Market by Product, Operation, Vertical, and Country Outlook | Forecast 2022-2028
According to Triton Market
Research’s report, the optical character recognition market in Europe is deemed
to progress at a CAGR of 15.22%
during the forecast period from 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries analyzed in the region comprise:
•
The United Kingdom
•
Germany
•
France
•
Spain
•
Italy
• Poland
•
Rest of Europe
In
Europe, Germany holds the majority of the shares in the optical character
recognition market. The
sustainable development trend has majorly driven the market’s growth in the
region. In this regard, the rising trend of paperless transactions,
digitalization, online identification, etc., has soared the adoption of OCR
solutions. Furthermore, the developing education sector has increased the demand for OCR solutions to support online education. Hence, the rising demand for paperless documentation fuels
the expansion of the optical character recognition market.
The optical character recognition systems for
the German language occupy a significant space in pattern recognition. These
systems have been widely used in various commercial applications. The
pre-processing activities like text region extraction, correction, and other
features are performed on the datasets. Moreover, feature-based classification
is performed through soft computing techniques. In this regard, the superiority
of soft computing is validated via OCR computing. Thus, these factors widen the
scope of the OCR market.
In the UK, the deployment of the 5G network has
enabled users to gain benefits from advanced technologies, including OCR for
document verification and other applications. Moreover, AI and IoT advancements
have opened new avenues for the optical character recognition market across the
country.
Business-to-business applications are primarily
developed to streamline operations, simplify complex concepts, or fulfill
specific industry demands. Here, B2B applications are used by companies to
connect with other organizations, clients, employees, and stakeholders. The market’s growth is evaluated based on operation,
product, and vertical. The operation segment is divided into B2B and B2C.
The
prominent companies in the market include Microsoft Corporation, Adobe Systems
Inc, Anyline GmbH, Captricity Inc (Acquired by SS&C), and Nuance
Communications Inc.
Anyline GmbH is a Vienna-based company that
develops optical character recognition technology. The software is used to scan
and recognize written text using AI for various applications. Its product line
includes document scanning, ID scanning, license plate scanning, meter reading,
and serial number scanning. The company serves various industries, including
government, transportation, automotive, and others.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the optical character recognition market revenue growth in Europe and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the Europe optical
character recognition market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market by Security Testing Typ ..
VIEW REPORT1. EUROPE
OPTICAL CHARACTER RECOGNITION MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE OPTICAL CHARACTER RECOGNITION MARKET
2.2. KEY
INSIGHTS
2.2.1. INCREASING
INVESTMENTS IN OCR START-UP COMPANIES
2.2.2. RISE
IN BENEFITS OF INTEGRATED TECHNOLOGIES
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.7. KEY
MARKET STRATEGIES
2.7.1. MERGERS
2.7.2. PRODUCT
LAUNCHES
2.7.3. PARTNERSHIPS
2.7.4. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. ADVANCED
DOCUMENT PROTECTION AND BETTER CUSTOMER SUPPORT
2.8.2. GROWING
IMPLEMENTATION OF OCR SOLUTIONS IN ADVANCED TECHNOLOGY
2.8.3. RISE
IN OCR ADOPTION ACROSS DIVERSIFIED INDUSTRY VERTICALS
2.9. MARKET
CHALLENGES
2.9.1. LIMITATIONS
IN DELIVERING ACCURATE OUTPUT
2.9.2. LACK
OF ACCURACY IN RECOGNIZING HANDWRITTEN MATERIAL
2.10. MARKET
OPPORTUNITIES
2.10.1. INCREASING
DIGITALIZATION PRACTICES ACROSS THE GLOBE
2.10.2. RISING
NEED FOR ID VERIFICATION SERVICE
3. EUROPE
OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY PRODUCT
3.1. SOFTWARE
3.2. SERVICE
4. EUROPE
OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY OPERATION
4.1. B2B
4.2. B2C
5. EUROPE
OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY VERTICAL
5.1. BFSI
5.2. TRANSPORT
& LOGISTICS
5.3. HEALTHCARE
5.4. GOVERNMENT
5.5. EDUCATION
5.6. IT
& TELECOM
5.7. MANUFACTURING
5.8. RETAIL
5.9. OTHERS
6. EUROPE
OPTICAL CHARACTER RECOGNITION MARKET – COUNTRY OUTLOOK
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. POLAND
6.7. REST
OF EUROPE
7. COMPETITIVE
LANDSCAPE
7.1. GOOGLE
LLC
7.2. IBM
7.3. MICROSOFT
CORPORATION
7.4. ADOBE
SYSTEMS INC
7.5. NUANCE
COMMUNICATIONS INC
7.6. ABBYY
7.7. ANYLINE
GMBH
7.8. CAPTRICITY
INC (ACQUIRED BY SS&C)
7.9. CREACEED
7.10. FOXIT
SOFTWARE INC
7.11. EXPERVISION
INC
7.12. INTSIG
INFORMATION CO LTD
7.13. IRIS
GROUP SA
7.14. LEAD
TECHNOLOGIES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE OPTICAL
CHARACTER RECOGNITION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LIST OF
MERGERS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
PARTNERSHIPS
TABLE 6: LIST OF
BUSINESS EXPANSIONS
TABLE 7: EUROPE OPTICAL
CHARACTER RECOGNITION MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 8: EUROPE OPTICAL
CHARACTER RECOGNITION MARKET, BY OPERATION, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE OPTICAL
CHARACTER RECOGNITION MARKET, BY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY
COMPONENTS
FIGURE 3: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, PRODUCT OUTLOOK, 2021 & 2028 (IN %)
FIGURE 4: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 5: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)
FIGURE 6: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, OPERATION OUTLOOK, 2021 & 2028 (IN %)
FIGURE 7: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY B2B, 2022-2028 (IN $ MILLION)
FIGURE 8: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY B2C, 2022-2028 (IN $ MILLION)
FIGURE 9: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, VERTICAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 10: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY BFSI, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY TRANSPORT & LOGISTICS, 2022-2028
(IN $ MILLION)
FIGURE 12: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 13: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)
FIGURE 14: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY IT & TELECOM, 2022-2028 (IN $
MILLION)
FIGURE 16: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY MANUFACTURING, 2022-2028 (IN $
MILLION)
FIGURE 17: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE 19: EUROPE
OPTICAL CHARACTER RECOGNITION MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 20: UNITED
KINGDOM OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: GERMANY
OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: FRANCE OPTICAL
CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SPAIN OPTICAL
CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: ITALY OPTICAL
CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: POLAND OPTICAL
CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: REST OF
EUROPE OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)