Global Magnetic Ink Character Recognition (MICR) Printer Market 2021 - MarkNtel Advisors

Global Magnetic Ink
Character Recognition
(MICR) Printer Market
Analysis, 2020

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 2
Document Outline
Sample Pages
Global Magnetic Ink Character Recognition (MICR) Printer Market Analysis, 2020
17
Research Process & Methodology
Key questions answered in the report, Research process, Primary Research, Secondary Research,
Respondent Profile
24
Table of Content
Market Segmentation, Scope of Work
02
Commercials 52
Company Profile
About the company, Sectors catered
54
Contact Details 56

Market Segmentation
• HP
• Lexmark
• Xerox
• Ricoh
• Canon
• IBM
• Fuji
• Lenovo
• Delphax Technologies Inc.
• Relyco
• Others
Global Magnetic Ink Character Recognition (MICR) Printer Market
• Banking and Financial
• Retail
• Healthcare
• Government
• Others
By Company By Application By Region
• North America
o The US
o Canada
o Mexico
• South America
o Brazil
o Rest of South
America
• Europe
o Germany
o France
o The UK
o Italy
o Scandinavia
o Russia
o Rest of Europe
• Middle East & Africa
o GCC
o Rest of Middle East
& Africa
• Asia-Pacific
o China
o Japan
o South Korea
o India
o Singapore
o Rest of Asia-Pacific
• Laser MICR Printer
• Inkjet MICR Printer
By Type

Table of Content (1/13)
Historical Year: 2016-19
Base Year: 2020
Forecast Year: 2021-26
Table of Content
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface
3. Executive Summary
4. Global Magnetic Ink Character Recognition (MICR) Market Overview
5. Impact of COVID-19 on Global Magnetic Ink Character Recognition (MICR) Market
6. Global Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
6.1. Market Size & Analysis
6.1.1. Units Sold
6.1.2. Revenues
6.2. Market Share & Analysis
6.2.1. By Type
6.2.1.1. Laser MICR Printer
6.2.1.2. Inkjet MICR Printer
6.2.2. By Application
6.2.2.1. Banking and Financial
6.2.2.2. Retail

Base Year: 2020
Table of Content
6.2.2.3. Healthcare
6.2.2.4. Government
6.2.2.5. Others
6.2.3. By Region
6.2.3.1. North America
6.2.3.2. South America
6.2.3.3. Europe
6.2.3.4. Middle East & Africa
6.2.3.5. Asia-Pacific
6.2.4. By Competitors
6.2.4.1. Competition Characteristics
6.2.4.2. Market Share & Analysis
6.2.4.3. Competitive Metrix
7. North America Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
7.1.1. Units Sold
7.1.2. Revenues
7.2.1. By Type

Base Year: 2020
Table of Content
7.2.3. By End-User
7.2.4. By Country
7.2.4.1. The US
7.2.4.2. Canada
7.2.4.3. Mexico
7.3. The US Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
7.3.1. Market Size & Analysis
7.3.1.1. Units Sold
7.3.1.2. Revenues
7.3.2. Market Share & Analysis
7.3.2.1. By Type
7.3.2.2. By Application
7.4. Canada Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
7.4.1.1. Units Sold
7.4.1.2. Revenues
7.4.2.1. By Type
7.5. Mexico Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F

Base Year: 2020
Table of Content
7.5.1.1. Units Sold
7.5.1.2. Revenues
7.5.2.1. By Type
8. South America Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
8.1.1. Units Sold
8.1.2. Revenues
8.2.1. By Type
8.2.3. By End User
8.2.4. By Country
8.2.4.1. Brazil
8.2.4.2. Others
8.3. Brazil Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
8.3.1.1. Units Sold

Base Year: 2020
Table of Content
8.3.1.2. Revenues
8.3.2.1. By Type
9. Europe Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
9.1.1. Units Sold
9.1.2. Revenues
9.2.1. By Type
9.2.3. By End User
9.2.4. By Country
9.2.4.1. Germany
9.2.4.2. The UK
9.2.4.3. France
9.2.4.4. Italy
9.2.4.5. Spain
9.2.4.6. Others
9.3. Germany Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F

