PUBLISHER: Acute Market Reports | PRODUCT CODE: 1132371
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1132371
Document Capture Software Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Rising Adoption of the Cloud-based Services Across the Globe Has Increased the Demand for Document Capture Software Market
Globally, the document capture software market is expected to grow with a CAGR of 13.3% during the forecast period from 2022 to 2030 and had registered a market value of US$ 7.97 Bn by 2020. A document capture software is defined as an application used for converting physical documents into digital, resulting in a reduction of workload among the business and allows the organizations to manage the business flow. Moreover, this software also enhances customer experience and increases operational efficiencies.
The rise in IoT devices and adoption cloud-based software are some of the key factors driving the growth of the market. Additionally, this software also proves various advantages to the companies and the business such as its easy retrieval of the documents, an advantageous collaboration of the information captured and others.
Document Capture Software with Mobile Capture in its Solutions Segment Continue Dominating the Market
In 2021, the global document capture software market was dominated by the mobile capture segment in its solutions segment accounting for around 40% of the total revenue generated worldwide, and is estimated to grow with a significant CAGR over the forecast period. The mobile capture solution captures the images immediately without the requirement of paper and can share the images in real time, allowing the information to reach the destination.
North America Dominates the Market by Region
The global document capture software market was led by North America with a market share of more than 40% in the year 2020. The presence of various companies in the region such as IBM Corporation, Oracle Corporation, and other companies offers various software solutions to small and medium enterprises for capturing documents electronically. Additionally, the region is one of the earliest adopters of the technology which also contributes to the growth of the market in the region.
Some of the prominent players operating in the document capture software are BBYY Software, Adobe Systems Software Ltd., Canon, Inc., Artsyl Technologies, Inc, CAPSYS Technologies, LLC, EMC Corp., Oracle Corp. DocuLexInc (DocStar), Ephesoft Inc., IBM Corporation, Hyland Software Inc., Knowledge Lake Inc., Kofax, Inc., Kodak Company, Meniko, Nuance, Communications, Inc., Notable Solutions Inc., and Xerox Corporation.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Document Capture Software market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Document Capture Software market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Component
Multiple-Channel Capture
Cognitive Capture
Mobile Capture
Others
End-User
Retail
Government
BFSI
IT & Telecommunication
Healthcare
Transportation
Energy & Utility
Others
Organization Size
Large Enterprises
Small Enterprises
Deployment
On-Premise
Cloud
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Document Capture Software market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Document Capture Software market?
Which is the largest regional market for Document Capture Software market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Document Capture Software market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Document Capture Software market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Document Capture Software Market
- 2.2. Global Document Capture Software Market, By Component, 2021 (US$ Million)
- 2.3. Global Document Capture Software Market, By End-User, 2021 (US$ Million)
- 2.4. Global Document Capture Software Market, By Organization Size, 2021 (US$ Million)
- 2.5. Global Document Capture Software Market, By Deployment, 2021 (US$ Million)
- 2.6. Global Document Capture Software Market, By Geography, 2021 (US$ Million)
- 2.7. Impact of Covid 19
- 2.8. Attractive Investment Proposition by Geography, 2021
- 2.9. Competitive Analysis
- 2.9.1. Market Positioning of Key Document Capture Software Market Vendors
- 2.9.2. Strategies Adopted by Document Capture Software Market Vendors
- 2.9.3. Key Industry Strategies
3. Document Capture Software Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Document Capture Software Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Document Capture Software Market: By Component, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Multiple-Channel Capture
- 4.3.2. Cognitive Capture
- 4.3.3. Mobile Capture
- 4.3.4. Others
5. Document Capture Software Market: By End-User, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Retail
- 5.3.2. Government
- 5.3.3. BFSI
- 5.3.4. IT & Telecommunication
- 5.3.5. Healthcare
- 5.3.6. Transportation
- 5.3.7. Energy & Utility
- 5.3.8. Others
6. Document Capture Software Market: By Organization Size, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Large Enterprises
- 6.3.2. Small Enterprises
7. Document Capture Software Market: By Deployment, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. On-Premise
- 7.3.2. Cloud
8. North America Document Capture Software Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Document Capture Software Market: By Component, 2020-2030, USD (Million)
- 8.3. Document Capture Software Market: By End-User, 2020-2030, USD (Million)
- 8.4. Document Capture Software Market: By Organization Size, 2020-2030, USD (Million)
- 8.5. Document Capture Software Market: By Deployment, 2020-2030, USD (Million)
- 8.6.Document Capture Software Market: By Region, 2020-2030, USD (Million)
- 8.6.1.North America
- 8.6.1.1. U.S.
