Press release
Global Cheque Scanner Revenue Market Was Valued At USD 226 Million In 2017
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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https://www.globalinforesearch.com/global-cheque-scanner-market_p72039.html
Global Cheque Scanner Market: Forecast by Type / Application / Region
Market Segment by Manufacturers covers: Epson, Canon, Panini, Digital Check, ARCA(CTS), Magtek, Kodak, RDM.
Market Segment by Types covers: Single-Feed Cheque Scanner , Multi-Feed Cheque Scanner.
Market Segment by Applications be divided into: Financial Institution, Enterprise, Others.
The global Cheque Scanner sales was about 361 K Units in 2017 and is expected to be 284 K Units in 2023. The global revenue market was valued at USD 226 million in 2017 and is expected to reach USD 149 million by 2023.
The technical barriers of Cheque Scanner are relatively high; the market concentration degree is high. The key companies in Cheque Scanner market are Epson, Canon, Panini, Digital Check, ARCA(CTS), RDM and Magtek. The enterprises are concentrated in Japan, Europe and USA. North America is the largest consumption area, occupied about 60% in 2017.
According to applications, Cheque Scanner is used in Financial Institution, Enterprise and person. In 2017, Cheque Scanner for Financial Institution occupied more than 40% of total amount.
According to types, Cheque Scanner is split into Single-Feed Cheque Scanner and Multi-Feed Cheque Scanner, most manufacturers in the report can supply all size product. Multi-Feed Cheque Scanner is the largest market with the sales share of 74% in 2017.
Company mergers and acquisitions, and inter-company’s cooperation have occurred for development and growth. with the market shrinking, the competition will be more intense.
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Related Information:
United States Cheque Scanner Market 2018 Forecast to 2023
Europe Cheque Scanner Market 2018 Forecast to 2023
North America Cheque Scanner Market 2018 Forecast to 2023
Asia-Pacific Cheque Scanner Market 2018 Forecast to 2023
China Cheque Scanner Market 2018 Forecast to 2023
EMEA Cheque Scanner Market 2018 Forecast to 2023
Global Cheque Scanner Market 2018 Forecast to 2023
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