Press release
Major Market Shift in Scanner Software Industry: Innovative Smartphone Scanner Software To Revolutionize The Scanner Software Market
Scanner Software Market Segments
The market for scanner software has witnessed quick expansion in the past few years. It is projected to escalate from $5.12 billion in 2024 to $5.72 billion in 2025, experiencing a compound annual growth rate (CAGR) of 11.6%. The uptake in the precedent era can be traced back to advanced scanner hardware technology, digital overhaul, amalgamation with office applications, upgraded OCR (optical character recognition) competencies, along with cloud computation and storage.
Expectations are high for the scanner software market size to experience quick expansion in the coming years. By 2029, its growth is anticipated to reach $8.75 billion, with a compound annual growth rate (CAGR) of 11.2%. This surge during the projected period could be the result of ongoing digitization efforts, regulatory demands, the rise in remote work, and the need for integration with other systems. Key trends to watch during the prediction period comprise a growing need for AI-enhanced document processing, heightened focus on security elements, harmonization with IoT technology for efficient workflows, and a rapid increase in mobile scanning software.
What Factors Are Propelling the Expansion of the Scanner Software Market?
The scanner software market is anticipated to expand due to the rapid progression of industrial automation. Industrial automation involves the utilization of control systems like computers or robots, and informational technologies to manage various processes and machinery in an industry, reducing the need for human intervention. The widespread growth of industrial automation can be attributed to its unique ability to boost efficiency and productivity, due to technological advancements and the growing need for smoother processes. Scanner software enhances efficiency in data management and operational workflows by automating document and barcode processing. For example, the International Federation of Robotics, a non-profit organization for industrial robotics based in Germany, reported in September 2024 that the number of operational industrial robots rose to 4,281,585 units in 2023, marking a 10% increase from 2022. Therefore, the booming growth in industrial automation is stimulating the expansion of the scanner software market.
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Which Businesses Are at the Forefront of Scanner Software Market Development?
Major companies operating in the scanner software market are Panasonic Corporation, Hewlett Packard Inc., Fujitsu Limited, Canon Inc., Adobe Inc., Xerox Corporation, Brother Industries, Thomson Reuters Corporation, Seiko Epson Corporation, Kodak Alaris, Nuance Communications, Iris Software Inc., Kofax Ltd., Abbyy LLC, Dynamsoft Corp, Contex A/S, Image Access Inc., Microtek International Inc., Visioneer Inc., SimpleIndex, Ambir Technology Inc., Plustek Inc., VueScan, ExactCODE GmbH, ImageWare Systems
What Are the Latest Innovations in the Scanner Software Market?
Significant firms in the scanner software market are focusing more on creating innovative solutions, such as scanning interfaces for smartphones, to gain a competitive advantage. A smartphone scanning interface is a user interface specially designed for barcode scanning on mobile devices, typically incorporated into scanner software to facilitate effective data collection using smartphone cameras. For example, in January 2023, Scandit AG, a technology company based in Switzerland, introduced SparkScan, a specially designed smartphone scanning interface for efficient barcode scanning, with the goal of simplifying data collection in scan-intensive processes like retail inventory control and logistics goods receiving. SparkScan can be effortlessly integrated into any smartphone application without necessitating any app redesign, allowing for easy installation with just a few lines of code. It provides several scanning modes and settings, allowing users to tailor scanning behavior to different tasks. SparkScan improves aiming and triggering without any device orientation restrictions, with a user-friendly interface built for comfort and productivity.
How Is the Scanner Software Market Segmented?
The scanner software market covered in this report is segmented -
1) By Type: On-Premise, Cloud-Based
2) By Application: Original Equipment Manufacturer (OEM), Aftermarket
3) By Industry: Retail, Banking, Financial Services And Insurance, Telecommunication And Information Technology, Healthcare, Transportation And Logistics, Energy, Other Industries
Subsegments:
1) By On-Premise: Installation And Setup, Software Maintenance, Security Management
2) By Cloud-Based: Cloud Integration, Subscription Services, Data Storage And Backup
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Where Is the Scanner Software Market Growth Most Prominent?
North America was the largest region in the scanner software market in 2023. The regions covered in the scanner software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Scanner Software Global Market Report?
- Market Size Analysis: Analyze the Scanner Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Scanner 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 Scanner Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Scanner Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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