Optical Character Recognition in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Optical character recognition (OCR) is the process of electronically converting printed or handwritten text into machine-readable text that can be edited and searched electronically. OCR software analyses the shapes and patterns of characters in an image and converts them into ASCII (American Standard Code for Information Interchange) codes or Unicode characters. The OCR technology can be used to convert printed or written documents into a digital format, allowing for easy editing, storing, and sharing of the content. OCR technology is commonly used in various applications, such as digitizing books, converting paper documents into electronic format, recognizing license plate numbers, and processing forms and invoices.
- The Middle East & African optical character recognition market recorded revenues of $720.7 million in 2024, representing a compound annual growth rate (CAGR) of 11.1% between 2019 and 2024.
- The software segment accounted for the market's largest proportion in 2024, with total revenues of $570.1 million, equivalent to 79.1% of the market's overall value.
- In 2024, the Middle East & African optical character recognition market recorded an annual growth of 11.7%. The growth is attributed to the expanding digitalization, which encourages the digital processing and management of large amounts of physical documents.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the optical character recognition market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the optical character recognition market in Middle East & Africa
- Leading company profiles reveal details of key optical character recognition market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa optical character recognition market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Middle East & Africa optical character recognition market by value in 2024?
- What will be the size of the Middle East & Africa optical character recognition market in 2029?
- What factors are affecting the strength of competition in the Middle East & Africa optical character recognition market?
- How has the market performed over the last five years?
- What are the main segments that make up Middle East & Africa's optical character recognition market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADOBE Inc
- Google LLC
- uqudo Technology Ltd
- Sakhr Software Company
- Pixdynamics Pvt Ltd
