Document Analysis Market 2021 Segmentation and Analysis by Recent Trends, Development and Growth by Trending Regions by 2030

Global Document Analysis Market is valued at approximately USD 282.58 million in 2018 and is anticipated to grow with a healthy growth rate of more than 55% over the forecast period 2019-2026. Document Analysis is a type of qualitative research in which documents are interpreted or analyzed by the researchers to provide voice and meaning around an review topic. There are three essential types of sources for document analysis: public records (such as transcripts, yearly reports etc.), personal documents (such as messages, articles, social media posts etc.) and physical evidence (such as flyers, publications, etc.). It defines the act of assessing the existing documentation of comparable business processes or systems so that extract pieces of information that are appropriate to the current project, and consequently can be consider projects requirements. Rising initiatives to digitalize content across enterprises and increasing adoption of cloud-based document analysis solutions are the few factors responsible for high CAGR of the market over the forecast period.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

Moreover, increasing need to improve customer experience aided with integration of advanced technologies with intelligent document processing solution are the major factors likely to create lucrative growth opportunity to the market in the upcoming years. However, addressing governance and compliance requirements and data security concern are the few factor anticipated to restraining the growth of global Document Analysis market during the forecast period.

The regional analysis of global Document Analysis Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing technological development and rising awareness regarding data security in the region. However, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to the increase in need for advanced intelligent solution along with growing healthcare infrastructure across the region.

Major market player included in this report are:
ABB
IBM
Kofax
Parascript
Hyland
WorkFusion
AntWorks
Datamatics
HyperScience
Kodak Alaris

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 Solution:
Product
Services

By Deployment Type:
On-Premises
Cloud

By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises

By End-User
Banking, Financial Services and Insurance
Government
Healthcare and Life Sciences
Retail and E-commerce
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Document Analysis 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

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Million)
1.2.1. Document Analysis Market, by Solution, 2017-2026 (USD Million)
1.2.2. Document Analysis Market, by Deployment Type, 2017-2026 (USD Million)
1.2.3. Document Analysis Market, by Organization Size, 2017-2026 (USD Million)
1.2.4. Document Analysis Market, by End-User, 2017-2026 (USD Million)
1.2.5. Document Analysis Market, by Region, 2017-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Document Analysis 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 Analysis Market Dynamics
3.1. Document Analysis Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Document Analysis Market 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 (2016-2026)
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
Chapter 5. Global Document Analysis Market, by Solution
5.1. Market Snapshot
5.2. Global Document Analysis Market by Solution, Performance – Potential Analysis
5.3. Global Document Analysis Market Estimates & Forecasts by Solution 2016-2026 (USD Million)
5.4. Document Analysis Market, Sub Segment Analysis
5.4.1. Product
5.4.2. Services

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Steven is working as a news editor with America News Hour. He started his career as a freelance news writer in 2012 and has helped people in all aspects of online marketing through the expert industry coverage. In addition to writing content as a freelancer, he is also an expert in business, lifestyle, politics, sports and tech & science news. His articles are now featured on the overwhelming news website and channels such as MarketWatch, Routers etc.

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