Magnetic Ink Character Recognition (MICR) Devices

Global Market Trajectory & Analytics

MCP15918

EXECUTIVE ENGAGEMENTS

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DATE

APR 2021

TABLES

204

276

EDITION

9

PRICE

USD $5450

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Magnetic Ink Character Recognition (MICR) Devices estimated at US$585.5 Million in the year 2020, is projected to reach a revised size of US$666.9 Million by 2027, growing at aCAGR of 1.9% over the period 2020-2027. MICR Printing, one of the segments analyzed in the report, is projected to record 0.9% CAGR and reach US$218.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Recognition Technology segment is readjusted to a revised 2.4% CAGR for the next 7-year period.

The Magnetic Ink Character Recognition (MICR) Devices market in the U.S. is estimated at US$159.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$119.4 Million by the year 2027 trailing a CAGR of 2.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

SELECT PLAYERS

Canon, Inc.; Epson America, Inc.; Hewlett-Packard Development Company LP; MagTek Inc.; PT Murni Solusindo Nusantara; Rosetta Technologies, Inc.; Source Technologies; TROY Group, Inc.; Uniform Industrial Corporation; Xerox Corporation

SEGMENTS

» End-Use (Banking and Finance, Government Agencies, Business Organizations) » Technology (MICR Printing, Recognition Technology)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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