Document Capture Software Market is Driven by Increasing Adoption of Cloud-Based Solutions and Government Regulations | Artsyl Technologies, Canon, EDAC Systems

Document capture software is used to convert physical documents into digital format. This type of software is used by businesses to store documents electronically, making them easier to access and share. Document capture software typically includes features for scanning, OCR, and document management.

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Key Trends

There are several key trends in document capture software technology. One is the move towards more cloud-based solutions. This means that instead of having a local server that stores all of your documents, you can now store them in the cloud. This has several advantages, including being able to access your documents from anywhere and being able to share them with others easily.

Another trend is the move towards more user-friendly interfaces. This is especially important for businesses that want to capture documents from multiple sources. The goal is to make it as easy as possible for users to get the information they need into the system so that they can be more productive.

Finally, there is a trend towards more integration with other business systems. This means that document capture software can be used to capture data from other systems, such as customer relationship management (CRM) systems. This can help businesses get a more complete picture of their customers and make better decisions about how to serve them.

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Key Drivers

There are several key drivers of document capture software market.

Firstly, the increasing need for organizations to streamline their business processes and reduce operational costs is a major driver.

Secondly, the rising trend of digitization and paperless office is also boosting the demand for document capture software.

Thirdly, the need to comply with government regulations and industry standards is another key driver.

Fourthly, the increasing adoption of cloud-based solutions is also contributing to the growth of the document capture software market.

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Market Segments

The Document Capture Software Market is segmented by solution, deployment, verticals, and region. On the basis of solution, the market is segmented as multiple channel capture, cognitive capture, and mobile capture. On the basis of deployment, the market is segmented as cloud, on premise, and hybrid. On the basis of verticals, the market is segmented as retail, BFSI, telecom and IT, healthcare, transportation and logistics, energy, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

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Key Players

The Document Capture Software Market includes players such as ABBYY Software, Artsyl Technologies, Inc, Canon, Inc., CAPSYS Technologies, Inc., EDAC Systems, Inc., Ephesoft Inc., Hyland Software Inc., KnowledgeLake Inc., Oracle Corp. and Xerox Corporation.

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