Press release
Top Factor Driving Intelligent Enterprise Data Capture Software Market Growth in 2025: The Impact Of Digitalization On The Intelligent Enterprise Data Capture Software Market
Intelligent Enterprise Data Capture Software Market Size
The market size for smart enterprise data capture software has experienced substantial growth recently. This sector is projected to expand from $11.83 billion in 2024 to $13.75 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 16.2%. The historical growth can be attributed to several factors including the expansion of IoT and big data, a surge in demand for automation, mandated regulatory compliance, the integration of cloud computing, and an increase in unstructured data volumes.
The market for intelligent enterprise data capture software is projected to expand at an accelerated pace in the forthcoming years, reaching $24.75 billion by 2029 with a compound annual growth rate (CAGR) of 15.8%. The anticipated growth during the forecast period can be credited to several factors, such as the rising preference for digitalization, advances in mobile capture abilities, focus on data security and privacy, incorporation with business process management systems, and the need for real-time analytics. The forecast period is also expected to witness the growing popularity of machine learning algorithms, the advancement of intelligent document processing, the expansion of edge computing for data capture, the arrival of hybrid cloud solutions, and the adoption of blockchain technology.
What Key Elements Are Boosting Growth in the Intelligent Enterprise Data Capture Software Market?
The intelligent enterprise data capture software market is expected to witness growth propelled by the rising requirement for digitalization. This concept involves the incorporation of digital technologies in various sectors of business and society, revolutionizing their operations, communication, and interactions. The growing demand for digitalization stems from its capacity to enhance efficiency, simplify procedures, better decision-making, and adjust to changing market requirements. Digitalization heavily relies on intelligent enterprise data capture software as it automates data extraction and processing from numerous sources, which in turn enhances the precision and efficiency of information management. For instance, the Australian Bureau of Statistics, an Australian government administration, reported that digital activity in Australia escalated by 8.6%, amounting to $10.9 billion between 2021 and 2022. In comparison, the Australian economy witnessed an overall growth of 11.7%. During 2021-22, there was expansion across all sectors of digital activity. E-commerce retail, in particular, saw a dramatic increase of 12.6% in 2021-22, after a significant jump of 41.8% in the previous year. As a result, the escalating demand for digitalization is fueling the growth of the intelligent enterprise data capture software market.
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Who Are the Dominant Companies Influencing Intelligent Enterprise Data Capture Software Market Trends?
Major companies operating in the intelligent enterprise data capture software market are Microsoft Corporation, International Business Machine Corporation, Oracle Corporation, Fujitsu Ltd., SAP SE, Xerox Corporation, OpenText Corporation, Nuance Communications Inc., Datamatics Global Services Limited, UiPath Inc., Newgen Software Technologies Ltd., Hyland Software Inc., Tungsten Automation Corporation, Kodak Alaris Inc., Automation Anywhere Inc., Nintex Ltd., ABBYY Solutions Ltd., M-Files Inc., Infrrd Pvt Ltd., Accusoft Corporation, Rossum Ltd., Artsyl Technologies Inc., Parascript LLC, CAPSYS Technologies LLC, Ephesoft Inc.
How Is the Intelligent Enterprise Data Capture Software Market Evolving?
Major businesses in the smart enterprise data capture software sector are striving to innovate superior application solutions using cutting-edge technologies, such as intelligent OCR (optical character recognition) image capture technology to outpace competition. Intelligent OCR image capture pairs OCR with smart image processing to correctly draw out text and data from images or documents. Take for instance, the launch of DDC Sync in January 2022, by the American shipping firm DDC FPO LLC. It is a smart enterprise app that employs a mobile app for drivers to record freight documents. Revolutionizing freight management from the cab to the terminal, DDC Sync uses smart image capture technology with a native Android app for drivers, reinforced by a web portal for terminal administrators and managers. LTL carriers enjoy roughly 6-hour amplified visibility into freight data courtesy of intelligent capture technology, GPS tagging, and automated notifications. The solution provides features such as intelligent OCR image capture for smooth BOL (Bill of Lading) processing, BOL inventory management, tracking of drivers, live reporting, and automated alerts. This leads to smooth communication and a thorough understanding of shipments, drivers, and assets.
What Are the Different Segmentations in the Intelligent Enterprise Data Capture Software Market?
The intelligent enterprise data capture software market covered in this report is segmented -
1) By Product Type: Software, Services
2) By Data Type: Semi-Structured Data, Unstructured Data
3) By Deployment: On-Premise, SaaS And PaaS, Hybrid
4) By Line Of Business: Finance, Sales, Human Resource, Marketing, Legal
5) By Industry: Banking, Finance Services And Insurance (BFSI), Healthcare, Media And Entertainment, Education, Professional Services, Construction, Retail, Government, Manufacturing, Other Industries
Subsegments:
1) By Software: Data Capture Software, Optical Character Recognition (OCR) Software, Intelligent Document Processing (IDP) Software, Data Extraction Tools, Machine Learning (ML)-powered Capture Solutions, Cloud-based Data Capture Software
2) By Services: Consulting And Implementation Services, Managed Services, Training And Support Services
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Which Region Is at the Forefront of the Intelligent Enterprise Data Capture Software Market?
North America was the largest region in the intelligent enterprise data capture software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent enterprise data capture software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Intelligent Enterprise Data Capture Software Global Market Report?
- Market Size Analysis: Analyze the Intelligent Enterprise Data Capture Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intelligent Enterprise Data Capture Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intelligent Enterprise Data Capture Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intelligent Enterprise Data Capture Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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