Base Year: 2020
Table of Content
9.3.1.1. Units Sold
9.3.1.2. Revenues
9.3.2.1. By Type
9.4. The UK Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
9.4.1.1. Units Sold
9.4.1.2. Revenues
9.4.2.1. By Type
9.5. France Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
9.5.1.1. Units Sold
9.5.1.2. Revenues
9.5.2.1. By Type

Base Year: 2020
Table of Content
9.6. Italy Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
9.6.1.1. Units Sold
9.6.1.2. Revenues
9.6.2.1. By Type
9.7. Spain Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
9.7.1.1. Units Sold
9.7.1.2. Revenues
9.7.2.1. By Type
10. Middle East & Africa Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
10.1.1. Units Sold
10.1.2. Revenues
10.2.1. By Type

Base Year: 2020
Table of Content
10.2.3. By End User
10.2.4. By Country
10.2.4.1. UAE
10.2.4.2. Saudi Arabia
10.2.4.3. South Africa
10.2.4.4. Others
10.3. UAE Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
10.3.1.1. Units Sold
10.3.1.2. Revenues
10.3.2.1. By Type
10.4. Saudi Arabia Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
10.4.1.2. Revenues
10.4.2.1. By Type

Base Year: 2020
Table of Content
10.5. South Africa Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
10.5.1.2. Revenues
10.5.2.1. By Type
11. Asia-Pacific Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
11.1.1. Units Sold
11.1.2. Revenues
11.2.1. By Type
11.2.3. By End User
11.2.4. By Country
11.2.4.1. China
11.2.4.2. India
11.2.4.3. Japan

Base Year: 2020
Table of Content
11.2.4.4. South Korea
11.2.4.5. Australia
11.2.4.6. Others
11.3. China Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
11.3.1.2. Revenues
11.3.2.1. By Type
11.4. India Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
11.4.1.2. Revenues
11.4.2.1. By Type
11.5. Japan Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F

Base Year: 2020
Table of Content
11.5.1.2. Revenues
11.5.2.1. By Type
11.6. South Korea Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
11.6.1.2. Revenues
11.6.2.1. By Type
11.7. Australia Magnetic Ink Character Recognition (MICR) Market Outlook, 2016-2026F
11.7.1.2. Revenues
11.7.2.1. By Type
12. Global Magnetic Ink Character Recognition (MICR) Market Regulations, Policies
13. Global Magnetic Ink Character Recognition (MICR) Market Intellectual Property Rights Analysis

Base Year: 2020
Table of Content
14. Global Magnetic Ink Character Recognition (MICR) Market Trends & Insights
15. Global Magnetic Ink Character Recognition (MICR) Market Dynamics
15.1.1. Drivers
15.1.2. Challenges
15.1.3. Impact Analysis
16. Global Magnetic Ink Character Recognition (MICR) Market Hotspot & Opportunities
17. Global Magnetic Ink Character Recognition (MICR) Market, Competition Outlook
17.1. Competition Matrix
17.1.1. Target Markets
17.1.2. Target Applications
17.1.3. Research & Development
17.1.4. Collaborations & Strategic Alliances
17.1.5. Key Business Expansion Initiatives
17.1.6. Business Restructuring- Mergers, Acquisitions, JVs
17.1.7. Strategic Initiatives
17.2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
17.2.1. HP
17.2.2. Lexmark
17.2.3. Xerox Fuji
17.2.4. Ricoh

Base Year: 2020
Table of Content
17.2.5. Canon
17.2.6. IBM
17.2.7. Brother
17.2.8. Lenovo
17.2.9. Delphax Technologies Inc.
17.2.10. Relyco
18. Disclaimer

Document Outline
Sample Pages
17
Respondent Profile
24
Table of Content
02
Commercials 52
Company Profile
Introduction, Corporate Presentation
54
Contact Details 56

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.
Global Magnetic Ink Character Recognition (MICR) Printer Market
Outlook, 2016-2026F

