Optical character recognition is a technology has literally revolutionized the document management process in various sectors, namely legal, banking, education, healthcare, finance, and government. It has helped to transform offices into a paperless ones by helping to digitize documents and communications that have remained resistant to digitization with speed and accuracy. Those include scanned paper documents and PDF files or images captured by a digital camera.
Further, the advancement of optical character recognition from a special purpose reader to a multi-purpose interactive system has lowered the cost of data capturing and has paved the way for the development of more reliable systems. This will also have a positive impact on the market.

Market Analysis and Insights: Global Optical Character Recognition Market
The global Optical Character Recognition market size is projected to reach US$ 15500 million by 2027, from US$ 8765.4 million in 2020, at a CAGR of 8.4% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Optical Character Recognition market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Optical Character Recognition market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Optical Character Recognition market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Optical Character Recognition market.

Global Optical Character Recognition Scope and Market Size
Optical Character Recognition market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Optical Character Recognition market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Desktop based OCR
Mobile based OCR
Cloud based OCR
Others

Segment by Application
IT & Telecom
Media & Entertainment
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
ABBY Software
Anyline
Adobe Systems
ATAPY Software
CCi Intelligence
Creaceed
Captricity
Exper-OCR
Google
IBM
LEAD Technologies
Microsoft
Nuance Communications