Cheque Scanner Market Overview & Industry Status by 2028
The cheque scanner market was valued at US$ 721.52 million in 2020 and is projected to reach US$ 1,079.55 million by 2028; it is expected to grow at a CAGR of 5.3% during the forecast period from 2021 to 2028.
The cheque scanner market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. North America dominated the market in 2020. The region has the presence of multinational companies engaged in the business of providing cheque scanner, which makes it a leading and dominant region of cheque scanner market. Digital Check, ARCA, MagTek, NCR Corporation, Eastman Kodak Company, and RDM Corporation are among the players operating in the cheque scanner market in North America.
Impact of COVID-19 Pandemic on Cheque Scanner Market
According to latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, India, Turkey, Brazil, Iran, and China are among the worst affected countries due to COVID-19 outbreak. The outbreak crisis adversely affected industries across the world and the global economy witnessed a worst hit in 2020, and showed an impact in the first quarter of 2021. The COVID-19 outbreak has created significant disruptions in the manufacturing industries as a result of lockdown measures imposed for controlling the spread of the virus. Due to temporary shutdown of manufacturing plants, the production of cheque scanner systems has also been halted. Moreover, restrictions on the people’s movement and supply chain are disrupting the development and procurement of cheque scanners. However, rising awareness of social distancing is propelling the demand for digital banking globally, which would boost the cheque scanner market in forthcoming period. Now, customers are preferring online banking platforms for performing tasks such as clearing cheques, cheque deposit & payment, and other financial activities than visiting banks. This aspect would strengthen the use of mobile deposit services and remote deposit capture technologies in the coming years.
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Published Report - Cheque Scanner Market: Strategic Insights
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Market Insights–Cheque Scanner Market
Rising Inclination Toward Remote Deposit Capture
Remote deposit capture (RDC) has gained prominence as banking authorities across the world are promoting and supporting the technology. Since the introduction of RDC, millions of desktop scanners have been deployed by the financial institutions. Remote deposit capture allows access to all funds within two to three business days; whereas the traditional deposit methods take several days to complete the task. RDC also removes geographical constraint, allowing user to deposit checques from anywhere.
Number of financial institutions are investing in RDC technology as the technology is helping their team to focus on core operation of the bank. The technology is also providing smooth operation and better management to the entire cheque clearance process. The emergence of RDC technology would boost the scope of cheque scanner market.
Type Segment Insights
Based on type, the multi-feed cheque scanner segment is expected to lead the global cheque scanner market during the forecast period. These types of cheque scanners are beneficial for business that has constant flow of check processing. A stack of cheques is easily inserted into multi-feed scanner through input area, and the scanner does its processing accurately.
Application Segment Insights
Based on application, the banks segment is anticipated to lead the global cheque scanner market during the forecast period. Banks process and clear many cheques on daily basis, therefore they are deploying scanners at various branches to reduce the overall time taken for cheque clearance as well as to follow the government guidelines promoting digital cheque process
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2020, Kodak formed alliance with Southern Lithoplate Inc. (SLP). In this alliance, Southern Lithoplate became a key supplier of Kodak solutions. This arrangement leverages Southern Lithoplate’s strong customer relationships and expertise within the newspaper sector and Kodak’s world-class products and technology.
- In 2019, Digital Check declared Micro Adaptive Cheque and Full-Page Document Scanner in Brazil. The SmartSource Micro Adaptive cheque and document scanner launched to the Brazilian market, at the CIAB FEBRABAN conference.
- In 2019, Panini announced its partnership with the Alogent Corp. With this partnership, the company’s focus on developing the first operating system agnostic, all-in-one check capture solution used to meet the branch capture requirement of financial institutions and small businesses and merchants.
Cheque Scanner Market Report Scope
The global cheque scanner market has been segmented as follows:
Cheque Scanner Market – by Type
- Single-Feed Cheque scanner
- Multi-Feed Cheque scanner
Cheque Scanner Market – by Application
- Banks
- Enterprises and Financial Institutions
Cheque Scanner Market – by Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Cheque Scanner Market – Companies Profiles
- PANINI S.p.A.
- Epson Corp
- Canon Inc.
- Digital Check
- ARCA
- MagTek
- NCR Corporation
- Eastman Kodak Company
- RDM Corporation
- Lagona
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The multi-feed scanner segment led the cheque scanner market with a market in 2020. Multi-feed scanner and batch-feed scanner is fast and have unique storage options. These types of check-scanners are beneficial for business that has constant flow of check processing. A stack of cheques can be easily inserted into multi-feed scanner through input area, and it will do its processing accurately. These scanners are larger than single-feed scanner with the capability of scanning 50–200 documents per minute. Digital Check (TS240), Panini SpA (Vision X), and Epson (CaptureOne) are among the players offering multi-feed scanners.
Rising need to achieve efficiency and push from regulatory authority is driving the cheque scanner market. To effectively manage the operation of cheques clearance, the institutions are deploying cheque scanners at their branches. Cheque scanner increases the overall productivity by allowing the banks to automatically process cheques.
