Global Document Capture Software Market Overview:
Document capture is refer as the systematic collection of data in industries. That means it is the integration of tools which is used to capture, store, preserve and process the business process information. Document capture software take care of the managing, processing, creating, and retention of any content which is being handled by the organisations. Document capture software manages the complex business workflow for reducing the workload. Alos it improves the efficiency related to operational. It provides the integration of structured and unstructured data with the usage of Business Intelligence (BI) applications Some of the key players profiled in the study are ABBYY Software, (Russia), Hyland Software Inc., (United States), Canon Inc., (Japan), Capsys Corp., (United States), Adobe Systems, (United States), EMC Corp., (United States), KnowledgeLake Inc., (United States), IBM Corp., (United States), Kofax, (United States), Oracle Corp., (United States), Omtool Ltd., (United States), Perceptive Software, (United States) and Xerox Corp., (United States).
On the basis of geography, the market of Document Capture Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Solutions, the sub-segment i.e. Multiple-Channel Capture will boost the Document Capture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation, the sub-segment i.e. Small & Medium Enterprise will boost the Document Capture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment model, the sub-segment i.e. Cloud will boost the Document Capture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing demand from many organisations for big data and analytics
- Rising awareness related to the threat associated with the legal liability along with compliance requirements in FMCG, IT and transportation sector
- Rising demand in document capture software in Web APIs
- Machine Learning and Big Data Analytics integration in Document Capture Software
- Mobile-based data capture software
- Rising use of cloud based storage and processing service has also rise the concerns
- Due to the limited capital investment and cost efficiency the product is capturing the market
- High cost associated with the product
- Changing technology for the same product
Major Market Developments:
Blue Prism (AIM: PRSM), the pioneer and market leader in Robotic Process Automation (RPA), and ABBYY, a global leader in content intelligence solutions and services, announced a strategic partnership to integrate ABBYY's FlexiCapture solution with Blue Prism's Digital Workforce – automating the process of turning unstructured content into structured, actionable data for enterprise users
ABBYY a leading provider of content intelligence solutions and services, announced FineReader 14 now has added support for the latest PDF ISO standard and improved functionality to create PDF/UA (Universal Accessibility) documents. Along with improved optical character recognition (OCR) for Japanese and added Hanja symbols for documents in Korean, FineReader 14 is a more powerful PDF productivity tool for global organizations needing to offer digital information easily accessible to the public
Document Capture Software solution vendors, Document Capture Software software service providers, CRM software vendors, IT service providers, Consulting service providers, Managed service providers, Companies/organizations/enterprises using Document Capture Software, Software developers and End-users
Major Objectives Focused through this Study
To define, describe, and forecast the Global Document Capture Software market on the basis of product  , application [Retail, Banking, Financial Services & Insurance, Telecom & IT, Healthcare, Transportation & Logistics, Energy and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Document Capture Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Document Capture Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Readsoft Inc., (Sweden), Notable Solutions Inc., (United States), DocuLex Inc, (United States), Nuance Communications Inc. (United States) and Kodak Company (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Document Capture Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.