Optical Character Recognition (OCR) Market Report 2022-2027

Optical Character Recognition (OCR) Market Size, Growth, Analysis, Top Companies Share, Outlook, Trends, and Forecast Report 2022-2027

by Jaswanth D

Optical Character Recognition (OCR) Market Overview:

According to the latest report by IMARC Group, titled “Optical Character Recognition (OCR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global optical character recognition (OCR) market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global optical character recognition (OCR) market is expected to exhibit a strong growth during 2022-2027. Optical character recognition (OCR) is an electronic process of converting different documents, such as scanned images, PDF files, and handwritten characters, into a digital format. It is extensively used in airport terminals to check passports and identity cards and ease cross-border banking transactions. OCR technology also facilitates data entry automation and indexing documents for search engines. Presently, several companies from different industry verticals are adopting OCR services for applications, including reading the numbers printed on the inner side of a bottle cap or voucher codes that can be redeemed.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Optical Character Recognition (OCR) Market Trends:

With the rising digitalization, several enterprises worldwide are integrating advanced technologies like OCR to digitize business processes and increase productivity. OCR technology helps save time and effort while creating, processing and repurposing various documents. Moreover, the rising international air traffic is catalyzing the demand for OCR technology to scan the International Bank Account Number (IBAN) and speed up identifying and registering passengers.

Furthermore, several companies are utilizing OCR technology to provide hassle-free online registration and improve customer engagement. Besides this, the rapid integration of artificial intelligence (AI) and robot process automation is anticipated to expand the application of OCR for automatic number plate recognition, assisting blind and visually impaired persons, and scanning paper invoices.

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/optical-character-recognition-market

Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Accusoft Corporation
  • Adlib Software
  • Adobe Inc.
  • Anyline GmbH
  • Creaceed S.P.R.L.
  • CVISION Technologies Inc. (Foxit Software Incorporated)
  • Google LLC (Alphabet Inc.)
  • International Business Machines Corporation
  • LEAD Technologies Inc.
  • Microsoft Corporation
  • NTT Data Corporation (The Nippon Telegraph and Telephone Corporation)

Key Market Segmentation Breakup by:


  • Software
    • Desktop-based OCR
    • Mobile-based OCR
    • Cloud-based OCR
    • Others
  • Services
    • Consulting
    • Outsourcing
    • Implementation and Integration

Mode of Operation:

  • B2B
  • B2C


  • Retail
  • BFSI
  • Government
  • Education
  • Transport and Logistics
  • Healthcare
  • IT and Telecom
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Get in Touch with our Expert Team for Inquire or further information: https://www.imarcgroup.com/request?type=report&id=3655&flag=C

Key highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Also Read: Multi-factor Authentication Market Research Report 2022-2027: https://techycons.com/multi-factor-authentication-market-share-report-2022-2027/

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