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Middle East And Africa Optical Character Recognition Market 2022-2028

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 105 Pages Triton Market Research July, 2022 TRTN17307656
Best Price Guarantee
Price from $1,500
Length 105 Pages
Publisher Triton Market Research
Published Date July, 2022
SKU TRTN17307656

Middle East And Africa Optical Character Recognition Market 2022-2028

MARKET OUTLOOK

Triton Market Research’s report states that the Middle East and Africa optical character recognition market is anticipated to advance at a compound annual growth rate of 16.11% during the forecast years 2022-2028. South Africa, the UAE, Saudi Arabia, Turkey, and Rest of Middle East & Africa outline the market in the region.

Turkey has widely used optical character recognition systems to convert documents into digital forms. Moreover, commercial and open-source OCR systems are available for numerous applications. OCR systems have been beneficial in recording printed manuscripts in readable and treatable formats, preserving the country’s history. In this regard, the Research Centre for Islamic History, Art, and Culture developed the OCR for the Ottoman language, which was earlier unavailable. Therefore, the advancements in OCR systems positions the optical character recognition market on a growth path.

In South Africa, the Deeds Registry currently faces issues of backlog in registering a large volume of title deeds. As a result, automation of manual data capture was tested using OCR to surge the number of deeds processed daily. The preliminary results have shown significant accuracy. Therefore, these factors mentioned above are fueling the optical character recognition market.

COMPETITIVE OUTLOOK

The prominent companies in the market consist of IBM, Nuance Communications Inc, Google LLC, Microsoft Corporation, Abobe Systems Inc, and Anyline GmbH.


1. Middle East And Africa 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 Solution 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. Middle East And Africa Optical Character Recognition Market Outlook - By Product
3.1. Software
3.2. Service
4. Middle East And Africa Optical Character Recognition Market Outlook - By Operation
4.1. B2b
4.2. B2c
5. Middle East And Africa 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. Middle East And Africa Optical Character Recognition Market – Country Outlook
6.1. United Arab Emirates
6.2. Saudi Arabia
6.3. Turkey
6.4. South Africa
6.5. Rest Of Middle East & Africa
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: Middle East And Africa 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: Middle East And Africa Optical Character Recognition Market, By Product, 2022-2028 (In $ Million)
Table 8: Middle East And Africa Optical Character Recognition Market, By Operation, 2022-2028 (In $ Million)
Table 9: Middle East And Africa Optical Character Recognition Market, By Vertical, 2022-2028 (In $ Million)
Table 10: Middle East And Africa Optical Character Recognition Market, By Country, 2022-2028 (In $ Million)
Figure List
Figure 1: Market Attractiveness Index
Figure 2: Industry Components
Figure 3: Middle East And Africa Optical Character Recognition Market, Product Outlook, 2021 & 2028 (In %)
Figure 4: Middle East And Africa Optical Character Recognition Market, By Software, 2022-2028 (In $ Million)
Figure 5: Middle East And Africa Optical Character Recognition Market, By Service, 2022-2028 (In $ Million)
Figure 6: Middle East And Africa Optical Character Recognition Market, Operation Outlook, 2021 & 2028 (In %)
Figure 7: Middle East And Africa Optical Character Recognition Market, By B2b, 2022-2028 (In $ Million)
Figure 8: Middle East And Africa Optical Character Recognition Market, By B2c, 2022-2028 (In $ Million)
Figure 9: Middle East And Africa Optical Character Recognition Market, Vertical Outlook, 2021 & 2028 (In %)
Figure 10: Middle East And Africa Optical Character Recognition Market, By Bfsi, 2022-2028 (In $ Million)
Figure 11: Middle East And Africa Optical Character Recognition Market, By Transport & Logistics, 2022-2028 (In $ Million)
Figure 12: Middle East And Africa Optical Character Recognition Market, By Healthcare, 2022-2028 (In $ Million)
Figure 13: Middle East And Africa Optical Character Recognition Market, By Government, 2022-2028 (In $ Million)
Figure 14: Middle East And Africa Optical Character Recognition Market, By Education, 2022-2028 (In $ Million)
Figure 15: Middle East And Africa Optical Character Recognition Market, By It & Telecom, 2022-2028 (In $ Million)
Figure 16: Middle East And Africa Optical Character Recognition Market, By Manufacturing, 2022-2028 (In $ Million)
Figure 17: Middle East And Africa Optical Character Recognition Market, By Retail, 2022-2028 (In $ Million)
Figure 18: Middle East And Africa Optical Character Recognition Market, By Others, 2022-2028 (In $ Million)
Figure 19: Middle East And Africa Optical Character Recognition Market, Country Outlook, 2021 & 2028 (In %)
Figure 20: United Arab Emirates Optical Character Recognition Market 2022-2028 (In $ Million)
Figure 21: Saudi Arabia Optical Character Recognition Market 2022-2028 (In $ Million)
Figure 22: Turkey Optical Character Recognition Market 2022-2028 (In $ Million)
Figure 23: South Africa Optical Character Recognition Market 2022-2028 (In $ Million)
Figure 24: Rest Of Middle East & Africa Optical Character Recognition Market 2022-2028 (In $ Million)

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