Global Optical Character Recognition Market Growth Attributed to Rising Adoption Across Diverse Verticals

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Global Optical Character Recognition Market
Growth Attributed to Rising Adoption Across
Diverse Verticals According to a new market
research report launched by Inkwood Research, the
Global Optical Character Recognition Market is
anticipated to grow with a CAGR of 15.74 during
the forecast period of 2022 to 2030, generating a
revenue of 34789.18 by 2030. Browse 51 market
data Tables and 45 figures spread over 188 Pages,
along with an in-depth analysis of the Global
Optical Character Recognition Market by
Component, End-User, Industry by Geography This
insightful market research report by Inkwood
Research focuses on market trends, leading
players, supply chain trends, technological
innovations, key developments, and future
strategies. The report covers all the aspects of
this comprehensive market by assessing major
geographies and is a valuable asset for the
existing players, new entrants, and future
investors. The study presents a detailed market
analysis, with inputs derived from industry
professionals across the value chain.
Global Optical Character Recognition Market
Scenario The global optical character recognition
market growth is primarily accredited to the rise
in implementation of OCR across diversified
verticals, improved customer support as well as
higher document protection, and the increasing
adoption of OCR solution developers in advanced
technology.
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• Optical character recognition technology helps
  convert the text in images as well as videos into
  an editable format. OCRs applications are spread
  across several industries. For instance, in the
  logistics and transportation sector, OCR helps
  with scanning and tracking numbers and postal
  codes instead of noting them down physically. As
  a result, this factor accelerates the overall
  processing, tracking, and shipping of packages,
  thereby reducing expenses. On the other hand,
  within the banking industry, OCR-based
  applications are utilized to scan various types
  of receipts, documents, and checks, subsequently
  converting all the information and data into an
  editable format. Hence, the application of OCR
  across various verticals helps fuel the global
  optical character recognition market growth over
  the projected years.
• The Global Optical Character Recognition Market
  report provides data tables and includes charts
  and graphs for visual analysis.
• Request Free Sample Report for Global Optical
  Character Recognition Market by End-User,
  Industry, Component by Geography
  https//www.inkwoodresearch.com/reports/Optical-
  character-recognition-market/request-free-sample
• Market Segmentation Market by Component
• Software
• Service
• Market by Industry
• BFSI
• Transport Logistic
• IT Telecom
• Manufacturing
• Retail
• Healthcare
• Government
• Education
• Others
• Market by End-User

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• In-depth company profiles of key players and
  upcoming prominent players
• Growth prospects among the emerging nations
  through 2030
• Companies Profiled
• NUANCE COMMUNICATIONS INC
• ADOBE SYSTEMS INC
• ABBYY
• MICROSOFT CORP
• GOOGLE LLC
• FOXIT SOFTWARE INC
• EXPERVISION INC
• IRIS GROUP SA
• LEAD TECHNOLOGIES
• INTSIG INFORMATION CO LTD
• IBM
• CREACEED
• CAPTRICITY INC (ACQUIRED BY SSC)
• ANYLINE GMBH

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