Optical Character Recognition in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Emirati optical character recognition market recorded revenues of $138.5 million in 2024, representing a compound annual growth rate (CAGR) of 12.5% between 2019 and 2024.
- The software segment accounted for the market's largest proportion in 2024, with total revenues of $109.7 million, equivalent to 79.2% of the market's overall value.
- In 2024, the Emirati optical character recognition market recorded an annual growth of 13.0%. The growth is attributed to the expanding digitalization, which is encouraging the processing and management of large amounts of physical documents digitally.
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 United Arab Emirates
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the optical character recognition market in United Arab Emirates
- 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 United Arab Emirates optical character recognition market with five year forecasts
Reasons to Buy
- What was the size of the United Arab Emirates optical character recognition market by value in 2024?
- What will be the size of the United Arab Emirates optical character recognition market in 2029?
- What factors are affecting the strength of competition in the United Arab Emirates optical character recognition market?
- How has the market performed over the last five years?
- What are the main segments that make up United Arab Emirates's optical character recognition market?
Table of Contents
- 1.Executive Summary
1.2.Market value forecast
1.3.Category segmentation
1.4.Geography segmentation
1.5.Market rivalry
1.6.Competitive landscape
- 2.Market Overview
2.2.Market analysis
- 3.Market Data
- 4.Market Segmentation
4.2.Geography segmentation
- 5.Market Outlook
- 6.Five Forces Analysis
6.2.Buyer power
6.3.Supplier power
6.4.New entrants
6.5.Threat of substitutes
6.6.Degree of rivalry
- 7.Competitive Landscape
7.2.What are the strategies of the leading players?
7.3.What are the most recent developments in the market?
- 8.Company Profiles
8.2.uqudo Technology Ltd
8.3.Sakhr Software Company
8.4.Avaali Solutions Pvt Ltd
8.5.Pixdynamics Pvt Ltd
- 9.Macroeconomic Indicators
- 10.Appendix
10.2.Industry associations
10.3.Related the analyst research
10.4.About the Analyst
List of Tables
Table 1: United Arab Emirates optical character recognition market value: $ million, 2019-24
Table 2: United Arab Emirates optical character recognition market category segmentation: % share, by value, 2019-24
Table 3: United Arab Emirates optical character recognition market category segmentation: $ million, 2019-24
Table 4: United Arab Emirates optical character recognition market geography segmentation: $ million, 2024
Table 5: United Arab Emirates optical character recognition market value forecast: $ million, 2024-29
Table 6: ADOBE Inc: Key Facts
Table 7: ADOBE Inc: annual financial ratios
Table 8: ADOBE Inc: key employees
Table 9: uqudo Technology Ltd: Key Facts
Table 10: Sakhr Software Company: Key Facts
Table 11: Avaali Solutions Pvt Ltd: Key Facts
Table 12: Pixdynamics Pvt Ltd: Key Facts
Table 13: United Arab Emirates Size of Population (Million), 2020-24
Table 14: United Arab Emirates Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 15: United Arab Emirates GDP (Current Prices, $ Billion), 2020-24
Table 16: United Arab Emirates Inflation, 2020-24
Table 17: United Arab Emirates Consumer Price Index (Absolute), 2020-24
Table 18: United Arab Emirates Exchange Rate, 2019-24
List of Figures
Figure 1: United Arab Emirates optical character recognition market value: $ million, 2019-24
Figure 2: United Arab Emirates optical character recognition market category segmentation: $ million, 2019-24
Figure 3: United Arab Emirates optical character recognition market geography segmentation: % share, by value, 2024
Figure 4: United Arab Emirates optical character recognition market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the optical character recognition market in United Arab Emirates, 2024
Figure 6: Drivers of buyer power in the optical character recognition market in United Arab Emirates, 2024
Figure 7: Drivers of supplier power in the optical character recognition market in United Arab Emirates, 2024
Figure 8: Factors influencing the likelihood of new entrants in the optical character recognition market in United Arab Emirates, 2024
Figure 9: Factors influencing the threat of substitutes in the optical character recognition market in United Arab Emirates, 2024
Figure 10: Drivers of degree of rivalry in the optical character recognition market in United Arab Emirates, 2024
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADOBE Inc
- uqudo Technology Ltd
- Sakhr Software Company
- Avaali Solutions Pvt Ltd
- Pixdynamics Pvt Ltd
