Scanner Market Statistics and Growth Prediction 2021 to 2027 | Zebra Technologies; Hewlett-Packard; Fujitsu Limited; Canon Inc.; Epson; Honeywell International Inc

Scanner Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global scanner market is expected to grow from $24.9 billion in 2020 to $27.45 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%.

Top leading Companies Profiled in Scanner Market Report are Zebra Technologies; Hewlett-Packard; Fujitsu Limited; Canon Inc.; Epson; Honeywell International Inc; Opticon; SATO Holdings Corporation; Metrologic Instruments; Epson America Inc; Seiko Epson Corporation; Xerox; Brother; DYMO; Colortrac; Imageaccess; Plustek; Visioneer

Markets Segmentation:

1) By Type: Flatbed Scanner; Sheet-Fed Scanner; Drum Scanner; Handheld Scanner; Others 2) By End-User: Individual Use; Commercial Use3) By Distribution Channel: Online Store; Offline Store

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Market Overview

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $33.85 billion in 2025 at a CAGR of 5.4%.

The scanner market consists of sales of scanners by entities (organizations, sole traders, and partnerships) that provide scanners, which are input devices that can be connected to computers to optically scan images, print texts, handwriting, or objects and convert them to digital images. Only goods and services traded between entities or sold to end consumers are included.

The availability of alternatives such as scanning documents through smartphones is expected to hinder the growth of the demand for scanners market during the forecasted period. With advancements in technology, smartphones are available with scanning features which can also provide 3D scanning. For instance, in August 2019, Samsung, a South Korean conglomerate company launched Samsung Galaxy Note10+ with instant 3D scanning capabilities. The mobile phone features a DepthVision camera that uses 3D Time-of-Flight (ToF) technology to allow users to scan objects for quick rendering. Apart from 3D scanning, there are various applications that are available for smartphones for scanning for documents such as Adobe Scan, Microsoft Office Lens, ScanPro, and CamScanner. Therefore the availability of alternatives in scanning documents and images can restrain the market growth of scanners during the period.

Technological advances in shaping the scanners market. Scanner-based businesses are continually investing in the creation of emerging technology to enhance their company revenue. For instance, in March 2020, Epson, a Japan-based Electronics company launched Epson WorkForce DS-3000 and DS-32000 A3 sheetfed scanners for business. With strong media versatility, these new scanners deliver high-speed image capture of up to 90ppm (180ipm), making them the perfect entry point to the digital workflow of an organization and capable of scanning a variety of documents, from large-bound documents to passports.

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Key Takeaways from Scanner Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Scanner market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Scanner market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Scanner

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In conclusion, the Scanner market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Scanner Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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