Scanner Global Market Report 2024

A scanner is a device designed to capture images from various sources, including photographic prints, posters, and magazine pages, for computer editing and display purposes. Its function involves converting images on a document into digital information, enabling storage on a computer through optical character recognition.

The primary types of scanners include flatbed scanners, sheet-fed scanners, drum scanners, handheld scanners, and others. A flatbed scanner is an optical device equipped with a flat glass surface for scanning documents. These scanners are available both through online and offline stores and find applications in both individual and commercial use.

The scanner market research report is one of a series of new reports from The Business Research Company that provides scanner market statistics, including scanner industry global market size, regional shares, competitors with a scanner market share, detailed scanner market segments, market trends and opportunities, and any further data you may need to thrive in the scanner industry. This scanner market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 historical period can be ascribed to the trend of document digitization and going paperless, the automation of business processes, adherence to government regulations and compliance, requirements in library and archiving, and the demand from the educational sector.

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 anticipated growth in the forecast period can be linked to the integration with cloud services, the prevalence of remote work and collaboration tools, the digitization of the healthcare industry, advancements in 3D scanning, and increasing consumer adoption for personal use. Key trends expected in the forecast period encompass a focus on energy efficiency, the surge of portable and handheld scanners, integration with document management software, the incorporation of enhanced security features, and the adoption of AI and machine learning.

The growth of the scanner market is expected to be propelled by the increasing demand for digitalization and automation. Digitalization involves converting analog information into a digital format, while automation enables tasks to be executed automatically without periodic interference. Scanners play a vital role in this process by converting physical documents into digital format, facilitating easy storage, access, and processing by computers. For example, data from the International Monetary Fund in March 2023 revealed a 6-percentage-point increase in digitalization across advanced economies on average. Additionally, Eurostat reported in August 2022 that over 90% of EU SMEs should achieve a basic level of digital intensity by 2030. Consequently, the rising demand for digitalization and automation is a driving force behind the growth of the scanner market.

The scanner market's growth is further expected to be fueled by the increasing demand for sheet-fed scanners. Sheetfed scanners are designed to scan loose sheets of paper and are widely used by businesses for scanning office documents. The preference for paper digitization in businesses is driven by cost reduction in document management, including savings on paper and various office supplies. Additionally, digitization helps save office space previously allocated for paper records. As a result, the growing demand for digitization is anticipated to boost the demand for sheet-fed scanners, contributing to the overall growth of the scanner market.

The availability of alternatives, such as scanning documents through smartphones, poses a potential hindrance to the growth of the scanner market during the forecasted period. Advancements in smartphone technology have equipped devices with scanning features, including 3D scanning capabilities. For instance, Google launched the Stack smartphone application in March 2021, allowing users to scan various documents, such as IDs, bills, and receipts. The application utilizes AI technology to organize scanned documents based on essential information and converts them into PDFs. The presence of alternative scanning options through smartphones may restrain the market growth for traditional scanners during the forecast period.

The scanners market is being significantly influenced by technological advancements. Businesses in the scanner industry consistently invest in emerging technologies to enhance their revenue streams. For example, in July 2023, Canon Inc., a Japan-based imaging technologies company, introduced the imageFORMULA R30 document scanner. The Canon imageFORMULA R30 is a versatile and user-friendly scanner designed for home offices and small businesses, capable of batch scanning double-sided documents of up to 60 sheets. It includes CaptureOnTouch Lite software, enabling users to convert scanned documents into various file formats and make them searchable using keywords.

Major companies in the scanner market are actively engaged in the development of innovative and advanced products to establish a competitive edge. Innovative and advanced products in this context refer to scanners incorporating advanced image scanning and innovative paper handling capabilities, ensuring the delivery of high-quality scanning results. For instance, in August 2023, Voxelgrids, an India-based Healthtech startup, launched an advanced and cost-effective MRI scanner poised to revolutionize healthcare accessibility. The company has successfully developed a state-of-the-art MRI (Magnetic Resonance Imaging) scanner, significantly more affordable than comparable conventional models, thereby eliminating access barriers for billions of people who were previously unable to afford such technology.

Major companies operating in the scanner market report are Hewlett-Packard Development Company LP, Honeywell International Inc., Fujitsu Limited, Canon Inc., Seiko Epson Corporation, Xerox Corporation, Brother Industries Ltd., Zebra Technologies Corporation, Contex A/S, SATO Holdings Corporation, Epson America Inc., Faro Technologies Inc., Iris Software Private Limited, Creaform Inc., Opticon Inc., Dymo Industries Inc., Metrologic Group SAS, Image Access Corp., Handheld Group Ltd., Zeutschel GmbH, Artec 3D Inc., Microtek International Inc., Plustek Inc., Visioneer Inc., Metrologic Instruments Inc., Platypod Pro LLC, EVA Vision Ltd., Qidenus Technologies GmbH, EasyScan BV, Colortrac Ltd.

The Asia-Pacific was the largest region in the scanner market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global scanner market report during the forecast period. The regions covered in the scanner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the scanner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The scanner market consists of sales of scanners, which are input devices that can be connected to computers to optically scan images, print texts, handwritings or objects, and convert them to digital images. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Scanner Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on scanner market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for scanner ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The scanner market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Hewlett-Packard Development Company LP; Honeywell International Inc.; Fujitsu Limited; Canon Inc.; Seiko Epson Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.