Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Does the Document Capture Software Market Size Analysis Reveal?
The document capture software market has experienced robust growth in recent years, expanding from $9.48 billion in 2024 to a predicted $10.36 billion in 2025. This growth, equivalent to a compound annual growth rate (CAGR) of 9.2%, is largely attributable to the increasing need for efficient document management and organization, focus on cost reduction and operational efficiency, and the evolution of digital transformation strategies among businesses.
The market outlook remains positive, with predictions for the market size to hit $17.85 billion by 2029 at an impressive CAGR of 14.6%. Key factors expected to fuel this growth include the rising demand for cloud-based document capture solutions, adoption of artificial intelligence (AI) and machine learning (ML) integrations, growing utilization of mobile document capture applications, and the increasing importance of data security and privacy compliance.
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What Are the Key Drivers of the Document Capture Software Market?
The surge in the adoption of cloud-based software is one of the cornerstones propelling the growth of the document capture software market. This type of software hosted in the cloud is known to significantly reduce IT and maintenance costs for enterprises. This cost-effective solution to storing and tracking electronic files has sparked substantial interest in document capture software across numerous sectors. According to a December 2023 report published by Eurostat, in 2023, 42.5% of EU enterprises utilized cloud computing services primarily for email, file storage, and office software.
Which Are the Key Segments Within the Global Document Capture Software Market?
1) By Solution: Multiple-Channel Capture, Cognitive Capture, Mobile Capture, Other Solutions
2) By Deployment: Cloud, On-Premise, Hybrid
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Industry: Retail, Banking, Financial Services And Insurance, Telecom And IT, Healthcare, Transportation And Logistics, Energy, Other Industries
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Who Are the Major Players in the Document Capture Software Market?
Major players in this market include Adobe Inc., Canon Inc., DocStar ECM, Hyland Software Inc., ABBYY Solutions Ltd, Artsyl Technologies Inc., KnowledgeLake Inc., Oracle Corporation, Kofax Inc., Xerox Corporation, International Business Machines Corporation, Outback Imaging Pty Ltd, OpenText Corporation and more. These companies are influential in shaping the market landscape, contributing to its growth and competitiveness.
What Are the Emerging Trends in the Document Capture Software Market?
Technological advancements are reshaping the document capture software market, creating numerous opportunities for market players. Companies are integrating new technologies to attract more customers. For example, in July 2022, Kodak Alaris, a UK-based firm, released Capture Pro, a next-generation document capture software featuring security updates, feature enhancements, and integrations with third-party applications.
What Are the Key Variations Across Regions in the Document Capture Software Market?
North America was the largest region in the document capture software market in 2024. However, the forecasted fastest-growing region is expected to be Asia-Pacific, demonstrating the substantial potential in this area for document capture software providers.
What Does The Document Capture Software Market Report 2025 Offer?
Document capture software is designed to digitize documentation processes, reducing the hassle and storage issues associated with paper documents. It combines importing, scanning, and integration capabilities to store all documents in a digital repository for easy access. The Document Capture Software Market research report from The Business Research Company offers vital insights into global market sizes, growth rates, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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