Global Document Scanner Market Forecast for 2016-2020

by | Published on Nov 7, 2016 | Document Conversion / Scanning Services

Market ForecastAs per the latest research report from Technavio, the global document scanner market is expected to grow at a CAGR of 13.85% during the period 2016 – 2020. The report highlights the integration of document scanning solutions with business processes as one among the major market driving factors. More and more businesses are now focusing on developing efficient digital business processes that involve multiple operational processes including document scanning, which provides benefits such as safe document storage, more free office space and more time to improve customer service.

Document scanners that convert the content on paper into digital format are a boon for businesses. With these advanced solutions, critical documents can be scanned and stored on a cloud server. Such digital documents can be regularly backed up, providing continuity for your business. Professional document scanning companies use state-of-the-art scanners to capture, manage, store, preserve and deliver important information of their clients and thus organize data in a systematic manner.

As per Technavio’s report, other factors that drive this market growth include:

  • Strong demand for handheld document scanners and
  • Shift toward cloud computing

Portable document scanners available now are easy to use, not only for business purposes, but also for students to exclusively capture text in public or college libraries. They can save the time they spend queuing for a photocopier. These are foldable and have a large scan area. Compact and lightweight, they fit easily into A4 or letter-sized bags, briefcase bags and travel bags.

Other common scanner types are: Flatbed, Sheet-fed, and Drum scanners. Also, mobile cloud computing enables users to access internet-based data and applications through smartphones and tablets. However, cost reduction and demand volatility are challenges that inhibit growth.

According to a lead analyst from Technavio, “The demand for document scanners is high especially in sectors such as the banking, telecom, and government, where a significant portion of the work is related to sharing information and documents. The ease of use of scanners helps organizations receive and transfer documents on and off the network.”

Based on geography, the report segments the market into Americas, APAC and EMEA. Key vendors operating in this market include BancTec, Canon, i2S DigiBook, Epson, Plustek, Panasonic, Portronics Digital, and Scan-Optics.

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