Global Document Capture Software Market Overview
Document Capture Software Market size was valued at US$ 3.58 billion in 2020 and is estimated to be US$ 12.29 billion by 2030 and is anticipated to register a CAGR of 13.3%
Digital representations of physical documents are created using document capture software. The main categories of document capture software include indexing, barcode recognition, patch code recognition, optical character recognition (OCR), and optical mark recognition (OMR). As needed by the user, the document capture software scans documents and generates images of them in a variety of file types, including bitmap (BMP), portable document format (PDF), tagged image file format (TIFF), joint photographic expert group (JPEG), etc.
Global Document Capture Software Market Drivers & Restraints
The growing use of big data analysis is the key factor driving the growth of document capture software market. The increasing demand for document capture software by healthcare industry to manage records, and to reduce paperwork is expected to generate potential growth of the target market. The major and rising trend in the document capture software market is increasing adoption of cloud technology in business process as it offers enterprise storage solutions. The concerns related to data security during data sharing is a major factor restraining growth of the document capture software market. The integration of document capture software with machine learning, factors such as the possibility of data loss, advent of intelligent character recognition, and mobile-based data capture software are major aspects boosting the growth of the document capture software market. Additionally, lack of professional workforce, and concerns related to automation are expected to hamper growth of the document capture software market over the forecast period. The different regulatory compliances and limited availability of efficient internet connectivity infrastructure are factors leading to a slag in the target market.
Global Document Capture Software Market Segmentations & Regional Insights
Document Capture Software market has been segmented on the basis of deployment type, end user and region.
On the basis of deployment type, the Document Capture Software market is segmented into On-premises and Cloud. On the basis of organization size, the Document Capture Software market is segmented into Small and Medium-sized Enterprises and Large Enterprises. On the basis of Application, the Document Capture Software market is segmented into Production Tracking, Environmental Auditing, Asset Performance Management, GRC Management, Predictive Maintenance, and Others. On the basis of end-user, the Document Capture Software market is segmented into banking, financial services and insurance (BFSI), IT & telecommunication, healthcare, transportation, education and others.
Regional Insights:
On basis of region the Document Capture Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading for the document capture software market due to growth in logistics network and rising demand for digitalized documentation solutions in the region. Asia Pacific is expected to show fastest growth in the target market attributed to the rising adoption rate of digitalization in document management solutions.
Document Capture Software Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020– 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
Market Segmentation |
By Deployment Type – Cloud and On-premises. By End-user – banking, financial services and insurance (BFSI), IT & telecommunication, healthcare, transportation, education and others. By End-user– Oil and Gas, Marine, Chemicals and Pharmaceuticals, Paper and Pulp, Metal and Mining, Utilities, Data Centers, and Others. |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Document Capture Software report based on test, application, and region.
Document Capture Software Market, By Deployment Type:
- Cloud
- On Premises
Document Capture Software Market, By End-user:
- Banking, financial services and insurance (BFSI)
- IT & telecommunication
- Healthcare
- Transportation
- Education
- Others
- Others
Document Capture Software Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Document Capture Software Market Competitive Landscape & Key Players
The key players operating the Document Capture Software Market includes ABBYY Software Ltd., Adobe Systems Incorporated, Seiko Epson Corporation, Canon Inc., Nuance Communications, Inc., International Business Machines Corporation, Oracle Corporation, Notable Solutions, Inc., Lexmark International, Inc., Xerox Corporation.
Global Document Capture Software Market Company Profile
- ABBYY Software Ltd. *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Adobe Systems Incorporated
- Seiko Epson Corporation
- Canon Inc.
- Nuance Communications, Inc.
- International Business Machines Corporation
- Oracle Corporation
- Notable Solutions, Inc.
- Lexmark International, Inc.
- Xerox Corporation.
“*” marked represents similar segmentation in other categories in the respective section.
Global Document Capture Software Market Highlights
FAQs
The Global Document Capture Software Market report segments the market basis on the deployment type, end-user and region.
The increasing use of big data analysis is propelling the worldwide document capture software market forward. The healthcare industry's growing demand for document capture software to manage records and decrease paperwork is predicted to boost the target market's potential growth.
North America is the leading for the Global Document Capture Software Market
The leading players operating in the Global Document Capture Software Market includes ABBYY Software Ltd., Adobe Systems Incorporated, Seiko Epson Corporation, Canon Inc., Nuance Communications, Inc., International Business Machines Corporation, Oracle Corporation, Notable Solutions, Inc., Lexmark International, Inc., and Xerox Corporation.