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Scanner Software Market Size Forecasted To Achieve $8.75 Billion By 2029 With Steady Growth
Scanner Software
What Is the Scanner Software Market Size and Projected Growth Rate?
The scanner software market has grown rapidly in recent times. It is expected to grow from $5.12 billion in 2024 to $5.72 billion in 2025, reflecting a CAGR of 11.6%. Growth factors include advances in scanning hardware, digital integration trends, improved compatibility with office tools, development in OCR features, and expanded use of cloud-based storage.
The scanner software market is expected to experience rapid growth, reaching $8.75 billion by 2029, at a CAGR of 11.2%. This growth is fueled by digitization initiatives, regulatory compliance, remote work trends, and system integration. Key trends in the forecast period include AI-powered document processing, enhanced security features, integration with IoT devices for streamlined workflows, and a rise in mobile scanning applications.
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What Are the Major Segments in the Scanner Software Market?
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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What Are The Driving Scanner Software Market Evolution?
Rapid expansion in industrial automation is anticipated to fuel the scanner software market. Industrial automation employs technologies such as robotics and computer systems to reduce human intervention in manufacturing processes. This trend is driven by the need for higher efficiency and productivity. Scanner software enhances automation by streamlining data and barcode processing. According to the International Federation of Robotics, by 2023, 4,281,585 industrial robots were in operation, reflecting a 10% rise from 2022. Hence, the growth in industrial automation is advancing the scanner software market.
Which Firms Dominate The Scanner Software Market Segments?
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 Scanner Software Market Trends Are Gaining Traction Across Different Segments?
Major players in the scanner software market are emphasizing the development of innovative solutions, such as smartphone scanning interfaces, to stay ahead in the competitive landscape. A smartphone scanning interface is a feature that enhances barcode scanning efficiency on mobile devices. In January 2023, Scandit AG, a Switzerland-based tech company, launched SparkScan, a smartphone scanning interface designed for high-performance barcode scanning. SparkScan integrates easily into smartphone apps without needing redesigns and allows users to optimize scanning for various tasks with multiple modes and settings, including better aiming and triggering regardless of device orientation.
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Which Is The Largest Region In The Scanner Software Market?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Scanner Software Market?
2. What is the CAGR expected in the Scanner Software Market?
3. What Are the Key Innovations Transforming the Scanner Software Industry?
4. Which Region Is Leading the Scanner Software Market?
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