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Document Scanner Market Trends

Report ID: GMI8557
Published Date: Mar 2024
Report Format: PDF

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Document Scanner Market Trends

Regulatory mandates in various industries, such as healthcare (HIPAA), finance (Sarbanes-Oxley Act), and legal (GDPR), require organizations to maintain accurate records and ensure data security and privacy. Document scanners help businesses comply with these regulations by digitizing documents and implementing robust document management practices, which in turn drives business growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.