Intelligent Enterprise Data Capture Software Market

Intelligent Enterprise Data Capture Software Market: 'Cloud-first' Transformation Underpinning Demand from SMEs: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019 - 2029

  • 2019-06-24
  • REP-GB-9098
  • 52 Tables
  • 173 Figures
  • 377 pages
  • Format: PDF/PPT/Excel
  • SELECT LICENSE :

  • US$5,000
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Intelligent Enterprise Data Capture Software – Installations Driven by Growing Business Model Innovation

The era of intelligent enterprises has seen adoption of novel technological capabilities to innovate business models, which has favored advances in data capture software to be more automated and connected. Leverage of automated data capture solutions by data-driven organizations to outrun their competitors, continues to pave lucrative avenues for the intelligent enterprise data capture software developers.

intelligent enterprise data capture software market snapshot

Intelligent Enterprise Data Capture Software Market - Key Research Findings:

  1. Global intelligent enterprise data capture software market size in 2018 – ~US$ 6 Bn

  1. The intelligent enterprise data capture software market is expected to grow at a CAGR of ~12% during the forecast period of 2019 to 2029. 

  1. Intelligent enterprise data capture software helps users streamline the data capture, recognition, and classification of business documents, and extract meaningful information from captured data. In addition, intelligent enterprise data capture software supports multi-channel data capturing by processing paper documents on multi-functional electronic devices such as mobile phones, scanners, and others. 

  1. Nowadays, small and medium enterprises are moving towards data support and data management systems. Thus, due to increasing cloud-based deployments, the market for intelligent enterprise data capture software in small and medium businesses is expected to grow substantially during the forecast period. 

  1. The intelligent enterprise data capture software markets in North America and Europe are estimated to remain the largest markets throughout the forecast period 

  • The need for an error-free and cost-effective solution for data capture is driving the intelligent enterprise data capture software markets in North America and Europe. 

  1. The intelligent enterprise data capture software market in South Asia is estimated to register a prominent CAGR during the forecast period 

  • The significant growth of connected devices in this region is generating large amount of data on daily basis, which acts as a primary factor boosting the adoption of intelligent enterprise data capture software in the South Asia market. 

  1. As compared to intelligent enterprise data capture services, intelligent enterprise data capture software solutions are estimated to continue to hold a significant share of the global intelligent enterprise data capture software market throughout the forecast period 

  • At present, intelligent enterprise data capture software is a solution that facilitates single and multiple entry points so that it can capture the documents procured by fax, e-mail, scanners, and other multi-functional devices.

intelligent enterprise data capture software market analysis

Top Factors Shaping the Intelligent Enterprise Data Capture Software Market:

  1. Error reduction and improved accuracy

The usage of paper while capturing, storing, and archiving data increases the chances of error. Moreover, manual data punching is likely to result in human errors or the file containing the data is likely get lost or deleted. With an enterprise-grade automated process, such as intelligent enterprise data capture software, a business can reduce the number of errors during the data capture stage. Thus, intelligent enterprise data capture software helps businesses cut expenditure and enhance customer service since the delivery of efficient customer service is made easier when the data is accurate. It lowers the time wasted on fixing errors and improves the productivity of an enterprise. Such factors motivate enterprises to adopt intelligent enterprise data capture software, which is expected to drive the growth of the global intelligent enterprise data capture software market during the forecast period.

  1. Lack of standards and common practices within and across companies

A majority of companies still have vast untapped opportunities when it comes to the intelligent enterprise data capture software market. This can be mainly attributed to the lack of reliable data, standards, and common practices within & across companies, which has led to missed opportunities. Only large enterprises are practicing intelligent enterprise data capture software. The lack of standards and initiatives by industrial companies is likely to hamper the growth of the intelligent enterprise data capture software market.

Intelligent Enterprise Data Capture Software Market Structure Analysis

Some of the top participants in the global intelligent enterprise data capture software market include

  • IBM Corporation

  • Oracle Corporation

  • Microsoft Corporation

  • Newgen Software Technologies Limited

  • SAP SE

  • Open Text Corporation

  • Hyland Software, Inc.

  • BOX

  • M-Files Inc.

  • and Micro Focus

When compared to service providers, vendors offering intelligent enterprise data capture software have been observed to garner a higher share of the market. Moreover, active players providing intelligent enterprise data capture solutions other than software and services, are likely to hold a considerable revenue share in the global intelligent enterprise data capture software market.

The ongoing trend of acquisitions and mergers among stand-alone intelligent enterprise data capture software vendors and well-established intelligent enterprise data capture software and service providers is estimated to promote growth and revenue generation in the global intelligent enterprise data capture software market. 

Market Set to Grow 3X between 2019 and 2029

Improved accuracy and error reduction in data capture are key attributes of intelligent enterprise data capture software that serve as productivity enhancers for organizations. As major industry verticals focus on going digital, cloud deployments are expected to witness a surge, creating demand for intelligent enterprise data capture software.

Opportunities Abound in Developing Markets

North America and Europe remain leading markets for intelligent enterprise data capture software, as organizations in these regions were first to embrace the digital revolution. However, opportunities are strong in developing markets - South Asia, East Asia, and MEA - for the market stakeholders, as industry verticals in these markets make high investment in data management solutions and new business models.

The Broader Perspective

Modern enterprises are leveraging advanced analytics, AI, and machine learning, to enhance customer experience, distribution, and enterprise resource. As demand for cloud storage increases, data capture solutions are going mobile, and stakeholders are investing more in R&D to come up with advanced offerings.

