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Global Optical Character Recognition Market Size study, by Type ( Software, Services), End Use (B2B, B2C) Vertical Outlook( Retail, BFSI, Government, Education, Transport and, Logistics, Healthcare, IT & Telecom, Manufacturing, Others ) and Regional Forecasts 2020-2027

March 2021 | 200 pages | ID: G54F6B878549EN
Bizwit Research & Consulting LLP

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Global Optical Character Recognition Market is valued approximately USD 6.58 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.7 % over the forecast period 2020-2027. Optical Character Recognition is a technique in which content on physical documents is translated into digital form. It allows users to convert various images and documents into editable formats. It is also used in a variety of sectors, including logistics and transportation, banking and financial services, and others. OCR technology is widely used in government, banking, retail, healthcare, manufacturing, and other industries. The increasing digitization, more user data, and increasing demand in healthcare has led the adoption of Optical Character Recognition across the forecast period. For Instance: In May 2019, Standard Chartered Bank introduced Trade AI Engine, an augmented intelligence document processing solution built in collaboration with IBM.. This approach was created to help with the time-consuming process of conventional unstructured documentary analysis. However, the lack of accuracy of software in recognizing handwritten material impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing use in shopping malls, transportation services the adoption & demand for Optical Character Recognition is likely to increase the market growth during the forecast period.

The regional analysis of global Optical Character Recognition market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability of urgent care services coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising of transportation services and improving healthcare infrastructure would create lucrative growth prospects for the Optical Character Recognition market across Asia-Pacific region.

Major market player included in this report are:
ABBYY
Adobe
Anyline GmbH
ATAPY Software
Captricity Inc.
Creaceed S.P.R.L.
CVISION Technologies, Inc
Exper-OCR, Inc.
Google LLC
International Business Machines Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Software
Services
By End-use
B2B
B2C
By Vertical Outlook
Retail
BFSI
Government
Education
Transport and Logistics
Healthcare
IT & Telecom
Manufacturing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Optical Character Recognition Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
  1.2.1. Optical Character Recognition Market, by Region, 2018-2027 (USD Billion)
  1.2.2. Optical Character Recognition Market, by Type, 2018-2027 (USD Billion)
  1.2.3. Optical Character Recognition Market, by End-use, 2018-2027 (USD Billion)
  1.2.4. Optical Character Recognition Market, by Vertical Outlook, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET DYNAMICS

3.1. Optical Character Recognition Market Impact Analysis (2018-2027)
  3.1.1. Market Drivers
  3.1.2. Market Challenges
  3.1.3. Market Opportunities

CHAPTER 4. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Optical Character Recognition Market by Type, Performance - Potential Analysis
5.3. Global Optical Character Recognition Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Optical Character Recognition Market, Sub Segment Analysis
  5.4.1. Software
  5.4.2. Services

CHAPTER 6. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET, BY END-USE

6.1. Market Snapshot
6.2. Global Optical Character Recognition Market by End-use, Performance - Potential Analysis
6.3. Global Optical Character Recognition Market Estimates & Forecasts by End-use 2017-2027 (USD Billion)
6.4. Optical Character Recognition Market, Sub Segment Analysis
  6.4.1. B2B
  6.4.2. B2C

CHAPTER 7. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET, BY VERTICAL OUTLOOK

7.1. Market Snapshot
7.2. Global Optical Character Recognition Market by Vertical Outlook, Performance - Potential Analysis
7.3. Global Optical Character Recognition Market Estimates & Forecasts by Vertical Outlook 2017-2027 (USD Billion)
7.4. Optical Character Recognition Market, Sub Segment Analysis
  7.4.1. Retail
  7.4.2. BFSI
  7.4.3. Government
  7.4.4. Education
  7.4.5. Transport and Logistics
  7.4.6. Healthcare
  7.4.7. IT & Telecom
  7.4.8. Manufacturing
  7.4.9. Others

