Press release
Scanner Market Size, Share, Trends, Industry Analysis, Business Overview And Forecast To 2033
Scanner Market Size
The Business Research Company presents an extensive market research report on the Scanner Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The scanner market size has grown strongly in recent years. It will grow from $2.67 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to document digitization and paperless trends, business process automation, government regulations and compliance, library and archiving needs, educational sector demand.
The scanner market size is expected to see strong growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to integration with cloud services, remote work and collaboration tools, healthcare industry digitization, advancements in 3d scanning, consumer adoption for personal use. Major trends in the forecast period include focus on energy efficiency, rise of portable and handheld scanners, document management software integration, enhanced security features, adoption of ai and machine learning.
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Key Market Players:
Major companies operating in the scanner market report are Hewlett-Packard Development Company LP, Honeywell International Inc., Fujitsu Limited, Canon Inc., Seiko Epson Corporation, Xerox Corporation, Brother Industries Ltd., Zebra Technologies Corporation, Contex A/S, SATO Holdings Corporation, Epson America Inc., Faro Technologies Inc., Iris Software Private Limited, Creaform Inc., Opticon Inc., Dymo Industries Inc., Metrologic Group SAS, Image Access Corp., Handheld Group Ltd., Zeutschel GmbH, Artec 3D Inc., Microtek International Inc., Plustek Inc., Visioneer Inc., Metrologic Instruments Inc., Platypod Pro LLC, EVA Vision Ltd., Qidenus Technologies GmbH, EasyScan BV, Colortrac Ltd.
Market Drivers:
Increasing demand for digitalization and automation is expected to propel the growth of the scanner market going forward. Digitization is the process of converting analog information into digital format, while automation is the automatic execution of tasks without periodic interference. Scanners play a crucial role in digitization and automation by converting physical documents into digital format, which can then be easily stored, accessed, and processed by computers. For instance, in March 2023, according to the International Monetary Fund, a US-based financial agency of the United Nations, digitalization across advanced economies increased by an average of 6 percentage points. Furthermore, in August 2022, according to Eurostat, a Luxembourg-based government agency, more than 90% of EU (European Union) SMEs (small-medium enterprises) should reach at least a basic level of digital intensity by 2030. Therefore, increasing demand for digitalization and automation is driving the growth of the scanner market.
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https://www.thebusinessresearchcompany.com/report/scanner-global-market-report
The scanner market covered in this report is segmented -
1) By Type: Flatbed Scanner, Sheet-Fed Scanner, Drum Scanner, Handheld Scanner, Other Types
2) By Distribution Channel: Online Store, Offline Store
3) By End-User: Individual Use, Commercial Use
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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