Global Document Imaging Market Size, Share, Growth, Trends And Forecast 2017 - 2025

Market Research Reports Search Engine (MRRSE) has included a new study titled, “Document Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” to its huge archive of research reports. Document imaging services continue to gain popularity across all areas of business as it provides better security and confidentiality of critical information. Document imaging is an information technology solution which uses advanced and modern equipment such as scanners, software, and camera. Document imaging also helps to control large volumes of documents. The document imaging market is segmented on the bases of three categories: by service, component, and end use. In terms of service, the market for document imaging is segmented into cloud and on-premises. By component, the market is segmented into software and hardware. Hardware component segment can be further bifurcated into scanners, printers, microfilm, readers and others. In terms of end use, the document imaging market is segmented into government organizations, law firms, physician practice, and educational institutions among others. Document imaging solutions are becoming an integral part of a business entity for big data handling or analytics. The document imaging market is anticipated to witness significant growth during the forecast period owing to the rising demand for big data handing and analytics in many organizations. Big data technology is a new potential revenue generating source of an organization.

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Therefore, the demand for document imaging is booming in recent times and is anticipated to witness significant growth during the forecast period. Currently, the impact of this factor has been analyzed to be high, and can be expected to remain high during the forecast period. However, advanced technology such as IT and manufacturing hubs are facing challenges from short supply of skilled operators. Document imaging solutions are complex to handle and require skilled operators. Advanced scanners come with software that makes scanning and saving documents possible. Operators not only require having knowledge about how to operate the equipment, but also know how to operate associated programs in order to modify and store electronic files. These operators usually lack technical education and skills, and hence require specialized training which is time consuming. Rising demand for document imaging due to its benefits, organizations are ready to invest in training the operators. The impact of this restraint is medium in recent times and is expected to be low during the forecast period.

By Service the global document imagingmarket has been segmented into cloud and on-premises. On-premises service is initially dominating the global document imaging market. However, cloud service is expected a robust growth during the forecast period and is anticipated to be the largest market share holder in document imaging market. Cloud helps to accommodate large scale information and scanning and printing online data. In addition, cloud deployment better structured than centralized systems to process large constant data streaming produced across the value chain.

By region the global document imagingmarket has been segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America which includes U.S. and Rest of North America (Canada and Mexico) captured the largest market share in 2016 due to growth in production facilities and rising demand of digitalized documentation. Europe which includes countries such as Germany, U.K., France, Italy and Rest of Europe captured the second largest market share in 2016. Asia Pacificshowed the fastest growth in 2016 due to its high penetration rateand coupled more high adoption rate of digitalization in document management solutionover the years.

The global market of document imagingreport provides company market share analysis of the various key participants. Key players have also been profiled on the basis of company overview. Global key participants of the document imaging market include Fujitsu Ltd. (Tokyo, Japan), Hewlett-Packard Company (California, U.S.), Canon Inc. (Tokyo, Japan), Kodak Alaris (Hemel Hempstead, U.K.), Xerox Corporation (Connecticut, U.S.), Qorus Software (Pty) Ltd (Cape Town, South Africa), CBSL Group (Delhi, India), Epson America (California, U.S.), Aramex (Dubai, U.A.E) and Newgen Software Technologies Ltd (Delhi, India) among others.

Document imaging solutions use tools such as scanners, printers, software, and camerato digitize a document. It is a key feature for any business entity as the document imaging process is used for better speed and agility in work stations. Improved and advanced efficiencies lead to a competitive improvement and better customer satisfaction.The document imaging market is gaining popularity due to several benefits to organizations such as cost effectiveness, increasing efficiency, risk reduction of losing documents in transit. 

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The document imaging market is segmented on the bases of three categories: by service, component, and end use. In terms of service, the market for document imaging is segmented into cloud and on-premises. By component, the market is segmented into software and hardware. Hardware component segment can be further bifurcated into scanners, printers, microfilm, readers and others. In terms of end use, the document imaging market is segmented into government organizations, law firms, physician practice, and educational institutions among others. 

The installation of document imaging has dramatically changed due to the rising installation of cloud based document imaging solutions. Cloud deployment is becoming a critical and flexible part of an organization, for storing data and to expedite workflows. Information technology departments are expanding their cloud budgets for its numerous benefits. Quality document-management systems are available on the cloud since the last few years. Almost every business entity has started installing cloud as the most modern deployment solution to store important data. Organizations are always very careful about storing critical documents in a cloud environment, and recently increasing importance of cloud deployment is fueling growth of the document imaging market which is expected to see significant growth during the forecast period.The impact of this driver is medium in recent times and is expected to be high during the forecast period. However, Core printing companies are looking for diversification for higher profit generation. Many dealers are trying to expand their business by offering new products and services. In addition, rising competition in the MPS (managed printing service) industry is encouraging dealers to diversify or invest in other business entities. Although, cost cutting and decreasing price trends are attracting existing dealers and new entities to invest in this industry. Therefore, demand for documents imaging is expected to be high during the forecast period.The impact of this restraint is medium in the current phase and is expected to be high during the forecast period.

Additionally, considering the growth in population and rapid urbanization in several emerging economies, there is an increased demand for digitalized documents. The growth of document imaging is strongly correlated to urbanization, which is compelling government organization, law firms, educational institutions and industries to emphasize on this technology.Such demand for document imaging can be expected to offer good growth opportunities for this market. In addition, there are various research initiatives undertaken by different companies worldwide to develop document imaging into more versatile products. More advanced products and awareness among target customers are expected to drive future opportunities in the document imaging market both in developed and developing nations. Hence, the customer base is expected to grow, creating a larger market for future businesses.

Currently, people are more focused on print and less on digitalized paper. Paper work or printing work is more time consuming; therefore, most SMBs (small medium business) pay interest on digitalized paper scanning technology. Growing trend of document scanning or photocopying in recent times is predicted to be an opportunity for the document imaging market.

The global market of document imaging report provides company market share analysis of the various key participants. Key players have also been profiled on the basis of company overview. Global key participants of the document imaging market include Fujitsu Ltd. (Tokyo, Japan), Hewlett-Packard Company (California, U.S.), Canon Inc. (Tokyo, Japan), Kodak Alaris (Hemel Hempstead, U.K.), Xerox Corporation (Connecticut, U.S.), Qorus Software (Pty) Ltd (Cape Town, South Africa), CBSL Group (Delhi, India), Epson America (California, U.S.), Aramex (Dubai, U.A.E) and Newgen Software Technologies Ltd (Delhi, India) among others.

Global Smart Grid Security market can be segmented as follows;- 

Global Document Imaging Market, by Service

Cloud
On-Premises
Global Document Imaging Market, by Component

Software
Hardware
Scanning
Printing
Microfilm Readers
Others
Global Document Imaging Market, by End Use

Government Organization
Law Firms
Physician Practices
Educational Institution
Others
Global Document Imaging Market, by Geography: The market is broadly segmented on the basis of geography into:

North America
S.
Rest of North America
Europe
K
Germany
France
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Rest of APAC
Middle East and Africa
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Rest of Latin America

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