Vendors operating in the market need to continuously innovate and bring a comprehensive solution. This can be achieved by increasing investments in research and development (R&D) and mergers and acquisitions (M&A). With M&A, vendors can extend their offerings across the value chain and enhance their technological capabilities.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cheque Scanner Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Cheque Scanner Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Need to Achieve Operation Efficiency
5.1.2 Push from Regulatory Authorities
5.2 Market Restraints
5.2.1 Cost Associated with Cheque Scanner
5.3 Market Opportunities
5.3.1 Opportunity for Continuous Innovations
5.4 Market Trend
5.4.1 Trend Towards Remote Deposit Capture (RDC)
5.5 Impact Analysis of Drivers and Restraints
6. Cheque Scanner Market – Global Analysis
6.1 Cheque Scanner Market Global Overview
6.2 Cheque Scanner Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Cheque Scanner Market Analysis – By Product
7.1 Overview
7.2 Cheque Scanner Market, By Product (2020 and 2028)
7.3 Single-Feed Scanner
7.3.1 Overview
7.3.2 Single-Feed Scanner Market Forecast and Analysis
7.4 Multi-Feed Scanner
7.4.1 Overview
7.4.2 Multi-Feed Scanner: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
8. Cheque Scanner Market Analysis – By Application
8.1 Overview
8.2 Global Cheque Scanner Market Breakdown, By Application, 2020 & 2028 (%)
8.3 Banks
8.3.1 Overview
8.3.2 Banks: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Enterprises and Financial Institutions
8.4.1 Overview
8.4.2 Enterprises and Financial Institutions: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9. Check Scanner Market – Geographic Analysis
9.1 Overview
9.2 North America: Check Scanner Market
9.2.1 North America: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Check Scanner Market- By Type
9.2.3 North America: Cheque Scanner Market- By Application
9.2.4 North America: Cheque Scanner Market- by Key Country
9.2.4.1 US: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Check Scanner Market- By Type
9.2.4.1.2 US: Cheque Scanner Market- By Application
9.2.4.2 Canada: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Check Scanner Market- By Type
9.2.4.2.2 Canada: Cheque Scanner Market- By Application
9.2.4.3 Mexico: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Check Scanner Market- By Type
9.2.4.3.2 Mexico: Cheque Scanner Market- By Application
9.3 Europe: Cheque Scanner Market
9.3.1 Europe: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Check Scanner Market- By Type
9.3.3 Europe: Cheque Scanner Market- By Application
9.3.4 Europe: Cheque Scanner Market- by Key Country
9.3.4.1 Germany: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Check Scanner Market- By Type
9.3.4.1.2 Germany: Cheque Scanner Market- By Application
9.3.4.2 France: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Check Scanner Market- By Type
9.3.4.2.2 France: Cheque Scanner Market- By Application
9.3.4.3 Italy: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Check Scanner Market- By Type
9.3.4.3.2 Italy: Cheque Scanner Market- By Application
9.3.4.4 UK: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Check Scanner Market- By Type
9.3.4.4.2 UK: Cheque Scanner Market- By Application
9.3.4.5 Russia: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Check Scanner Market- By Type
9.3.4.5.2 Russia: Cheque Scanner Market- By Application
9.3.4.6 Rest of Europe: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Check Scanner Market- By Type
9.3.4.6.2 Rest of Europe: Cheque Scanner Market- By Application
9.4 APAC: Cheque Scanner Market
9.4.1 APAC: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Check Scanner Market- By Type
9.4.3 APAC: Cheque Scanner Market- By Application
9.4.4 APAC: Cheque Scanner Market- by Key Country
9.4.4.1 Australia: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Check Scanner Market- By Type
9.4.4.1.2 Australia: Cheque Scanner Market- By Application
9.4.4.2 China: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Check Scanner Market- By Type
9.4.4.2.2 China: Cheque Scanner Market- By Application
9.4.4.3 India: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Check Scanner Market- By Type
9.4.4.3.2 India: Cheque Scanner Market- By Application
9.4.4.4 Japan: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Check Scanner Market- By Type
9.4.4.4.2 Japan: Cheque Scanner Market- By Application
9.4.4.5 South Korea: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Check Scanner Market- By Type
9.4.4.5.2 South Korea: Cheque Scanner Market- By Application
9.4.4.6 Rest of APAC: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Check Scanner Market- By Type
9.4.4.6.2 Rest of APAC: Cheque Scanner Market- By Application
9.5 MEA: Cheque Scanner Market
9.5.1 MEA: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Cheque Scanner Market- by Type
9.5.3 MEA: Cheque Scanner Market- By Application
9.5.4 MEA: Cheque Scanner Market- by Key Country
9.5.4.1 South Africa: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Cheque Scanner Market- by Type
9.5.4.1.2 South Africa: Cheque Scanner Market- By Application
9.5.4.2 Saudi Arabia: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Cheque Scanner Market- by Type
9.5.4.2.2 Saudi Arabia: Cheque Scanner Market- By Application
9.5.4.3 UAE: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Cheque Scanner Market- by Type
9.5.4.3.2 UAE: Cheque Scanner Market- By Application
9.5.4.4 Rest of MEA: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Cheque Scanner Market- by Type
9.5.4.4.2 Rest of MEA: Cheque Scanner Market- By Application
9.6 SAM: Cheque Scanner Market
9.6.1 SAM: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Cheque Scanner Market- by Type
9.6.3 SAM: Cheque Scanner Market- By Application
9.6.4 SAM: Cheque Scanner Market- by Key Country
9.6.4.1 Brazil: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Cheque Scanner Market- by Type
9.6.4.1.2 Brazil: Cheque Scanner Market- By Application
9.6.4.2 Argentina: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Cheque Scanner Market- by Type
9.6.4.2.2 Argentina: Cheque Scanner Market- By Application
9.6.4.3 Chile: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Chile: Cheque Scanner Market- by Type
9.6.4.3.2 Chile: Cheque Scanner Market- By Application
9.6.4.4 Rest of SAM: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.4.1 Rest of SAM: Cheque Scanner Market- by Type
9.6.4.4.2 Rest of SAM: Cheque Scanner Market- By Application
10. Cheque Scanner Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Global Cheque Scanner Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 PANINI S.p.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EPSON
