Magnetic Ink Character Recognition (MICR) Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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This report provides an analysis of the global MICR devices market for the period from 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. Data for 2015 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the MICR devices market over the forecast period. It also highlights various drivers, restraints and opportunities expected to influence the markets growth during this period. The study provides a holistic perspective on the markets growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Magnetic ink character recognition devices enables MICR readers to read and scan the information directly into a data-collection device. In addition, documents printed with MICR technology remain readable, even though over stamping, mutilation and marking. At present, the optimization of storage, readiness, bandwidth and precision of data are the latest trends in the market which is creating new opportunities for the MICR devices market. However, growing proliferation of advanced payment methodologies is expected to hinder the growth of the MICR device market in the coming years. Apart from this, high costs of the MICR readers, printers and ink toners required for printing is expected to restrict the growth of the MICR devices market around the globe.

The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of this market. The report also provides the value chain analysis and key market indicators for the MICR devices market. The MICR devices market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological and legal factors along with the current market dynamics affecting the market growth.

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Global Magnetic Ink Character Recognition (MICR) Devices Market: Segmentation
Magnetic ink character recognition devices market is bifurcated by technology and end-user. By technology, global MICR devices market is categorized into MICR printing and recognition technology. The MICR printing technology is further segmented into ribbon encoding and non-impact MICR printing. Furthermore, the recognition technology is further cross-segmented into waveform readers, matrix readers, dual magnetic reader and hybrid device. Based on end-user, global MICR devices market is categorized into banks and financial institutes, government agencies, business organizations and others such as retail, transportation and healthcare. The report covers analysis of these segments across all geographies, along with qualitative analysis for key market indicators supplementing the growth of MICR devices market during the forecast period.

Table of Content

1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Magnetic Ink Recognition Devices Market

4. Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Key Market Indicator
4.2.1. Rising demand for further optimizing the Check processing speed
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints

5. Global Magnetic Ink Recognition Devices Market Analysis and Forecasts, By Technology
5.1. Overview & Definition
5.2. Key Trends
5.3. Global Magnetic Ink Recognition Devices Market Analysis and Forecast (US$ Mn & Units) By Technology, 2015 - 2025
5.3.1. MICR Printing

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