Optical Character-Recognition Software Developers - IBISWorld Industry Market Research

Optical Character-Recognition Software Developers

Optical Character-Recognition Software Developers - IBISWorld Industry Market Research
Optical Character-Recognition Software Developers
Published Aug 22, 2014
33 pages — Published Aug 22, 2014
Price US$ 910.00  |  Buy this Report Now

About This Report


During the five years to 2014, the Optical Character-Recognition Software Developers industry benefited from growing corporate profit and low interest rates, encouraging businesses to invest in cost-saving software such as optical character recognition (OCR). Additionally, over the past five years, industry operators have benefited from the rise of digital workflows and paperless communication. In the five years to 2019, industry revenue is forecast to grow, partly due to the movement of medical records online. However, the industry will likely experience increasing competition from open source software developers, which produce and distribute OCR software at no charge to the end user, posing a threat to the industry.

This industry develops and distributes optical character recognition software, which electronically translates scanned images of handwritten, typewritten or printed text into machine-encoded text. This software is used to convert books and documents into electronic files, to computerize record-keeping systems in offices and to publish text onto websites.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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US Special Collection
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

IBISWorld Industry Market Research. "Optical Character-Recognition Software Developers" Aug 22, 2014. Alacra Store. Oct 26, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Optical-Character-Recognition-Software-Developers-2042-5197>
IBISWorld Industry Market Research. (2014). Optical Character-Recognition Software Developers Aug 22, 2014. New York, NY: Alacra Store. Retrieved Oct 26, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Optical-Character-Recognition-Software-Developers-2042-5197>
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