Document Capture Software Market By Solution (Multiple Channel Capture, Cognitive Capture, Mobile Capture) , By Deployment (Cloud, On-Premise, Hybrid) By Enterprise Size (Large Enterpriss, Small & Medium Enterprises) By Industry Vertical (BFSI, Transport & Logistics, Healthcare, IT & Telecom, Retail, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

August 2024 | 200 pages | ID: D40450D39257EN
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Document Capture Software Market

The document capture software market was valued at $20.1 billion in 2023 and is projected to reach $52.7 billion by 2033, growing at a CAGR of 9.8% from 2024 to 2033.

Document capture software comprises a broad variety of programs that automate the transformation of hardcopy of documents into digital format and their conversion into organized retrievable data. The key technologies integrated into the software include optical character recognition, optical mark recognition, intelligent character recognition, optical barcode recognition, and free-form extraction.

Increase in the adoption of digital workflows in several organizations is a key driver of the document capture software market. In addition, the market development is considerably augmented by the automation feature of the software as it reduces manual labor and costs associated with management of physical documents, which prompts organizations for its adoption. Integration of the software with cloud technology is a notable trend expected to dominate the market in coming years as it facilitates the scalability of software and mitigates the possibility of data redundancy. Furthermore, enhanced safety attributes and collaborative features of the cloud enable quick & easy transfer of files between teams or organizations.

However, implementation of the software into existing systems of organizations is a complex and capital-intensive process that deters several small-scale organizations from its adoption, thereby hampering the growth of the document capture software market. Moreover, reliance on technology for the functioning of the software poses concerns pertaining to bugs and system outages. This leads to workflow disruption, which restrains the market development significantly. On the contrary, with several atypical sectors such as healthcare, retail, and consumer goods integrating the software into their operations, the document capture software market is witnessing several lucrative opportunities. For instance, various healthcare facilities are utilizing the software to maintain digital records of their administrative work and patient history. This enables the facilities to maintain centralized data and undergo routine audits effortlessly.

Segment Review

The document capture software market is segmented into solution, deployment, enterprise size, industry vertical, and region. On the basis of solution, the market is divided into multiple channel capture, cognitive capture, and mobile capture. Depending on deployment, it is classified into cloud, on-premise, and hybrid. By enterprise size, it is bifurcated into large enterprises and small & medium enterprises. As per industry vertical, it is categorized into BFSI, transport & logistics, healthcare, IT & telecom, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of solution, the multiple channel capture segment held a high share of the market in 2023.

Depending on deployment, the hybrid segment dominated the market in 2023.

By enterprise size, the large enterprises segment acquired a high stake in the market in 2023.

As per industry vertical, the IT & telecom segment accounted for a high share of the market in 2023.

Region wise, North America is projected to be the highest revenue generator by 2033.

Competition Analysis

The major players of the global document capture software market include Abbyy Software, Artsyl Technologies Inc., Canon Inc., Capsys Technologies Inc., EDAC Systems Inc, Ephesoft Inc., Hyland Software Inc., KnowledgeLake Inc., Oracle Corporation, and Xerox Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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  • End user preferences and pain points
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  • Scenario Analysis & Growth Trend Comparison
  • Technology Trend Analysis
  • Go To Market Strategy
  • Market share analysis of players by products/segments
  • New Product Development/ Product Matrix of Key Players
  • Pain Point Analysis
  • Regulatory Guidelines
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  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Brands Share Analysis
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  • SWOT Analysis
Key Market Segments

By Solution
  • Multiple Channel Capture
  • Cognitive Capture
  • Mobile Capture
By Deployment
  • Cloud
  • On-Premise
  • Hybrid
By Enterprise Size
  • Large Enterpriss
  • Small Medium Enterprises
By Industry Vertical
  • BFSI
  • Transport Logistics
  • Healthcare
  • IT Telecom
  • Retail
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
  • Key Market Players
  • Abbyy Software
  • Artsyl Technologies Inc
  • Canon Inc
  • Capsys Technologies Inc
  • EDAC Systems Inc
  • Ephesoft Inc
  • Hyland Software Inc
  • KnowledgeLake Inc
  • Oracle Corporation
  • Xerox Corporation
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: DOCUMENT CAPTURE SOFTWARE MARKET, BY SOLUTION

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Solution
4.2. Multiple Channel Capture
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Cognitive Capture
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Mobile Capture
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country

CHAPTER 5: DOCUMENT CAPTURE SOFTWARE MARKET, BY DEPLOYMENT

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Deployment
5.2. Cloud
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. On-Premise
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Hybrid
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: DOCUMENT CAPTURE SOFTWARE MARKET, BY ENTERPRISE SIZE

