2020. Governments of
  Asian countries such as China, Japan, and
  Australia give prime importance to the security
  aspect there are numerous initiatives as well as
  various counterfeiting laws and penalties have
  been implemented in these countries to check on
  the circulation of counterfeit currency.
• The report analyzes the market trends for each of
  the market segments and their respective growth
  rates. Apart from the market segmentation, the
  report also covers in-depth analysis such as
  Porters five forces analysis, value chain with a
  detailed process flow diagram, and market
  dynamics such as drivers, restraints,
  opportunities, and challenges for the counterfeit
  money detection market. The report also provides
  a qualitative and quantitative description of the
  segmentations considered for the market. It also
  gives a detailed view of the market across four
  geographical regions
• The report also profiles the most promising
  players in the counterfeit money detection
  market. The key players in the market are Crane
  Payment Innovations (U.S.), Glory Global
  Solutions (Japan), Japan Cash Machine Co., Ltd.
  (Japan), Cummins Allison Corp. (U.S.), Fraud
  Fighter (U.S.), Cassida Corporation (U.S.), and
  Royal Sovereign (U.S.) among others.

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