Technavios global document scanner market research report forecasts the market to grow at a CAGR of over 14% during the forecast period.
The growing demand for handheld document scanners will be one of the major global document scanner market trends during 2018-2022. Vendors have been focusing on innovating and adding new functionalities and features such as translations, definitions, and reading printed text aloud to handheld document scanners owing to their increasing popularity. In addition, a feature to store and send scanned content to systems will also be added to these scanners in the coming years.
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According to Technavio analysts, one of the key global document scanner market drivers is the enhancement of data security owing to the use of document scanners:
Global document scanner market: Enhancement of data security owing to the use of document scanners
Paper documents are usually stored in cabinets because of which they can be easily accessed and tampered with. However, a document can be easily encrypted, backed up, and tracked if the document is scanned. This will enhance the security of the data. The scanned documents can also be shared and utilized securely within the systems such as the enterprise customer relationship management, HR system, account package, and Sharepoint.
According to a senior analyst at Technavio for research on computing devices, Paper documents are vulnerable to floods, fires, and other natural as well as manmade disasters. The recovery of the document can be made easier by scanning the document. The scanned documents can be backed up in hard drives or can be protected electronically with an e-vaulting solution. This will lead to an increase in the adoption of document scanners among enterprises.
Global document scanner market: Segmentation analysis
The global document scanner market analysis report provides market segmentation by image sensor (CCD and CIS), by type (flatbed mechanics scanner and document scanner), by application (government, BFSI, IT, healthcare, education, and transportation), and by region (the Americas, APAC, and EMEA). This document scanner market forecast provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major segments based on the type of scanner, the flatbed scanner segment held the largest document scanner market share in 2017, contributing to around 60% of the market. This type of a scanner can scan documents of size up to 8.5 inches by 11.7 inches if the document is placed on the scanners glass platform.
The Americas held the largest share of the market in 2017, accounting for close to 41% share. It was followed by APAC and EMEA respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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