Software remains top-selling category, accounting for ~60% sales

Gains from services to grow in competency with software

BFSI and manufacturing collectively account for ~30% demand

Revenues from retail and media to increase at a faster rate

How Growth will Unfold

On-premise deployments of intelligent enterprise data capture software are expected to lead the way, with 3/5th market shares. Revenues from SaaS & PaaS deployment will increase relative faster through 2029. Adoption of hybrid deployment is expected to remain relatively lower.

On-Premise | SaaS & PaaS | Hybrid

 Intelligent Enterprise Data Capture Software Market  Intelligent Enterprise Data Capture Software Market  Intelligent Enterprise Data Capture Software Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Intelligent Enterprise Data Capture Software Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by FMI “Intelligent Enterprise Data Capture Software Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the intelligent enterprise data capture software market, the growth prospects of the market are obtained with maximum precision.

Intelligent Enterprise Data Capture Software Market Taxonomy

The global intelligent enterprise data capture software market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

  • Software
    • Handwriting Recognition
    • Optical Character Recognition
    • Intelligent Document Recognition
  • Services
    • Consulting
    • Training
    • Implementation & Support

By Deployment

  • On-premise
  • SaaS & PaaS
  • Hybrid

By Line of Business

  • Finance
  • Sales
  • Human Resource
  • Marketing
  • Legal

By Industries

  • BFSI
  • Healthcare
  • Media & Entertainment
  • Education
  • Professional Services
  • Construction
  • Retail
  • Government
  • Manufacturing
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

What's Included

The report commences with the executive summary of the intelligent enterprise data capture software market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the intelligent enterprise data capture software market.

Readers can find the detailed taxonomy and the definition of the intelligent enterprise data capture software market in this chapter, which will help them understand the basic information about the intelligent enterprise data capture software market. This section also highlights the key inclusions and exclusions, which helps the reader understand the scope of the intelligent enterprise data capture software market report.

The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations, key competition mapping, and veterinary health market outlook, which is likely to have a significant impact on intelligent enterprise data capture software market.

This section includes the key inclusions of the report. It includes the product adoption & usage analysis, product timeline, regulatory assessment, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures’ strategies for market expansion.

This section explains the global market value analysis and forecast for the intelligent enterprise data capture software market between the forecast period of 2014-2029. This chapter includes the detailed analysis of the historical intelligent enterprise data capture software market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).

This chapter explains the key macro-economic factors that are expected to influence the growth of the intelligent enterprise data capture software market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the intelligent enterprise data capture software market. This chapter also highlights the key dynamics of the intelligent enterprise data capture software market, which include the drivers, restraints, and trends. Moreover, it will enable readers to understand the key trends followed by the leading manufacturers in the intelligent enterprise data capture software market.

Based on the product type, the intelligent enterprise data capture software market is segmented into software and services. Software has been further segmented into handwriting recognition, optical character recognition and intelligent document recognition. Services has been further segmented into consulting, training and implementation & support. In this chapter, readers can find information about the key trends and developments in the intelligent enterprise data capture software market and market attractiveness analysis based on the product type segment.

A detailed analysis about the applications of intelligent enterprise data capture software in the intelligent enterprise data capture software market has been explained in this chapter. The component of intelligent enterprise data capture software have been classified into on-premise, SaaS & PaaS, and hybrid. In this chapter, readers can find information about the market attractive analysis based on deployment.

This chapter provides details about the intelligent enterprise data capture software market on the basis of line of business, based on which the market has been classified into finance, sales, human resource, legal and marketing. In this chapter, readers can understand the market attractiveness analysis based on line of business.

This chapter provides details about the intelligent enterprise data capture software market on the basis of industries, based on which the market has been classified into BFSI, healthcare, media and entertainment, education, professional services, construction, retail, government, manufacturing and others. In this chapter, readers can understand the market attractiveness analysis based on industries.

This chapter explains how the intelligent enterprise data capture software market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America intelligent enterprise data capture software market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the Component, Applications, and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America intelligent enterprise data capture software market. This chapter also includes the growth prospects of the intelligent enterprise data capture software market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the intelligent enterprise data capture software market based on its Applications in several countries, such as Germany, the U.K., France, Spain, Italy, Russia, Poland, and the Rest of Europe, are included in this chapter.

India, Indonesia, Thailand, and Malaysia are among the leading countries in the South Asia region, which are among the prime subjects of assessment to obtain the growth prospects of the South Asia intelligent enterprise data capture software market in this chapter. Readers can find detailed information about the growth parameters of the South Asia intelligent enterprise data capture software market during the period 2018-2028.

This chapter highlights the growth of the intelligent enterprise data capture software market in the East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the intelligent enterprise data capture software market in East Asia.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania intelligent enterprise data capture software market.

This chapter provides information about how the intelligent enterprise data capture software market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Northern Africa, and the rest of MEA, during the forecast period 2018 - 2028.

In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the intelligent enterprise data capture software market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the intelligent enterprise data capture software market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Oracle Corporation, Microsoft Corporation, SAP SE, Hyland Software, Inc., IBM Corporation, Newgen Software Technologies Limited, BOX, M-Files Inc., Micro Focus, Open Text Corporation and others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the intelligent enterprise data capture software market report.

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the intelligent enterprise data capture software market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near term and long term market growth prospects
  • Market Segment Splits and Authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • IET Journals
    • Industrial Product Review
    • Industrial Automation Magazine
  • Industry Associations
    • Automation Industry Association
    • ISA (International Society of Automation)
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Research Interview Splits

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