$60 Billion Worldwide Document Imaging Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, Jan. 6, 2021 /PRNewswire/ -- The "Document Imaging - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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The publisher brings years of research experience to the 6th edition of this report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Document Imaging Market to Reach $142.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Document Imaging estimated at US$60 Billion in the year 2020, is projected to reach a revised size of US$142.7 Billion by 2027, growing at a CAGR of 13.2% over the period 2020-2027.

Cloud, one of the segments analyzed in the report, is projected to record 13.5% CAGR and reach US$65.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premises segment is readjusted to a revised 12.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $17.7 Billion, While China is Forecast to Grow at 12.7% CAGR

The Document Imaging market in the U.S. is estimated at US$17.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.9 Billion by the year 2027 trailing a CAGR of 12.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 11.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Competitors identified in this market include, among others:

    --  Aramex International LLC
    --  Canon, Inc.
    --  Capital Business Systems Pvt. Ltd.
    --  Eastman Kodak Company
    --  Epson America Inc.
    --  Fujitsu Ltd.
    --  HP, Inc.
    --  Newgen Software Technologies Limited
    --  Qorus Software (Pty) Ltd.
    --  Xerox Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

    --  Global Competitor Market Shares
    --  Document Imaging Competitor Market Share Scenario Worldwide (in %): 2019
        & 2025
    --  Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS


IV. COMPETITION

    --  Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/1r3srl

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