Check Scanning Solutions Market to Reach $1.61B by 2033, Driven by Banks and Credit Unions Adopting New AI Tech
• Digital check scanning solutions market projected to grow from $0.9 billion in 2023 to $1.61 billion in 2033, a CAGR of 6%
• North America accounted for 67% of market share in 2023; Europe fastest growing region
• Single-feed check scanning systems dominate with 52% market share in 2023
• Banks accounted for 45% market share in 2023, credit unions fastest growing segment
• Key drivers include advancements in technology like AI and ML; main challenges are high costs and privacy concerns