Optical Character Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Software, Services); End-user (BFSI, Government, IT and Telecom, Retail, Education, Healthcare, Others) and Geography

Report Code: TIPRE00008378 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

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MARKET OVERVIEW

  •  ptical character recognition (OCR) is a technology that exactly identifies written and published text characters by a computer. It involves various componentsuch as location segmentation, scanning, feature extraction, recognition post processing and preprocessing. In addition, it consists analysis of the scanned-in image, the conversion of character image to character codes and photo scanning of the text. OCR software is also used to extract data from scanned documents or camera images, allowing the user to access and edit the contents of the original document.

    MARKET SCOPE

    The "Global Optical Character Recognition Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the optical character recognition market with detailed market segmentation by offering, end user and geography. The report provides key statistics on the market status of the leading optical character recognition market players and offers key trends and opportunities in the market.
    MARKET SEGMENTATION

    •   Based on offering, the global optical character recognition market is segmented into software, services
    •   On the basis of end user, the market is segmented into BFSI, government, IT and telecom, retail, education, healthcare, others

    MARKET DYNAMICS
    Drivers:

    •   Increasing penetration of automatic recognition systems and increase in productivity are the major driving factor for the growth of optical character recognition market.

    Restraints

    •   High resolution or high quality can hamper the growth of market

    REGIONAL FRAMEWORK

    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The optical character recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

    The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the optical character recognition market in these regions.

    IMPACT OF COVID-19 ON OPTICAL CHARACTER RECOGNITION MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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    MARKET PLAYERS


    The report covers key developments in the optical character recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from optical character recognition market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

    The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the optical character recognition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

    •   ABBYY
    •   Accusoft Corporation
    •   Adobe Systems Incorporated
    •   Anyline GmbH
    •   CVISION Technologies, Inc.
    •   Google LLC
    •   IBM Corp.
    •   IRIS S.A.
    •   Microsoft Corporation
    •   Nuance Communications, Inc. (Kofax Inc.)


    The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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  • TABLE OF CONTENTS

    1. INTRODUCTION
    1.1. SCOPE OF THE STUDY
    1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
    1.3. MARKET SEGMENTATION
    1.3.1 Optical Character Recognition Market - By Offering
    1.3.2 Optical Character Recognition Market - By End-user
    1.3.3 Optical Character Recognition Market - By Region
    1.3.3.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. OPTICAL CHARACTER RECOGNITION MARKET LANDSCAPE
    4.1. OVERVIEW
    4.2. PORTER’S FIVE FORCES ANALYSIS
    4.2.1 Bargaining Power of Buyers
    4.2.1 Bargaining Power of Suppliers
    4.2.1 Threat of Substitute
    4.2.1 Threat of New Entrants
    4.2.1 Competitive Rivalry
    4.3. ECOSYSTEM ANALYSIS
    4.4. EXPERT OPINIONS

    5. OPTICAL CHARACTER RECOGNITION MARKET - KEY MARKET DYNAMICS
    5.1. KEY MARKET DRIVERS
    5.2. KEY MARKET RESTRAINTS
    5.3. KEY MARKET OPPORTUNITIES
    5.4. FUTURE TRENDS
    5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

    6. OPTICAL CHARACTER RECOGNITION MARKET - GLOBAL MARKET ANALYSIS
    6.1. OPTICAL CHARACTER RECOGNITION - GLOBAL MARKET OVERVIEW
    6.2. OPTICAL CHARACTER RECOGNITION - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING/MARKET SHARE