- 8.6.1.2. Canada
- 8.6.1.3. Rest of North America
- 8.6.1.North America
9. UK and European Union Document Capture Software Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Document Capture Software Market: By Component, 2020-2030, USD (Million)
- 9.3. Document Capture Software Market: By End-User, 2020-2030, USD (Million)
- 9.4. Document Capture Software Market: By Organization Size, 2020-2030, USD (Million)
- 9.5. Document Capture Software Market: By Deployment, 2020-2030, USD (Million)
- 9.6.Document Capture Software Market: By Region, 2020-2030, USD (Million)
- 9.6.1.UK and European Union
- 9.6.1.1. UK
- 9.6.1.2. Germany
- 9.6.1.3. Spain
- 9.6.1.4. Italy
- 9.6.1.5. France
- 9.6.1.6. Rest of Europe
- 9.6.1.UK and European Union
10. Asia Pacific Document Capture Software Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Document Capture Software Market: By Component, 2020-2030, USD (Million)
- 10.3. Document Capture Software Market: By End-User, 2020-2030, USD (Million)
- 10.4. Document Capture Software Market: By Organization Size, 2020-2030, USD (Million)
- 10.5. Document Capture Software Market: By Deployment, 2020-2030, USD (Million)
- 10.6.Document Capture Software Market: By Region, 2020-2030, USD (Million)
- 10.6.1.Asia Pacific
- 10.6.1.1. China
- 10.6.1.2. Japan
- 10.6.1.3. India
- 10.6.1.4. Australia
- 10.6.1.5. South Korea
- 10.6.1.6. Rest of Asia Pacific
- 10.6.1.Asia Pacific
11. Latin America Document Capture Software Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Document Capture Software Market: By Component, 2020-2030, USD (Million)
- 11.3. Document Capture Software Market: By End-User, 2020-2030, USD (Million)
- 11.4. Document Capture Software Market: By Organization Size, 2020-2030, USD (Million)
- 11.5. Document Capture Software Market: By Deployment, 2020-2030, USD (Million)
- 11.6.Document Capture Software Market: By Region, 2020-2030, USD (Million)
- 11.6.1.Latin America
- 11.6.1.1. Brazil
- 11.6.1.2. Mexico
- 11.6.1.3. Rest of Latin America
- 11.6.1.Latin America
12. Middle East and Africa Document Capture Software Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Document Capture Software Market: By Component, 2020-2030, USD (Million)
- 12.3. Document Capture Software Market: By End-User, 2020-2030, USD (Million)
- 12.4. Document Capture Software Market: By Organization Size, 2020-2030, USD (Million)
- 12.5. Document Capture Software Market: By Deployment, 2020-2030, USD (Million)
- 12.6.Document Capture Software Market: By Region, 2020-2030, USD (Million)
- 12.6.1.Middle East and Africa
- 12.6.1.1. GCC
- 12.6.1.2. Africa
- 12.6.1.3. Rest of Middle East and Africa
- 12.6.1.Middle East and Africa
13. Company Profile
- 13.1. BBYY Software
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Adobe Systems Software Ltd.
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Artsyl Technologies, Inc
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Canon, Inc.
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. CAPSYS Technologies LLC
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. DocuLexInc (DocStar)
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. EMC Corp.
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Ephesoft Inc.
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Hyland Software Inc.
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. IBM Corporation
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Knowledge Lake Inc.
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. Kodak Company
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
- 13.13. Kofax, Inc.
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives
- 13.14. Meniko
- 13.14.1. Company Overview
- 13.14.2. Financial Performance
- 13.14.3. Product Portfolio
- 13.14.4. Strategic Initiatives
- 13.15. Notable Solutions Inc.
- 13.15.1. Company Overview
- 13.15.2. Financial Performance
- 13.15.3. Product Portfolio
- 13.15.4. Strategic Initiatives
- 13.16. Nuance, Communications, Inc.
