Summary
The global Scanning Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Document scanning software helps to simplify the whole process of scanning documents from paper to electronic form. The scanning software offers various scanning interfaces that simplify data entry into the computer system or completely automate document capturing from these incoming documents. It allows the users to enter the scanned pages in an easily understandable text file, thereby saving time and labor cost involved in manual data entry work. The whole process is automated, starting with the data capture steps, all the way to the final document delivery. The global scanning software market focuses on six regions namely North America, Europe, Asia Pacific, Middle East, and Africa. The global scanning software market is expected to witness significant growth during the forecast period, owing to increasing regulatory compliance.
Market Drivers
Increasing demand for SaaS-based document capture software is expected to drive growth of the global scanning software market during the forecast period. The demand for Software-as-a-service (SaaS)-based document capture software has increased significantly due to its various advantages such as cost savings, better accessibility, rapid deployment, eco-friendly, and reduced IT support requirements. Major IT companies are introducing innovative products to cater growing adoption of such software solutions. For instance, in September 2020, Upland Software in collaboration with HP Inc. launched global cloud-based document management solution Document Workflow Cloud. Hence, such factors are expected to drive growth of the global scanning software market during the forecast period. Furthermore, increasing regulatory compliance is expected to boost the global scanning software market growth over the forecast period.
Market Restraint
Risk associated with data sharing and security is expected to restrain growth of the global scanning software market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global scanning software market during the forecast period, followed by Europe. This is owing to technological advancements and increasing awareness regarding data security. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rapid industrialization.
Competitive Landscape
Key companies operating in the global scanning software market are Abbyy, Adobe, Canon, Kofax, Nitro Logic, Hamrick Software, and CC Intelligence.
For instance, in October 2020, Adobe, a U.S.-based software firm, introduced a new experimental software prototype Scantastic 3D scanning tool for AR and design applications.
The Scanning Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Scanning Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Abbyy
- ORPALIS
- Adobe
- Kofax
- Docufree
- Canon
- Hamrick Software
- Nitro Logic
- CC Intelligence
By the Product Type, the market is primarily segmented into:
- Multi-language
- Single Language
By Applications, the market is segmented into:
- Documents
- Photos
- Films
- Slides
- Other
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Scanning Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Scanning Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Scanning Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Scanning Software Market
The Scanning Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Scanning Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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