    7. OPTICAL CHARACTER RECOGNITION MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
    7.1. OVERVIEW
    7.2. OFFERING MARKET FORECASTS AND ANALYSIS
    7.3. SOFTWARE
    7.3.1. Overview
    7.3.2. Software Market Forecast and Analysis
    7.3.3. Desktop-based Market
    7.3.3.1. Overview
    7.3.3.2. Desktop-based Market Forecast and Analysis
    7.3.4. Mobile-based Market
    7.3.4.1. Overview
    7.3.4.2. Mobile-based Market Forecast and Analysis
    7.3.5. Cloud-Based Market
    7.3.5.1. Overview
    7.3.5.2. Cloud-Based Market Forecast and Analysis
    7.3.6. Others Market
    7.3.6.1. Overview
    7.3.6.2. Others Market Forecast and Analysis
    7.4. SERVICES
    7.4.1. Overview
    7.4.2. Services Market Forecast and Analysis
    7.4.3. Consulting Market
    7.4.3.1. Overview
    7.4.3.2. Consulting Market Forecast and Analysis
    7.4.4. Outsourcing Market
    7.4.4.1. Overview
    7.4.4.2. Outsourcing Market Forecast and Analysis
    7.4.5. Implementation and Integration Market
    7.4.5.1. Overview
    7.4.5.2. Implementation and Integration Market Forecast and Analysis
    8. OPTICAL CHARACTER RECOGNITION MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
    8.1. OVERVIEW
    8.2. END-USER MARKET FORECASTS AND ANALYSIS
    8.3. BFSI
    8.3.1. Overview
    8.3.2. BFSI Market Forecast and Analysis
    8.4. GOVERNMENT
    8.4.1. Overview
    8.4.2. Government Market Forecast and Analysis
    8.5. IT AND TELECOM
    8.5.1. Overview
    8.5.2. IT and Telecom Market Forecast and Analysis
    8.6. RETAIL
    8.6.1. Overview
    8.6.2. Retail Market Forecast and Analysis
    8.7. EDUCATION
    8.7.1. Overview
    8.7.2. Education Market Forecast and Analysis
    8.8. HEALTHCARE
    8.8.1. Overview
    8.8.2. Healthcare Market Forecast and Analysis
    8.9. OTHERS
    8.9.1. Overview
    8.9.2. Others Market Forecast and Analysis