CHAPTER 8. GLOBAL OPTICAL CHARACTER RECOGNITION MARKET, REGIONAL ANALYSIS

8.1. Optical Character Recognition Market, Regional Market Snapshot
8.2. North America Optical Character Recognition Market
  8.2.1. U.S. Optical Character Recognition Market
    8.2.1.1. Type breakdown estimates & forecasts, 2017-2027
    8.2.1.2. End Use breakdown estimates & forecasts, 2017-2027
    8.2.1.3. Vertical Outlook breakdown estimates & forecasts, 2017-2027
  8.2.2. Canada Optical Character Recognition Market
8.3. Europe Optical Character Recognition Market Snapshot
  8.3.1. U.K. Optical Character Recognition Market
  8.3.2. Germany Optical Character Recognition Market
  8.3.3. France Optical Character Recognition Market
  8.3.4. Spain Optical Character Recognition Market
  8.3.5. Italy Optical Character Recognition Market
  8.3.6. Rest of Europe Optical Character Recognition Market
8.4. Asia-Pacific Optical Character Recognition Market Snapshot
  8.4.1. China Optical Character Recognition Market
  8.4.2. India Optical Character Recognition Market
  8.4.3. Japan Optical Character Recognition Market
  8.4.4. Australia Optical Character Recognition Market
  8.4.5. South Korea Optical Character Recognition Market
  8.4.6. Rest of Asia Pacific Optical Character Recognition Market
8.5. Latin America Optical Character Recognition Market Snapshot
  8.5.1. Brazil Optical Character Recognition Market
  8.5.2. Mexico Optical Character Recognition Market
8.6. Rest of The World Optical Character Recognition Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. ABBYY
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. Adobe
  9.2.3. Anyline GmbH
  9.2.4. ATAPY Software
  9.2.5. Captricity Inc.
  9.2.6. Creaceed S.P.R.L.
  9.2.7. CVISION Technologies, Inc
  9.2.8. Exper-OCR, Inc.
  9.2.9. Google LLC
  9.2.10. International Business Machines Corporation

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Optical Character Recognition market, report scope
TABLE 2. Global Optical Character Recognition market estimates & forecasts by Region 2017-2027 (USD Billion)
TABLE 3. Global Optical Character Recognition market estimates & forecasts by Type 2017-2027 (USD Billion)
TABLE 4. Global Optical Character Recognition market estimates & forecasts by End-use 2017-2027 (USD Billion)
TABLE 5. Global Optical Character Recognition market estimates & forecasts by Vertical Outlook 2017-2027 (USD Billion)
TABLE 6. Global Optical Character Recognition market estimates & forecasts by Farm Type 2017-2027 (USD Billion)
TABLE 7. Global Optical Character Recognition market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 8. Global Optical Character Recognition market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 9. Global Optical Character Recognition market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 10. Global Optical Character Recognition market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 11. Global Optical Character Recognition market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 12. Global Optical Character Recognition market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 13. Global Optical Character Recognition market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 14. Global Optical Character Recognition market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 15. Global Optical Character Recognition market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 16. Global Optical Character Recognition market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 17. U.S. Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 18. U.S. Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 19. U.S. Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 20. Canada Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 21. Canada Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 22. Canada Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 23. UK Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 24. UK Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 25. UK Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 26. Germany Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 27. Germany Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 28. Germany Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 29. RoE Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 30. RoE Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 31. RoE Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 32. China Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 33. China Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 34. China Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 35. India Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 36. India Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 37. India Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 38. Japan Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 39. Japan Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 40. Japan Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 41. RoAPAC Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 42. RoAPAC Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 43. RoAPAC Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 44. Brazil Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 45. Brazil Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 46. Brazil Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 47. Mexico Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 48. Mexico Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 49. Mexico Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 50. RoLA Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 51. RoLA Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 52. RoLA Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 53. Row Optical Character Recognition market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 54. Row Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 55. Row Optical Character Recognition market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 56. List of secondary sources, used in the study of global Optical Character Recognition market
TABLE 57. List of primary sources, used in the study of global Optical Character Recognition market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered
LIST OF FIGURES

FIG 1. Global Optical Character Recognition market, research methodology
FIG 2. Global Optical Character Recognition market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Optical Character Recognition market, key trends 2019
FIG 5. Global Optical Character Recognition market, growth prospects 2020-2027
FIG 6. Global Optical Character Recognition market, porters 5 force model
FIG 7. Global Optical Character Recognition market, pest analysis
FIG 8. Global Optical Character Recognition market, value chain analysis
FIG 9. Global Optical Character Recognition market by segment, 2017 & 2027 (USD Billion)
FIG 10. Global Optical Character Recognition market by segment, 2017 & 2027 (USD Billion)
FIG 11. Global Optical Character Recognition market by segment, 2017 & 2027 (USD Billion)
FIG 12. Global Optical Character Recognition market by segment, 2017 & 2027 (USD Billion)
FIG 13. Global Optical Character Recognition market by segment, 2017 & 2027 (USD Billion)
FIG 14. Global Optical Character Recognition market, regional snapshot 2017 & 2027
FIG 15. North America Optical Character Recognition market 2017 & 2027 (USD Billion)
FIG 16. Europe Optical Character Recognition market 2017 & 2027 (USD Billion)
FIG 17. Asia pacific Optical Character Recognition market 2017 & 2027 (USD Billion)
FIG 18. Latin America Optical Character Recognition market 2017 & 2027 (USD Billion)
FIG 19. Global Optical Character Recognition market, company market share analysis (2019)


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