PUBLISHER: The Business Research Company | PRODUCT CODE: 1526825
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526825
Scanner software refers to computer programs specifically designed to operate scanners, facilitating the conversion of physical documents, images, or barcodes into digital formats. These software tools often incorporate features for image processing, text recognition, and file management, allowing users to efficiently manage and manipulate scanned data.
The main types of scanner software are on-premise and cloud-based solutions. On-premise scanner software is installed and operates on computers within the user's physical location, such as their office. These solutions find applications in various areas including original equipment manufacturer (OEM) and aftermarket services. Industries utilizing these solutions span retail, banking, financial services and insurance, telecommunications and information technology, healthcare, transportation and logistics, energy, among others.
The scanner software market research report is one of a series of new reports from The Business Research Company that provides scanner software market statistics, including the scanner software industry global market size, regional shares, competitors with the scanner software market share, detailed scanner software market segments, market trends, and opportunities, and any further data you may need to thrive in the scanner software industry. These scanner software market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The scanner software market size has grown rapidly in recent years. It will grow from $4.61 billion in 2023 to $5.12 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth during the historic period can be attributed to several factors, including advancements in scanning hardware technology, the ongoing process of digital transformation, integration with office applications, improved OCR (optical character recognition) capabilities, and the adoption of cloud computing and storage solutions.
The scanner software market size is expected to see rapid growth in the next few years. It will grow to $7.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to various factors, including digitization initiatives across industries, regulatory compliance requirements, the continuing trend of remote work, and the integration of scanning systems with other software solutions. Major trends expected during this period include a rising demand for AI-powered document processing capabilities, an increased emphasis on security features within scanning software, integration with IoT devices to streamline workflows, and a surge in the development and adoption of mobile scanning applications.
The anticipated surge in industrial automation is set to drive the growth of the scanner software market in the foreseeable future. Industrial automation involves utilizing control systems, such as computers or robots, and information technologies to manage various processes and machinery within industries, thereby minimizing human intervention. This proliferation of industrial automation is driven by its ability to significantly enhance efficiency and productivity, propelled by technological advancements and the increasing demand for streamlined operational processes. Scanner software plays a crucial role in this landscape by automating and optimizing document and barcode processing, thereby enhancing accuracy and efficiency in managing data and operational workflows. For instance, in October 2022, the International Federation of Robotics reported a 31% increase in the installation of robots in factories worldwide in 2021, reflecting the rapid expansion of industrial automation and its consequent impact on the scanner software market.
Leading companies in the scanner software market are intensifying their efforts to develop innovative solutions, such as smartphone scanning interfaces, to gain a competitive advantage. Smartphone scanning interfaces are user interfaces optimized for barcode scanning on mobile devices, typically integrated into scanner software to facilitate efficient data capture using smartphone cameras. For example, Scandit AG introduced SparkScan in January 2023, a pre-built smartphone scanning interface tailored for high-performance barcode scanning. SparkScan aims to streamline data capture in scan-intensive workflows such as retail inventory management and logistics goods receiving. It seamlessly integrates with any smartphone application without necessitating app redesign, enabling swift implementation with minimal coding requirements. SparkScan offers various scanning modes and settings, empowering users to optimize scanning behavior for different tasks, while its user-friendly interface enhances aiming and triggering without constraints on device orientation, promoting comfort and productivity.
In December 2022, FARO Technologies bolstered its product portfolio and market position in the mobile scanning sector by acquiring SiteScape for an undisclosed sum. SiteScape, a US-based software company specializing in LiDAR 3D-based scanner software solutions for architects and contractors, strengthens FARO's capabilities and expands its offerings in the rapidly evolving scanner software market.
Major companies operating in the scanner software market are Panasonic Corporation, Hewlett Packard Inc, Fujitsu Limited, Canon Inc., Adobe Inc., Xerox Corporation, Brother Industries, Thomson Reuters Corporation, Seiko Epson Corporation, Kodak Alaris, Nuance Communications, Iris Software Inc., Kofax Ltd., Abbyy LLC, Dynamsoft Corp, Contex A/S, Image Access Inc., Microtek International Inc, Visioneer Inc., SimpleIndex, Ambir Technology Inc., Plustek Inc., VueScan, ExactCODE GmbH, ImageWare Systems
North America was the largest region in the scanner software market in 2023. The regions covered in the scanner software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the scanner software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The scanner software market includes revenues earned by entities by providing services such as image enhancement, optical character recognition (OCR), and file format conversion to enhance usability and efficiency. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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 Software 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 software 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.
Where is the largest and fastest growing market for scanner software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The scanner software 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 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.