Technavio has been monitoring the global document capture software market since 2014 and the market is poised to grow by USD 3.28 billion during 2019-2023, progressing at a CAGR of close to 12% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global document capture software market 2019-2023. (Graphic: Business Wire)
Read the 121-page research report with TOC on “Document Capture Software Market Analysis Report by End-user (healthcare, government, BFSI, legal, and others), by Geography (the Americas, APAC, and EMEA), and Segment Forecasts, 2019 – 2023”.
The market is driven by the growing use of big data analytics. In addition, the integration of document capture software with machine learning is anticipated to further boost the growth of the document capture software market.
There is an increase in the adoption of big data analytics among various businesses as it helps in identifying new revenue opportunities and devising effective marketing strategies. It also helps in gaining competitive advantage over competitors and improving customer service and operational efficiency. The growing dependence on big data analytics is driving the demand for document capture software for scanning the paper documents to a digital format. Thus, the growing use of document capture software for big data analytics to work is expected to drive market growth during the forecast period.
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Major Five Document Capture Software Market Companies:
ABBYY
ABBYY is headquartered in the Russian Federation and offers automated forms processing, digital document archiving, the standardization and digitization of documents, and mobile capture solutions.
Adobe Systems
Adobe Systems is headquartered in the US and manufactures and offers products through the following business units: Digital Media, Digital Marketing, and Print and Publishing. The company offers products such as Adobe Scan and Adobe Acrobat.
Canon
Canon is headquartered in Japan and has business operations under various business segments, namely Office, Imaging System, Medical System, and Industry and Others. The company offers the Document Scanning & Capture Software, which is a software suite with different kinds of document capture software.
Kofax
Kofax is headquartered in the US and offers products and services such as Kofax Capture, Mobile Capture, and Kofax SignDoc. Kofax SignDoc helps in digital transformation and electronic signatures.
Xerox
Xerox is headquartered in the US and offers services through the following business segment: design, development, and sale of document management systems and solutions. The company offers solutions such as Xerox DocuMate, Xerox’s Enterprise Capture, and Omtool AccuRoute.
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Document Capture Software End-User Outlook (Revenue, USD Million, 2019 – 2023)
- BFSI
- Healthcare
- Government
- Legal
- Others
Document Capture Software Regional Outlook (Revenue, USD Million, 2019 – 2023)
- Americas
- APAC
- EMEA
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View source version on businesswire.com: https://www.businesswire.com/news/home/20191105005731/en/