Emerging Trends in Optical Character Recognition (OCR) Software Market 2019 and Global Foreseen Till 2023 | Analysis by Top Key Vendors – Docuphase, Adobe, Alfresco, ByteScout
Global Optical Character Recognition (OCR) Software Market overview:
The report " Optical Character Recognition (OCR) Software Market” The quick adoption of advanced Analytics and Visualization and the expand use of outward data sources are the major drivers of the Optical Character Recognition (OCR) Software Market. The report high Point, Potential Growth Opportunities in the coming years and covers a review of the Market Drivers, Growth Measure, Competitive Landscape, Market Dynamics, Opposition and other Optical Character Recognition (OCR) Software Feature to the Optical Character Recognition (OCR) Software Market.
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This report studies the Global Optical Character Recognition (OCR) Software Market is gaining due to the need to convert several forms of documentation such as PDF Files, Digital Images, and Scanned Paper Documents into searchable and editable data. The overall document management process has been upgraded in a host of industries. Optical Character Recognition (OCR) Software finds extensive acceptance and is widely implemented in business processes as it offers phenomenal speed and accuracy at the same time. Government, Education, Healthcare, Finance, Legal, and Banking are some key business domain where Optical Character Recognition (OCR) Software finds extensive application.
Optical Character Recognition or Optical Character Reader (OCR) is the electronic or mechanical conversion of images of typed, handwritten or printed text into machine-encoded text, whether from a scanned document, a photo of a document, a scene-photo (for example the text on signs and billboards in a landscape photo) or from subtitle text superimposed on an image (for example from a television broadcast).
The Global Optical Character Recognition (OCR) Software Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Optical Character Recognition (OCR) Software Market is sub segmented into Web-Based, On-Premise. Based on End Use Industry segment, the Optical Character Recognition (OCR) Software Market is sub segmented into Personal Perpetual, Enterprise Perpetual.
On the basis regional analysis, North America market accounted for the largest market share of more than half in 2018 owing to the early and rapid adoption of advanced technologies across MNCs in the region. Asia Pacific optical character recognition market, on the other hand, is likely to provide promising growth opportunities and is anticipated to register the highest Compound Annual Growth Rate over the forecast period (2019-2023).
Some of the major players that operate in the Global Optical Character Recognition (OCR) Software Market are Adobe, ABBYY Software House, Hyland Software, Docuphase, Alfresco, ByteScout, OnlineOCR, CVISION Technologies, MB Mygtukynas, Cognex, FreeOCR, GRM Information Management, Anyline.
Latest Industry Updates:
DocuPhase :- Today, DocuPhase announced the release of the latest version of their signature document management and workflow automation software. Since the release of DocuPhase Version 6.0 in July of 2015, the Clearwater-based software company has been gathering feedback and working on the development of Version 6.1. Initial development goals for the release included cross-browser support and an increase in ease of use; however, since the outset, the list of new features has grown substantially.
The most recent version will include many enhancements, both in user interface functionality and in back-end performance. “The best new feature of the release is the viewer. We no longer have a separate install, and the fully annotative viewer works on any modern browser. Our development team loves to make things easier for our customers, and these improvements will assist administrators deploying our product and allow users to use the browser of their choice,” says Shanna Dulong, Director of Product Management. The user experience will now include an updated viewer, a work item history map, more relevant help menus, annotation defaults, new upload features, and a viewer console.
Market segment by Regions/Countries, this report covers:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Table of Contents:
Global Optical Character Recognition (OCR) Software Market Report 2019
1 Optical Character Recognition (OCR) Software Definition
2 Global Optical Character Recognition (OCR) Software Market Major Player Share and Market Overview
3 Major Player Optical Character Recognition (OCR) Software Business Introduction
4 Global Optical Character Recognition (OCR) Software Market Segmentation (Region Level)
5 Global Optical Character Recognition (OCR) Software Market Segmentation (Product Type Level)
6 Global Optical Character Recognition (OCR) Software Market Segmentation (Industry Level)
7 Global Optical Character Recognition (OCR) Software Market Segmentation (Channel Level)
8 Optical Character Recognition (OCR) Software Market Forecast 2019-2023
9 Optical Character Recognition (OCR) Software Segmentation Type
10 Optical Character Recognition (OCR) Software Segmentation Industry
11 Optical Character Recognition (OCR) Software Cost Analysis
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