Global Magnetic Ink Character Recognition (MICR) Printer Market Analysis, 2016-2026F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Figure XX: Global Magnetic Ink Character Recognition (MICR) Printer Market, By Revenues, By Units Sold 2016- 2026F
• The global Magnetic Ink Character Recognition (MICR) Printer market is expected to generate revenues of USDX billion in 2020 and are
projected to reach USD billion by 2026, at a CAGR of X%. Owing to the continuous change in the fashion industry, textile manufacturers are
shifting their focus from analog printing to digital printing, as digital printing offers various benefits such as cost savings, eco-friendliness,
etc., therefore proliferating the demand for printers. There has been accentuated the demand for large-format printers for producing large
banners, posters, and signs for the advertising sector which would also contribute to the growth of magnetic ink character recognition
(MICR) printers across the globe during the 2020-26 period.
• The leading companies in MICR priners, with their presence all over the world are HP, Fuji, Canon, Lenovo, etc., providing laser and inkjet
Market at a Glance
2016 2017 2018 2019 2020 2021F 2022F 2023F 2024F 2025F 2026F
CAGR
CAGR
Revenue: XX%
Units Sold: XX%
Revenue: XX%
Units Sold: XX%
Figures & Charts not meant for scaling

Global Magnetic Ink Character Recognition (MICR) Printer Market, By Type (1/4)
Market Size, By Type (USD Million)
Source: MarkNtel Advisors
• The printing industry is witnessing a slow growth in recent years owing to the popularity gained by the inkjet printers’ diverse
capabilities of sheetfed, toner-based digital XXXX, and XXX. The demand for inkjet printers is gaining momentum in developing economies
such as China and India for their usage in residential and commercial applications. Also, HP's PageWide and Epson's WorkForce lines
printer has grabbed a major market share in recent years. In 2020, Epson launched three new integrated EcoTank printers at a starting
price of USD750 per unit in India. The new products are L14150, L15150, and L15160 which are compact, wide-format, and are XXXX
Laser MICR Inkjet MICR
Introduction
Inkjet Printer Witness Substantial Market Growth
Inner Circle: 2020; Outer Circle: 2026
Market Share, By Type
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Laser MICR X X X X X X X X X X X
Inkjet MICR X X X X X X X X X X X
Figure XX: Global Magnetic Ink Character Recognition (MICR) Printer Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD
Million), By Type, 2016- 2026F

Global Magnetic Ink Character Recognition (MICR) Printer Market, Growth Analysis By
Type (3/4)
CAGR 2021-2026F
Market
Share
(%)
High
High
Low
High Growth, High Market Share
1. Laser MICR Printer
Market Share Analysis
• The primary reason for the growth of laser MICR
printer is with laser printers both single-function
printers and AIOs can be used for copying and
scanning in addition to printing, and in some
cases, fax capabilities.
o Canon's unique i-SENSYS was launched in
Europe that enables to easily customize
function buttons on the printer’s large 5”
LCD touch screen to meet the specific
needs of the customer and upsurge
productivity with fast, one-touch control of
daily tasks. The new launches of laser
printers in geographies such as XXX, XXX,
Source: MarkNtel Advisors,
0%
50%
100%
0% 13% 25%
Laser
XXX
Figure XX: Global Magnetic Ink Character Recognition (MICR) Printer Market Opportunity Metrix, By Revenues By Type, 2021-26

Application (3/4)
Market Size, By Application (USD Million)
• Due to an explosive demand for laser printers in developing as well as developed regions, various application areas such as retail,
government institutions, banks, commercial and residential, etc., have promulgated its usage in recent years. The growth has been
majorly impacted by the establishment of various malls and retail stores in several countries in Asia Pacific and MEA. The growing
inclination of pharmacies, healthcare institutes, towards these printers is also acting as the major growth driver. In addition, several
shopping centres and retail outlets in the European and North American region have placed fresh orders for laser MICR printers from
Banking and Financial Retail
Healthcare Government
Others
Introduction
Introduction
Market Share, By Application
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Banking and
Financial
X X X X X X X X X X X
Retail X X X X X X X X X X X
Government X X X X X X X X X X X
Healthcare X X X X X X X X X X X
Others X X X X X X X X X X X
Figure XX: Global Magnetic Ink Character Recognition (MICR) Printer Market Revenue Share (%) 2020 & 2026, & Market Revenue (USD
Million), By Application, 2016- 2026F

