Document Imaging

Document Imaging

Global Document Imaging Market to Reach $142.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Document Imaging estimated at US$60 Billion in the year 2020, is projected to reach a revised size of US$142.7 Billion by 2027, growing at aCAGR of 13.2% over the period 2020-2027. Cloud, one of the segments analyzed in the report, is projected to record 13.5% CAGR and reach US$65.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premises segment is readjusted to a revised 12.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $17.7 Billion, While China is Forecast to Grow at 12.7% CAGR

The Document Imaging market in the U.S. is estimated at US$17.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.9 Billion by the year 2027 trailing a CAGR of 12.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 11.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.We bring years of research experience to this 7th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• Aramex International LLC
• Canon, Inc.
• Capital Business Systems Pvt. Ltd.
• Eastman Kodak Company
• Epson America Inc.
• Fujitsu Ltd.
• HP, Inc.
• Newgen Software Technologies Limited
• Qorus Software (Pty) Ltd.
• Xerox Corporation

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