Document Capture Software Market Size Predicted to Hit USD 52.7 billion by 2033 at 9.8% CAGR, Says AMR

Document Capture Software Market

Strong digital transformation activities across a range of businesses have led to a high adoption rate of modern technology in the region

WILMINGTON, NEW CASTLE, DE, UNITED STATES, February 4, 2025 /EINPresswire.com/ — The global 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 was valued at $20.1 billion in 2023, and is projected to reach $52.7 billion by 2033, growing at a CAGR of 9.8% from 2024 to 2033. Numerous factors such as the rise in digital transformation programs and industry-wide regulatory compliance requirements, are driving the growth of the document capture software market. The growing trend of remote work, coupled with the growing acceptance of cloud technologies, is further proepelling the growth of the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 – 200 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A09690

By deployment, the hybrid segment held a significant market share in 2023. This growth is attributed the rise in demand for both on-premise and cloud solutions to perform distinctive functions within the same organization. The growing hybrid work culture is further influencing the growth of the segment.

By component, the multiple channel capture solution segment held the largest market share in 2023, owing to the surge in need for advanced document capture solutions owing to integrate with other systems like CRM and ERP for automating the data capture processes across the organization.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/document-capture-software-market/purchase-options

By enterprise, the large enterprises segment held the largest market share in 2023, owing to the large volume of data across these enterprises. The contantly increasing volume of data across large enterprises coupled with the digitalization initiatives to cut time and cost is thereby contributing to the growth of the market.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

Abbyy Software
Artsyl Technologies Inc
Canon Inc
Capsys Technologies Inc
EDAC Systems Inc
Ephesoft Inc
Hyland Software Inc
KnowledgeLake Inc
Oracle Corporation
Xerox Corporation.

The report provides a detailed analysis of these key vendors in the global document capture software market. These players have adopted different strategies such as new development, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, portfolio, and strategic moves of market vendors to showcase the competitive scenario.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A09690

By industry vertical, the IT & telecommunication segment held a significant market share in 2023. The rise in importance of data to offer a enhanced customer services is increasing the demand for advanced solutions for capturing data at a single point for customer reference.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A09690

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

In April 2023, IBML announced the launch of its new FUSiON HD high volume document scanner, designed to meet the Federal Agencies Digital Guidelines Initiative (FADGI) 3-star imaging quality criteria. This scanner is designed for companies that need to process a lot of paperwork fast because it can digitize documents of excellent quality.

In April 2023, TUNGSTEN AUTOMATION (Kofax) announced the launch of its new Kofax ControlSuite 2.0. This integrated solution enhances document capture, print management, and workflow automation across businesses.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Strong digital transformation activities across a range of businesses have led to a high adoption rate of modern technology in the region. Securing regulatory compliance in industries such as healthcare and finance increases the need for effective document management systems. Furthermore, the existence of major market players like IBM, Adobe, and Kofax is influencing the ongoing investment and innovation in this field. The market’s expansion in North America is further supported by the region’s well-established IT infrastructure and the growing use of cloud-based solutions.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Customer Experience Outsourcing Services Market – https://www.alliedmarketresearch.com/customer-experience-outsourcing-services-market-A12271

Adaptive Learning Software Market – https://www.alliedmarketresearch.com/adaptive-learning-software-market

Voice Biometrics Market – https://www.alliedmarketresearch.com/voice-biometrics-market

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.