India Cheque Scanner Market to See 5.6% CAGR through 2022, Predicts 6Wresearch in Its Insightful Report Recently Added at MarketPublishers.com12 Jan 2017 • by Natalie Aster
LONDON – To satisfy various banking needs to the local customers, India presently has more than 1.3 million brick and motor branches. In order to reduce the lead time of transactions via cheques, RBI’s has launched Cheque Truncation System.
During the past several years, the domestic demand for cheque scanners have grown remarkably owing to expanding adoption of these by different banks in India. Furthermore, along with the increasing number of automated cheque deposition kiosks and digital bank branches promoted under government supported “Digital India”, the national cheque scanner market is anticipated to continue following a steady upward trend in the near future.
The Indian cheque scanner market will likely register growth at a 5.6% CAGR from 2017 till 2022. Growth in the country’s market is expected to be driven by the rapidly rising demand for single feed cheque scanners. Moreover, commercial bank branches are predicted to rise in the short run with the focus gradually shifting towards Digital Bank Branches to enhance the efficiency and reduce operation costs.
The insightful study “India Cheque Scanner Market (2017-2022): Market Forecast By Types, Applications, Regions, Specifications and Competitive Landscape.” prepared by 6Wresearch gives reliable info on the performance of the Indian cheque scanner market. It covers all the important aspects, uncovers updated statistics, reviews the market dynamics, touches upon the major influencing factors, discusses the top trends and also describes possible ways of the future development through 2022.
- historical insights for 2014-2016;
- current market performance estimates;
- data on the market size, shares, dynamics, segmentation;
- detailed market assessment on the basis of types, regions, applications and specifications;
- future outlook through 2022.
Other insightful market research reports prepared by 6Wresearch are offered in this Market Publishers’ catalogue.