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Nov 13, 2019 8:02 AM ET

Global Security Printing Market 2019 Study, Competitive Strategies, Key Manufacturers, New Project Investment and Forecast 2023

Global Security Printing Market 2019 Study, Competitive Strategies, Key Manufacturers, New Project Investment and Forecast 2023

iCrowd Newswire - Nov 13, 2019

The “Security Printing Market” 2019 is splits into the presence of numerous worldwide and domestic vendors. The level of competition among the players in this marketspace is concentrate especially in terms of value, quality, regulatory acquiescence, and innovation.

To reach a competitive advantage over the other players, the vendors are focusing on Research and Development activities. Furthermore, they are also adopting competitive strategies such as product portfolio expansions and cost reduction to establish their market presence.

Security Printing market is giving the major share of 4.35% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than over 5% during forecast period 2019-2023.

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About this market

In 2018, the banking and financial sector segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing number of ATMs will play a significant role in the banking and financial sector segment to maintain its market position. Also, our global security printing market report looks at factors such as the countermeasures against forgery and counterfeiting practices, rise in need for brand protection, and growing in international tourism. However, transition toward cashless economy, digitization of identification cards, and strict certification related to security paper may hamper the growth of the security printing industry over the forecast period.

the report comprises of various company profiles of fundamental market players of Security Printing market with thorough market segment in terms of different countries, this report divides the market into a few key countries, with sales (consumption), revenue, market share, and growth rate of the market in these countries over the forecast period 2023.

Regions of Security Printing market

Dynamics of Security Printing MarketMarket Driver: growth in international tourismMarket Trend: rise in financial inclusionMarket Challenge: digitization of identification cardsGrowth in international tourismThe tourism sector is witnessing growth due to factors such as growth of budget airlines and increase in the number of air travelers around the globe. Also, source markets are diversifying with the continual improvement in air connectivity in many destinations. Consequently, the demand for passports and visas to avoid identity-related frauds is increasing. This is leading to extensive security printing involving proof certificates to prevent terrorist activities and maintain integrity and security of national and international borders. The rising need for security printing will lead to the expansion of the global security printing market at a CAGR of over 5% during the forecast period.Rise in financial inclusionThe governments around the world are focusing on serving the unbanked population by ensuring financial inclusion. The use of bank accounts is increasing in countries such as Thailand, Kenya, China, and India, which is driving the demand for demand drafts, pay orders, and checks. In addition, the circulation of cash is increasing in the economy with the growing focus of governments in opening new ATMs even in far-flung areas. Such initiatives will promote security printing and is expected to have a positive impact on the overall market growth.

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PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT•2.1 Preface•2.2 Preface•2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPE•Market ecosystem•Market characteristics•Market segmentation analysisPART 04: MARKET SIZING•Market definition•Market sizing 2018•Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSIS•Bargaining power of buyers•Bargaining power of suppliers•Threat of new entrants•Threat of substitutes•Threat of rivalry•Market conditionPART 06: MARKET SEGMENTATION BY END-USER•Market segmentation by end-user•Comparison by end-user•Banking and Financial sector – Market size and forecast 2018-2023•Government sector – Market size and forecast 2018-2023•Others – Market size and forecast 2018-2023•Market opportunity by end-userPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPE•Geographic segmentation•Geographic comparison•APAC – Market size and forecast 2018-2023•North America – Market size and forecast 2018-2023•Europe – Market size and forecast 2018-2023•MEA – Market size and forecast 2018-2023•South America – Market size and forecast 2018-2023•Key leading countries•Market opportunityPART 09: DRIVERS AND CHALLENGES•Market drivers•Market challengesPART 10: MARKET TRENDS•Use of durable solutions for printing currencies•Rise in financial inclusion•Development of various security printing methodsPART 11: VENDOR LANDSCAPE•Overview•Landscape disruption•Competitive scenarioPART 12: VENDOR ANALYSIS•Vendors covered•Vendor classification•Market positioning of vendors•ANY Security Printing Co. Plc•De La Rue Plc•DREWSEN SPEZIALPAPIERE GmbH and Co. KG•Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda•Giesecke+Devrient Currency Technology GmbH•Goznak JSC•Madras Security Printers Pvt. Ltd.•Orell Füssli Holding AG•Security Paper Ltd.•Security Printing and Minting Corporation of India Ltd.PART 13: APPENDIX•Research methodology•List of abbreviations•Definition of market positioning of vendors

No. of Pages: – 151

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