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Document Analytics Market Report 2023 - Growth Statistics, Insights, Size And Forecast To 2032 | ABBYY, Celaton, Extract, HCL, HyperScience
Document Analytics Market
Document Analytics Market Size, Growth Rate, And Forecast
The global document analytics market size grew from $1.63 billion in 2022 to $2.44 billion in 2023 at a compound annual growth rate (CAGR) of 49.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The document analytics market size is expected to grow to $12.22 billion in 2027 at a CAGR of 49.6%.
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Document Analytics Market Drivers
Rising initiatives to digitize content is the significant factor driving the growth of the document analytics market. Various governments are taking steps to digitalize the contents to enhance the security and easy access of the documents, this will increase the usage of document analytics.
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Document Analytics Market Segments
1. By Product Type: Solutions, Services, Professional Services, Managed Services.
2. By Industry Vertical: BFSI, Government, Healthcare and Life Sciences, Retail and eCommerce, Manufacturing, Transportation and Logistics, Other Industry Verticals.
3. By Deployment Type: Cloud, On-Premise.
4. By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs) .
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the Document Analytics market.
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Document Analytics Market Key Players
Major competitors in the document analytics market include ABBYY, Celaton, Extract, HCL, HyperScience, IBM, Kofax, WorkFusion.
The Business Research Company's "Global Document Analytics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Document Analytics Market Include:
1. Executive Summary
2. Document Analytics Market Characteristics
3. Document Analytics Market Trends And Strategies
4. Document Analytics Market - Macro Economic Scenario
5. Document Analytics Market Size And Growth
……
26. Africa Document Analytics Market
27. Document Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Document Analytics Market
29. Document Analytics Market Future Outlook and Potential Analysis
30. Appendix
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