Asia Pacific Document Scanner Market To Reach USD 17 Million By 2024

By Goldstein Market Intelligence || 2018-02-03 2:41:33 AM

Asia Pacific Document Scanner Market To Reach USD 17 Million By 2024

According to Goldstein Research, “Inclination towards e-documentation in industry verticals such as education, government, manufacturing and healthcare are strengthening the expansion of document scanner market across the globe. Key vendors are investing in developing solutions for document scanners to meet ongoing demand of consumers. Moreover, growing demand for network scanners and storage of documents on cloud is likely to fuel the growth of document scanners across the globe.”

“Global Document Scanner Market Outlook 2024”

The global document scanner market is segmented on the basis of components, by product type and by end-user. Component type is further bifurcated into hardware and software. Hardware segment of document scanners occupied 62% market share in 2016 and is expected to be the dominant segment during the forecast period. Growing demand for customized and automatic workflow system is propelling the need for advance document scanning software. Software segment is projected to grow at a CAGR of 15.0% over the forecast period.

Document scanner market is growing rapidly in Asia-Pacific region due to rising adoption of portable scanners in the region. Moreover, increasing deployment of document scanners in enterprises are IT sector is encouraging the growth of document scanners market in the region. Asia-Pacific document scanner market valued USD 4.5 million in 2015 and is anticipated to reach USD 17.0 million in 2024, registering a robust CAGR over the forecast period.

Online Document Scanner: Painless Way for Document Scanning

Conventional method of document scanning where PC used to be connected with a scanner and after scanning a document Acrobat was used to convert scanned image to a PDF format. To overcome this time taking process Fujitsu introduced ScanSnap iX500, a compact duplex scanner which scans the document wirelessly. These online scanners directly scan the documents and convert them into preferred format such as word document or PDF format with the help of optical character recognition (OCR) software

“Global Document Scanner Market Outlook 2024” contains detailed overview of the global document scanner market in terms of market segmentation by components, by product type and by end-user.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global document scanner market also provides competitive outlook of some of the major players of global document scanner market which includes profiling of companies such as Fijitsu Ltd., Canon Inc., Seiko Epson Corporation, Hewlett-Packard Company, i2S DIGIBOOK, The Eastman Kodak Company, Panasonic Corporation, BancTec Inc., Newgen Software, Inc., Mustek Systems, Plustek, Protronics Digital, Scan-Optics, Scantron and Xerox. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global document scanner market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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