    9. OPTICAL CHARACTER RECOGNITION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    9.1. NORTH AMERICA
    9.1.1 North America Optical Character Recognition Market Overview
    9.1.2 North America Optical Character Recognition Market Forecasts and Analysis
    9.1.3 North America Optical Character Recognition Market Forecasts and Analysis - By Offering
    9.1.4 North America Optical Character Recognition Market Forecasts and Analysis - By End-user
    9.1.5 North America Optical Character Recognition Market Forecasts and Analysis - By Countries
    9.1.5.1 United States Optical Character Recognition Market
    9.1.5.1.1 United States Optical Character Recognition Market by Offering
    9.1.5.1.2 United States Optical Character Recognition Market by End-user
    9.1.5.2 Canada Optical Character Recognition Market
    9.1.5.2.1 Canada Optical Character Recognition Market by Offering
    9.1.5.2.2 Canada Optical Character Recognition Market by End-user
    9.1.5.3 Mexico Optical Character Recognition Market
    9.1.5.3.1 Mexico Optical Character Recognition Market by Offering
    9.1.5.3.2 Mexico Optical Character Recognition Market by End-user
    9.2. EUROPE
    9.2.1 Europe Optical Character Recognition Market Overview
    9.2.2 Europe Optical Character Recognition Market Forecasts and Analysis
    9.2.3 Europe Optical Character Recognition Market Forecasts and Analysis - By Offering
    9.2.4 Europe Optical Character Recognition Market Forecasts and Analysis - By End-user
    9.2.5 Europe Optical Character Recognition Market Forecasts and Analysis - By Countries
    9.2.5.1 Germany Optical Character Recognition Market
    9.2.5.1.1 Germany Optical Character Recognition Market by Offering
    9.2.5.1.2 Germany Optical Character Recognition Market by End-user
    9.2.5.2 France Optical Character Recognition Market
    9.2.5.2.1 France Optical Character Recognition Market by Offering
    9.2.5.2.2 France Optical Character Recognition Market by End-user
    9.2.5.3 Italy Optical Character Recognition Market
    9.2.5.3.1 Italy Optical Character Recognition Market by Offering
    9.2.5.3.2 Italy Optical Character Recognition Market by End-user
    9.2.5.4 United Kingdom Optical Character Recognition Market
    9.2.5.4.1 United Kingdom Optical Character Recognition Market by Offering
    9.2.5.4.2 United Kingdom Optical Character Recognition Market by End-user
    9.2.5.5 Russia Optical Character Recognition Market
    9.2.5.5.1 Russia Optical Character Recognition Market by Offering
    9.2.5.5.2 Russia Optical Character Recognition Market by End-user
    9.2.5.6 Rest of Europe Optical Character Recognition Market
    9.2.5.6.1 Rest of Europe Optical Character Recognition Market by Offering
    9.2.5.6.2 Rest of Europe Optical Character Recognition Market by End-user
    9.3. ASIA-PACIFIC
    9.3.1 Asia-Pacific Optical Character Recognition Market Overview
    9.3.2 Asia-Pacific Optical Character Recognition Market Forecasts and Analysis
    9.3.3 Asia-Pacific Optical Character Recognition Market Forecasts and Analysis - By Offering
    9.3.4 Asia-Pacific Optical Character Recognition Market Forecasts and Analysis - By End-user
    9.3.5 Asia-Pacific Optical Character Recognition Market Forecasts and Analysis - By Countries
    9.3.5.1 Australia Optical Character Recognition Market
    9.3.5.1.1 Australia Optical Character Recognition Market by Offering
    9.3.5.1.2 Australia Optical Character Recognition Market by End-user
    9.3.5.2 China Optical Character Recognition Market
    9.3.5.2.1 China Optical Character Recognition Market by Offering
    9.3.5.2.2 China Optical Character Recognition Market by End-user
    9.3.5.3 India Optical Character Recognition Market
    9.3.5.3.1 India Optical Character Recognition Market by Offering
    9.3.5.3.2 India Optical Character Recognition Market by End-user
    9.3.5.4 Japan Optical Character Recognition Market
    9.3.5.4.1 Japan Optical Character Recognition Market by Offering
    9.3.5.4.2 Japan Optical Character Recognition Market by End-user
    9.3.5.5 South Korea Optical Character Recognition Market
    9.3.5.5.1 South Korea Optical Character Recognition Market by Offering
    9.3.5.5.2 South Korea Optical Character Recognition Market by End-user
    9.3.5.6 Rest of Asia-Pacific Optical Character Recognition Market
    9.3.5.6.1 Rest of Asia-Pacific Optical Character Recognition Market by Offering
    9.3.5.6.2 Rest of Asia-Pacific Optical Character Recognition Market by End-user
    9.4. MIDDLE EAST AND AFRICA
    9.4.1 Middle East and Africa Optical Character Recognition Market Overview
    9.4.2 Middle East and Africa Optical Character Recognition Market Forecasts and Analysis
    9.4.3 Middle East and Africa Optical Character Recognition Market Forecasts and Analysis - By Offering
    9.4.4 Middle East and Africa Optical Character Recognition Market Forecasts and Analysis - By End-user
    9.4.5 Middle East and Africa Optical Character Recognition Market Forecasts and Analysis - By Countries
    9.4.5.1 South Africa Optical Character Recognition Market
    9.4.5.1.1 South Africa Optical Character Recognition Market by Offering
    9.4.5.1.2 South Africa Optical Character Recognition Market by End-user
    9.4.5.2 Saudi Arabia Optical Character Recognition Market
    9.4.5.2.1 Saudi Arabia Optical Character Recognition Market by Offering
    9.4.5.2.2 Saudi Arabia Optical Character Recognition Market by End-user
    9.4.5.3 U.A.E Optical Character Recognition Market
    9.4.5.3.1 U.A.E Optical Character Recognition Market by Offering
    9.4.5.3.2 U.A.E Optical Character Recognition Market by End-user
    9.4.5.4 Rest of Middle East and Africa Optical Character Recognition Market
    9.4.5.4.1 Rest of Middle East and Africa Optical Character Recognition Market by Offering
    9.4.5.4.2 Rest of Middle East and Africa Optical Character Recognition Market by End-user
    9.5. SOUTH AND CENTRAL AMERICA
    9.5.1 South and Central America Optical Character Recognition Market Overview
    9.5.2 South and Central America Optical Character Recognition Market Forecasts and Analysis
    9.5.3 South and Central America Optical Character Recognition Market Forecasts and Analysis - By Offering
    9.5.4 South and Central America Optical Character Recognition Market Forecasts and Analysis - By End-user
    9.5.5 South and Central America Optical Character Recognition Market Forecasts and Analysis - By Countries
    9.5.5.1 Brazil Optical Character Recognition Market
    9.5.5.1.1 Brazil Optical Character Recognition Market by Offering
    9.5.5.1.2 Brazil Optical Character Recognition Market by End-user
    9.5.5.2 Argentina Optical Character Recognition Market
    9.5.5.2.1 Argentina Optical Character Recognition Market by Offering
    9.5.5.2.2 Argentina Optical Character Recognition Market by End-user
    9.5.5.3 Rest of South and Central America Optical Character Recognition Market
    9.5.5.3.1 Rest of South and Central America Optical Character Recognition Market by Offering
    9.5.5.3.2 Rest of South and Central America Optical Character Recognition Market by End-user

