A cash recycler is a machine that handles tasks like accepting and dispensing cash. It stores money, keeps an accurate account of cash-in-hand, and automates the cash cycle. The POS banknote recycler is designed to handle cash in an organized manner with increased security and cash management benefits. In the retail industry, POS banknote recyclers are used in self-checkout terminals. The market is segmented based on offline and online distribution channel.
Technavio’s analysts forecast the global POS banknote recycler market to grow at a CAGR of 7.51% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global POS banknote recycler market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global POS Banknote Recycler Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Boston Scientific • Medtronic • Sorin • St. Jude Medical • Terumo
Other prominent vendors • Cash Phenix • CI Tech Components • Currency Tech • Innovative Technology • JCM Global • MELLON GROUP OF COMPANIES • SUZOHAPP
Market driver • Innovation in product technology • For a full, detailed list, view our report
Market challenge • Increase in adoption of cashless payment options • For a full, detailed list, view our report
Market trend • Growing self-checkout terminals market • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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