Application (3/4)
CAGR 2021-2026F
Market
Share
(%)
High
High
Low
High Growth, High Market Share
1. Healthcare
Market Share Analysis
• The major growth factor of the healthcare sector is
the construction of new hospital facilities where
laser and inkjet MICR printers would be used in
abundance for printing the patients' records and
files, therefore, galvanizing the growth of these
printers.
• COVID-19 has positively impacted the growth of
printers. According to the U.S. Centers for Disease
Control and Prevention coronavirus could infect
160 million to 214 million people across the
country, requiring more than 20 million
hospitalizations. Metro Health System and Mount
Caramel Health System are hospital construction
projects that would contribute to its growth.
Source: MarkNtel Advisors,
0%
50%
100%
0% 13% 25%
Healthcare
XXX
Figure XX: Global Magnetic Ink Character Recognition (MICR) Printer Market Opportunity Metrix, By Revenues By Application , 2021-26
XXX
XXX
XXX

North America Magnetic Ink Character Recognition (MICR) Printer Market Analysis, 2016-
2026F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Figure XX: North America Magnetic Ink Character Recognition (MICR) Printer Market, By Revenues, By Units Sold 2016- 2026F
• The North America Magnetic Ink Character Recognition (MICR) Printer market is expected to generate a revenue of USDX billion in 2020,
and is projected to continue to soar during 2021-26 owing to the rise in the working population, construction of hospitals, and retail
stores would contribute to the growth of MICR printer market.
o In 2020, the company Xerox introduced its new Xerox AltaLink® C8100 and Xerox AltaLink B8100 Series multi-function printers
(MFPs), that can better support flexible work environment and assist companies to speed their digital transformation with access
to the ConnectKey® ecosystem of apps. The printer allows ultra-fast scanning of up to 270 images per minute and Optical
Character Recognition that allows clients to extract more value from information.
Market at a Glance
2016 2017 2018 2019 2020 2021F 2022F 2023F 2024F 2025F 2026F
CAGR
CAGR
Revenue: XX%
Units Sold: XX%
Revenue: XX%
Units Sold: XX%

North America Magnetic Ink Character Recognition (MICR) Printer Market, By Type (1/4)
Market Size, By Type (USD Million)
Laser MICR Inkjet MICR
Introduction
Laser MICR Printers to Register Substantial Growth
Market Share, By Type
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Laser MICR X X X X X X X X X X X
Inkjet MICR X X X X X X X X X X X
Figure XX: North America Magnetic Ink Character Recognition (MICR) Printer Market Revenue Share (%) 2020 & 2026, & Market
Revenue (USD Million), By Type, 2016- 2026F
• The North America inkjet and laser MICR printer market is exhibiting an uptick in the demand in recent years owing to the demand. Also,
the rising working population and surge in its usage in hospital settings form printing the patients' records also leads to proliferated
growth. The demand for Laser MICR printers is outpacing the inkjet printers in the North American region, primarily in the US and
Canada.
• In 2019, HP Inc. and Xerox Corporation stated for an expansion of the companies’ business relationship. Xerox would source and Xerox
will supply toner to HP for these and some other products. The printers would be based primarily on the laser printing technology HP

The United States Magnetic Ink Character Recognition (MICR) Printer Market
Revenue Share, By Type
Figure XX: The United States Magnetic Ink Character Recognition (MICR) Printer Market Size (%), By Type, 2016 - 2026F
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Laser MICR XX XX XX XX XX XX XX XX XX XX XX
Inkjet MICR XX XX XX XX XX XX XX XX XX XX XX
Figure XX: The United States Magnetic Ink Character Recognition (MICR) Printer Market Share (%), By Type, 2016 - 2026F
2020 2021 2022 2023 2024 2025 2026
Laser MICR
Inkjet MICR

Document Outline
Sample Pages
15
Respondent Profile
24
Table of Content
02
Commercials 52
Company Profile
Introduction, Corporate Presentation
54
Contact Details 56

+1 (613) 707-5086, +91 8719999009
sales@marknteladvisors.com

Global Magnetic Ink Character Recognition (MICR) Printer Market 2021 - MarkNtel Advisors

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