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Global document capture software market

Global document capture software market was valued US$ 5.03 Bn in 2017 and is expected to reach US$ 11.23 Bn by 2026, at a CAGR of 10.56% during a forecast period.

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Global document capture software market

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  1. Global document capture software market was valued US$ 5.03 Bn in 2017 and is expected to reach US$ 11.23 Bn by 2026, at a CAGR of 10.56% during a forecast period. Document capture software is used to translate physical document into digital representation. It helps in decreasing the workload by managing the complex business workflow. Furthermore, it expands operational efficiency and provides enhanced customer experience. Rising demand for software as a service (SaaS) based document capture software that facilitates pay-per-use, and has user-friendly interface is an important factor driving growth of the global document capture software market. Furthermore, growing penetration of Internet of Things (IoT), and rising adoption of cloud-based software are other factors projected to boost growth of the market over the forecast period. However, concerns related to data security during data sharing is limiting growth of the market. Moreover, lack of professional workforce and concerns related to automation are some other factors estimated to hinder growth of the market. Growing demand for document capture software by healthcare industry to manage records, and to reduce paperwork is estimated to generate potential growth opportunities for key players. BFSI sector is the largest verticals segment of the document capture software market. Bank regulations are always changing and evolving, so it’s essential for banks of all shapes and sizes to keep up. Additionally, document capture software can help quickly and accurately resolve inquiries with valuable information captured from customer and client documents. Mobile capture is the leading share solution segment in the document capture software market owing to document processing starts at moment of taking a photo. No need to wait for paper reaches the office. Mobile client creates new opportunities for working with documents. Assist customers with only a smartphone, and prepare field employees with smartphone capture solutions - no need to purchase portable scanners. North America which consists of the U.S and Canada was the leading region in the document capture software market in 2017. The region accounted for more than one-third of the global market revenue share and is projected to continue its prominent position throughout the forecast period. Asia Pacific

  2. is expected to register highest growth rate over the forecast period, owing to growing awareness about benefits of document capture software in business process in emerging economies such as China, and India. Some of the key players in global document capture software market are ABBYY Software, Adobe Systems Software Ltd., Artsyl Technologies, Inc, Canon, Inc., CAPSYS Technologies, LLC, DocuLexInc (DocStar), EMC Corp., Ephesoft Inc., Hyland Software Inc., IBM Corporation, Knowledge Lake Inc., Kodak Company, Kofax, Inc., Meniko, Notable Solutions Inc., Nuance, Communications, Inc., Oracle Corp. and Xerox Corporation. Scope of the Global Document Capture Software Market Global Document Capture Software Market by Solution • Multiple Channel Capture • Cognitive Capture • Mobile Capture Global Document Capture Software Market by Deployment Mode • Cloud • On-premise • Hybrid Global Document Capture Software Market by Enterprise Size • Small & Medium Enterprises • Large Enterprises Global Document Capture Software Market by Verticals • Retail • Banking, Financial Services and Insurance • Telecom and IT • Healthcare • Transportation and Logistics • Energy • Others Global Document Capture Software Market by Geography • North America

  3. • Europe • Asia-Pacific • Middle East & Africa • South America Key Players operating in the Global Document Capture Software Market • ABBYY Software • Adobe Systems Software Ltd • Artsyl Technologies, Inc. • Canon, Inc. • CAPSYS Technologies, LLC • DocuLexInc (DocStar) • EMC Corp • Ephesoft Inc. • Hyland Software Inc. • IBM Corporation • Knowledge Lake Inc. • Kodak Company • Kofax, Inc. • Meniko • Notable Solutions Inc. • Nuance • Communications, Inc. • Oracle Corp. • Xerox Corporation This This Report Report Is Submitted By @ Is Submitted By @Maximize Market Research Company Customization of the report: Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact Us Contact Us: : Name: Name: Lumawant Godage Organization: Organization: MAXIMIZE MARKET RESEARCH Email: Email: sales@maximizemarketresearch.com Contact: Contact: +91 9607365656

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