Global Document Analysis Market to Reach $101.6 Billion by 2030
The global market for Document Analysis estimated at US$5.5 Billion in the year 2023, is expected to reach US$101.6 Billion by 2030, growing at a CAGR of 51.8% over the period 2023-2030. On-Premise Deployment, one of the segments analyzed in the report, is expected to record 53.9% CAGR and reach US$65.2 Billion by the end of the analysis period. Growth in the Cloud Deployment segment is estimated at 48.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 60% CAGR
The Document Analysis market in the U.S. is estimated at US$1.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.6 Billion by the year 2030 trailing a CAGR of 60% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 41.7% and 47.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 44.8% CAGR.
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