Document Scanning and Imaging Market Analysis and Forecast

by | Last updated Mar 28, 2023 | Published on Jun 30, 2017 | Document Conversion / Scanning Services

Document Scanning and ImagingOptical character recognition (OCR) and document scanning services are key strategies in document management. Document scanning involves converting paper documents into digital files for easy storage in an electronic archive or database, which allows the files to be retrieved and shared easily. OCR allows documents to be converted and saved as editable text. Document scanning and imaging involves the use of equipment such as scanners or advance cameras to take pictures of information enclosed in documents like microfilm or paper. These solutions help make your data available electronically through a centralized system.

Experts say that to be successful, document imaging should be part of a larger infrastructure strategy or enterprise content management (ECM). So as ECM market revenue grows, the demand for document imaging will also grow.

A recent Transparency Market Research report analyzed the trends in the growth of the global document imaging market over the period 2017 to 2025. According to the report, small and medium size enterprises (SMBs) are implementing document imaging solutions to improve productivity, and the key factors fuelling the growth of the market are:

  • Need to improve operational efficiency
  • Improves information management and lower the overhead costs
  • Scanned documents can be accessed quickly
  • Eliminates the need for costly physical storage space
  • Minimizes data security concerns

Market Analysis and ForecastThe falling prices of software, user-friendly nature of document imaging systems, and the need to keep pace with the speed of electronic transactions are encouraging SMBs to adopt digitization strategies. Banks, insurance companies, and government agencies are implementing bulk document scanning to go paperless.

The report also throws light on certain trends in the document imaging market, the most prominent being the increasing adoption of cloud-based document-imaging solutions. With the business professionals continuously on the go, the demand for mobile imaging capabilities is also growing. Mobile-based document imaging allows important documents to be accessed on mobile devices from anywhere in the world, improving the collaboration needed to effectively manage projects. The report also notes that dynamic nature of the market for document scanning and imaging is expected to improve the scope and application of document imaging software.

Some of the key players in document imaging software and solutions are: Eastman Kodak Company, Hewlett Packard Company, Canon, Inc., Samsung Electronic As Co., and Fujitsu Technology Solutions among others.

Today, most organizations opt for outsourced solutions when it comes to high volume document scanning and imaging. Experienced document scanning companies have the resources to provide effective solutions at affordable rates. Outsourcing is a practical solution when it comes to going paperless as in-house digitization can be time-consuming and expensive.

Recent Posts

A Guide to GIS Data Conversion Strategies

A Guide to GIS Data Conversion Strategies

Geographic Information Systems (GIS) are used today to create maps. There are two primary types of spatial data, raster and vector. Raster data is spatial data made up of pixels arranged in rows and columns. Every pixel depicts a specific geographic location, and...

5 Common eBook Conversion Challenges and Tips to Navigate Them

5 Common eBook Conversion Challenges and Tips to Navigate Them

Converting printed books into eBook formats has now become easy with advancements in digital technology. Most modern publications created on word processors are easier to convert. OCR technology can ensure high accuracy if the source is of high quality. However, the...

Best Practices for CAD Conversion: Ensuring Accuracy and Quality

Best Practices for CAD Conversion: Ensuring Accuracy and Quality

Computer-Aided Design (CAD) conversion plays a pivotal role in enhancing collaboration, data interoperability, and workflow efficiency in the architecture, engineering, and manufacturing domains. CAD files contain digital representations of objects or structures....

Share This