November 26, 2020

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Global Document Scanner Market Demand with COVID-19 Recovery Analysis 2020|Data Security Enhancement Obtained by Document Scanners to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--#DocumentScannerMarket--The global document scanner market size is poised to grow by USD 1.28 billion during 2020-2024, progressing at a CAGR of about 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19. Security is one of the major challenges observed in paper-based systems as they can be easily damaged, replicated, lost, or stolen. Placing and storing these confidential paper documents in cabinets leaves them vulnerable to tampering. The is leading to an increase in the demand for data security enhancement. It can be enhanced by scanning the papers to not only encrypt and track the documents but also maintain a backup. Sharepoint, account package, HR system, and customer relationship management (CRM) allow secured sharing of these scanned papers among authorized users. Thus, the data security enhancement obtained by document scanners will boost the growth of global document scanner market during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Report Highlights The major document scanner market growth came from the government segment in 2019, and it is expected to witness the fastest growth during the next five years. APAC was the largest document scanner market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the rising adoption of high-level automation across industries and the increasing awareness to improve the operational efficiency for driving business process productivity. The global document scanner market is fragmented. Avision Inc., Brother Industries Ltd., Canon Inc., Fujitsu Ltd., HP Inc., Image Access GmbH, Microtek International Inc., Mustek Systems Inc., Panasonic Corp., and Seiko Epson Corp. are some of the major market participants. To help clients improve their market position, this document scanner market forecast report provides a detailed analysis of the market leaders. As the business impact of COVID-19 spreads, the global document scanner market 2020-2024 is expected to have Neutral & At Par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. Read the full report here: www.technavio.com/report/document-scanner-market-industry-analysis? Growing Need for Data Recovery will be a Key Market Trend Document scanners are gaining prominence in various end-user industries as they enable data recovery during disasters such as floods and fires or manmade disasters. Organizations are adopting e-vaulting solutions as they can electronically protect these scanned documents or copies. The scanned documents can also be backed up in clouds or hard drives. Thus, the benefits of maintaining scanned copies is leading to the adoption of document scanners, which is expected to showcase a positive outlook for the market during the forecast period. Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Document Scanner Market 2020-2024 : Key Highlights CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist document scanner market growth during the next five years Estimation of the document scanner market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the document scanner market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of document scanner market vendors Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Overview Market Landscape Market ecosystem Value chain analysis Market Sizing Market definition Market segment analysis Market size 2019 Market outlook: Forecast for 2019 - 2024 Five Forces Analysis Five Forces Summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by Application Market segments Comparison by Application placement Government - Market size and forecast 2019-2024 BFSI - Market size and forecast 2019-2024 IT - Market size and forecast 2019-2024 Healthcare - Market size and forecast 2019-2024 Others - Market size and forecast 2019-2024 Market opportunity by Application Customer landscape Overview Geographic Landscape Geographic segmentation Geographic comparison APAC - Market size and forecast 2019-2024 North America - Market size and forecast 2019-2024 Europe - Market size and forecast 2019-2024 South America - Market size and forecast 2019-2024 MEA - Market size and forecast 2019-2024 Key leading countries Market opportunity by geography Drivers, Challenges, and Trends Market drivers Volume driver - Demand led growth Volume driver - Supply led growth Volume driver - External factors Volume driver - Demand shift in adjacent markets Price driver - Inflation Price driver - Shift from lower to higher-priced units Market challenges Market trends Vendor Landscape Overview Vendor landscape Landscape disruption Vendor Analysis Vendors covered Market positioning of vendors Avision Inc. Brother Industries Ltd. Canon Inc. Fujitsu Ltd. HP Inc. Image Access GmbH Microtek International Inc. Mustek Systems Inc. Panasonic Corp. Seiko Epson Corp. Appendix Scope of the report Currency conversion rates for US$ Research methodology List of abbreviations About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected]: www.technavio.com/

LONDON–(BUSINESS WIRE)–#DocumentScannerMarket–The global document scanner market size is poised to grow by USD 1.28 billion during 2020-2024, progressing at a CAGR of about 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19.


Security is one of the major challenges observed in paper-based systems as they can be easily damaged, replicated, lost, or stolen. Placing and storing these confidential paper documents in cabinets leaves them vulnerable to tampering. The is leading to an increase in the demand for data security enhancement. It can be enhanced by scanning the papers to not only encrypt and track the documents but also maintain a backup. Sharepoint, account package, HR system, and customer relationship management (CRM) allow secured sharing of these scanned papers among authorized users. Thus, the data security enhancement obtained by document scanners will boost the growth of global document scanner market during the forecast period.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio's SUBSCRIPTION platform

Report Highlights

  • The major document scanner market growth came from the government segment in 2019, and it is expected to witness the fastest growth during the next five years.
  • APAC was the largest document scanner market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the rising adoption of high-level automation across industries and the increasing awareness to improve the operational efficiency for driving business process productivity.
  • The global document scanner market is fragmented. Avision Inc., Brother Industries Ltd., Canon Inc., Fujitsu Ltd., HP Inc., Image Access GmbH, Microtek International Inc., Mustek Systems Inc., Panasonic Corp., and Seiko Epson Corp. are some of the major market participants. To help clients improve their market position, this document scanner market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global document scanner market 2020-2024 is expected to have Neutral & At Par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: www.technavio.com/report/document-scanner-market-industry-analysis?

Growing Need for Data Recovery will be a Key Market Trend

Document scanners are gaining prominence in various end-user industries as they enable data recovery during disasters such as floods and fires or manmade disasters. Organizations are adopting e-vaulting solutions as they can electronically protect these scanned documents or copies. The scanned documents can also be backed up in clouds or hard drives. Thus, the benefits of maintaining scanned copies is leading to the adoption of document scanners, which is expected to showcase a positive outlook for the market during the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Document Scanner Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist document scanner market growth during the next five years
  • Estimation of the document scanner market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the document scanner market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of document scanner market vendors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application placement
  • Government – Market size and forecast 2019-2024
  • BFSI – Market size and forecast 2019-2024
  • IT – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape

Landscape disruption

  • Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • Avision Inc.
  • Brother Industries Ltd.
  • Canon Inc.
  • Fujitsu Ltd.
  • HP Inc.
  • Image Access GmbH
  • Microtek International Inc.
  • Mustek Systems Inc.
  • Panasonic Corp.
  • Seiko Epson Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]
Website: www.technavio.com/

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