Global Document Scanner Market 2016-2020
About Document Scanner
A document scanner converts content on the paper in digital format that can be stored on PCs or cloud. Document scanners are used in homes and offices due to their versatility, reliability, and ease of use. For businesses going digital, these specific units help save crucial office real estate and capital costs while taking care of employees’ need for peripherals to improve productivity.’
Technavio’s analysts forecast the global document scanner market to grow at a CAGR of 13.85% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global document scanner market for 2016-2020. To calculate the market size, the report considers the total shipments of document scanners across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Document Scanner Market 2016-2020
Technavio recognizes the following companies as the key players in the global document scanner market: BancTec, Canon, i2S DigiBook, Epson, Fujitsu, Kodak, Mustek Systems, Plustek, Panasonic, Portronics Digital, Scan-Optics, Scantron, Specktron, UMAX, Image Access, HP, Visioneer, and Xerox.
Commenting on the report, an analyst from Technavio’s team said: “The global document scanner market is expected to witness more demand from cost-effective customers. The customers are likely to map the cost and price of end-products along with available alternatives before deciding on the purchase. This will be a major trend in the market as low-cost products with features similar to existing ones are being developed in emerging countries such as China. This will enable vendors to develop products according to their respective target segments and multiple usage limits.”
According to the report, growing demand from enterprises will be a key driver for market growth. The document scanner market is witnessing more demand from industry verticals like education, government, healthcare, and manufacturing, which are generally the early adopters of latest technologies. These sectors are steadily moving toward e-documentation of files. To cater to the need of such documentation, vendors are developing solutions (hardware and software) at a high pace and capitalizing on the growing demand. The vendors are present in both emerging and developed nations, as time-to-market pressure remains high.
Further, the report states that lack of fast and easy product maintenance options along with the absence of technically advanced personnel hinders the market growth. Also, the maintenance services and the need for personnel with technical knowledge to operate certain document scanners increases the expense and TCO for end-users. The adoption of document scanners by SMBs and micro business are relatively low in developing economies in APAC, Western Europe, and Africa. There is limited service availability in these economies. This, in turn, increases the overall maintenance cost of document scanners, which is a major challenge to the market. End-users need to assign personnel to ensure the seamless operations for high-end document scanners. Finding such personnel is another challenge in the market.
BancTec, Canon, i2S DigiBook, Epson, Fujitsu, Kodak, Mustek Systems, Plustek, Panasonic, Portronics Digital, Scan-Optics, Scantron, Specktron, UMAX, Image Access, HP, Visioneer, Xerox.
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