- 13.16.1. Company Overview
- 13.16.2. Financial Performance
- 13.16.3. Product Portfolio
- 13.16.4. Strategic Initiatives
- 13.17. Oracle Corporation
- 13.17.1. Company Overview
- 13.17.2. Financial Performance
- 13.17.3. Product Portfolio
- 13.17.4. Strategic Initiatives
- 13.18. Xerox Corporation
- 13.18.1. Company Overview
- 13.18.2. Financial Performance
- 13.18.3. Product Portfolio
- 13.18.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Document Capture Software Market By Component, 2020-2030, USD (Million)
- TABLE 2 Global Document Capture Software Market By End-User, 2020-2030, USD (Million)
- TABLE 3 Global Document Capture Software Market By Organization Size, 2020-2030, USD (Million)
- TABLE 4 Global Document Capture Software Market By Deployment, 2020-2030, USD (Million)
- TABLE 5 North America Document Capture Software Market By Component, 2020-2030, USD (Million)
- TABLE 6 North America Document Capture Software Market By End-User, 2020-2030, USD (Million)
- TABLE 7 North America Document Capture Software Market By Organization Size, 2020-2030, USD (Million)
- TABLE 8 North America Document Capture Software Market By Deployment, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Document Capture Software Market By Component, 2020-2030, USD (Million)
- TABLE 10 UK and European Union Document Capture Software Market By End-User, 2020-2030, USD (Million)
- TABLE 11 UK and European Union Document Capture Software Market By Organization Size, 2020-2030, USD (Million)
- TABLE 12 UK and European Union Document Capture Software Market By Deployment, 2020-2030, USD (Million)
- TABLE 13 Asia Pacific Document Capture Software Market By Component, 2020-2030, USD (Million)
- TABLE 14 Asia Pacific Document Capture Software Market By End-User, 2020-2030, USD (Million)
- TABLE 15 Asia Pacific Document Capture Software Market By Organization Size, 2020-2030, USD (Million)
- TABLE 16 Asia Pacific Document Capture Software Market By Deployment, 2020-2030, USD (Million)
- TABLE 17 Latin America Document Capture Software Market By Component, 2020-2030, USD (Million)
- TABLE 18 Latin America Document Capture Software Market By End-User, 2020-2030, USD (Million)
- TABLE 19 Latin America Document Capture Software Market By Organization Size, 2020-2030, USD (Million)
- TABLE 20 Latin America Document Capture Software Market By Deployment, 2020-2030, USD (Million)
- TABLE 21 Middle East and Africa Document Capture Software Market By Component, 2020-2030, USD (Million)
- TABLE 22 Middle East and Africa Document Capture Software Market By End-User, 2020-2030, USD (Million)
- TABLE 23 Middle East and Africa Document Capture Software Market By Organization Size, 2020-2030, USD (Million)
- TABLE 24 Middle East and Africa Document Capture Software Market By Deployment, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Document Capture Software Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Document Capture Software Market: Quality Assurance
- FIG. 5 Global Document Capture Software Market, By Component, 2021
- FIG. 6 Global Document Capture Software Market, By End-User, 2021
- FIG. 7 Global Document Capture Software Market, By Organization Size, 2021
- FIG. 8 Global Document Capture Software Market, By Deployment, 2021
- FIG. 9 Global Document Capture Software Market, By Geography, 2021
- FIG. 10 Global Document Capture Software Market, By Component, 2021 Vs 2030, %
- FIG. 11 Global Document Capture Software Market, By End-User, 2021 Vs 2030, %
- FIG. 12 Global Document Capture Software Market, By Organization Size, 2021 Vs 2030, %
- FIG. 13 Global Document Capture Software Market, By Deployment, 2021 Vs 2030, %
- FIG. 14 U.S. Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 15 Canada Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 16 Rest of North America Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 17 UK Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 18 Germany Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 19 Spain Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 20 Italy Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 21 France Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 22 Rest of Europe Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 23 China Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 24 Japan Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 25 India Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 26 Australia Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 27 South Korea Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 28 Rest of Asia Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 29 Brazil Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 30 Mexico Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 31 Rest of Latin America Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 32 GCC Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 33 Africa Document Capture Software Market (US$ Million), 2020 - 2030
- FIG. 34 Rest of Middle East and Africa Document Capture Software Market (US$ Million), 2020 - 2030
