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Optical Character-Recognition Software Developers in the US

  • ID: 2148510
  • August 2014
  • Region: United States
  • 33 pages
  • IBISWorld
Clear focus: Renewed business investment and improved technology will enable growth

Optical Character-Recognition Software Developers

During the five years to 2014, the Optical Character-Recognition Software Developers industry benefited from growing corporate profit and low interest rates, encouraging businesses to invest in cost-saving software such as optical character recognition (OCR). Additionally, over the past five years, industry operators have benefited from the rise of digital workflows and paperless communication. In the five years to 2019, industry revenue is forecast to grow, partly due to the movement of medical records online. However, the industry will likely experience increasing competition from open source software developers, which produce and distribute OCR software at no charge to the end user, posing a threat to the industry.

This industry develops and distributes optical character recognition software, which electronically translates scanned images of handwritten, typewritten or printed text into machine-encoded text. This software is used to convert books and documents into electronic files, to computerize record-keeping systems in offices and to publish text onto websites.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Note: Product cover images may vary from those shown

Nuance Communications Inc.

I.R.I.S.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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