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.
City of Industry, CA -- (SBWIRE) -- 06/08/2018 -- 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 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, Kodak, NCR Corporation and RDM.
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.
This report studies the global Cheque Scanner market status and forecast, categorizes the global Cheque Scanner market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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On the basis of product, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into
- Single-Feed Check Scanners
- Multi-Feed Check Scanners
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
- Financial Institutions
Geographically, this report studies the key regions, focuses on product sales, value, and market share and growth opportunity in these regions, covering
- United States
- Southeast Asia
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For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
- Key Stakeholders
- Cheque Scanner Manufacturers
- Cheque Scanner Distributors/Traders/Wholesalers
- Cheque Scanner Subcomponent Manufacturers
- Industry Association
- Downstream Vendors
- Available Customizations
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.