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Document Analytics Market Research Report: Types, Volume, Revenue and Industry Analysis 2023-2032 | ABBYY, Celaton, Extract, HCL, HyperScience
Document Analytics Market Outlook
The Business Research Company's Document Analytics Global Market Report 2023 identifies Rising initiatives to digitize content as the major driver for the document analytics market's growth in the forecast period. Various governments are taking steps to digitalize the contents to enhance the security and easy access of the documents, this will increase the usage of document analytics.
The global document analytics market size grew from $1.63 billion in 2022 to $2.44 billion in 2023 at a compound annual growth rate (CAGR) of 49.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The document analytics market size is expected to grow to $12.22 billion in 2027 at a CAGR of 49.6%.
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Major competitors in the document analytics market are ABBYY, Celaton, Extract, HCL, HyperScience, IBM, Kofax, WorkFusion, Hyland, Datamatics, Automation, AntWorks, Parascript, Infrrd and OpenText.
A key trend in the document analytics market includes Adoption of advanced technologies. The key players in the document analytics sector are developing advanced technologies to strengthen their position in the market. For instance, in May 2021, Kofax, a global leader in document and intelligent automation software for digital workflow transformation, has released the latest edition of Kofax ControlSuiteTM, a fully integrated system that automates and secures print management, world-class document capturing, and mobile capabilities. New cloud integrations, analytics dashboards, and unified clients are among the many new features and benefits of ControlSuite.
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The document analytics market is segmented -
• By Product Type: Solutions, Services, Professional Services, Managed Services
• By Industry Vertical: BFSI, Government, Healthcare and Life Sciences, Retail and eCommerce, Manufacturing, Transportation and Logistics, Other Industry Verticals
• By Deployment Type: Cloud, On-Premise
• By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the document analytics market.
The Business Research Company's "Global Document Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Document Analytics Market Include:
1. Executive Summary
2. Document Analytics Market Characteristics
3. Document Analytics Market Trends And Strategies
4. Document Analytics Market - Macro Economic Scenario
5. Document Analytics Market Size And Growth
……
26. Africa Document Analytics Market
27. Document Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Document Analytics Market
29. Document Analytics Market Future Outlook and Potential Analysis
30. Appendix
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