Global Optical Character Recognition Software Market Growth (Status and Outlook) 2023-2029

Global Optical Character Recognition Software Market Growth (Status and Outlook) 2023-2029

OCR (optical character recognition) software is designed to help businesses convert different types of document formats, such as scanned paper documents, PDF files, or images, into editable and searchable electronic data files.
LPI (LP Information)' newest research report, the “Optical Character Recognition Software Industry Forecast” looks at past sales and reviews total world Optical Character Recognition Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Optical Character Recognition Software sales for 2023 through 2029. With Optical Character Recognition Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Optical Character Recognition Software industry.
This Insight Report provides a comprehensive analysis of the global Optical Character Recognition Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Optical Character Recognition Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Optical Character Recognition Software market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Optical Character Recognition Software and breaks down the forecast by type, by end user, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Optical Character Recognition Software.
The global Optical Character Recognition Software market size is projected to grow from US$ 771.3 million in 2022 to US$ 1508.9 million in 2029; it is expected to grow at a CAGR of 10.1% from 2023 to 2029.
In the global market, the core manufacturers of optical character recognition software include ABBYY and Adobe etc, and the top 2 manufacturers account for about 10% of the market share. The market include North America, Europe and Asia Pacific, with a share of 39%, 31% and 25%. on-premises accounted for 73% and cloud-based bike accounted for 27%. The product is mainly used in large enterprises and SMEs fields, with a share of 63% and 37%.
This report presents a comprehensive overview, market shares, and growth opportunities of Optical Character Recognition Software market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
On-premises
Cloud-based
Segmentation by end user
Large Enterprises
SMEs
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABBYY
Adobe
Wondershare Software
Veryfi
Hyland Software
Docuphase
PDFTron Systems
Ephesoft
Oxcyon
Foxit Maestro
Cognex
GRM Information
EchoVera
Anyline
IRIS (Canon Group)
OCR Solutions
Prime Recognition
Trumpet Symphony

Please note: The report will take approximately 2 business days to prepare and deliver.