1. Market Research
  2. > Financial Services
  3. > Banking Market Trends
  4. > India Cheque Scanner Market (2017-2022)

India Cheque Scanner Market (2017-2022)

  • December 2016
  • -
  • 6Wresearch
  • -
  • 80 pages

India Cheque Scanner Market (2017-2022): Market Forecast By Types (Single Feed and Multi Feed), Applications (Desktop and Kiosks), Regions (North, South, East and Western), Specifications and Competitive Landscape.

To provide adequate banking needs to the customers, India currently has over 1.3 million brick and mortar branches. To reduce the lead time of transactions through cheques, RBI’s has taken initiative to implement Cheque Truncation System. Over the years, the demand for cheque scanners have increased considerably due to adoption of these by various banks in the country. Further, with rise of automated cheque deposition kiosks and digital bank branches promoted under Government supported “Digital India”, India Cheque Scanner Market is poised to continue on the path of steady growth in the near future.

Since the implementation of mandate by the Reserve Bank of India to accept only CTS-2010 compliant cheques for clearing, the Cheque Scanner market in India has witnessed profound growth. In usage by the traditional brick and mortar bank branches as well as by the automated Cheque deposition kiosks, Cheque Scanners forms a key component of the Cheque Truncation System implemented by the RBI to reduce the time period of Cheque Clearing Cycle as well as reduce the circulation of fraudulent cheques in the banking system through multiple stage scanning.

According to 6Wresearch, India Cheque Scanner market is projected to grow at a CAGR of 5.6% during 2017-22. India Cheque Scanner Market is forecast to grow due to manifold increase in demand for single feed cheque scanners which can be incorporated into Cheque Deposition kiosks to scan the deposited cheque and produce receipts. Further, commercial bank branches are also set to rise in the near future with the focus now shifting towards Digital Bank Branches to increase the efficiency and reduce cost of operation.

In Multi Feed Check Scanner category, banks have emerged to be the highest user of these with majority of the scanners being used as Desktop Cheque Scanners to be operated by a bank teller. In Single Feed category, the majority of the scanners were installed in the cheque deposition kiosks.

The report thoroughly covers India Cheque Scanner market by types, applications, specifications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Key highlights of the report:
- Historical data of India Cheque Scanner Market for the Period 2014-2022
- Market Size & Forecast of India Cheque Scanner Market until 2022
- Historical data of India Single Feed Cheque Scanner Market for the Period 2014-2022
- Market Size & Forecast of India Single Feed Cheque Scanner Market until 2022
- Historical data of India Multi Feed Cheque Scanner Market for the Period 2014-2022
- Market Size & Forecast of India Multi Feed Cheque Scanner Market until 2022
- Historical data of India Cheque Scanner Market By Kiosk Application for the Period 2014-2022
- Market Size & Forecast of India Cheque Scanner Market Kiosk Application until 2022
- Historical data of India Cheque Scanner Market By Desktop Application for the Period 2014-2022
- Market Size & Forecast of India Cheque Scanner Market By Desktop Application until 2022
- Market Revenue Share, By Specification (2014 & 2015)
- Historical data of India Cheque Scanner Market for the Period 2014-2022
- Market Size & Forecast of India Cheque Scanner Market until 2022
- Market Drivers and Restraints
- Market Trends

Markets Covered
The report provides the detailed analysis of the following market segments:

By Types:
- Single Feed
- Multi Feed

By Applications:
- Desktop
- Kiosk

By Regions:
- Eastern
- Western
- Northern
- Southern

Table Of Contents

India Cheque Scanner Market (2017-2022)
1 Executive Summary

2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope and Segmentation
2.4 Research Methodology
2.5 Assumption

3 India Cheque Scanner Market Overview
3.1 India Cheque Scanner Market Revenues (2014-2022F)
3.2 India Cheque Scanner Market Volume (2014-2022F)
3.3 India Cheque Scanner Market Industry Life Cycle
3.4 India Cheque Scanner Market Opportunity Matrix
3.5 India Cheque Scanner Market Porter's Five Forces Analysis
3.6 India Cheque Scanner Market Revenue Share, by Types (2015 and 2022F)
3.7 India Cheque Scanner Market Revenue Share, by Applications (2015)
3.8 India Cheque Scanner Market Revenue Share, by Regions (2015 and 2022F)

4 India Cheque Scanner Market Regulations
4.1 Scanning Standards by RBI
4.2 Captured Image Storage and Transmission
4.3 Image Quality Checking

5 India Cheque Scanner Market Dynamics
5.1 Market Drivers
5.1.1 Implementation of Cheque Truncation System
5.1.2 Integration of Cheque Scanner with Cheque Deposit Kiosks
5.1.3 Growth of Digital Bank Branches
5.2 Market Restraints
5.2.1 Hub and Spoke model of distribution
5.2.2 Increasing usage of Electronic Payments Methods
5.2.3 Increasing usage of Debit, Credit Cards

6 India Cheque Scanner Market Trends and Developments
6.1 Import Driven Market
6.2 Technological Drift of Current Cheque Scanner Market

7 India Single Feed Cheque Scanner Market Overview
7.1 India Single Cheque Scanner Market Revenues (2014 -2022F)
7.2 India Single Cheque Scanner Market Volume (2014 and 2022F)

8 India Multi Feed Cheque Scanner Market Overview
8.1 India Multi Feed Cheque Scanner Market Revenues (2014 -2022F)
8.2 India Multi Feed Cheque Scanner Market Volume (2014 and 2022F)

