Product Code: TIPRE00019004
The global 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% from 2021 to 2028.
The cheque scanner market is anticipated to witness a continuous growth in the future. At present scenario, irrespective of availability of different online platforms for sending/receiving money, large proportion of enterprise depends on cheques. This aspect is creating need for cheque scanner to quickly and efficiently clear lumpsum cheques without any human error. The cheque scanner is heavily used by financial institutions, banks, and credit unions to enhance productivity and boost revenue in an automated manner.
The demand for cheque scanner is surging due to rising need to enhance operational efficiency in banks. Cheques are still considered as a primary way for sending/receiving money in various enterprises. Therefore, banks & accounting firms are installing cheque scanners at their branches to effectively manage cheques clearance. In addition, stringent rules from regulatory authorities are evolving the banking system globally, which is contributing to the market growth. Governments of countries such as the US, the UK, India, and Brazil are setting rules for making cheque process easy. Also, with ongoing wave of digital transformation of banking sector, the scope of using remote deposit capture will continue to rise in the forthcoming period. In addition, the emergence of mobile deposit services and innovative cheque scanners for standalone kiosks or virtual desktop environment would propel the adoption of cheque scanner in coming years.
U.S. Bank (US), KeyCorp (US), Savings Bank of Mendocino County (US), the Cottonport Bank (US), State Bank of India (India), ICICI Bank (India), NatWest Group (UK), Banco Bradesco (Brazil), and Banese (Brazil) are among the prominent banks across the world using cheque scanner for the effective management of cheque clearance process. For instance, the Cottonport Bank has deployed cheque scanner with an aim to reduce the overall delivery lead time.
Overall size of the cheque scanner market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the cheque scanner market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts, and key opinion leaders, specializing in the cheque scanner market. PANINI S.p.A., Epson Corp, Canon Inc., Digital Check, ARCA, MagTek, NCR Corporation, Eastman Kodak Company, RDM Corporation, and Lagona are among the key market players profiled during this market study.
Reasons to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cheque Scanner market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global Cheque Scanner market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
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