LAMEA Optical Character Recognition Market By Component (Software and Services), By End User (BFSI, Healthcare & Life Sciences, Energy & Utilities, Education & Legal, Telecom & IT, Government & Public Sector and Others)

Analysis of Market Size & Trends

The Latin America, Middle East and Africa Optical Character Recognition Market would witness market growth of 15.5% CAGR during the forecast period (2019-2025).

Computer technology innovations have enabled OCR's recognition part to be fully implemented in software packages that operate on personal computers. Desktop-based OCR can be discovered online as well as being easy to use and very simple. The 'Free Online OCR' is great because it supports 46 languages including Italian, Portuguese, Spanish, Japanese and Chinese. Mobile-based OCR is used to reuse text instantly, e.g. to store captured text as notes, to apply text to expression, to send details via mail or to send a message to the service. Its primary aim is on whiteboards or blackboards to digitize notes. The cloud OCR system uses optical character recognition technology and provides the millions of company users and clients with some of the finest market solutions.

OCR technology is also commonly used across a number of sectors, assisting several businesses to ease data access, save staff time, and increase productivity. Such technology-related advantages are anticipated to drive the development of the market for optical character recognition.

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Based on Component, the market is segmented into Software and Services. Software segment is further segmented into Desktop Based, Mobile Based, Cloud Based and Others. Services segment is further bifurcated into Integration & Deployment, Advisory & Consulting and Support & Maintenance. Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Energy & Utilities, Education & Legal, Telecom & IT, Government & Public Sector and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google, Inc., Nuance Communications, Inc., Adobe, Inc., Accusoft Corporation, Ricoh Company Limited, Anyline GmbH, NTT Data Corporation and LEAD Technologies, Inc.

Scope of the Optical Character Recognition Market Analysis

Market Segmentation:

By Component

• Software
  • Desktop Based
  • Mobile Based
  • Cloud Based
  • Others
• Services Type
  • Integration and Deployment
  • Advisory and Consulting
  • Support and Maintenance

By End User

• BFSI
• Healthcare and Life Sciences
• Energy and Utilities
• Education and Legal
• Telecom and IT
• Government and Public Sector
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• IBM Corporation
• Microsoft Corporation
• Google, Inc.
• Nuance Communications, Inc.
• Adobe, Inc.
• Accusoft Corporation
• Ricoh Company Limited
• Anyline GmbH
• NTT Data Corporation
• LEAD Technologies, Inc.