9 India Cheque Scanner Market Overview, by Specification
9.1 India Cheque Scanner Market Revenue Share, by Scanner Speed (2015)
9.2 India Cheque Scanner Market Revenue Share, by Scan Image Colour (2015)
9.3 India Cheque Scanner Market Revenues Share, by Document Holder Capacity (2015)
9.4 India Cheque Scanner Market Revenues Share, by Scan Type (2015)

10 India Cheque Scanner Market Overview, by Applications
10.1 India Cheque Scanner Market Revenues, by Desktop Application (2014-2022F)
10.2 India Cheque Scanner Market Revenues, by Kiosk Application (2014-2022F)

11 India Cheque Scanner Market Overview, by Region
11.1 India Cheque Scanner Market Revenues, Southern Region (2014-2022F)
11.2 India Cheque Scanner Market Revenues, Eastern Region (2014-2022F)
11.3 India Cheque Scanner Market Revenues, Western Region (2014-2022F)
11.4 India Cheque Scanner Market Revenues, Northern Region (2014-2022F)

12 Competitive Landscape
12.1 India Cheque Scanner Market-Price Point Analysis (2015)
12.2 India Cheque Scanner Market Revenue Share, by Company (2015)

13 Company Profiles
13.1 Canon India Pvt. Ltd.
13.2 CTS electronics S.p.A.
13.3 Digital Check Corp
13.4 Ernst Reiner GmbH and Co. KG
13.5 Panini S.p.A

14 Key Strategic Pointers

15 Disclaimer

List of Figures
Figure 1 India Cheque Scanner Market Revenues, 2014-2022F ($ Million)
Figure 2 Number of Cheque Cleared in India, by Regions (2015)
Figure 3 India Cheque Scanner Market Volume, 2014-2022F (Units)
Figure 4 Product Life Cycle by Type
Figure 5 Market Growth Opportunity Matrix (2022)
Figure 6 India Cheque Scanner Market Revenue Share, by Type (2015)
Figure 7 India Cheque Scanner Market Revenue Share, by Type (2022F)
Figure 8 India Cheque Scanner Market Revenue Share, by Application (2015)
Figure 9 India Cheque Scanner Market Revenue Share, by Application (2022)
Figure 10 India Cheque Scanner Market Revenue Share, by Region (2015)
Figure 11 India Cheque Scanner Market Revenue Share, by Region (2022)
Figure 12 Cheque Clearing by type (Million Units)
Figure 13 Non-Cash Payments in India, 2008-2015 (Million Units)
Figure 14 Credit and Debit Card Payments in India, 2012-2015 (Million Units)
Figure 15 Credit and Debit Cards in India, 2012-2015 (Units in Million)
Figure 16 India Single Feed Cheque Scanner Market Revenue, 2014-2022F ($ Million)
Figure 17 India Single Feed Cheque Scanner Market Volume, 2014-2022F (Units)
Figure 18 India Multi Feed Cheque Scanner Market Revenues, 2014-2022F ($ Billion)
Figure 19 India Multi Feed Cheque Scanner Market Volume, 2014-2022F (Units)
Figure 20 India Cheque Scanner Market Revenue Share, by Scanner Speed (2015)
Figure 21 India Cheque Scanner Market Revenue Share, by Scan Image Colour (2015)
Figure 22 India Cheque Scanner Market Revenue Share, by Document Holder Capacity (2015)
Figure 23 India Cheque Scanner Market Revenue Share, by Scan Type (2015)
Figure 24 India Cheque Scanner Market Revenues, by Desktop Application, 2014-2022F ($ Million)
Figure 25 India Cheque Scanner Market Revenues, by Kiosk Application, 2014-2022F ($ Million)
Figure 26 Number of Bank Branches, Southern and Eastern Regions (2014-2016)
Figure 27 Number of Bank Branches, Western and Northern Regions (2014-2016)
Figure 28 India Southern Region Cheque Scanner Market Revenues, 2014-2022F ($ Million)
Figure 29 India Eastern Region Cheque Scanner Market Revenues, 2014-2022F ($ Million)
Figure 30 India Western Region Cheque Scanner Market Revenues, 2014-2022F ($ Million)
Figure 31 India Northern Region Cheque Scanner Market Revenues, 2014-2022F ($ Million)
Figure 32 Cheque Scanner Market Revenue Share, by Company (2015)

List of Tables
Table 1 Image Specifications Set by RBI
Table 2 Number of Cheque Deposit Kiosks Ordered by Banks in India
Table 3 In Scan Speed Category, Company wise Average Price for year 2015 (Price in $/unit)

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Blockchain Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Blockchain Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • January 2017
  • by Transparency Market Research

Global Blockchain Technology Market: Overview Blockchain technology offers a secure, fast, and cheaper medium of carrying out online transaction and online transfer of information without the need of third ...

Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Mobile Payment Technologies Market: Overview This report provides an analysis of the global mobile payment technologies market for the period from 2014 to 2024, wherein the period from 2016 to 2024 ...

Top 10 Telecom Technologies - Forecast to 2021

Top 10 Telecom Technologies - Forecast to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“Reduction in queuing & transaction time and increased convenience in making low value payments are driving the contactless payment market” The contactless payment market is estimated to grow from ...

Russia Wealth Report 2016

November 2016 $ 4995

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.