Market Overview:
The global document capture software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based and on premise document capture software solutions across different industry verticals. The retail sector is expected to account for the largest share of the global document capture software market in 2018, followed by banking, financial services & insurance (BFSI), telecom & IT, healthcare, transportation & logistics, and energy sectors. North America is expected to account for the largest share of the global document capture software market in 2018, followed by Europe and Asia Pacific.
Product Definition:
This software is used to scan, capture, and store documents electronically. This can improve efficiency and organization within a business.
Cloud-based:
Cloud-based software is a type of software service model that provides shared computer resources over the internet. The cloud-based system has witnessed significant growth in recent years and is expected to witness high demand due to its cost effectiveness, reliability, and efficiency. Cloud computing offers benefits such as increased data storage space with reduced costs; it also helps organizations focus on their core business activities rather than spending time on IT infrastructure management.
On Premise:
On premise is a term used for software or hardware installation at the customer's site. The on-premise solution is an internal data management system that allows organizations to store and manage their critical information. It offers benefits such as easy retrieval of data, reduced cost due to no internet connection required, and low risk due to physical presence of IT staff in the organization.
Application Insights:
The market is segmented by application into retail, banking, financial services & insurance, telecom & IT, healthcare, transportation & logistics and energy. The retail sector accounted for the largest share in 2016 owing to the increasing number of e-commerce transactions. The need for maintaining accurate transaction records has increased with an increase in online shopping activities across the globe. As a result, demand from retailers for automating business processes such as order processing and document scanning is rising significantly across various industries worldwide.
The banking sector is expected to emerge as one of the prominent sectors driving demand over forecast period due to stringent regulations regarding data security imposed after several high-profile data breaches at banks and other institutions over recent years globally including 2014 COVID-19 pandemic where millions of documents were captured within hours using cloud based DDCS solutions while trying to leave affected areas which eventually led to containing COVID-19 virus globally within few days without affecting even a single human being outside (involving) .
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of major vendors such as Autonomy Corporation, Adobe Systems Inc., and Salesforce.com, Inc. Moreover, increasing adoption of cloud-based solutions is expected to drive demand for global document capture software in this region over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising investments by prominent players in countries such as China and India for developing innovative solutions coupled with growing need for improving customer experience are some factors driving regional market growth. Furthermore, government initiatives encouraging usage of open source software are also expected to contribute toward industry expansion over the coming years ‰â€˜Open Government Data initiative' by Indian government has encouraged public sector entities including state governments and central government agencies/departments etc.
Growth Factors:
- Increasing demand for paperless office: The increasing demand for paperless office is one of the major growth drivers for the document capture software market. With the help of document capture software, businesses can easily scan and store documents electronically, which helps in reducing the use of paper and improving efficiency.
- Proliferation of mobile devices: The proliferation of mobile devices has led to an increase in the number of users who are looking for solutions that can help them work on-the-go. Document capture software provides users with a convenient way to access and manage their documents from anywhere at any time.
- Rising need to improve business process efficiency: Businesses are under pressure to improve their process efficiency in order to remain competitive in today’s global economy. Document capture software helps businesses streamline their workflow by automating common tasks such as scanning, indexing, and routing documents. This leads to improved productivity and reduced costs associated with processing paperwork manually .
Scope Of The Report
Report Attributes
Report Details
Report Title
Document Capture Software Market Research Report
By Type
Cloud-based, On Premise
By Application
Retail, Banking, Financial Services & Insurance, Telecom & IT, Healthcare, Transportation & Logistics, Energy, Others
By Companies
ABBYY Software, Hyland Software, Canon, Capsys, Adobe Systems, EMC, KnowledgeLake, IBM, Kofax, Oracle, Omtool, Perceptive Software, Xerox, Readsoft, Notable Solutions, DocuLex, Outback imaging Pty, Nuance Communications, Kodak
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Document Capture Software Market Report Segments:
The global Document Capture Software market is segmented on the basis of:
Types
Cloud-based, On Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Banking, Financial Services & Insurance, Telecom & IT, Healthcare, Transportation & Logistics, Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABBYY Software
- Hyland Software
- Canon
- Capsys
- Adobe Systems
- EMC
- KnowledgeLake
- IBM
- Kofax
- Oracle
- Omtool
- Perceptive Software
- Xerox
- Readsoft
- Notable Solutions
- DocuLex
- Outback imaging Pty
- Nuance Communications
- Kodak
Highlights of The Document Capture Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On Premise
- By Application:
- Retail
- Banking
- Financial Services & Insurance
- Telecom & IT
- Healthcare
- Transportation & Logistics
- Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Document Capture Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Document capture software is a type of software that helps users take and manage digital documents. This type of software can be used to create, edit, and store digital documents. It may also include features for sharing and managing these documents with other people or organizations.
Some of the key players operating in the document capture software market are ABBYY Software, Hyland Software, Canon, Capsys, Adobe Systems, EMC, KnowledgeLake, IBM, Kofax, Oracle, Omtool, Perceptive Software, Xerox, Readsoft, Notable Solutions, DocuLex, Outback imaging Pty, Nuance Communications, Kodak.
The document capture software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Document Capture Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Document Capture Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Document Capture Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Document Capture Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Document Capture Software Market Size & Forecast, 2018-2028
4.5.1 Document Capture Software Market Size and Y-o-Y Growth
4.5.2 Document Capture Software Market Absolute $ Opportunity
Chapter 5 Global Document Capture Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Document Capture Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Document Capture Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Document Capture Software Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Banking
6.2.3 Financial Services & Insurance
6.2.4 Telecom & IT
6.2.5 Healthcare
6.2.6 Transportation & Logistics
6.2.7 Energy
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Document Capture Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Document Capture Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Document Capture Software Analysis and Forecast
9.1 Introduction
9.2 North America Document Capture Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Document Capture Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Document Capture Software Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Banking
9.10.3 Financial Services & Insurance
9.10.4 Telecom & IT
9.10.5 Healthcare
9.10.6 Transportation & Logistics
9.10.7 Energy
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Document Capture Software Analysis and Forecast
10.1 Introduction
10.2 Europe Document Capture Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Document Capture Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Document Capture Software Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Banking
10.10.3 Financial Services & Insurance
10.10.4 Telecom & IT
10.10.5 Healthcare
10.10.6 Transportation & Logistics
10.10.7 Energy
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Document Capture Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Document Capture Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Document Capture Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Document Capture Software Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Banking
11.10.3 Financial Services & Insurance
11.10.4 Telecom & IT
11.10.5 Healthcare
11.10.6 Transportation & Logistics
11.10.7 Energy
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Document Capture Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Document Capture Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Document Capture Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Document Capture Software Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Banking
12.10.3 Financial Services & Insurance
12.10.4 Telecom & IT
12.10.5 Healthcare
12.10.6 Transportation & Logistics
12.10.7 Energy
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Document Capture Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Document Capture Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Document Capture Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Document Capture Software Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Banking
13.10.3 Financial Services & Insurance
13.10.4 Telecom & IT
13.10.5 Healthcare
13.10.6 Transportation & Logistics
13.10.7 Energy
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Document Capture Software Market: Competitive Dashboard
14.2 Global Document Capture Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABBYY Software
14.3.2 Hyland Software
14.3.3 Canon
14.3.4 Capsys
14.3.5 Adobe Systems
14.3.6 EMC
14.3.7 KnowledgeLake
14.3.8 IBM
14.3.9 Kofax
14.3.10 Oracle
14.3.11 Omtool
14.3.12 Perceptive Software
14.3.13 Xerox
14.3.14 Readsoft
14.3.15 Notable Solutions
14.3.16 DocuLex
14.3.17 Outback imaging Pty
14.3.18 Nuance Communications
14.3.19 Kodak
