Text Capture and Optical Character Recognition Market

Optical character recognition (OCR) technology is a business solution for automating data extraction from printed or written text from a scanned document or image file and then converting the text into a machine-readable form to be used for data processing like editing or searching.
Text Capture and Optical Character Recognition Market contains market size and forecasts of Text Capture and Optical Character Recognition in Global, including the following market information:

• Global Text Capture and Optical Character Recognition Market Revenue, 2017-2022, 2023-2028, ($ millions)
• Global top five companies in 2021 (%)

The global Text Capture and Optical Character Recognition market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

• The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
• On-premise Segment to Reach $ Million by 2028, with a % CAGR in next six years.
• The global key manufacturers of Text Capture and Optical Character Recognition include ABBYY, Anyline, Microsoft, IBM, Adobe, Captricity, CC Intelligence Corporation, Exper-OCR and Creaceed, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
• We surveyed the Text Capture and Optical Character Recognition companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Text Capture and Optical Character Recognition Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Text Capture and Optical Character Recognition Market Segment Percentages, by Type, 2021 (%)

• On-premise
• Cloud-based

Global Text Capture and Optical Character Recognition Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Text Capture and Optical Character Recognition Market Segment Percentages, by Application, 2021 (%)

• IT and Telecom
• Media and Entertainment
• Transport and Logistics
• Retail and Manufacturing
• Healthcare
• Government and Education
• Other

Global Text Capture and Optical Character Recognition Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Text Capture and Optical Character Recognition Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:

• Key companies Text Capture and Optical Character Recognition revenues in global market, 2017-2022 (estimated), ($ millions)
• Key companies Text Capture and Optical Character Recognition revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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• ABBYY
• Anyline
• Microsoft
• IBM
• Adobe
• Captricity
• CC Intelligence Corporation
• Exper-OCR
• Creaceed
• LEAD Technologies
• Nuance Communications
• Paradatec
• Prime Recognition Corporation
• CCi Intelligence
• Beijing Wintone Science & Technology