Document Imaging Market: Key Players Focus on Product Innovation to Stay Competitive

Document imaging services continue to gain popularity across all areas of business as it provides better security and confidentiality of critical information. Document imaging is an information technology solution which uses advanced and modern equipment such as scanners, software, and camera. Document imaging also helps to control large volumes of documents. The document imaging market is segmented on the bases of three categories: by service, component, and end use.

Document imaging solutions are becoming an integral part of a business entity for big data handling or analytics. The document imaging market is anticipated to witness significant growth during the forecast period owing to the rising demand for big data handing and analytics in many organizations. Big data technology is a new potential revenue generating source of an organization. Therefore, the demand for document imaging is booming in recent times and is anticipated to witness significant growth during the forecast period. Currently, the impact of this factor has been analyzed to be high, and can be expected to remain high during the forecast period.

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However, advanced technology such as IT and manufacturing hubs are facing challenges from short supply of skilled operators. Document imaging solutions are complex to handle and require skilled operators. Advanced scanners come with software that makes scanning and saving documents possible. Operators not only require having knowledge about how to operate the equipment, but also know how to operate associated programs in order to modify and store electronic files.

By Service the global document imagingmarket has been segmented into cloud and on-premises. On-premises service is initially dominating the global document imaging market. However, cloud service is expected a robust growth during the forecast period and is anticipated to be the largest market share holder in document imaging market. Cloud helps to accommodate large scale information and scanning and printing online data. In addition, cloud deployment better structured than centralized systems to process large constant data streaming produced across the value chain.

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By region the global document imagingmarket has been segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America which includes U.S. and Rest of North America (Canada and Mexico) captured the largest market share in 2016 due to growth in production facilities and rising demand of digitalized documentation. Europe which includes countries such as Germany, U.K., France, Italy and Rest of Europe captured the second largest market share in 2016.

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The global market of document imagingreport provides company market share analysis of the various key participants. Key players have also been profiled on the basis of company overview. Global key participants of the document imaging market include Fujitsu Ltd. (Tokyo, Japan), Hewlett-Packard Company (California, U.S.), Canon Inc. (Tokyo, Japan), Kodak Alaris (Hemel Hempstead, U.K.), Xerox Corporation (Connecticut, U.S.), Qorus Software (Pty) Ltd (Cape Town, South Africa), CBSL Group (Delhi, India), Epson America (California, U.S.), Aramex (Dubai, U.A.E) and Newgen Software Technologies Ltd (Delhi, India) among others.

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