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Canon Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 DIGITAL CHECK
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ARCA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MagTek Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NCR Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Eastman Kodak Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 RDM Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Iagona
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Cheque Scanner Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: Check Scanner Market- By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Cheque Scanner Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: Check Scanner Market- By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Cheque Scanner Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. France: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC: Check Scanner Market- By Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC: Cheque Scanner Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)\
Table 28. China: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 30. India: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 31. India: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: Check Scanner Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA: Cheque Scanner Market- by Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA: Cheque Scanner Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: Cheque Scanner Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: Cheque Scanner Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: Cheque Scanner Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: Cheque Scanner Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 48. SAM: Cheque Scanner Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM: Cheque Scanner Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: Cheque Scanner Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina: Cheque Scanner Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 54. Chile: Cheque Scanner Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 55. Chile: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of SAM: Cheque Scanner Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of SAM: Cheque Scanner Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 58. List of Abbreviation
LIST OF FIGURES
Figure 1. Cheque Scanner Market Segmentation
Figure 2. Cheque Scanner Market Segmentation – By Geography
Figure 3. Global Cheque Scanner Market Overview
Figure 4. Multi-Feed Scanner Segment is Expected to Dominate the Market by Type
Figure 5. Banks Segment held Largest Market Share in 2020
Figure 6. North America held Largest Market Share in 2020
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia-Pacific – PEST Analysis
Figure 10. Middle East and Africa – PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Expert Opinion
Figure 13. Cheque Scanner Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Cheque Scanner Market
Figure 15. Global Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Cheque Scanner Market Revenue Share, by Product (2020 and 2028)
Figure 17. Single-Feed Scanner: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Multi-Feed Scanner Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Cheque Scanner Market Revenue Share, by Application (2020 and 2028)
Figure 20. Banks: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Enterprises and Financial Institutions: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Check Scanner Market Revenue Share, By Region (2020 and 2028)
Figure 23. North America: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Check Scanner Market Revenue Share, By Type (2020 and 2028)
Figure 25. North America: Check Scanner Market Revenue Share, By Application (2020 and 2028)
Figure 26. North America: Check Scanner Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Check Scanner Market Revenue Share, By Type (2020 and 2028)
Figure 32. Europe: Check Scanner Market Revenue Share, By Application (2020 and 2028)
Figure 33. Europe: Check Scanner Market Revenue Share, By Key Country (2020 and 2028)
Figure 34. Germany: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. France: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Italy: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. UK: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Russia: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Europe: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. APAC: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. APAC: Check Scanner Market Revenue Share, By Type (2020 and 2028)
Figure 42. APAC: Check Scanner Market Revenue Share, By Application (2020 and 2028)
Figure 43. APAC: Check Scanner Market Revenue Share, By Key Country (2020 and 2028)
Figure 44. Australia: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. China: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. India: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Japan: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. South Korea: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of APAC: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. MEA: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. MEA: Cheque Scanner Market Revenue Share, By Type (2020 and 2028)
Figure 52. MEA: Cheque Scanner Market Revenue Share, By Application (2020 and 2028)
Figure 53. MEA: Cheque Scanner Market Revenue Share, By Key Country (2020 and 2028)
Figure 54. South Africa: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Saudi Arabia: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. UAE: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of MEA: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. SAM: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. SAM: Cheque Scanner Market Revenue Share, By Type (2020 and 2028)
Figure 60. SAM: Cheque Scanner Market Revenue Share, By Application (2020 and 2028)
Figure 61. SAM: Cheque Scanner Market Revenue Share, By Key Country (2020 and 2028)
Figure 62. Brazil: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Argentina: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Chile: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of SAM: Cheque Scanner Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic in North American Country Markets
Figure 67. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 68. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 70. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Cheque Scanner Market
- PANINI S.p.A.
- Epson Corp
- Canon Inc.
- Digital Check
- ARCA
- MagTek
- NCR Corporation
- Eastman Kodak Company
- RDM Corporation
- Lagona
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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