Sorting cash machines are used in various cash-intensive enterprises and financial institutions, such as retail stores, casinos, commercial banks, and other spaces. Some innovations in cash sorting machines, like weight-based cash sorting, are facilitating their implementation at an advanced level. This factor is contributing towards the growth of the sorting cash machine market. Besides, above-mentioned factors, the improvement in living standards, advancements in product technologies, and untapped market opportunities in emerging economies are some factors anticipated to boost the cash sorter machine market in the near future. There are more behavioral benefits of utilizing this machine, like fewer errors in sorting and counting with lower operational costs, fewer financial losses, and fewer internal risks resulting from counting and sorting. However, the rising prevalence of digital payments and payment wallets in general stores is limiting the penetration of sorting cash machines in retail outlets, banks and thus could hamper the market growth.
Cummins Allison (Crane Payment Innovations (CPI)), De La Rue plc, Giesecke+Devrient GmbH, Glory Global Solutions (International) Limited, and Toshiba Infrastructure Systems and Solutions Corporation – Prominent Market Participants in Sorting Cash Machine Market
The top five companies in the market are Cummins Allison (Crane Payment Innovations (CPI)), De La Rue plc, Giesecke+Devrient GmbH, Glory Global Solutions (International) Limited, and Toshiba Infrastructure Systems and Solutions Corporation. The above listing of key players is derived by considering multiple factors such as overall revenue, current sorting cash machine market portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | GLORY Partners with FTPS to Resell FTPS Red Carpet Software to Provide Cash Automation for Retailers and Convenience Stores | North America |
| 2021 | CPI and Fintaris Payment Solutions announce their partnership to enable cash automation across the Middle East. The expansion of Paypod pay stations gives the region’s businesses the ability to offer an improved customer experience. | Middle East |
| 2019 | BCASH ELECTRNIC adapted a top loading counter G2 for West Africa CFA notes with customized counterfeit detection system, | Africa |
