The Worldwide Magnetic Ink Character Recognition (MICR) Devices Industry is Projected to Reach $613.5 Million by 2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Magnetic Ink Character Recognition (MICR) Devices: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Magnetic Ink Character Recognition (MICR) Devices estimated at US$548.1 Million in the year 2020, is projected to reach a revised size of US$613.5 Million by 2027, growing at a CAGR of 1.6% over the analysis period 2020-2027.
Recognition Technology, one of the segments analyzed in the report, is projected to record 1.8% CAGR and reach US$435.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the MICR Printing segment is readjusted to a revised 1.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $149.7 Million, While China is Forecast to Grow at 2.7% CAGR
The Magnetic Ink Character Recognition (MICR) Devices market in the U.S. is estimated at US$149.7 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$109.8 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% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Select Competitors (Total 42 Featured) –
- 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
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Magnetic Ink Character Recognition (MICR) Devices – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/3vbayu
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