Middle East and Africa Cheque Scanner Market Growth and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Middle East and Africa Cheque Scanner Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Single-Feed Check Scanners and Multi-Feed Check Scanners) and Application (Banks, and Enterprises and Financial Institutions)

Report Date : Feb 2022
Report Code : TIPRE00027200

Category : Banking, Financial Services, and Insurance
Status : Published

Available Report Formats :
No. of Pages : 89

Page Updated: Feb 2022

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The cheque scanner market in Middle East & Africa is expected to grow from US$ 53.21 million in 2021 to US$ 65.64 million by 2028; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028.

Vendors need to improve and enhance their offerings to be relevant in the market. For instance, Digital Check introduced enhanced API, SecureLink 2.0, which contains enhanced functionality that is a major update to the original SecureLink by Digital Check. Securelink 2.0 offers user specific application that can be operated on a network, including PCs, handheld devices, and touchscreens. SecureLink is used by financial institutions and corporations to operate cheque scanner in aggregation with thin-client teller workstations, virtual desktop environments, and standalone kiosks. Similarly, RDM offers EC9600i series network cheque scanner that offers simple driverless one touch setup. The solution utilizes RDM’s Independence TM platform technology, an intelligent, self-contained, and secured network. This enables the scanner to connect to PC, Mac, mobile devices, and payment terminals within any operating system or browser directly via driverless USB or on a network via Ethernet, including thin clients such as Citrix. Like Digital Check and RDM, other vendors operating in the market also need to capture the opportunity of offering advance solution that are capable of solving check processing and clearance issues effectively. Banks and financial institution are looking for solutions that require lower set up/implementation cost and time and can be easily operated, which is driving the growth of the Middle East & Africa cheque scanner market.

The Middle East & Africa cheque scanner market is majorly affected by disruptions in the supply chain. The shutdown of country borders for international travel led to disturbances in the supply chains of several components and parts in 2020. Moreover, the demand for cheque scanners has decreased in the region. This has resulted in a loss of business among the cheque scanner manufacturers and distributors offering their products and systems to banks and financial institutions. However, a rise in the focus on the commercialization of the remote deposit model to make cheque payment easier and quick in the UAE is likely to provide significant opportunities to the cheque scanner market players in the coming years.

Middle East & Africa Cheque Scanner Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Cheque Scanner Market Segmentation

Middle East & Africa Cheque Scanner Market – By Type

Single-Feed Check Scanner
Multi-Feed Check Scanner

Middle East & Africa Cheque Scanner Market – By Application

Banks
Enterprises and Financial Institutions

Middle East & Africa Cheque Scanner Market– By Country

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Middle East & Africa Cheque Scanner Market-Companies Mentioned

Canon Inc.
Digital Check
Eastman Kodak Company
Epson
MagTek Inc
NCR Corporation

Middle East and Africa Cheque Scanner Report Scope

Report Attribute	Details
Market size in 2021	US$ 53.21 Million
Market Size by 2028	US$ 65.64 Million
CAGR (2021 - 2028)	3.0%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Single-Feed Check Scanners and Multi-Feed Check Scanners By Application Banks Enterprises and Financial Institutions
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Canon Inc. Digital Check Eastman Kodak Company Epson MagTek Inc NCR Corporation

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Middle East and Africa Cheque Scanner Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Regional, Country
Industry and Competitive Landscape
Excel Dataset

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy