Market Overview:
The global optical character recognition (OCR) software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for OCR software from various end-user industries, such as personal perpetual, enterprise perpetual, and government & defense. In addition, the growing trend of digitization is also fueling the growth of this market.
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Product Definition:
Optical character recognition (OCR) is the process of recognizing text in images and converting it into machine-readable form. OCR software can be used to scan documents into a searchable digital format, making them easier to access and edit. OCR technology is also used in scanning applications such as passport control, customs inspection, and product barcode scanning.
Web-Based:
The global web-based OCR software market size was valued at USD 1.5 billion in 2015 and is expected to witness a significant growth owing to the increasing demand for cloud-based solutions. The growing penetration of internet across the globe, rising usage of smartphones & tablets, and increasing online document storage are some factors that are anticipated to drive the industry growth over the forecast period.
On-Premise:
On-premise software is a type of software that is installed and used on the end user's own computer. The data entered by the user in a form of text or numbers are then sent to the server for processing. The processed data is then displayed on screen as an image or text, which can be accepted as validating input by other programs.
Application Insights:
The global on-premise enterprise perpetual segment held the largest market share of over 60% in 2017. The growth can be attributed to the increasing adoption of OCR software for scanning and processing paper documents at an enterprise level. Various organizations are adopting cloud-based solutions, however, these solutions are only adopted by certain organizations as they require a high initial investment. This is likely to hamper the industry growth during the forecast period.
The personal perpetual segment is expected to witness lucrative growth over the forecast period owing to increased use of smartphones and tablets across various regions including Asia Pacific and Latin America.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, increased adoption rate of advanced technologies, and high demand for automation in various industries. The U.S.-based companies are focusing on developing innovative solutions that can read any type of text from any language with accuracy and speed using OCR software.
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing penetration rates for optical character recognition software among small & medium enterprises (SMEs), rapid technological advancements, rising awareness about these solutions amongst users, and growing penetration rates for internet services & devices amongst all segments including corporate sector and individual consumers.
Growth Factors:
- Increasing demand for automation in businesses
- Growing number of online documents and books
- Rising need to manage and process large data volumes
- Proliferation of mobile devices and BYOD policies in organizations
- Increased focus on security and compliance
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Character Recognition(OCR) Software Market Research Report
By Type
Web-Based, On-Premise
By Application
Personal Perpetual, Enterprise Perpetual
By Companies
Adobe, ABBYY Software House, Hyland Software, Docuphase, Alfresco, ByteScout, OnlineOCR, CVISION Technologies, MB Mygtukynas, Cognex, FreeOCR, GRM Information Management, Anyline
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Optical Character Recognition(OCR) Software Market Report Segments:
The global Optical Character Recognition(OCR) Software market is segmented on the basis of:
Types
Web-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
Personal Perpetual, Enterprise Perpetual
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:
- Adobe
- ABBYY Software House
- Hyland Software
- Docuphase
- Alfresco
- ByteScout
- OnlineOCR
- CVISION Technologies
- MB Mygtukynas
- Cognex
- FreeOCR
- GRM Information Management
- Anyline
 Software Market Overview.svg)
Highlights of The Optical Character Recognition(OCR) 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:
- Web-Based
- On-Premise
- By Application:
- Personal Perpetual
- Enterprise Perpetual
- 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 Optical Character Recognition(OCR) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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?
Optical Character Recognition (OCR) software is a computer program that can read and interpret text from scanned images.
Some of the major players in the optical character recognition(ocr) software market are Adobe, ABBYY Software House, Hyland Software, Docuphase, Alfresco, ByteScout, OnlineOCR, CVISION Technologies, MB Mygtukynas, Cognex, FreeOCR, GRM Information Management, Anyline.
The optical character recognition(ocr) software market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size & Forecast, 2018-2028
4.5.1 Optical Character Recognition(OCR) Software Market Size and Y-o-Y Growth
4.5.2 Optical Character Recognition(OCR) Software Market Absolute $ Opportunity
Chapter 5 Global Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size Forecast by Type
5.2.1 Web-Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size Forecast by Applications
6.2.1 Personal Perpetual
6.2.2 Enterprise Perpetual
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Analysis and Forecast
9.1 Introduction
9.2 North America Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size Forecast by Type
9.6.1 Web-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 Optical Character Recognition(OCR) Software Market Size Forecast by Applications
9.10.1 Personal Perpetual
9.10.2 Enterprise Perpetual
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 Optical Character Recognition(OCR) Software Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size Forecast by Type
10.6.1 Web-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 Optical Character Recognition(OCR) Software Market Size Forecast by Applications
10.10.1 Personal Perpetual
10.10.2 Enterprise Perpetual
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 Optical Character Recognition(OCR) Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size Forecast by Type
11.6.1 Web-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 Optical Character Recognition(OCR) Software Market Size Forecast by Applications
11.10.1 Personal Perpetual
11.10.2 Enterprise Perpetual
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 Optical Character Recognition(OCR) Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Character Recognition(OCR) 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 Optical Character Recognition(OCR) Software Market Size Forecast by Type
12.6.1 Web-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 Optical Character Recognition(OCR) Software Market Size Forecast by Applications
12.10.1 Personal Perpetual
12.10.2 Enterprise Perpetual
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) Optical Character Recognition(OCR) Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Character Recognition(OCR) 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) Optical Character Recognition(OCR) Software Market Size Forecast by Type
13.6.1 Web-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) Optical Character Recognition(OCR) Software Market Size Forecast by Applications
13.10.1 Personal Perpetual
13.10.2 Enterprise Perpetual
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 Optical Character Recognition(OCR) Software Market: Competitive Dashboard
14.2 Global Optical Character Recognition(OCR) Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adobe
14.3.2 ABBYY Software House
14.3.3 Hyland Software
14.3.4 Docuphase
14.3.5 Alfresco
14.3.6 ByteScout
14.3.7 OnlineOCR
14.3.8 CVISION Technologies
14.3.9 MB Mygtukynas
14.3.10 Cognex
14.3.11 FreeOCR
14.3.12 GRM Information Management
14.3.13 Anyline
