Document Analysis - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Document Analysis market is accounted for $287.21 million in 2018 and is expected to reach $12812.46 million by 2027 growing at a CAGR of 52.5% during the forecast period. Some of the key factors propelling the market growth are raising enterprises to digitalize content and growing adoption of cloud-based solutions. However, addressing governance and compliance requirements is the restraining factor for the growth of the market.
Document analysis is a kind of qualitative research where documents are checked by the analyst to assess an appraisal theme. Dissecting records involves coding content into subjects like how focus group or interview transcripts are investigated. Examining documents incorporates coding content into themes similar to how focus group or interview transcripts are analyzed. There are three essential types of documents. They are Public Records, Personal Documents and Physical Evidence.
By organization size, small and medium-sized enterprises segment is expected to grow at a significant market share during the forecast period. The requirement for document analysis is similarly required in all organizations, regardless of the size, to compete in the market. Cost-effectiveness is a basic need of the SMEs, as they are constantly constrained by limited budgets, which leaves them with limited ways to market themselves and gain visibility. SMEs usually opt for Software as a Service (SaaS)-based solutions, due to cost constraints; additionally, the SaaS model minimizes the IT requirement. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period. The developed economies of North America, for example, the US and Canada, there is a high focus on advancements acquired from Research and Development (R&D) and technology.
Some of the key players in Document Analysis Market include Abbyy, Kofax, IBM, Workfusion, Automation Anywhere, Antworks, Parascript, Hyland, Datamatics, Extract Systems, Hyperscience, Opentext, Infrrd, Celaton, HCL Technologies, Kodak Alaris, Rossum, Indata Labs, Ephesoft, IRIS and Right-To-Win.
Deployment Types Covered:
• Managed Services
• Professional Services
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
End Users Covered:
• Transportation and Logistics
• Retail and eCommerce
• Healthcare and Life Sciences
• Banking, Financial Services and Insurance (BFSI)
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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