Asia Pacific Sorting Cash Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Banknote Sorter and Coins Sorter) and Application (Bank, Supermarket, and Others)

The APAC sorting cash machine market is expected to grow from US$ 392.67 million in 2021 to US$ 547.38 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.

One of the critical growth imperatives for a country's economy is digital payment. It has the potential to raise productivity and economic growth, improve transparency, increase tax revenue, broaden financial inclusion, and provide end-users with new economic options. Many countries in APAC are taking various steps and using ICT technologies to promote digital payment processes. For instance, the Government of India has initiated several initiatives to promote digital payments. Digital India, the Unified Payments Interface (UPI), and the 14444-helpline number are all driving forces behind the migration of the population to digital payments. These activities are aiding in promoting digitization and raising awareness about the benefits of new technologies.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC sorting cash machine market in the coming years. The APAC sorting cash machine market is expected to grow at a good CAGR during the forecast period.

APAC sorting cash machine market Revenue and Forecast to 2028 (US$ Million)      

APAC Sorting Cash Machine Market Segmentation     

The APAC sorting cash machine market is segmented based on type, application, and country. Based on type, the APAC sorting cash machine market is segmented into banknote sorter and coins sorter. The banknote sorter segment dominated the APAC sorting cash machine market in 2020. Based on application, the APAC sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the APAC sorting cash machine market in 2020. Based on country, the APAC sorting cash machine market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The China segment dominated the APAC sorting cash machine market in 2020.   

CUMMINS ALLISON; BCASH, ELECTRONICS CO; De La Rue PLC; Giesecke Devrient GmbH; GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED; GRG Banking; Toshiba Infrastructure Systems and Solutions Corporation; Kisan Electronics Co Ltd; and Laurel Bank Machines Co Ltd.  are among the leading companies in the APAC sorting cash machine market.

1. CUMMINS ALLISON
2. BCASH, ELECTRONICS CO
3. De La Rue PLC
4. Giesecke Devrient GmbH
5. GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
6. GRG Banking
7. Toshiba Infrastructure Systems and Solutions Corporation
8. Kisan Electronics Co Ltd
9. Laurel Bank Machines Co Ltd

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