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Report
Europe Optical Character Recognition Market Forecast 2022-2030
Market Report I 2022-07-04 I 142 Pages I Inkwood Research
KEY FINDINGS
The Europe optical character recognition market is evaluated to progress with a CAGR of 14.92% across the estimated years of 2022 to 2030. The market growth of the region is facilitated by the rise in online identification and transactions, the ongoing trend of sustainable development, as well as the surge in educational opportunities.
MARKET INSIGHTS
The Europe optical character recognition market growth evaluation comprises the assessment of Germany, the United Kingdom, Spain, Poland, France, Italy, and Rest of Europe. In addition to the scanning and imaging of documents, OCR is also used for security purposes across Italy. For instance, banks and banking apps utilize optical character recognition for the extraction of critical data from checks, including the account number, hand signature, and amount. Moreover, the technology helps improve security fraud prevention, facilitates faster processing, and reduces risk, as well. Optical character recognition also helps in the accelerated processing of loan and mortgage applications, payslips, and invoices in the country.
Conversely, while Poland is not progressive in terms of the applications of OCR, the software helps eliminate the manual effort of accessing or editing documents, thus saving both time and money. Users can efficiently access and edit vital information, as well. Moreover, since an organization's paperwork can be easily digitized and shared using optical character recognition solutions, the user can completely achieve a paperless office. Hence, the aforementioned factors are expected to fuel the Europe optical character recognition market growth across the forecasted period.
COMPETITIVE INSIGHTS
The top companies in the market are Nuance Communications, Adobe Systems Inc, IBM, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASING ADOPTION OF OCR SOLUTION DEVELOPERS IN ADVANCED TECHNOLOGY
3.1.2. IMPROVED CUSTOMER SUPPORT AND INCREASED DOCUMENT PROTECTION
3.1.3. RISE IN ADOPTION OF OCR ACROSS DIVERSIFIED VERTICALS
3.2. KEY RESTRAINTS
3.2.1. LACK OF ACCURACY IN RECOGNITION OF HANDWRITTEN MATERIAL
3.2.2. LIMITATIONS IN DELIVERING ACCURATE OUTPUT
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON OPTICAL CHARACTER RECOGNITION MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
5. MARKET BY COMPONENT
5.1. SOFTWARE
5.2. SERVICE
6. MARKET BY INDUSTRY
6.1. BFSI
6.2. TRANSPORT & LOGISTIC
6.3. HEALTHCARE
6.4. GOVERNMENT
6.5. EDUCATION
6.6. IT & TELECOM
6.7. MANUFACTURING
6.8. RETAIL
6.9. OTHERS
7. MARKET BY END-USER
7.1. B2B
7.2. B2C
8. GEOGRAPHICAL ANALYSIS
8.1. EUROPE
8.1.1. MARKET SIZE & ESTIMATES
8.1.2. KEY GROWTH ENABLERS
8.1.3. KEY CHALLENGES
8.1.4. KEY PLAYERS
8.1.5. COUNTRY ANALYSIS
8.1.5.1. UNITED KINGDOM
8.1.5.2. GERMANY
8.1.5.3. FRANCE
8.1.5.4. SPAIN
8.1.5.5. ITALY
8.1.5.6. POLAND
8.1.5.7. REST OF EUROPE
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
9.2.1. ABBYY
9.2.2. ADOBE SYSTEMS INC
9.2.3. ANYLINE GMBH
9.2.4. CAPTRICITY INC (ACQUIRED BY SS&C)
9.2.5. CREACEED
9.2.6. EXPERVISION INC
9.2.7. FOXIT SOFTWARE INC
9.2.8. GOOGLE LLC
9.2.9. IBM
9.2.10. INTSIG INFORMATION CO LTD
9.2.11. IRIS GROUP SA
9.2.12. LEAD TECHNOLOGIES
9.2.13. MICROSOFT CORP
9.2.14. NUANCE COMMUNICATIONS INC
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - OPTICAL CHARACTER RECOGNITION
TABLE 2: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY INDUSTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY INDUSTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: LEADING PLAYERS OPERATING IN EUROPE OPTICAL CHARACTER RECOGNITION MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 7: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 8: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY SERVICE, 2022-2030 (IN $ MILLION)
FIGURE 9: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, GROWTH POTENTIAL, BY INDUSTRY, IN 2021
FIGURE 10: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY BFSI, 2022-2030 (IN $ MILLION)
FIGURE 11: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY TRANSPORT AND LOGISTIC, 2022-2030 (IN $ MILLION)
FIGURE 12: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 13: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY GOVERNMENT, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY IT & TELECOM, 2022-2030 (IN $ MILLION)
FIGURE 16: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY MANUFACTURING, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY RETAIL, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)
FIGURE 19: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 20: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY B2B, 2022-2030 (IN $ MILLION)
FIGURE 21: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, BY B2C, 2022-2030 (IN $ MILLION)
FIGURE 22: EUROPE OPTICAL CHARACTER RECOGNITION MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 23: UNITED KINGDOM OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: GERMANY OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: FRANCE OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: SPAIN OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: ITALY OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: POLAND OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 29: REST OF EUROPE OPTICAL CHARACTER RECOGNITION MARKET, 2022-2030 (IN $ MILLION)
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