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Global Document Imaging Market to reach USD XX billion by 2028

Global Document Imaging Market Size study, by Service (Cloud, On-Premises), by Component (Software, Hardware) and Regional Forecasts 2020-2028

Product Code: ICTICTS-92210764
Publish Date: 30-04-2022
Page: 200

Global Document Imaging Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2028. Document Imaging is the management of documents throughout their life cycle from creation to death. It includes the capture of documents as digital images, typically by means of document scanners, and the storage, indexing, retrieval, processing, transmission, and printing of these documents. The increase in the adoption of compliance initiatives and rising penetration of smartphones has led to the adoption of Document Imaging across the forecast period. For Instance: According to IDC, online channels grew 12% YoY and contributed 48% to the total sales in 2020. However, during the festive season (Diwali), footfalls in physical stores picked up and offline channels clocked a 5% YoY growth in the fourth quarter of 2020. Also, with the requirement to reduce operating cost, the adoption & demand for Document Imaging is likely to increase the market growth during the forecast period. However, government regulations impede the growth of the market over the forecast period of 2020-2028.

The key regions considered for the global Document Imaging market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of IT infrastructure, large and Small & medium scale enterprises in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2020-2028. Factors such as rapid adoptions of digitalization in document management infrastructure in various industrial sectors would create lucrative growth prospects for the Document Imaging market across Asia-Pacific region.

Major market players included in this report are:
Newgen Software Technologies Ltd
Fujitsu Ltd. (Tokyo, Japan)
Hewlett-Packard Company (California, U.S.)
Canon Inc. (Tokyo, Japan)
Kodak Alaris (Hemel Hempstead, U.K.)
Xerox Corporation (Connecticut, U.S.)
Qorus Software (Pty) Ltd (Cape Town, South Africa)
CBSL Group (Delhi, India)
Epson America (California, U.S.)
Aramex (Dubai, U.A.E)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service:
Cloud
On-Premises
By Component:
Software
Hardware
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Document Imaging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Document Imaging Market, by Region, 2020-2028 (USD Billion)
1.2.2. Document Imaging Market, by Service, 2020-2028 (USD Billion)
1.2.3. Document Imaging Market, by Component, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Document Imaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Document Imaging Market Dynamics
3.1. Document Imaging Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increase in the adoption of compliance initiatives
3.1.1.2. Rising penetration of smartphones
3.1.2. Market Challenges
3.1.2.1. Government regulations
3.1.3. Market Opportunities
3.1.3.1. Requirement to reduce operating cost
Chapter 4. Global Document Imaging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Document Imaging Market, by Service
6.1. Market Snapshot
6.2. Global Document Imaging Market by Service, Performance – Potential Analysis
6.3. Global Document Imaging Market Estimates & Forecasts by Service, 2019-2028 (USD Billion)
6.4. Document Imaging Market, Sub Segment Analysis
6.4.1. Cloud
6.4.2. On-Premises
Chapter 7. Global Document Imaging Market, by Component
7.1. Market Snapshot
7.2. Global Document Imaging Market by Component, Performance – Potential Analysis
7.3. Global Document Imaging Market Estimates & Forecasts by Component, 2019-2028 (USD Billion)
7.4. Document Imaging Market, Sub Segment Analysis
7.4.1. Software
7.4.2. Hardware
Chapter 8. Global Document Imaging Market, Regional Analysis
8.1. Document Imaging Market, Regional Market Snapshot
8.2. North America Document Imaging Market
8.2.1. U.S. Document Imaging Market
8.2.1.1. Service breakdown estimates & forecasts, 2019-2028
8.2.1.2. Component breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Document Imaging Market
8.3. Europe Document Imaging Market Snapshot
8.3.1. U.K. Document Imaging Market
8.3.2. Germany Document Imaging Market
8.3.3. France Document Imaging Market
8.3.4. Spain Document Imaging Market
8.3.5. Italy Document Imaging Market
8.3.6. Rest of Europe Document Imaging Market
8.4. Asia-Pacific Document Imaging Market Snapshot
8.4.1. China Document Imaging Market
8.4.2. India Document Imaging Market
8.4.3. Japan Document Imaging Market
8.4.4. Australia Document Imaging Market
8.4.5. South Korea Document Imaging Market
8.4.6. Rest of Asia Pacific Document Imaging Market
8.5. Latin America Document Imaging Market Snapshot
8.5.1. Brazil Document Imaging Market
8.5.2. Mexico Document Imaging Market
8.6. Rest of The World Document Imaging Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Newgen Software Technologies Ltd
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Fujitsu Ltd. (Tokyo, Japan)
9.2.3. Hewlett-Packard Company (California, U.S.)
9.2.4. Canon Inc. (Tokyo, Japan)
9.2.5. Kodak Alaris (Hemel Hempstead, U.K.)
9.2.6. Xerox Corporation (Connecticut, U.S.)
9.2.7. Qorus Software (Pty) Ltd (Cape Town, South Africa)
9.2.8. CBSL Group (Delhi, India)
9.2.9. Epson America (California, U.S.)
9.2.10. Aramex (Dubai, U.A.E)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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