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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.
Scope of the Report:
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.
The worldwide market for Magnetic Ink Character Recognition (MICR) Printer is expected to grow at a CAGR of roughly -5.2% over the next five years, will reach 100 million US$ in 2024, from 130 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Magnetic Ink Character Recognition (MICR) Printer in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- HP (TROY)
- Lexmark (Source Technologies)
- Xerox
- Ricoh
- Canon (Oce)
- IBM
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Laser MICR Printer
- Inkjet MICR Printer
Market Segment by Applications, can be divided into
- Banking and Financial
- Retail
- Healthcare
- Government
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Magnetic Ink Character Recognition (MICR) Printer product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Magnetic Ink Character Recognition (MICR) Printer, with price, sales, revenue and global market share of Magnetic Ink Character Recognition (MICR) Printer in 2017 and 2018.
Chapter 3, the Magnetic Ink Character Recognition (MICR) Printer competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Magnetic Ink Character Recognition (MICR) Printer breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Magnetic Ink Character Recognition (MICR) Printer market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Magnetic Ink Character Recognition (MICR) Printer sales channel, distributors, customers, research findings and conclusion, appendix and data source.