Global Document Imaging Market to Reach $282.6 Billion by 2030
The global market for Document Imaging estimated at US$115.9 Billion in the year 2023, is expected to reach US$282.6 Billion by 2030, growing at a CAGR of 13.6% over the period 2023-2030. Document Imaging Hardware, one of the segments analyzed in the report, is expected to record 13.3% CAGR and reach US$160.5 Billion by the end of the analysis period. Growth in the Document Imaging Software segment is estimated at 13.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $34.8 Billion, While China is Forecast to Grow at 12.7% CAGR
The Document Imaging market in the U.S. is estimated at US$34.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.9 Billion by the year 2030 trailing a CAGR of 12.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 11.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
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