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With several key players competing for market share. Companies such as Fujitsu Limited, Canon Inc., Seiko Epson Corporation, HP Inc. (Hewlett-Packard Company), and Brother Industries Ltd. were among the prominent players in this market. They are expected to hold market share around 45 – 50% in 2023 in the global market. There are large number of players operating in the market. However, consumer is more inclined towards the branded and high quality products across the world.
Some of the key players profiled in the document scanner industry include:
The flatbed scanners segment accounted for revenues of around USD 1.2 billion in 2023 and is expected to reach USD 1.8 billion by 2032, as they feature optical character recognition (OCR) software and image editing tools that allow users to convert scanned documents into editable text files and enhance scanned images.
The market valuation of the document scanner was reached USD 3.3 billion in 2023 and is anticipated to record a 4.7% CAGR from 2024 to 2032, driven by wider consumer awareness, technological advancements, and increasing paperless initiatives.
Asia Pacific region held approximately 35% share of the document scanner market in 2023 and is predicted to grow at 5% CAGR through 2032, propelled by the region's expanding economy, particularly in China, India, Japan, and South Korea, with government measures supporting digital transformation.
Ambir Technology, Inc., Avision Inc., Brother Industries, Ltd., Canon Inc., Contex Holding A/S, Fujitsu Limited, HP Inc. (Hewlett-Packard Company), IRIS (Canon Group), Kodak Alaris Inc., Panasonic Corporation, Plustek Inc., Ricoh Company, Ltd., Seiko Epson Corporation, and Visioneer, Inc.