Asia-pacific Optical Character Recognition Market Forecast 2022-2030

The Asia-Pacific optical character recognition market is anticipated to rise with a CAGR of 17.08% during the forecasted period of 2022 to 2030. The surging investments in AI and associated technologies, the increasing focus on self-driving cars as well as smart cities, and the rise in the number of start-ups are mainly ascribed to the region's market growth.

MARKET INSIGHTS

The Asia-Pacific optical character recognition market growth analysis encompasses the study of Indonesia, South Korea, Japan, Australia, India, China, Thailand, and Rest of Asia-Pacific. Several OCRs are functional in India, including Tesseract, an open-source optical character recognition tool. It works with languages such as Marathi, Nepali, Tamil, Telugu, Bengali, Sanskrit, Hindi, and Urdu. Likewise, OCRConverter provides a Hindi (Devanagari script) online option that is convenient, free, and easy to use. However, it lacks the core component of automation, requiring significant manual efforts to integrate it into the user's document flow.

Conversely, despite the fact that Korean character OCR programs are utilized in a variety of goods, the majority of optical character recognition systems are proprietary in South Korea. Besides, their performance is mediocre, and the tools are highly expensive. However, in contrast to English as well as Chinese generating issues, users also find it challenging to locate appropriate open-source Korean text OCR applications. Hence, these factors are set to influence the Asia-Pacific optical character recognition market growth over the forecast period.

COMPETITIVE INSIGHTS

Leading firms operating in the market include: Adobe Systems Inc, Microsoft Corporation, IBM, etc.

Our report offerings include:

Explore key findings of the overall market

Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

Market Segmentation cater to a thorough assessment of key segments with their market estimations

Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 46578

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. INCREASING ADOPTION OF OCR SOLUTION DEVELOPERS IN ADVANCED TECHNOLOGY
- 3.1.2. IMPROVED CUSTOMER SUPPORT AND INCREASED DOCUMENT PROTECTION
- 3.1.3. RISE IN ADOPTION OF OCR ACROSS DIVERSIFIED VERTICALS
3.2. KEY RESTRAINTS
- 3.2.1. LACK OF ACCURACY IN RECOGNITION OF HANDWRITTEN MATERIAL
- 3.2.2. LIMITATIONS IN DELIVERING ACCURATE OUTPUT

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON OPTICAL CHARACTER RECOGNITION MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS

5. MARKET BY COMPONENT

5.1. SOFTWARE
5.2. SERVICE

6. MARKET BY INDUSTRY

6.1. BFSI
6.2. TRANSPORT & LOGISTIC
6.3. HEALTHCARE
6.4. GOVERNMENT
6.5. EDUCATION
6.6. IT & TELECOM
6.7. MANUFACTURING
6.8. RETAIL
6.9. OTHERS

7. MARKET BY END-USER

7.1. B2B
7.2. B2C

8. GEOGRAPHICAL ANALYSIS

8.1. ASIA-PACIFIC
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. KEY GROWTH ENABLERS
- 8.1.3. KEY CHALLENGES
- 8.1.4. KEY PLAYERS
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. CHINA
  - 8.1.5.2. JAPAN
  - 8.1.5.3. INDIA
  - 8.1.5.4. AUSTRALIA
  - 8.1.5.5. SOUTH KOREA
  - 8.1.5.6. INDONESIA
  - 8.1.5.7. THAILAND
  - 8.1.5.8. REST OF ASIA-PACIFIC

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. ABBYY
- 9.2.2. ADOBE SYSTEMS INC
- 9.2.3. ANYLINE GMBH
- 9.2.4. CAPTRICITY INC (ACQUIRED BY SS&C)
- 9.2.5. CREACEED
- 9.2.6. EXPERVISION INC
- 9.2.7. FOXIT SOFTWARE INC
- 9.2.8. GOOGLE LLC
- 9.2.9. IBM
- 9.2.10. INTSIG INFORMATION CO LTD
- 9.2.11. IRIS GROUP SA
- 9.2.12. LEAD TECHNOLOGIES
- 9.2.13. MICROSOFT CORP
- 9.2.14. NUANCE COMMUNICATIONS INC

Product Code: 46578

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - OPTICAL CHARACTER RECOGNITION
TABLE 2: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY INDUSTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY INDUSTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: LEADING PLAYERS OPERATING IN ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 7: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY SERVICE, 2022-2030 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, GROWTH POTENTIAL, BY INDUSTRY, IN 2021
FIGURE 10: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY BFSI, 2022-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY TRANSPORT AND LOGISTIC, 2022-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY GOVERNMENT, 2022-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY IT & TELECOM, 2022-2030 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY MANUFACTURING, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY RETAIL, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 20: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY B2B, 2022-2030 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, BY B2C, 2022-2030 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 23: CHINA OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: JAPAN OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: INDIA OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: AUSTRALIA OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: SOUTH KOREA OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: INDONESIA OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 29: THAILAND OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 30: REST OF ASIA-PACIFIC OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)