    10. INDUSTRY LANDSCAPE
    10.1. MERGERS AND ACQUISITIONS
    10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
    10.3. NEW PRODUCT LAUNCHES
    10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

    11. OPTICAL CHARACTER RECOGNITION MARKET, KEY COMPANY PROFILES
    11.1. ABBYY
    11.1.1. Key Facts
    11.1.2. Business Description
    11.1.3. Products and Services
    11.1.4. Financial Overview
    11.1.5. SWOT Analysis
    11.1.6. Key Developments
    11.2. ACCUSOFT CORPORATION
    11.2.1. Key Facts
    11.2.2. Business Description
    11.2.3. Products and Services
    11.2.4. Financial Overview
    11.2.5. SWOT Analysis
    11.2.6. Key Developments
    11.3. ADOBE SYSTEMS INCORPORATED
    11.3.1. Key Facts
    11.3.2. Business Description
    11.3.3. Products and Services
    11.3.4. Financial Overview
    11.3.5. SWOT Analysis
    11.3.6. Key Developments
    11.4. ANYLINE GMBH
    11.4.1. Key Facts
    11.4.2. Business Description
    11.4.3. Products and Services
    11.4.4. Financial Overview
    11.4.5. SWOT Analysis
    11.4.6. Key Developments
    11.5. CVISION TECHNOLOGIES, INC.
    11.5.1. Key Facts
    11.5.2. Business Description
    11.5.3. Products and Services
    11.5.4. Financial Overview
    11.5.5. SWOT Analysis
    11.5.6. Key Developments
    11.6. GOOGLE LLC
    11.6.1. Key Facts
    11.6.2. Business Description
    11.6.3. Products and Services
    11.6.4. Financial Overview
    11.6.5. SWOT Analysis
    11.6.6. Key Developments
    11.7. IBM CORP.
    11.7.1. Key Facts
    11.7.2. Business Description
    11.7.3. Products and Services
    11.7.4. Financial Overview
    11.7.5. SWOT Analysis
    11.7.6. Key Developments
    11.8. IRIS S.A.
    11.8.1. Key Facts
    11.8.2. Business Description
    11.8.3. Products and Services
    11.8.4. Financial Overview
    11.8.5. SWOT Analysis
    11.8.6. Key Developments
    11.9. MICROSOFT CORPORATION
    11.9.1. Key Facts
    11.9.2. Business Description
    11.9.3. Products and Services
    11.9.4. Financial Overview
    11.9.5. SWOT Analysis
    11.9.6. Key Developments
    11.10. NUANCE COMMUNICATIONS, INC. (KOFAX INC.)
    11.10.1. Key Facts
    11.10.2. Business Description
    11.10.3. Products and Services
    11.10.4. Financial Overview
    11.10.5. SWOT Analysis
    11.10.6. Key Developments

    12. APPENDIX
    12.1. ABOUT THE INSIGHT PARTNERS
    12.2. GLOSSARY OF TERMS
    The List of Companies

    1. ABBYY
    2. Accusoft Corporation
    3. Adobe Systems Incorporated
    4. Anyline GmbH
    5. CVISION Technologies, Inc.
    6. Google LLC
    7. IBM Corp.
    8. IRIS S.A.
    9. Microsoft Corporation
    10. Nuance Communications, Inc. (Kofax Inc.)
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