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Commercial bank expansion is likely to drive innovation in note sorter production, propelling the market over the forecast period.

The global note sorter market is expected to grow from $5.65 billion in 2022 to $6.07 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The note sorter market size is expected to grow to $7.94 billion in 2027 at a CAGR of 6.9%.

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Global Note Sorter Market Segments Include:

• By Sorter Type: Small-Sized Note Sorter, Medium-Sized Note Sorter, Large-Sized Note Sorter
• By Enterprise Size: Large Enterprises, Small and Medium Enterprises
• By End User: BFSI, Retail, Other Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global note sorter market in 2021.

Major Market Players in the note sorter market include Bcash Electronics Co. Ltd., Crane Payment Innovations Inc., De La Rue Plc., Giesecke & Devrient GmbH, Glory Global Solutions Limited, GRG Banking, Julong Europe GmbH, Kisan Electronics, Laurel Bank Machines Co. Ltd.

Technological developments are a major trend that is gaining traction in the note sorter market. To enhance their position in the note sorter industry, major players are focusing on developing innovative technological solutions. Godrej & Boyce, an India-based maker of highly designed goods and solutions, for example, launched Valumatic, a technologically advanced CIS-based cash processing machine, in January 2022. It is specially developed with 3D and colour sensor value counters to detect denominations and counterfeit currencies. It can detect denominations and fake money of up to ten different world currencies and can take an image and a serial number. It can be connected to printers to generate reports, and the software can be easily upgraded.

The Note Sorter Global Market Report 2023 provides a note sorter market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The note sorter market forecast analyzes note sorter market size, note sorter market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A note sorter is a machine that optimises the cash management process by efficiently sorting and bundling notes based on denomination. They are used to bundle, sift, and count notes or coins.

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