Optical Character Recognition Market 2027 by Component, End-user and Geography | The Insight Partners

Optical Character Recognition Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Component (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
Covid
MARKET INTRODUCTION


Optical character recognition (OCR) is the electronic or mechanical conversion of images, handwritten, and printed text into machine-encoded text. It is used to convert the physical form of data into digital form. OCR software allows achieving more productivity as it enables fast retrieval of data when needed, hence raising the adoption of the OCR that propels the growth of the optical character recognition market. The growing need for OCR to create a digital form of document in IT and telecom, education, retail sector are also influence the growth of the market.

MARKET DYNAMICS

Optical character recognition is a method of converting a scanned image into text. Increasing digitalization across the enterprises are driving the growth of the optical character recognition market. The various benefits offered by the OCR, such as higher productivity, high accuracy, reduce error, makes document editable, and cost reduction. Hence, increases in the demand for OCR that fuels the growth of the market. The increasing use of OCR in BSFI, healthcare, and government sectors to creating digital copies of invoices, checks, passport, business card, and other documents that are expected to grow demand for the optical character recognition market.

MARKET SCOPE


The "Global Optical Character Recognition Market Analysis To 2027" is a specialized and in-depth study of the optical character recognition industry with a special focus on the global market trend analysis. The report aims to provide an overview optical character recognition market with detailed market segmentation by component, end-user, and geography. The global optical character recognition market is expected to witness high growth during the forecast period. 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 optical character recognition market.

MARKET SEGMENTATION

The global optical character recognition market is segmented on the basis of component, end-user. On the basis of component the market is segmented as software, services. On the basis of end-user the market is segmented as BFSI, government, IT and telecom, retail, education, healthcare, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global optical character recognition market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), 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 analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting optical character recognition market from both demand and supply side and further evaluates market dynamics effecting the market during 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 effecting the optical character recognition market in these regions.



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MARKET PLAYERS


The reports cover 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 market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from optical character recognition market are anticipated to lucrative growth opportunities in the future with the rising demand for optical character recognition in the global market. Below mentioned is the list of few companies engaged in the optical character recognition market.

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

- ABBYY
- Accusoft Corporation
- Adobe Systems Incorporated
- Anyline GmbH
- CVISION Technologies, Inc.
- Google LLC
- International Business Machines Corporation
- LEAD Technologies Inc.
- Microsoft Corporation
- Nuance Communications, 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 Component
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. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

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 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. OPTICAL CHARACTER RECOGNITION MARKET - REVENUE AND FORECASTS TO 2027 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT 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 2027 - 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 2027 - 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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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 Component
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. INTERNATIONAL BUSINESS MACHINES CORPORATION
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. LEAD TECHNOLOGIES INC.
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.
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. International Business Machines Corporation
8. LEAD Technologies Inc.
9. Microsoft Corporation
10. Nuance Communications, Inc.
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