Market Snapshot:
Digital check scanning solutions are available in two categories single-feed check scanning system and multi-feed check scanning system. It is designed as a dedicated remote deposit capture scanner solution for creating photos of a medium to a high number of checks. It offers a simple and smart solution to businesses and enterprises which process checks, money orders, and other financial operations. The scanning solutions provide efficiency and effectiveness in the financial processing operations.
Highlights from Digital Check Scanning Solution Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are Canon (Japan), Epson (United States), Digital Check Corp. (United States), Arca.Tech Systems, LLC (United States), MagTek Inc. (United States), NCR Corporation (United States), RDM Corporation (Canada) and Solchar (United Kingdom). Additionally, other players that are part of this comprehensive study are RDM Corporation (Canada) and Solchar (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Digital Check Scanning Solution market presents a comprehensive analysis of the Digital Check Scanning Solution market by product type (Single-feed Check Scanning System and Multi-Feed Check Scanning System), by end-user/application (Banks, Credit Unions, Government & Non-profit Organizations, Financial Institutions and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Digital Check Scanning Solution industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Digital Check Scanning Solution market
Analyst at AMA have segmented the market study of Global Digital Check Scanning Solution market by Type, Application and Region.
Influencing Trend:
Increasing Use of Micro Online Scanner and Technological Advancements in the Scanning Solution
Market Growth Drivers:
Growing Digitalisation Transformation in Banking and Financial Institutions and Demand for the Easy Check Scanning Operations
Challenges:
Privacy Related Concerns with Digital Check Scanning Solution
Restraints:
Requirement of Skills to Operate Digital Check Scanning Solution
Opportunities:
Surging Demand for Remote Deposit Digital Check Scanning Solution
Market Developments Activities:
On 4th February 2021, Digital Check Corp. is announcing the completion of its acquisition of Benchmark Technology Group, Inc., a leading provider of cash management automation solutions for the financial industry. Benchmark Technology Group will become a subsidiary of Digital Check Corp. and maintain the brand, market, and operating independence.
On 5th May 2021, Digital Check Corp. announced the formation of Avivatech, a new software business specializing in cash and check software automation solutions in branch banking and retail payment management environments. The formation of Avivatech is a collaborative effort between Digital Check and Benchmark Technology Group, following the acquisition of Benchmark by Digital Check. Avivatech’s product lineup combines cash automation capabilities from Benchmark’s award-winning CashWare suite with Digital Check’s Vault and XpressScan check processing software.
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Key Target Audience
Digital Check Scanning Solution Manufacturers, Digital Check Scanning Solution International Traders, Digital Check Scanning Solution Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others