Document Capture Software Market By Solutions (Multiple-Channel Capture, Cognitive Capture, Mobile Capture, Others), By End-User (Retail, Government, IT & Telecommunication, Healthcare, Transportation, Energy & Utility, Others), By Organization Size (Large Enterprises, Small Enterprises), By Deployment (On-Premise, Cloud) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Rising Adoption of the Cloud-based Services Across the Globe Has Increased the Demand for Document Capture Software Market

Globally, the document capture software market is expected to grow with a CAGR of 13.3% during the forecast period from 2019 to 2027 and has registered a market value of US$ 6.30 Bn by 2018. Document capture software is an application used for converting physical documents into digital, resulting in a reduced workload among the business and allowing the organizations to manage the business flow. Moreover, this software also enhances customer experience and increases operational efficiencies. 

The rise in IoT devices and the adoption of cloud-based software are some of the key factors driving the growth of the market. This software also provides various advantages to the companies and the business, such as its easy retrieval of documents, an advantageous collaboration of the information captured, and others.

Market Synopsis

Document Capture Software with Mobile Capture in its Solutions Segment Continue Dominating the Market

In 2018, the global document capture software market was dominated by the mobile capture segment in its solutions segment, accounting for around 40% of the total revenue generated worldwide. It is estimated to grow with a significant CAGR over the forecast period. The mobile capture solution captures the images immediately without the requirement of paper and can share the images in real-time, allowing the information to reach the destination.

North America Dominates the Market by Region

The global document capture software market was led by North America, with a market share of more than 40% in 2018. Various regional companies, such as IBM Corporation, Oracle Corporation, and others, offer multiple software solutions to small and medium enterprises to capture documents electronically. Additionally, the region is one of the earliest adopters of technology, contributing to the market's growth in the region.

Some of the prominent players operating in the document capture software are BBYY Software, Adobe Systems Software Ltd., Canon, Inc., Artsyl Technologies, Inc, CAPSYS Technologies, LLC, EMC Corp., Oracle Corp., DocuLexInc (DocStar), Ephesoft Inc., IBM Corporation, Hyland Software Inc., Knowledge Lake Inc., Kofax, Inc., Kodak Company, Meniko, Nuance, Communications, Inc., Notable Solutions Inc., and Xerox Corporation.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The document capture software market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global document capture software market based on solutions, organization size, deployment, end-users, and geography.

Frequently Asked Questions:

The market for Document Capture Software is expected to reach USD XX Mn by 2027.

The Document Capture Software market is expected to see significant CAGR growth over the coming years, at 13.3%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

BBYY 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. are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60051
Report Format:   PDF
Pages:   140
Rating:    4.3 (66)
Delivery Time: 24 Hours to 48 Hours   
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