Middle East and Africa 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 MEA sorting cash machine market is expected to grow from US$ 111.10 million in 2021 to US$ 147.40 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
The cash sorting machines market in the MEA is driven by several advances in cash sorting machines, such as weight-based cash sorting, which allows for better use. Modern machines place a premium on efficiency, which saves time and improves a company's operating efficiency. Cash sorting machines with the appropriate security measures to prevent cash counterfeiting are being developed by market participants using next-generation technologies. Manufacturers are attempting to consolidate a better position in the market by providing these machines with dependability algorithms and cash detection systems. While security, accuracy, and efficiency remain the most critical aspects of cash sorting machines, manufacturers increasingly include configurable touchscreen displays, machine graphics, and hands-free cash handling. Manufacturers and distributors are applying sophisticated technologies to incorporate unique and top-notch security features in cash sorting machines to gain a competitive edge. The MEA sorting cash machine market is predicted to grow at a moderate rate during the forecast period, owing to various market factors, including lower cash usage and advanced security features.
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 MEA sorting cash machine market in the coming years. The market is expected to grow at a good CAGR during the forecast period.
MEA Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
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MEA Sorting Cash Machine Market Segmentation
The MEA sorting cash machine market is segmented based on type, application, and country. Based on type, the MEA sorting cash machine market is segmented into banknote sorter and coins sorter. The banknote sorter segment dominated the MEA sorting cash machine market in 2020. Based on application, the MEA sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the MEA sorting cash machine market in 2020. Based on country, the MEA sorting cash machine market is segmented into South Africa, Saudi Arabia, the UAE, and the rest of the MEA. South Africa dominated the market in 2020.
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 MEA sorting cash machine market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Sorting Cash Machine Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Sorting Cash Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Expanding Demand from Different End-Use Industries
5.1.2 Numerous Benefits Offered by Cash Sorting Machines
5.2 Market Restraints
5.2.1 Piercing of Digital Transaction Solutions
5.3 Future Trends
5.3.1 Technological Advancements in Cash Sorting Machines
5.4 Impact Analysis of Drivers and Restraints
6. Sorting Cash Machine Market – MEA Analysis
6.1 MEA Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
7. MEA Sorting Cash Machine Market – By Type
7.1 Overview
7.2 MEA Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
7.3 Bank Note Sorter
7.3.1 Overview
7.3.2 Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
7.4 Coin Sorter
7.4.1 Overview
7.4.2 Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Sorting Cash Machine Market – By Application
8.1 Overview
8.2 MEA Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
8.3 Bank
8.3.1 Overview
8.3.2 Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8.4 Super Market
8.4.1 Overview
8.4.2 Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Sorting Cash Machine Market – Country Analysis
9.1 MEA: Sorting Cash Machine Market
9.1.1 MEA: Sorting Cash Machine Market- by Key Country
9.1.1.1 South Africa: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Sorting Cash Machine Market- by Type
9.1.1.1.2 South Africa: Sorting Cash Machine Market- by Application
9.1.1.2 Saudi Arabia: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Sorting Cash Machine Market- by Type
9.1.1.2.2 Saudi Arabia: Sorting Cash Machine Market- by Application
9.1.1.3 UAE: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Sorting Cash Machine Market- by Type
9.1.1.3.2 UAE: Wind Turbine Foundation Market- by Application
9.1.1.4 Rest of MEA: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Sorting Cash Machine Market- by Type
9.1.1.4.2 Rest of MEA: Sorting Cash Machine Market- by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 De La Rue PLC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Giesecke Devrient GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 GRG Banking
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Toshiba Infrastructure Systems and Solutions Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Kisan Electronics Co Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Laurel Bank Machines Co Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. MEA Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Sorting Cash Machine Market Segmentation
Figure 2. MEA Sorting Cash Machine Market Segmentation – By Country
Figure 3. MEA Sorting Cash Machine Market Overview
Figure 4. Banknote Sorter Segment held the largest share in 2020
Figure 5. Bank Segment held the largest share in 2020
Figure 6. South Africa held the largest share in 2020
Figure 7. MEA PEST Analysis
Figure 8. MEA Sorting Cash Machine Market – Ecosystem Analysis
Figure 9. MEA Expert Opinion
Figure 10. MEA Impact Analysis of Drivers and Restraints
Figure 11. MEA Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
Figure 13. MEA Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
Figure 16. MEA Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Sorting Cash Machine Market, by Key Country – Revenue (2020) (US$ Million)
Figure 20. MEA: Sorting Cash Machine Market Revenue Share, By Key Country (2020 and 2028)
Figure 21. South Africa: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Saudi Arabia: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UAE: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of MEA: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
- De La Rue PLC
- Giesecke Devrient GmbH
- GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
- GRG Banking
- Toshiba Infrastructure Systems and Solutions Corporation
- Kisan Electronics Co Ltd
- Laurel Bank Machines Co Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA sorting cash machine market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the MEA sorting cash machine market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution