Magnetic Ink Character Recognition (MICR) Devices Market: Demand for Secure and Efficient Checks Makes MICR Printing Technology Dominant
MICR printing and recognition technology are the two main types of technologies employed in the global magnetic ink character recognition (MICR) devices market. The recognition technology accounted for over 60.0% share in the market in 2016 because of the growing demand for secure and efficient check and financial document processing across the industries.
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