Optical character recognition (OCR) is the technology used to distinguish printed or handwritten text characters within digital images of physical documents like scanned paper documents.
According to a new report Global Optical Character Recognition Market, published by KBV Research, The Global Optical Character Recognition Market size is expected to reach $12.6 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period.
The North America market dominated the Global Optical Character Recognition Integration & Deployment Market by Region 2018, growing at a CAGR of 13.9 % during the forecast period. The Europe market is expected to witness a CAGR of 14.6% during (2019-2025).
Additionally, The Asia Pacific market is expected to witness a CAGR of 17.7% during (2019-2025).
The Software market dominated the Global Optical Character Recognition Market by Component 2018, growing at a CAGR of 12.5 % during the forecast period. The Services market is expected to witness a CAGR of 16.7% during (2019-2025).
The BFSI market dominated the Global Optical Character Recognition Market by End User 2018, growing at a CAGR of 12 % during the forecast period. The Healthcare & Life Sciences market is expected to witness a CAGR of 14.5% during (2019-2025).
The Energy & Utilities market is expected to witness a CAGR of 16.4% during (2019-2025). Additionally, The Education & Legal market is expected to witness highest CAGR of 14.9% during (2019-2025).
Full Report: www.kbvresearch.com/optical…on-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Google, Inc., Nuance Communications, Inc., Adobe, Inc., Accusoft Corporation, Ricoh Company Limited, Anyline GmbH, NTT Data Corporation and LEAD Technologies, Inc.
Global Optical Character Recognition Market Segmentation
Integration and Deployment
Advisory and Consulting
Support and Maintenance
By End User
Healthcare and Life Sciences
Energy and Utilities
Education and Legal
Telecom and IT
Government and Public Sector
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Nuance Communications, Inc.
Ricoh Company Limited
NTT Data Corporation
LEAD Technologies, Inc.
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