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Document Capture Software Market To Witness Massive Growth | Competitive Outlook By ABBYY Software, Artsyl Technologies, Canon, CAPSYS Technologies, EDAC Systems, Ephesoft, Hyland Software, KnowledgeLake

05-22-2020 05:58 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Document Capture Software Market

Document Capture Software Market

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global document capture software market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The document capture software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

Some of the leading players in global market are ABBYY Software, Artsyl Technologies, Canon, CAPSYS Technologies, EDAC Systems, Ephesoft, Hyland Software, KnowledgeLake, Oracle, Xerox

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Rising demand for software as a service (SaaS) based document capture software that facilitates pay-per-use, and has user-friendly interface is an important factor driving growth of the global document capture software market. Furthermore, growing penetration of Internet of Things (IoT), and rising adoption of cloud-based software are other factors projected to boost growth of the market over the forecast period. However, concerns related to data security during data sharing is limiting growth of the market.

Increasing demand for software as a service (SaaS) based document capture software which has a user-friendly interface and facilitates pay-per-use is the significant factor driving the growth of the document capture software market. However, issues related to the security of data during data sharing is the major factor restraining the growth of the document capture software market. Furthermore, increasing the adoption of cloud-based software and growing penetration of the Internet of Things (IoT), are other factors anticipated to boost the growth of the document capture software market.

The global document capture software market is segmented on the basis of solution, deployment, enterprise size, verticals. On the basis of solution, the market is segmented as multiple channel capture, cognitive capture, mobile capture. On the basis of deployment, the market is segmented as cloud, on premise, hybrid. On the basis of enterprise size, the market is segmented as small and medium enterprises, large enterprises. On the basis of verticals, the market is segmented as retail, BFSI, telecom and IT, healthcare, transportation and logistics, energy, others.

The report analyzes factors affecting document capture software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Document capture software market in these regions.

The report aims to provide an overview of document capture software market with detailed market segmentation by solution, deployment, enterprise size, verticals. The global document capture software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading document capture software market players and offers key trends and opportunities in the document capture software market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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