The scanner software market size is expected to see rapid growth in the next few years. It will grow to $7.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to digitization initiatives, regulatory compliance, remote work trends, and integration with other systems. Major trends in the forecast period include increased demand for AI-powered document processing, heightened emphasis on security features, integration with IoT devices for streamlined workflows, and a surge in mobile scanning applications.
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Segmentation & Regional Insights
The scanner software market covered in this report is segmented –
1) By Type: On-Premise, Cloud-Based
2) By Application: Original Equipment Manufacturer (OEM), Aftermarket
3) By Industry: Retail, Banking, Financial Services And Insurance, Telecommunication And Information Technology, Healthcare, Transportation And Logistics, Energy, Other Industries
North America was the largest region in the scanner software market in 2023. The regions covered in the scanner software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The high growth in industrial automation is expected to propel the growth of the scanner software market going forward. Industrial automation refers to the use of control systems, such as computers or robots, and information technologies to handle different processes and machinery in an industry to replace human intervention. Industrial automation is proliferating due to its unique capacity to enhance efficiency and productivity, attributed to advancements in technology and the rising demand for streamlined processes. Scanner software automates and streamlines document and barcode processing, thereby improving accuracy and efficiency in managing data and operational workflows. For instance, in October 2022, according to reports published by the International Federation of Robotics (IFR), a US-based non-profit organization that promotes the robotics industry, 517,385 robots were installed in factories worldwide in 2021, marking a 31% increase from 2020. Therefore, high growth in industrial automation is driving the growth of the scanner software market.
Key Industry Players
Major companies operating in the scanner software market are Panasonic Corporation, Hewlett Packard Inc, Fujitsu Limited, Canon Inc., Adobe Inc., Xerox Corporation, Brother Industries, Thomson Reuters Corporation, Seiko Epson Corporation, Kodak Alaris, Nuance Communications, Iris Software Inc., Kofax Ltd., Abbyy LLC, Dynamsoft Corp, Contex A/S, Image Access Inc., Microtek International Inc, Visioneer Inc., SimpleIndex, Ambir Technology Inc., Plustek Inc., VueScan, ExactCODE GmbH, ImageWare Systems
The scanner software market report table of contents includes:
1. Executive Summary
2. Scanner Software Market Characteristics
3. Scanner Software Market Trends And Strategies
4. Scanner Software Market – Macro Economic Scenario
5. Global Scanner Software Market Size and Growth
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32. Global Scanner Software Market Competitive Benchmarking
33. Global Scanner Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Scanner Software Market
35. Scanner Software Market Future Outlook and Potential Analysis
36. Appendix
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