DUBLIN – (COMMERCIAL THREAD) – The “Global Optical Character Recognition Systems Market Size by Product, Application, Geographic Scope and Forecast” report has been added to ResearchAndMarkets.com offer.
The global optical character recognition (OCR) systems market was valued at $ 6,805.00 million in 2019 and is expected to reach $ 21,466.30 million by 2027, with a long-term CAGR of 14.87% of 2020 to 2027.
The global Optical Character Recognition (OCR) Systems market report provides a holistic assessment of the market for the forecast period. The report comprises various segments along with an analysis of the trends and factors that play an important role in the market. These factors; Market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors on the market is described. Drivers and restraints are intrinsic factors while opportunities and challenges are extrinsic factors in the market. The Global Optical Character Recognition (OCR) Systems market study gives the outlook for the market development in terms of revenue throughout the prognosis period.
Global Optical Character Recognition (OCR) Systems Market Overview
The increase in the applications of OCR systems in the transportation and logistics industry is a key factor that has triggered the growth of the OCR market. Warehouses and drivers are increasingly using mobile OCR systems to extract and read codes from inbound packages, indexes, invoices, product catalogs, goods receipts, loading / transportation, returns of goods, among others. Trucking, rail freight, ocean freight, and air freight companies, as well as courier, express, and parcel companies have moved into OCR-based services to implement solutions to manage traffic. data.
This report provides a comprehensive environment for analysis of the global Optical Character Recognition (OCR) Systems Market. The market estimates provided in the report are the result of extensive secondary research, primary interviews, and in-house expert reviews. These market estimations have been taken into account by studying the impact of various social, political and economic factors along with current market dynamics affecting the growth of the global Optical Character Recognition (OCR) Systems market.
Besides the market overview, which includes market dynamics, the chapter includes Porter’s five forces analysis which explains the five forces: namely bargaining power of buyers, bargaining power of suppliers, threat of new entrants, the threat of surrogates, and the degree of competition in the global Optical Character Recognition (OCR) Systems Market. It explains the different participants, such as system integrators, intermediaries and end users within the market ecosystem. The report also focuses on the competitive landscape of the global Optical Character Recognition (OCR) Systems Market.
Global Optical Character Recognition (OCR) Systems Market: Segmentation Analysis
The global optical character recognition (OCR) systems market is segmented on the basis of product, application, and geography.
NTT DATA Corporation
CVISION Technologies Inc.
LEAD Technologies Inc.
IntSig Information Co. Ltd
Main recognition company
Main topics covered:
1.1 Market definition
1.2 Market segmentation
1.3 Research calendar
2 Research methodology
2.1 Data mining
2.2 Secondary research
2.3 Primary research
2.4 Expert advice on the subject
2.5 Quality control
2.6 Final exam
2.7 Data triangulation
2.8 Bottom-up approach
2.9 Top-down approach
2.1 Search feed
3 Executive summary
3.1 Market overview
3.2 Geographic Analysis of Global Optical Character Recognition (OCr) Systems Market (Cagr%)
3.3 Global Optical Character Recognition (Ocr) Systems Market, By Product (USD Million)
3.4 Global Optical Character Recognition (Ocr) Systems Market, By Application (USD Million)
3.5 Future Market Opportunities
3.6 Global Market Breakdown
4 Market outlook
4.1 Global Optical Character Recognition (OCR) Systems Market Outlook
4.2 Market drivers
4.2.1 Growing importance of developers of OCR solutions in integrating improved technology to improve accuracy
4.2.2 Wide Range of Applications in Transportation and Logistics Industry Transformation
4.3 Market restrictions
4.3.1 Lack of precision in recognizing handwritten material
4.4 Market opportunities
4.4.1 Increase digitization practices around the world
4.4.2 Growing Need for Identity Verification Services
4.5 Impact of Covid-19 on the Global Optical Character Recognition (OCR) Systems Market
5 Market, by product
6 Market, by application
6.3 Retail and manufacturing
6.4 Transport and logistics
6.5 IT & Telecom
6.6 Media and entertainment
7 Market, by geography
7.2 North America
7.2.1 United States
7.3.2 United Kingdom
7.3.4 Rest of Europe
7.4.4 Rest of Asia-Pacific
7.5 Rest of the world
7.5.1 Middle East and Africa
7.5.2 Latin America
8 Competitive landscape
8.2 Competitive scenario
8.3 Analysis of the ranking of companies in the market
9 company profiles
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