Document Capture Software Market By Deployment Type (Cloud Based and On Premise), By End User (Banking, Financial Services and Insurance, IT & Telecommunication, Healthcare, Transportation, Education and others), and, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI90219 | Publish Date: May 2024 | No. of Pages: 180

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 Dynamics

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 Segmentation

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

Global Document Capture Software Market 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 Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
    • PORTER’s
    • Investment Outlook
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Document Capture Software Strategies
      • Key Questions this Study will Answer
        • By Deployment Type (Cloud Based and On Premise),
        • By End User (Banking, Financial Services and Insurance, IT & Telecommunication, Healthcare, Transportation, Education and others),
        • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Regional Trends
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Regional Analysis
    • Regional Revenue Analysis
    • Regional By segment Analysis
    • Reasons for regional growth
    • Key Player of particular region
    • Countries Include in the report:
      • North America (U.S., Canada)
      • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
      • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
      • Latin America (Brazil, Mexico, Rest of Latin America)
      • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
    • Competitive Overview
    • Competitive Benchmarking
    • Market Share Analysis
    • Key Developments In The Global Document Capture Software Market
    • Key Developments: Mergers & Acquisitions
    • Key Developments: Collaboration
    • Key Developments: Contracts & Agreements
    • Key Developments: Expansion
    • Key Developments: Product Developments
  2. Company Profiles
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • SWOT Analysis
  • 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.

The Last Word

  • Future Impact
  • About Us
  • Contact

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.