Magnetic Ink Character Recognition Devices Market

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.
Magnetic Ink Character Recognition Devices Market contains market size and forecasts of Magnetic Ink Character Recognition (MICR) Devices in global, including the following market information:
Global Magnetic Ink Character Recognition (MICR) Devices Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Magnetic Ink Character Recognition (MICR) Devices Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Magnetic Ink Character Recognition (MICR) Devices companies in 2021 (%)
The global Magnetic Ink Character Recognition (MICR) Devices market was valued at 615.2 million in 2021 and is projected to reach US$ 687 million by 2028, at a CAGR of 1.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
MICR Printing Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Magnetic Ink Character Recognition (MICR) Devices include ACOM Solutions, Canon, Hewlett Packard Company, Epson, Murni Solusindo Nusantara, MagTek, Rosetta Technologies, Source Technologies and Troy Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Magnetic Ink Character Recognition (MICR) Devices manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Magnetic Ink Character Recognition (MICR) Devices Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Magnetic Ink Character Recognition (MICR) Devices Market Segment Percentages, by Type, 2021 (%)
MICR Printing
Recognition Technology
Global Magnetic Ink Character Recognition (MICR) Devices Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Magnetic Ink Character Recognition (MICR) Devices Market Segment Percentages, by Application, 2021 (%)
Banks and Financial Institutes
Government Agencies
Business Organizations
Others
Global Magnetic Ink Character Recognition (MICR) Devices Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Magnetic Ink Character Recognition (MICR) Devices Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Magnetic Ink Character Recognition (MICR) Devices revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Magnetic Ink Character Recognition (MICR) Devices revenues share in global market, 2021 (%)
Key companies Magnetic Ink Character Recognition (MICR) Devices sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Magnetic Ink Character Recognition (MICR) Devices sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ACOM Solutions
Canon
Hewlett Packard Company
Epson
Murni Solusindo Nusantara
MagTek
Rosetta Technologies
Source Technologies
Troy Group
Xerox
Uniform Industrial
ZIH