About Document Imaging Softwares
Document Imaging Softwares are computer programs used to store, manage and track electronic documents and electronic images of paper-based information captured through the use of a document scanner. This software provides simultaneous access to the same document by multiple users. It automatically organizes captured documents and information as well as enables access to required documents and information from anywhere in the world using cloud storage. Increasing adoption of cloud document imaging software has driven the global market growth
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Document Imaging Softwares Market, it has been observed that most of the companies are upgrading or introducing innovative software. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Document Imaging Softwares market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABBYY (Russia), Hyland Software Inc. (United States), Canon Inc. (Japan), Capsys Corp. (United States), Adobe Systems (United States), Dell EMC (United States), IBM Corporation (United States), Kofax Inc. (United States), Oracle Corporation (United States), Omtool Ltd. (United States), Perceptive Software (United States), Xerox Holdings Corporation (United States), Readsoft Inc. (Sweden), Notable Solutions Inc. (United States), DocuLex Inc (United States), Outback imaging Pty Ltd (Australia), Nuance Communications Inc. (United States) and Eastman Kodak Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Document Imaging Softwares market by Type (Automatic Imaging and Manual Imaging) and Region.
On the basis of geography, the market of Document Imaging Softwares has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Software Subscription, the sub-segment i.e. Monthly will boost the Document Imaging Softwares market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software Type, the sub-segment i.e. Freeware will boost the Document Imaging Softwares market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Premium will boost the Document Imaging Softwares market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud-based will boost the Document Imaging Softwares market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Government will boost the Document Imaging Softwares market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of Digitalized Medical Records and Demand for Freeware Softwares
Market Growth Drivers:
Availability of Various Document Management Tools, Increasing Adoption of Cloud Document Imaging Software and Emergence of SaaS based Software Solutions
Challenges:
OCR accuracy can be problematic for handwritten documents, foreign languages, or poor-quality scans.
Restraints:
Technical Issues Related to Professional Expertise
Opportunities:
Increasing Demand for web-based Document Management Solutions and Benefits of Cost and Time Savings
Market Leaders and their expansionary development strategies
In February 2021, ORPALIS Imaging Technologies Acquires Experts in Searchable PDFs and Document Automation Aquaforest. In this acquisition, the French publisher of developer components for PDF and document imaging extends its offer of enterprise software solutions.
October 2023,Canon has launched of its image FORMULA DR-S250N, a reliable, secure and productive compact desktop scanner, designed to serve busy modern workspaces. The DR-S250N facilitates quick and easy scanning and document sharing from a wide range of devices, allowing businesses to meet the needs of a more flexible workplace.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Document Imaging Software Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.