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Enterprise Size
6.2. Large Enterpriss
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Small Medium Enterprises
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country

CHAPTER 7: DOCUMENT CAPTURE SOFTWARE MARKET, BY INDUSTRY VERTICAL

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Industry Vertical
7.2. BFSI
  7.2.1. Key Market Trends, Growth Factors and Opportunities
  7.2.2. Market Size and Forecast, By Region
  7.2.3. Market Share Analysis, By Country
7.3. Transport Logistics
  7.3.1. Key Market Trends, Growth Factors and Opportunities
  7.3.2. Market Size and Forecast, By Region
  7.3.3. Market Share Analysis, By Country
7.4. Healthcare
  7.4.1. Key Market Trends, Growth Factors and Opportunities
  7.4.2. Market Size and Forecast, By Region
  7.4.3. Market Share Analysis, By Country
7.5. IT Telecom
  7.5.1. Key Market Trends, Growth Factors and Opportunities
  7.5.2. Market Size and Forecast, By Region
  7.5.3. Market Share Analysis, By Country
7.6. Retail
  7.6.1. Key Market Trends, Growth Factors and Opportunities
  7.6.2. Market Size and Forecast, By Region
  7.6.3. Market Share Analysis, By Country
7.7. Others
  7.7.1. Key Market Trends, Growth Factors and Opportunities
  7.7.2. Market Size and Forecast, By Region
  7.7.3. Market Share Analysis, By Country

