Europe Optical Character Recognition Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report denotes that the optical character recognition market in Europe is anticipated to advance at a CAGR of 15.22% in value during the forecast years 2022-2028. Italy, Spain, France, Germany, Poland, the United Kingdom, and the Rest of Europe outline the market in the region.
In France, paper documents are scanned using OCR technology. This technology helps industries accurately interact with clients who cannot deliver data in a structured format. Moreover, it simplifies data to enable users to easily access documents. The OCR technology bridges the gap between technology and operations that were earlier carried out manually, resulting in a high volume of physical documents. Therefore, the rising benefits of this technology widen the scope of the optical character recognition market.
In Spain, OCR is widely used for converting text from handwritten documents into digital formats. These documents are easily modified, stored, or altered at any time. In this regard, the integration of OCR in machine learning and AI models further surges its adoption rate across the nation. The country employs both traditional and handwritten OCRs, extracting information differently. Therefore, the rising demand for OCR for accurate pattern recognition boosts the optical character recognition market.
COMPETITIVE OUTLOOK
The notable firms in the market are Adobe Systems Inc, Google LLC, IBM, Nuance Communications Inc, Anyline GmbH, Lead Technologies, and Foxit Software Inc.
- 1. Europe Optical Character Recognition Market - Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Optical Character Recognition Market
- 2.2. Key Insights
- 2.2.1. Increasing Investments In Ocr Start-up Companies
- 2.2.2. Rise In Benefits Of Integrated Technologies
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Market Attractiveness Index
- 2.5. Vendor Scorecard
- 2.6. Industry Components
- 2.7. Key Market Strategies
- 2.7.1. Mergers
- 2.7.2. Product Launches
- 2.7.3. Partnerships
- 2.7.4. Business Expansions
- 2.8. Market Drivers
- 2.8.1. Advanced Document Protection And Better Customer Support
- 2.8.2. Growing Implementation Of Ocr Solutions In Advanced Technology
- 2.8.3. Rise In Ocr Adoption Across Diversified Industry Verticals
- 2.9. Market Challenges
- 2.9.1. Limitations In Delivering Accurate Output
- 2.9.2. Lack Of Accuracy In Recognizing Handwritten Material
- 2.10. Market Opportunities
- 2.10.1. Increasing Digitalization Practices Across The Globe
- 2.10.2. Rising Need For Id Verification Service
- 3. Europe Optical Character Recognition Market Outlook - By Product
- 3.1. Software
- 3.2. Service
- 4. Europe Optical Character Recognition Market Outlook - By Operation
- 4.1. B2b
- 4.2. B2c
- 5. Europe Optical Character Recognition Market Outlook - By Vertical
- 5.1. Bfsi
- 5.2. Transport & Logistics
- 5.3. Healthcare
- 5.4. Government
- 5.5. Education
- 5.6. It & Telecom
- 5.7. Manufacturing
- 5.8. Retail
- 5.9. Others
- 6. Europe Optical Character Recognition Market – Country Outlook
- 6.1. United Kingdom
- 6.2. Germany
- 6.3. France
- 6.4. Spain
- 6.5. Italy
- 6.6. Poland
- 6.7. Rest Of Europe
- 7. Competitive Landscape
- 7.1. Google Llc
- 7.2. Ibm
- 7.3. Microsoft Corporation
- 7.4. Adobe Systems Inc
- 7.5. Nuance Communications Inc
- 7.6. Abbyy
- 7.7. Anyline Gmbh
- 7.8. Captricity Inc (Acquired By Ss&C)
- 7.9. Creaceed
- 7.10. Foxit Software Inc
- 7.11. Expervision Inc
- 7.12. Intsig Information Co Ltd
- 7.13. Iris Group Sa
- 7.14. Lead Technologies
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- Table List
- Table 1: Europe Optical Character Recognition Market, By Country, 2022-2028 (In $ Million)
- Table 2: Vendor Scorecard
- Table 3: List Of Mergers
- Table 4: List Of Product Launches
- Table 5: List Of Partnerships
- Table 6: List Of Business Expansions
- Table 7: Europe Optical Character Recognition Market, By Product, 2022-2028 (In $ Million)
- Table 8: Europe Optical Character Recognition Market, By Operation, 2022-2028 (In $ Million)
- Table 9: Europe Optical Character Recognition Market, By Vertical, 2022-2028 (In $ Million)
- Table 10: Europe Optical Character Recognition Market, By Country, 2022-2028 (In $ Million)
- Figure List
- Figure 1: Market Attractiveness Index
- Figure 2: Industry Components
- Figure 3: Europe Optical Character Recognition Market, Product Outlook, 2021 & 2028 (In %)
- Figure 4: Europe Optical Character Recognition Market, By Software, 2022-2028 (In $ Million)
- Figure 5: Europe Optical Character Recognition Market, By Service, 2022-2028 (In $ Million)
- Figure 6: Europe Optical Character Recognition Market, Operation Outlook, 2021 & 2028 (In %)
- Figure 7: Europe Optical Character Recognition Market, By B2b, 2022-2028 (In $ Million)
- Figure 8: Europe Optical Character Recognition Market, By B2c, 2022-2028 (In $ Million)
- Figure 9: Europe Optical Character Recognition Market, Vertical Outlook, 2021 & 2028 (In %)
- Figure 10: Europe Optical Character Recognition Market, By Bfsi, 2022-2028 (In $ Million)
- Figure 11: Europe Optical Character Recognition Market, By Transport & Logistics, 2022-2028 (In $ Million)
- Figure 12: Europe Optical Character Recognition Market, By Healthcare, 2022-2028 (In $ Million)
- Figure 13: Europe Optical Character Recognition Market, By Government, 2022-2028 (In $ Million)
- Figure 14: Europe Optical Character Recognition Market, By Education, 2022-2028 (In $ Million)
- Figure 15: Europe Optical Character Recognition Market, By It & Telecom, 2022-2028 (In $ Million)
- Figure 16: Europe Optical Character Recognition Market, By Manufacturing, 2022-2028 (In $ Million)
- Figure 17: Europe Optical Character Recognition Market, By Retail, 2022-2028 (In $ Million)
- Figure 18: Europe Optical Character Recognition Market, By Others, 2022-2028 (In $ Million)
- Figure 19: Europe Optical Character Recognition Market, Country Outlook, 2021 & 2028 (In %)
- Figure 20: United Kingdom Optical Character Recognition Market 2022-2028 (In $ Million)
- Figure 21: Germany Optical Character Recognition Market 2022-2028 (In $ Million)
- Figure 22: France Optical Character Recognition Market 2022-2028 (In $ Million)
- Figure 23: Spain Optical Character Recognition Market 2022-2028 (In $ Million)
- Figure 24: Italy Optical Character Recognition Market 2022-2028 (In $ Million)
- Figure 25: Poland Optical Character Recognition Market 2022-2028 (In $ Million)
- Figure 26: Rest Of Europe Optical Character Recognition Market 2022-2028 (In $ Million)
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