Request Discount

Document Capture Software Market (Deployment Type - On-premise, Cloud, and Hybrid; Solution - Cognitive Capture, Mobile Capture, and Multiple-channel Capture; Organization Size - Large Enterprise, and Small & Medium Enterprise; Industry - Telecom & IT, Banking, Transportation & Logistics, Financial Services & Insurance, Retail, Healthcare, Energy, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT00153

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on document capture software market provides in-depth analysis of segments and sub-segments in the global as well as regional document capture software market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional document capture software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global document capture software market. According to the report, the global document capture software market is projected to grow at a CAGR of 12.1% over the forecast period of 2020-2026.

 

Market Insight

Document Imaging and Content Management technologies, which can make important business information available, have been around for decades. Most large and medium-sized businesses have executed document management capture software solutions. The document capture process engages the digitization of data entry and it gives the ability to save documents to be referenced later as digital files (generally in a PDF file format). Data extraction happens through OCR (optical character recognition) technology. This technology utilizes high-speed scanners to capture and file the new document accordingly. Document capture software reads the characters and maps them in the system. Data capture involves a process known as indexing, which is simply a simple way to categorize a document in the program.

 

Document capture software offers an easier and more rapid way to process the company’s paperwork. It’s a reliable way to stay organized, save time, and reduce the demands of back-office administration when the user is dealing with a high volume of documents. Further, it makes the use of document management systems easier, augments productivity, and increases the speed of business processes, as a result achieving more benefits with the same resources. Moreover, it also serves to renovate the company's operations. Collaborating and sharing information in the company is easier and safer by digitizing the documentation and carrying out the electronic capture of documents. The factors such as Increasing demand for document management, the growing trend of the mobile workforce, coupled with multiple benefits offered by document management software are driving the document capture software market growth. Increasing Adoption of document capture software by small and medium-sized enterprises (SMEs) is fueling the document capture software market growth. The effects of COVID-19 has been quick and substantial on the global document capture software. The pandemic has resulted in being a major disrupter, shifting the global dynamics. Manufacturing companies around the world are now focusing on developing plans to reduce the aftershocks of this pandemic. The pandemic has led to large-scale distress to supply bases, assembly plant closures, and further downshift to the declining consumer demand.

 

Geographically, the North American region accounted for the largest market share for document capture software. This region is identified as the major adopter of emerging technologies such as big data analytics, IoT, and BI tools. The Asia Pacific and European regions have the fastest-growing market. The growing adoption of cloud-based enterprise applications and growing technological advancement are influencing the market growth in the Asia Pacific and Europe. Furthermore, the increasing amount of data, investments in the market and rising penetration of the internet is propelling the market growth.

 

Segment Covered

The report on the global document capture software market covers segments such as deployment type, solution, organization size, and industry. On the basis of deployment type, the sub-markets include on-premise, cloud, and hybrid. On the basis of solution, the sub-markets include cognitive capture, mobile capture, and multiple-channel capture. On the basis of organization size, the sub-markets include large enterprises and small & medium enterprises. On the basis of industry, the sub-markets include telecom & IT, banking, transportation & logistics, financial services & insurance, retail, healthcare, energy, and others.


Document Capture Software Market

 

Companies Profiled:

The report provides profiles of the companies in the market such as KOFAX INC., KnowledgeLake, Eastman Kodak Company, IBM Corporation, Hyland Software, Inc., Ephesoft Inc, Dell Inc, DocStar, CAPSYS Technologies, Inc., and Artsyl Technologies, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the document capture software market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount