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Optical Character Recognition - Global Market Trajectory & Analytics

  • ID: 5030639
  • Report
  • July 2020
  • Region: Global
  • 184 pages
  • Global Industry Analysts, Inc
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Global Optical Character Recognition Market to Reach $27.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Optical Character Recognition estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$27.2 Billion by 2027, growing at aCAGR of 14.2% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 13.6% CAGR and reach US$20.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Service segment is readjusted to a revised 16.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 13.7% CAGR

The Optical Character Recognition market in the U.S. is estimated at US$3.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2027 trailing a CAGR of 13.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.7% and 12.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR. The publisher brings years of research experience to this 5th edition of the report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • ABBYY Solutions Ltd.
  • Accusoft
  • Adobe Systems, Inc.
  • Anyline GmbH
  • ATAPY Software
  • Black Ice Software LLC
  • CCi Intelligence Co., Ltd
  • Creaceed SPRL
  • CVISION Technologies, Inc.
  • Exper-OCR Inc.
  • Google, Inc.
  • IBM Corporation
  • LEAD Technologies, Inc.
  • Microsoft Corporation
  • NTT DATA Corporation
  • Nuance Communications, Inc.
  • Paradatec, Inc.
  • Prime Recognition Corporation
  • Ricoh Company, Ltd.
  • Ripcord Inc.
  • SEAL Systems AG
  • Transym Computer Services Ltd.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Optical Character Recognition Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Optical Character Recognition Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Optical Character Recognition Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Optical Character Recognition Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Software (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Software (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Software (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Service (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Service (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Service (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Retail (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: Retail (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: Retail (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: BFSI (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 14: BFSI (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 15: BFSI (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Transport & Logistics (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Transport & Logistics (End-Use) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Transport & Logistics (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Media & Entertainment (End-Use) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 20: Media & Entertainment (End-Use) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
TABLE 21: Media & Entertainment (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: IT & Telecom (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 23: IT & Telecom (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 24: IT & Telecom (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Other End-Uses (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 26: Other End-Uses (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 27: Other End-Uses (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Optical Character Recognition Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 28: United States Optical Character Recognition Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 29: Optical Character Recognition Market in the United States by Type: A Historic Review in US$ Million for 2012-2019
TABLE 30: United States Optical Character Recognition Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 31: United States Optical Character Recognition Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 32: Optical Character Recognition Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
TABLE 33: Optical Character Recognition Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

CANADA

TABLE 34: Canadian Optical Character Recognition Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 35: Canadian Optical Character Recognition Historic Market Review by Type in US$ Million: 2012-2019
TABLE 36: Optical Character Recognition Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
TABLE 37: Canadian Optical Character Recognition Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 38: Optical Character Recognition Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 39: Canadian Optical Character Recognition Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

JAPAN

TABLE 40: Japanese Market for Optical Character Recognition: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 41: Optical Character Recognition Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 42: Japanese Optical Character Recognition Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 43: Japanese Demand Estimates and Forecasts for Optical Character Recognition in US$ Million by End-Use: 2020 to 2027
TABLE 44: Japanese Optical Character Recognition Market in US$ Million by End-Use: 2012-2019
TABLE 45: Optical Character Recognition Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

CHINA

TABLE 46: Chinese Optical Character Recognition Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 47: Optical Character Recognition Historic Market Analysis in China in US$ Million by Type: 2012-2019
TABLE 48: Chinese Optical Character Recognition Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 49: Chinese Demand for Optical Character Recognition in US$ Million by End-Use: 2020 to 2027
TABLE 50: Optical Character Recognition Market Review in China in US$ Million by End-Use: 2012-2019
TABLE 51: Chinese Optical Character Recognition Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Optical Character Recognition Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 52: European Optical Character Recognition Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 53: Optical Character Recognition Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 54: European Optical Character Recognition Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: European Optical Character Recognition Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 56: Optical Character Recognition Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 57: European Optical Character Recognition Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 58: European Optical Character Recognition Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 59: Optical Character Recognition Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 60: European Optical Character Recognition Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

FRANCE

TABLE 61: Optical Character Recognition Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 62: French Optical Character Recognition Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 63: French Optical Character Recognition Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 64: Optical Character Recognition Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 65: French Optical Character Recognition Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 66: French Optical Character Recognition Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY

TABLE 67: Optical Character Recognition Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 68: German Optical Character Recognition Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 69: German Optical Character Recognition Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 70: Optical Character Recognition Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 71: German Optical Character Recognition Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 72: Optical Character Recognition Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027

ITALY

TABLE 73: Italian Optical Character Recognition Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 74: Optical Character Recognition Historic Market Analysis in Italy in US$ Million by Type: 2012-2019
TABLE 75: Italian Optical Character Recognition Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 76: Italian Demand for Optical Character Recognition in US$ Million by End-Use: 2020 to 2027
TABLE 77: Optical Character Recognition Market Review in Italy in US$ Million by End-Use: 2012-2019
TABLE 78: Italian Optical Character Recognition Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 79: United Kingdom Market for Optical Character Recognition: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 80: Optical Character Recognition Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 81: United Kingdom Optical Character Recognition Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 82: United Kingdom Demand Estimates and Forecasts for Optical Character Recognition in US$ Million by End-Use: 2020 to 2027
TABLE 83: United Kingdom Optical Character Recognition Market in US$ Million by End-Use: 2012-2019
TABLE 84: Optical Character Recognition Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 85: Rest of Europe Optical Character Recognition Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 86: Optical Character Recognition Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 87: Rest of Europe Optical Character Recognition Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 88: Rest of Europe Optical Character Recognition Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 89: Optical Character Recognition Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 90: Rest of Europe Optical Character Recognition Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 91: Optical Character Recognition Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 92: Asia-Pacific Optical Character Recognition Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 93: Asia-Pacific Optical Character Recognition Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 94: Optical Character Recognition Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 95: Asia-Pacific Optical Character Recognition Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 96: Asia-Pacific Optical Character Recognition Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

REST OF WORLD

TABLE 97: Rest of World Optical Character Recognition Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 98: Rest of World Optical Character Recognition Historic Market Review by Type in US$ Million: 2012-2019
TABLE 99: Optical Character Recognition Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
TABLE 100: Rest of World Optical Character Recognition Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 101: Optical Character Recognition Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 102: Rest of World Optical Character Recognition Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 43

Note: Product cover images may vary from those shown
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