CHAPTER 8: DOCUMENT CAPTURE SOFTWARE MARKET, BY REGION

8.1. Market Overview
  8.1.1 Market Size and Forecast, By Region
8.2. North America
  8.2.1. Key Market Trends and Opportunities
  8.2.2. Market Size and Forecast, By Solution
  8.2.3. Market Size and Forecast, By Deployment
  8.2.4. Market Size and Forecast, By Enterprise Size
  8.2.5. Market Size and Forecast, By Industry Vertical
  8.2.6. Market Size and Forecast, By Country
  8.2.7. U.S. Document Capture Software Market
    8.2.7.1. Market Size and Forecast, By Solution
    8.2.7.2. Market Size and Forecast, By Deployment
    8.2.7.3. Market Size and Forecast, By Enterprise Size
    8.2.7.4. Market Size and Forecast, By Industry Vertical
  8.2.8. Canada Document Capture Software Market
    8.2.8.1. Market Size and Forecast, By Solution
    8.2.8.2. Market Size and Forecast, By Deployment
    8.2.8.3. Market Size and Forecast, By Enterprise Size
    8.2.8.4. Market Size and Forecast, By Industry Vertical
  8.2.9. Mexico Document Capture Software Market
    8.2.9.1. Market Size and Forecast, By Solution
    8.2.9.2. Market Size and Forecast, By Deployment
    8.2.9.3. Market Size and Forecast, By Enterprise Size
    8.2.9.4. Market Size and Forecast, By Industry Vertical
8.3. Europe
  8.3.1. Key Market Trends and Opportunities
  8.3.2. Market Size and Forecast, By Solution
  8.3.3. Market Size and Forecast, By Deployment
  8.3.4. Market Size and Forecast, By Enterprise Size
  8.3.5. Market Size and Forecast, By Industry Vertical
  8.3.6. Market Size and Forecast, By Country
  8.3.7. France Document Capture Software Market
    8.3.7.1. Market Size and Forecast, By Solution
    8.3.7.2. Market Size and Forecast, By Deployment
    8.3.7.3. Market Size and Forecast, By Enterprise Size
    8.3.7.4. Market Size and Forecast, By Industry Vertical
  8.3.8. Germany Document Capture Software Market
    8.3.8.1. Market Size and Forecast, By Solution
    8.3.8.2. Market Size and Forecast, By Deployment
    8.3.8.3. Market Size and Forecast, By Enterprise Size
    8.3.8.4. Market Size and Forecast, By Industry Vertical
  8.3.9. Italy Document Capture Software Market
    8.3.9.1. Market Size and Forecast, By Solution
    8.3.9.2. Market Size and Forecast, By Deployment
    8.3.9.3. Market Size and Forecast, By Enterprise Size
    8.3.9.4. Market Size and Forecast, By Industry Vertical
  8.3.10. Spain Document Capture Software Market
    8.3.10.1. Market Size and Forecast, By Solution
    8.3.10.2. Market Size and Forecast, By Deployment
    8.3.10.3. Market Size and Forecast, By Enterprise Size
    8.3.10.4. Market Size and Forecast, By Industry Vertical
  8.3.11. UK Document Capture Software Market
    8.3.11.1. Market Size and Forecast, By Solution
    8.3.11.2. Market Size and Forecast, By Deployment
    8.3.11.3. Market Size and Forecast, By Enterprise Size
    8.3.11.4. Market Size and Forecast, By Industry Vertical
  8.3.12. Russia Document Capture Software Market
    8.3.12.1. Market Size and Forecast, By Solution
    8.3.12.2. Market Size and Forecast, By Deployment
    8.3.12.3. Market Size and Forecast, By Enterprise Size
    8.3.12.4. Market Size and Forecast, By Industry Vertical
  8.3.13. Rest Of Europe Document Capture Software Market
    8.3.13.1. Market Size and Forecast, By Solution
    8.3.13.2. Market Size and Forecast, By Deployment
    8.3.13.3. Market Size and Forecast, By Enterprise Size
    8.3.13.4. Market Size and Forecast, By Industry Vertical
8.4. Asia-Pacific
  8.4.1. Key Market Trends and Opportunities
  8.4.2. Market Size and Forecast, By Solution
  8.4.3. Market Size and Forecast, By Deployment
  8.4.4. Market Size and Forecast, By Enterprise Size
  8.4.5. Market Size and Forecast, By Industry Vertical
  8.4.6. Market Size and Forecast, By Country
  8.4.7. China Document Capture Software Market
    8.4.7.1. Market Size and Forecast, By Solution
    8.4.7.2. Market Size and Forecast, By Deployment
    8.4.7.3. Market Size and Forecast, By Enterprise Size
    8.4.7.4. Market Size and Forecast, By Industry Vertical
  8.4.8. Japan Document Capture Software Market
    8.4.8.1. Market Size and Forecast, By Solution
    8.4.8.2. Market Size and Forecast, By Deployment
    8.4.8.3. Market Size and Forecast, By Enterprise Size
    8.4.8.4. Market Size and Forecast, By Industry Vertical
  8.4.9. India Document Capture Software Market
    8.4.9.1. Market Size and Forecast, By Solution
    8.4.9.2. Market Size and Forecast, By Deployment
    8.4.9.3. Market Size and Forecast, By Enterprise Size
    8.4.9.4. Market Size and Forecast, By Industry Vertical
  8.4.10. South Korea Document Capture Software Market
    8.4.10.1. Market Size and Forecast, By Solution
    8.4.10.2. Market Size and Forecast, By Deployment
    8.4.10.3. Market Size and Forecast, By Enterprise Size
    8.4.10.4. Market Size and Forecast, By Industry Vertical
  8.4.11. Australia Document Capture Software Market
    8.4.11.1. Market Size and Forecast, By Solution
    8.4.11.2. Market Size and Forecast, By Deployment
    8.4.11.3. Market Size and Forecast, By Enterprise Size
    8.4.11.4. Market Size and Forecast, By Industry Vertical
  8.4.12. Thailand Document Capture Software Market
    8.4.12.1. Market Size and Forecast, By Solution
    8.4.12.2. Market Size and Forecast, By Deployment
    8.4.12.3. Market Size and Forecast, By Enterprise Size
    8.4.12.4. Market Size and Forecast, By Industry Vertical
