What Has Been the Growth of the Scanner Software Market So Far?
The scanner software market has seen considerable growth due to a variety of factors.
• The scanner software market has grown rapidly in recent years. It will expand from $5.12 billion in 2024 to $5.72 billion in 2025, with a CAGR of 11.6%.
This growth is driven by advances in scanning hardware, digital transformation, integration with office applications, improved OCR (optical character recognition) capabilities, and the adoption of cloud computing and storage.
What Is the Forecasted Market Size and Growth Rate for The Scanner Software Market Size In The Coming Years?
The scanner software market is expected to maintain its strong growth trajectory in upcoming years.
• The scanner software market is expected to grow rapidly, reaching $8.75 billion by 2029 at a CAGR of 11.2%.
Growth is fueled by digitization initiatives, regulatory compliance, remote work trends, and system integration. Trends include AI-powered document processing, security features, IoT integration, and the rise of mobile scanning applications.
What Factors Are Driving Growth In The Scanner Software Market?
Expected to be fueled by the surge in industrial automation, the scanner software market is projected to witness significant growth. Industrial automation entails the incorporation of control systems like computers or robotics, along with information technologies to manage various processes and machinery in an industry, eliminating the need for human interference. The escalating demand for streamlined processes, together with technological advancements, has led to the wide acceptance of industrial automation, noted for its potential to boost efficiency and productivity. By automating and simplifying document and barcode processing, scanner software aids in enhancing precision and efficacy in data management and operational workflows. The International Federation of Robotics, a Germany-based non-profit organization dedicated to industrial robotics, reported that the number of functioning industrial robots had reached 4,281,585 units in 2023, marking a 10% increase from 2022, as of September 2024. Thus, the booming industrial automation is contributing to the growth of the scanner software market.
What Are The Main Segments Of The Global Scanner Software Market?
The scanner software market covered in this report is segmented –
1) By Type: On-Premise, Cloud-Based
2) By Application: Original Equipment Manufacturer (OEM), Aftermarket
3) By Industry: Retail, Banking, Financial Services And Insurance, Telecommunication And Information Technology, Healthcare, Transportation And Logistics, Energy, Other Industries
Subsegments:
1) By On-Premise: Installation And Setup, Software Maintenance, Security Management
2) By Cloud-Based: Cloud Integration, Subscription Services, Data Storage And Backup
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What Emerging Trends Are Influencing The Growth Of The Scanner Software Market?
Leading businesses in the scanner software market are bolstering their position by focusing on the development of novel solutions such as smartphone scanning interfaces. This innovative user interface is tailored for mobile devices and is optimized for barcode scanning. It is usually included in scanner software to make data capturing more efficient using the camera on a smartphone. For instance, in January 2023, Scandit AG, a cutting-edge technology firm based in Switzerland, introduced SparkScan. This customized smartphone scanning interface is specifically designed for superior barcode scanning performance, with the goal of simplifying data capture processes in scan-intensive workflows like retail inventory controls and goods receiving in logistics. The beauty of SparkScan is its ability to integrate seamlessly with any smartphone app without any necessity for app-redesign. This enables its swift deployment with just a few lines of code. SparkScan offers varied scanning modes and settings, allowing end-users to adjust scanning performance according to the requirements of different tasks. Its user-friendly interface, meant to be both comfortable and productivity-boosting, further enhances aiming and triggering irrespective of device positioning.
Who Are the Key Players In The Scanner Software Market?
Major companies operating in the scanner software market are:
• Panasonic Corporation
• Hewlett Packard Inc.
• Fujitsu Limited
• Canon Inc.
• Adobe Inc.
• Xerox Corporation
• Brother Industries
• Thomson Reuters Corporation
• Seiko Epson Corporation
• Kodak Alaris
• Nuance Communications
• Iris Software Inc.
• Kofax Ltd.
• Abbyy LLC
• Dynamsoft Corp
• Contex A/S
• Image Access Inc.
• Microtek International Inc.
• Visioneer Inc.
• SimpleIndex
• Ambir Technology Inc.
• Plustek Inc.
• VueScan
• ExactCODE GmbH
• ImageWare Systems
What Is The Most Dominant Region In The Scanner Software Market?
North America was the largest region in the scanner software market in 2023. The regions covered in the scanner software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
