September 30th, 2022
Document Capture Software Market accounted for 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%. Document capture software converts physical documents into digital representations. Barcode recognition, patch code recognition, optical character recognition (OCR), optical mark recognition (OMR), and indexing are some of the most used document capture software applications. The document capture software scans documents and saves images in a variety of formats, including portable document format (PDF), tagged image file format (TIFF), joint photographic expert group (JPEG), bitmap (BMP), and others, depending on the needs of the user.
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Key Market Insights from the report:
The Global Document Capture Software Market accounted for 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%. The Global Document Capture Software Market is segmented based on the deployment type, end-user and region.
By Deployment Type, the Global Document Capture Software Market is segmented into Cloud Based and On Premise.
By End-user, the market is segmented into Banking, Financial Services and Insurance, IT & Telecommunication, Healthcare, Transportation, Education and others.
By Region, the Global 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 global document capture software market due to growth in logistics network and rising demand for digitalized documentation solutions in the region.
The key players operating in the global Document Capture Software market include 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.
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