The Scanner Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Scanner Global Market Report 2024, The scanner market size has grown strongly in recent years. It will grow from $2.67 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to document digitization and paperless trends, business process automation, government regulations and compliance, library and archiving needs, educational sector demand.
The scanner market size is expected to see strong growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to integration with cloud services, remote work and collaboration tools, healthcare industry digitization, advancements in 3d scanning, consumer adoption for personal use. Major trends in the forecast period include focus on energy efficiency, rise of portable and handheld scanners, document management software integration, enhanced security features, adoption of ai and machine learning.
Increasing demand for digitalization and automation is expected to propel the growth of the scanner market going forward. Digitization is the process of converting analog information into digital format, while automation is the automatic execution of tasks without periodic interference. Scanners play a crucial role in digitization and automation by converting physical documents into digital format, which can then be easily stored, accessed, and processed by computers. For instance, in March 2023, according to the International Monetary Fund, a US-based financial agency of the United Nations, digitalization across advanced economies increased by an average of 6 percentage points. Furthermore, in August 2022, according to Eurostat, a Luxembourg-based government agency, more than 90% of EU (European Union) SMEs (small-medium enterprises) should reach at least a basic level of digital intensity by 2030. Therefore, increasing demand for digitalization and automation is driving the growth of the scanner market.
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The scanner market covered in this report is segmented –
1) By Type: Flatbed Scanner, Sheet-Fed Scanner, Drum Scanner, Handheld Scanner, Other Types
2) By Distribution Channel: Online Store, Offline Store
3) By End-User: Individual Use, Commercial Use
Technological advances are shaping the scanners market. Scanner-based businesses are continually investing in the creation of emerging technology to enhance their company revenue. For instance, in July 2023, Canon Inc., a Japan-based imaging technologies company, launched imageFORMULA R30 document scanner. Canon imageFORMULA R30 is a versatile and easy-to-use scanner that is ideal for home offices and small businesses that can scan double-sided documents in batches of up to 60 sheets. It also comes with CaptureOnTouch Lite software, which allows users to convert scanned documents to a variety of file formats and make them searchable using keywords.
The scanner market report table of contents includes:
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Top Major Players:
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