Document Capture Software Market By Solutions (Multiple-Channel Capture, Cognitive Capture, Mobile Capture, Others), By End-User (Retail, Government, IT & Telecommunication, Healthcare, Transportation, Energy & Utility, Others), By Organization Size (Large Enterprises, Small Enterprises), By Deployment (On-Premise, Cloud) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Globally, the document capture software market is expected to grow with a CAGR of 13.3% during the forecast period from 2019 to 2027 and had registered a market value of US$ 6.30 Bn by 2018. A document capture software is defined as an application used for converting physicals documents into digital, resulting in a reduction of workload among the business and allows the organizations to manage the business flow. Moreover, this software also enhances customer experience and increases operational efficiencies. 

The rise in IoT devices and adoption cloud-based software are some of the key factors driving the growth of the market. Additionally, this software also proves various advantages to the companies and the business such as its easy retrieval of the documents, an advantageous collaboration of the information captured and others.

Document Capture Software with Mobile Capture in its Solutions Segment Continue Dominating the Market

In 2018, the global document capture software market was dominated by the mobile capture segment in its solutions segment accounting for around 40% of the the total revenue generated worldwide and is estimated to grow with a significant CAGR over the forecast period. The mobile capture solution captures the images immediately without the requirement of the paper and can share the images in real-time, allowing the information to reach the destination.

North America Dominates the Market by Region

The global document capture software market was led by North America with a market share of more than 40% in the year 2018. The presence of various companies in the region such as IBM Corporation, Oracle Corporation, and other companies which offers various software solutions to small and medium enterprises for capturing the document electronically. Additionally, the region is one of the earliest adopters of the technology which also contributes to the growth of the market in the region.

Some of the prominent players operating in the document capture software are BBYY Software, Adobe Systems Software Ltd., Canon, Inc., Artsyl Technologies, Inc, CAPSYS Technologies, LLC, EMC Corp., Oracle Corp. DocuLexInc (DocStar), Ephesoft Inc., IBM Corporation, Hyland Software Inc., Knowledge Lake Inc., Kofax, Inc., Kodak Company, Meniko, Nuance, Communications, Inc., Notable Solutions Inc., and Xerox Corporation.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The document capture software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global document capture software market based on solutions, organization size, deployment, end-users, and geography. Key segments covered in the report are as follows:

Key questions answered in this report

• What was the market size of document capture software in 2018 and forecast up to 2027?
• Which is the largest regional market mobile capture in its solutions segment?
• What are the major trends followed in document capture software market across different regions?
• Who is the key document capture software companies leading the market?
• What are the key strategies adopted by the leading document capture software companies in the market?
•  

Unique data points of this report

• Statistics on document capture software  penetration and spending worldwide
• Recent trends across different regions in terms of adoption of document capture software.
• Notable developments going on in document capture software  market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)