Document Capture Software Market Analysis Highlights the Impact of COVID-19 (2020-2024) | The Growing Use of Big Data Analytics to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#DocumentCaptureSoftwareMarket–Technavio has been monitoring the document capture software market and it is poised to grow by $ 3.58 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 11.34% and the incremental growth of the market is anticipated to be $ 3.58 bn during the forecast period.
  • Who are the top players in the market?
    ABBYY Solutions Ltd., Adobe Inc., Canon Inc., Dell Technologies Inc., Kofax Inc., Oracle Corp., Parashift AG, Rossum Ltd., Seiko Epson Corp., and Xerox Corp. are some of the major market participants
  • What are the key market drivers and challenges?
    The growing use of big data analytics is the major factor driving the market. However, risks of data theft and cyber attacks might hamper the market growth.
  • How big is the North American market?
    The North American region will contribute 31% of the market share

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABBYY Solutions Ltd., Adobe Inc., Canon Inc., Dell Technologies Inc., Kofax Inc., Oracle Corp., Parashift AG, Rossum Ltd., Seiko Epson Corp., and Xerox Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The growing use of big data analytics has been instrumental in driving the growth of the market. However, risks of data theft and cyber attacks might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Document Capture Software Market 2020-2024: Segmentation

Document Capture Software Market is segmented as below:

  • End-user

    • BFSI
    • Healthcare
    • Government
    • Legal
    • Others
  • Geography

    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43116

Document Capture Software Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The document capture software market report covers the following areas:

  • Document Capture Software Market Size
  • Document Capture Software Market Trends
  • Document Capture Software Market Industry Analysis

This study identifies the use of mobile-based data capture software as one of the prime reasons driving the document capture software market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Document Capture Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist document capture software market growth during the next five years
  • Estimation of the document capture software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the document capture software market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of document capture software market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • BFSI – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Government – Market size and forecast 2019-2024
  • Legal – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABBYY Solutions Ltd.
  • Adobe Inc.
  • Canon Inc.
  • Dell Technologies Inc.
  • Kofax Inc.
  • Oracle Corp.
  • Parashift AG
  • Rossum Ltd.
  • Seiko Epson Corp.
  • Xerox Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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