Document Capture Software Market: Snapshot
Document capture is the systematic organization and collection of data in industries. It is the integration of tools that are used to capture, preserve, store, and process the information related to business processes. Document capture software takes care of managing, processing, creating, and retention of any content being handled by organizations. Document capture software helps in reducing the workload by managing the complex business workflow. Furthermore, it improves operational efficiency and provides enhanced customer experience. With the usage of Business Intelligence (BI) applications, it provides the integration of structured and unstructured data. With the help of document capture software, unstructured and structured data information is stored and made available. This allows an organization to allocate data to its end users when necessary and to use the data from a centralized source through several platforms.

document capture software market

The document capture software market is anticipated to witness significant growth during the forecast period owing to the rising demand for big data and analytics in many organizations. Big data technology is a new potential revenue generating source of organizations. Therefore, demand for document capture 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, increasing usage of cloud based storage and processing has led to paramount concerns amongst organizations and users utilizing PaaS services to undertake their document capture and storage operations. Cloud/PaaS platform being relatively new is subject to numerous insider threats, account hijacking, malware injections, shared vulnerabilities, and data loss. The impact of this restraint is expected to be moderate in the next few years and would eventually become low by the beginning of next decade. 

The document capture software market has been segmented in terms of deployment, enterprise, solution, end-use industry, and region. While considering deployment, the market has been segmented into cloud, on-premise and hybrid services. The global market by enterprise typecomprises ofsmall & medium enterprises (SME’s) and large enterprises. Thesolution segment of the document capture software market has been divided into multiple-capture, cognitive capture, mobile capture and others. In terms of end-user industry, the market has been bifurcated into retail, banking, financial services & insurance, telecom & IT, healthcare, transportation & logistics, energy and others. Geographically, the overall market has been segmented into North America, Europe, Asia Pacific, Middle East &Africa, and South America. 

North America which consists of the U.S, Canada, and Rest of North America (Mexico, Caribbean, and Central America)was the dominant region in the document capture software market in 2017.The region accounted for more than one-third of the global market revenue share and is expected to continue its leading position throughout the forecast period. This is due to growth in a number of production facilities and logistics network and rising demand fordigitalized documentationsolutions in the region. Europe which includes countries such as Germany, U.K., France, Italy, and Rest of Europe captured the second largest market share in 2017. Asia Pacific, which showed the fastest growth in 2017, buoyed byrising high adoption rate of digitalization in document management solutions over the years, is however seeing hurdles in the growth of document capture software market. Factors such as different regulatory compliances and limited availability of efficient Internet connectivity infrastructure are seen as key causes for the potential growth slag.

Thisreport on the global document capturesoftware market provides market revenue share analysis of the various key participants.Some of the key players profiled in the document capture softwaremarket report include ABBYY Software, Adobe Systems Software Ltd., Artsyl Technologies, Inc, Canon, Inc., CAPSYS Technologies, LLC, DocuLexInc (DocStar), EMC Corp., Ephesoft Inc., Hyland Software Inc., IBM Corporation, Knowledge Lake Inc., Kodak Company, Kofax, Inc., Meniko, Notable Solutions Inc., Nuance, Communications, Inc., Oracle Corp. and Xerox Corporation.

Document Capture Software Market: Overview

The document capture software market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global document capture software market throughout the above mentioned forecast period in terms of revenue (US$ Mn).

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators, integration challenges, end-user adoption analysis, and key trends of the market. Further, key market indicators included in the report provide the significant factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global document capture software market. A market attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the document capture software market. The report also provides an overview of various strategies adopted by the key players present in the market.

Global Document Capture Software Market: Scope of the Report

The document capture software market has been segmented in terms of deployment, enterprise, solution, end-use industry, and region. In terms of deployment, the market has been segmented into cloud, on premise, and hybrid services. The enterprise type segment includes small & medium enterprises (SME’s) and large enterprises. While considering the solution segment, the market has been divided into multiple-capture, cognitive capture, mobile capture and others. In terms of end-user industry, the market has been segmented into retail, banking, financial services & insurance, telecom & IT, healthcare, transportation & logistics, energy and others. The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East &Africa, and South America, along with the qualitative analysis for market estimates supplementing the growth of the document capture software market during the forecast period.

The report also highlights the competitive landscape of the global document capture software market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry. The comprehensive document capture software market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the document capture software market growth.

This report provides all the essential information required to understand the key developments in the document capture software market, growth trends of each segment and region. It also includes companies’ strategies, financial information, SWOT analysis, and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the document capture software market. This report also provides a comprehensive ecosystem analysis for the document capture software market. It explains the various participants including software & third-party vendors, system integrators, and distribution channels within the value chain operating in the market.

Global Document Capture Software Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions and face-to-face interviews for detailed and unbiased reviews on the document capture software market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer firsthand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook, etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Document Capture Software Market: Competitive Dynamics

The global document capture software market report provides company market share analysis of the various key participants. Some of the key players profiled in the report include ABBYY Software, Adobe Systems Software Ltd., Artsyl Technologies, Inc, Canon, Inc., CAPSYS Technologies, LLC, DocuLexInc. (DocStar), EMC Corp., Ephesoft Inc., Hyland Software Inc., IBM Corporation, Knowledge Lake Inc., Kodak Company, Kofax, Inc., Meniko, Notable Solutions Inc., Nuance, Communications, Inc., Oracle Corp. and Xerox Corporation.

The global document capture software market is segmented as below:

Global Document Capture Software Market, by Deployment

  • On-Premise
  • Cloud
  • Hybrid

Global Document Capture Software Market, by Enterprise Size

  • SMEs
  • Large Enterprises

Global Document Capture Software Market,by Solution

  • Multiple-Channel Capture
  • Cognitive Capture
  • Mobile Capture
  • Others

Global Document Capture Software Market, by Industry

  • Retail
  • Banking
  • Financial Services & Insurance
  • Telecom & IT
  • Healthcare
  • Transportation & Logistics
  • Energy
  • Others (Education, Manufacturing)

Global Document Capture Software Market, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Australia
    • Japan
    • Rest of APAC
  • Middle East &Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America