Global Document Scanner Market Size Valued US$ 1298 million in 2021 is reach US$ 1627 million by 2026 and is expected to grow 5.8% CAGR in terms of revenue during the Forecast period 2020-2027
Document scanners are unified with advance image augmentation software that assists in adjusting automatic contrast and image for original papers that are faded or worn out. As far as image processing is concerned Kofax’s virtual rescan (VRS) is widely used and popular document scanner software. It can be installed in computer and connected with the scanner which helps in reducing improving the document’s image quality. There is an increasing demand for handheld documents which is anticipated to help the expansion of document scanner market worldwide. Some of the widely accepted handheld scanners are the Wolverine, C-pen, VuPoint, Ectaco and Taotronics. Document Scanner is a device that converts a document or text from its paper form into digital data. It usually consists of hardware, software and signal lines or power lines.
Scanned documents would willingly be used for storage as well as distribution of critical business documents. These factors have positively anticipated in propelling the growth of the global Document Scanner Market. There are certain restrictions and limitations encountered that will restrain the market growth. The multifunction printers are negatively affecting the growth of the global Document Scanner Market.
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Top Key players in the Document Scanner Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Fujitsu, Canon, HP, Epson, Brother, Plustek, Kodak, Panasonic, Uniscan, MICROTEK, Founder Technology, Hanvon, Avision, Visioneer (Xerox) and others.
High speed, high image quality and effective paper handling are features of document scanner which is driving the growth of market globally. Ease of integration and high compatibility with document imaging applications are fuelling the need for advance document scanners. Moreover, cloud computing is becoming an important extension to enterprises for data storage and accelerates workflows which increases productivity of employees. Scanned documents would preferably be used for storage as well as distribution of critical-business documents.
However, multifunction printers are negatively impacting the growth of document scanner market. Many companies or office already own multifunction printers and are comfortable in using them. This may hinder the adoption rate of document scanner over multifunction printers.
Document Scanner Market is segmented based on the type, applications, companies and regions.
Based on Product Type
Based on Component Type
Based on End-User
Representing the developed world, the United States will maintain a 12.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$177.1 Million to the region’s size and clout in the next 5 to 6 years. Over US$145.9 Million worth of projected demand in the region will come from Rest of European markets. In Japan, Flatbed Scanners will reach a market size of US$225 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 17.9% over the next couple of years and add approximately US$1.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.8 % over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Fujitsu, Canon, HP, Epson, Brother, Plustek, Kodak, Panasonic, Uniscan, MICROTEK, Founder Technology, Hanvon, Avision, Visioneer (Xerox) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 126 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Document Scanner Market?
Fujitsu, Canon, HP, Epson, Brother, Plustek, Kodak, Panasonic, Uniscan, MICROTEK, Founder Technology, Hanvon, Avision, Visioneer (Xerox)
What regions does this Document Scanner Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Document Scanner Market?
Work Group Document Scanner, Departmental Document Scanner, Low Volume Production Document Scanner, Mid-Volume Production Document Scanner, High Volume Production Document Scanner, Flatbed Document Scanner, Portable Document Scanner, Other
What are the major end-use applications of the Document Scanner Market?
Banking & Finance Services, Enterprise, Education Sector, Government Sector, Household, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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