Magnetic Ink Character Recognition (MICR) Printer market Size 2018 by Top Key Players and Application with Trend and Growth by 2025 Forecasts

Magnetic Ink Character Recognition (MICR) printer is a printer using MICR technology. MICR is an acronym for Magnetic Ink Character Recognition; it refers to the formulation of toner used to print the specialized font at the bottom of checks and other negotiable documents. Over the next five years, according projects that Magnetic Ink Character Recognition (MICR) Printer will register a -5.2% CAGR in terms of revenue, reach US$ 100 million by 2023, from US$ 130 million in 2017.

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Banks use MICR technology to print information such as cheque amount, account number, bank code and cheque number. The MICR technology has advantages such as high security, low deciphering error rate and high compatibility with existing computing systems. These advantages help in expediting the processing of documents.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnetic Ink Character Recognition (MICR) Printer market by product type, application, key manufacturers and key regions.

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:

Laser MICR Printer
Inkjet MICR Printer
Segmentation by application:

Banking and Financial
Retail
Healthcare
Government
Others
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

HP (TROY)
Lexmark (Source Technologies)
Xerox
Ricoh
Canon (Oce)
IBM
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Magnetic Ink Character Recognition (MICR) Printer consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Magnetic Ink Character Recognition (MICR) Printer market by identifying its various subsegments.
Focuses on the key global Magnetic Ink Character Recognition (MICR) Printer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Magnetic Ink Character Recognition (MICR) Printer with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Magnetic Ink Character Recognition (MICR) Printer submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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