  8.4.13. Malaysia Document Capture Software Market
    8.4.13.1. Market Size and Forecast, By Solution
    8.4.13.2. Market Size and Forecast, By Deployment
    8.4.13.3. Market Size and Forecast, By Enterprise Size
    8.4.13.4. Market Size and Forecast, By Industry Vertical
  8.4.14. Indonesia Document Capture Software Market
    8.4.14.1. Market Size and Forecast, By Solution
    8.4.14.2. Market Size and Forecast, By Deployment
    8.4.14.3. Market Size and Forecast, By Enterprise Size
    8.4.14.4. Market Size and Forecast, By Industry Vertical
  8.4.15. Rest of Asia-Pacific Document Capture Software Market
    8.4.15.1. Market Size and Forecast, By Solution
    8.4.15.2. Market Size and Forecast, By Deployment
    8.4.15.3. Market Size and Forecast, By Enterprise Size
    8.4.15.4. Market Size and Forecast, By Industry Vertical
8.5. LAMEA
  8.5.1. Key Market Trends and Opportunities
  8.5.2. Market Size and Forecast, By Solution
  8.5.3. Market Size and Forecast, By Deployment
  8.5.4. Market Size and Forecast, By Enterprise Size
  8.5.5. Market Size and Forecast, By Industry Vertical
  8.5.6. Market Size and Forecast, By Country
  8.5.7. Brazil Document Capture Software Market
    8.5.7.1. Market Size and Forecast, By Solution
    8.5.7.2. Market Size and Forecast, By Deployment
    8.5.7.3. Market Size and Forecast, By Enterprise Size
    8.5.7.4. Market Size and Forecast, By Industry Vertical
  8.5.8. South Africa Document Capture Software Market
    8.5.8.1. Market Size and Forecast, By Solution
    8.5.8.2. Market Size and Forecast, By Deployment
    8.5.8.3. Market Size and Forecast, By Enterprise Size
    8.5.8.4. Market Size and Forecast, By Industry Vertical
  8.5.9. Saudi Arabia Document Capture Software Market
    8.5.9.1. Market Size and Forecast, By Solution
    8.5.9.2. Market Size and Forecast, By Deployment
    8.5.9.3. Market Size and Forecast, By Enterprise Size
    8.5.9.4. Market Size and Forecast, By Industry Vertical
  8.5.10. UAE Document Capture Software Market
    8.5.10.1. Market Size and Forecast, By Solution
    8.5.10.2. Market Size and Forecast, By Deployment
    8.5.10.3. Market Size and Forecast, By Enterprise Size
    8.5.10.4. Market Size and Forecast, By Industry Vertical
  8.5.11. Argentina Document Capture Software Market
    8.5.11.1. Market Size and Forecast, By Solution
    8.5.11.2. Market Size and Forecast, By Deployment
    8.5.11.3. Market Size and Forecast, By Enterprise Size
    8.5.11.4. Market Size and Forecast, By Industry Vertical
  8.5.12. Rest of LAMEA Document Capture Software Market
    8.5.12.1. Market Size and Forecast, By Solution
    8.5.12.2. Market Size and Forecast, By Deployment
    8.5.12.3. Market Size and Forecast, By Enterprise Size
    8.5.12.4. Market Size and Forecast, By Industry Vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. Abbyy Software
  10.1.1. Company Overview
  10.1.2. Key Executives
  10.1.3. Company Snapshot
  10.1.4. Operating Business Segments
  10.1.5. Product Portfolio
  10.1.6. Business Performance
  10.1.7. Key Strategic Moves and Developments
10.2. Artsyl Technologies Inc
  10.2.1. Company Overview
  10.2.2. Key Executives
  10.2.3. Company Snapshot
  10.2.4. Operating Business Segments
  10.2.5. Product Portfolio
  10.2.6. Business Performance
  10.2.7. Key Strategic Moves and Developments
10.3. Canon Inc
  10.3.1. Company Overview
  10.3.2. Key Executives
  10.3.3. Company Snapshot
  10.3.4. Operating Business Segments
  10.3.5. Product Portfolio
  10.3.6. Business Performance
  10.3.7. Key Strategic Moves and Developments
10.4. Capsys Technologies Inc
  10.4.1. Company Overview
  10.4.2. Key Executives
  10.4.3. Company Snapshot
  10.4.4. Operating Business Segments
  10.4.5. Product Portfolio
  10.4.6. Business Performance
  10.4.7. Key Strategic Moves and Developments
10.5. EDAC Systems Inc
  10.5.1. Company Overview
  10.5.2. Key Executives
  10.5.3. Company Snapshot
  10.5.4. Operating Business Segments
  10.5.5. Product Portfolio
  10.5.6. Business Performance
  10.5.7. Key Strategic Moves and Developments
10.6. Ephesoft Inc
  10.6.1. Company Overview
  10.6.2. Key Executives
  10.6.3. Company Snapshot
  10.6.4. Operating Business Segments
  10.6.5. Product Portfolio
  10.6.6. Business Performance
  10.6.7. Key Strategic Moves and Developments
10.7. Hyland Software Inc
  10.7.1. Company Overview
  10.7.2. Key Executives
  10.7.3. Company Snapshot
  10.7.4. Operating Business Segments
  10.7.5. Product Portfolio
  10.7.6. Business Performance
  10.7.7. Key Strategic Moves and Developments
10.8. KnowledgeLake Inc
  10.8.1. Company Overview
  10.8.2. Key Executives
  10.8.3. Company Snapshot
  10.8.4. Operating Business Segments
  10.8.5. Product Portfolio
  10.8.6. Business Performance
  10.8.7. Key Strategic Moves and Developments
10.9. Oracle Corporation
  10.9.1. Company Overview
  10.9.2. Key Executives
  10.9.3. Company Snapshot
  10.9.4. Operating Business Segments
  10.9.5. Product Portfolio
  10.9.6. Business Performance
  10.9.7. Key Strategic Moves and Developments
10.10. Xerox Corporation
  10.10.1. Company Overview
  10.10.2. Key Executives
  10.10.3. Company Snapshot
  10.10.4. Operating Business Segments
  10.10.5. Product Portfolio
  10.10.6. Business Performance
  10.10.7. Key Strategic Moves and Developments


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