Counterfeit Money Detection Market to Grow at a CAGR of 6.9% to 2020

The counterfeit money detection market is expected to reach USD 3.11billion by 2020, growing at a CAGR of 6.9% between 2015 and 2020.Various government enforcements to prevent the circulation of fake currency notes are driving the growth of the counterfeit money detection market.

Complete report on counterfeit money detection market spread across 154 pages, profiling 11 companies and supported with 71 tables and 68 figures is now available at:

Counterfeiting is considered as a risk in the transportation industries because the increasing deployment of kiosks and vending machines at various transportation facilities such as airports and railway stations may create chances of circulation of fake notes. This is the major driving factor for the demand of counterfeit money detectors in the transportation industry.

North America held the largest share of the overall counterfeit money detection market in 2014.Industries such as retail and gaming are driving the growth of the said market in this region. The market in APAC is expected to grow at the highest CAGR during the forecast period, followed by RoW and Europe. There are numerous initiatives as well as various counterfeiting laws and penalties have been implemented in these regions to check on the circulation of counterfeit currency. Japan and China are the leading countries in the counterfeit money detection market in the Asian region. Moreover, the rising income, high adoption of smart appliances, and rising per capita income in these countries are likely to drive the market in APAC. Some of the major players in this region are Japan Cash Machine Co., Ltd. (Japan) and Glory Ltd. (Japan).

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (20%), Director Level (60%) and others (20%) from various key organizations operating in the global counterfeit money detection market. The primary interviews were conducted worldwide covering regions such as North America (50%), Europe (33%) and APAC (17%).

The report also profiles major players in the counterfeit money detection market. Some of the major players in this 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. A discount can be asked before order a copy of Counterfeit Money Detection Market by Product (Currency Detector, Currency Sorter, & Others), Technology (Ultraviolet, Infrared, & Others), Industry (Retail, Gaming, & Others), End-Device (Kiosk & Others), and Geography – Global Forecast to 2020 research report at:

This report caters to the needs of leading companies, end users, component manufacturers, and other related stakeholders in this market. Other parties that could be benefitted from the report include government bodies, consulting firms, business development executives, C-level employees, and VPs. Our report would help to analyze new opportunities and potential revenue sources and enhance decision-making process for new business strategies. The quantitative and qualitative information in the report, along with our comprehensive analysis, would help to gain an edge in the market

On a related note, another research titled Fraud Detection and Prevention and Anti Money Laundering Market says, Along with North America and European countries, countries in APAC, MEA and Latin America have started showing positive growth in economy. The global fraud detection & prevention and anti-money laundering market is to grow from $9.62 Billion in 2014 to $21.4 Billion by 2019, at a CAGR of 17.4% from 2014 to 2019. Companies like Equifax, Inc., Intellinx, Nice Actimize, Experian, Callcredit, Easy Solutions, ACI Worldwide Inc., Transunion and Lexisnexis have been profiled in this 132 pages research report available at:

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