This report studies the global Cheque Scanner market status and forecast, categorizes the global Cheque Scanner market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
A Checks scanner utilizes magnetic ink character recognition (MICR) to read the data on a check. Basically, this MICR technology reads the MICR line on the check, which includes such data as the check number, bank number, and routing number.
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The technical barriers of Cheque Scanners are relatively high, resulting in few manufacturing enterprises. In the market, there are some relatively large enterprises, such as Epson, Canon, Panini, Digital Check, ARCA(CTS), Magtek etc.
Cheque Scanners have a wide range of applications. Cheque Scanners are widely used in Financial Institutions, such as banks, Insurance companies. With the development of global economy, the demand for Cheque Scanners is expected to continue increasing during the remaining years of the forecast period of 2017-2022. Cheque Scanners industry will usher in a stable growth space.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in Cheque Scanners industry will become more intense.
The global Cheque Scanner market is valued at 310 million US$ in 2017 and will reach 410 million US$ by the end of 2025, growing at a CAGR of 3.4% during 2018-2025.
The major manufacturers covered in this report
- Digital Check
- NCR Corporation
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
- North America
- Southeast Asia
- Other regions (Central & South America, Middle East & Africa)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Single-Feed Check Scanners
- Multi-Feed Check Scanners
By Application, the market can be split into
- Financial Institutions
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