LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET 2022-2028

 

TABLE OF CONTENTS   

1. LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE OPTICAL CHARACTER RECOGNITION MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING INVESTMENTS IN OCR START-UP COMPANIES

2.2.2. RISE IN BENEFITS OF INTEGRATED TECHNOLOGIES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. KEY MARKET STRATEGIES

2.7.1. MERGERS

2.7.2. PRODUCT LAUNCHES

2.7.3. PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. ADVANCED DOCUMENT PROTECTION AND BETTER CUSTOMER SUPPORT

2.8.2. GROWING IMPLEMENTATION OF OCR SOLUTIONS IN ADVANCED TECHNOLOGY

2.8.3. RISE IN OCR ADOPTION ACROSS DIVERSIFIED INDUSTRY VERTICALS

2.9. MARKET CHALLENGES

2.9.1. LIMITATIONS IN DELIVERING ACCURATE OUTPUT

2.9.2. LACK OF ACCURACY IN RECOGNIZING HANDWRITTEN MATERIAL

2.10. MARKET OPPORTUNITIES

2.10.1. INCREASING DIGITALIZATION PRACTICES ACROSS THE GLOBE

2.10.2. RISING NEED FOR ID VERIFICATION SERVICE

3. LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY PRODUCT

3.1. SOFTWARE

3.2. SERVICE

4. LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY OPERATION

4.1. B2B

4.2. B2C

5. LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY VERTICAL

5.1. BFSI

5.2. TRANSPORT & LOGISTICS

5.3. HEALTHCARE

5.4. GOVERNMENT

5.5. EDUCATION

5.6. IT & TELECOM

5.7. MANUFACTURING

5.8. RETAIL

5.9. OTHERS

6. LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET – COUNTRY OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

7. COMPETITIVE LANDSCAPE

7.1. GOOGLE LLC

7.2. IBM

7.3. MICROSOFT CORPORATION

7.4. ADOBE SYSTEMS INC

7.5. NUANCE COMMUNICATIONS INC

7.6. ABBYY

7.7. ANYLINE GMBH

7.8. CAPTRICITY INC (ACQUIRED BY SS&C)

7.9. CREACEED

7.10. FOXIT SOFTWARE INC

7.11. EXPERVISION INC

7.12. INTSIG INFORMATION CO LTD

7.13. IRIS GROUP SA

7.14. LEAD TECHNOLOGIES

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

 

TABLE LIST

TABLE 1: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF MERGERS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF PARTNERSHIPS

TABLE 6: LIST OF BUSINESS EXPANSIONS

TABLE 7: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY OPERATION, 2022-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

 

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, PRODUCT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 4: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

FIGURE 6: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, OPERATION OUTLOOK, 2021 & 2028 (IN %)

FIGURE 7: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY B2B, 2022-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY B2C, 2022-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, VERTICAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 10: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY BFSI, 2022-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY TRANSPORT & LOGISTICS, 2022-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY IT & TELECOM, 2022-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: BRAZIL OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: MEXICO OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: REST OF LATIN AMERICA OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)

 

Growing OCR applications to digitize handwritten text fuels the optical character recognition market’s growth

MARKET OUTLOOK

Triton’s research report infers that the Latin American optical character recognition market is expected to witness growth at a compound annual growth rate of 16.31% during the forecasting years 2022-2028. Mexico, Brazil, and Rest of Latin America outline the market in this region.

In Brazil, OCR solutions are widely used to scan and digitalize paper documents. For instance, OCRConvert provides document and image scanning in Portuguese. Additionally, numerous institutions are adopting OCR systems to enhance educational value. For instance, Porto Alegre is among the cultural, political, and economic centers that have employed OCR on a large scale. Therefore, the growing adoption of OCR systems widens the scope of the optical character recognition market.

On the other hand, the government has been developing OCR applications for government IDs and ports in Argentina. For instance, the National Reorganization Process developed automatically corrected ORC text from a digital archive set up to preserve documents created from 1976-1983. This helped representatives to correct about 30% of the OCR errors. Therefore, such developments are boosting the optical character recognition market on a progressive path.

 

Get more insights into the Latin America Optical Character Recognition Market:

 

https://www.tritonmarketresearch.com/reports/latin-america-optical-character-recognition-market

 

COMPETITIVE OUTLOOK

The leading companies in the optical character recognition market are IBM, Adobe Systems Inc, Nuance Communications Inc, Abby, Google Inc, and Iris Group SA.

 

SEGMENTATION

1.     GOOGLE LLC

2.     IBM

3.     MICROSOFT CORPORATION

4.     ADOBE SYSTEMS INC

5.     NUANCE COMMUNICATIONS INC

6.     ABBYY

7.     ANYLINE GMBH

8.     CAPTRICITY INC (ACQUIRED BY SS&C)

9.     CREACEED

10. FOXIT SOFTWARE INC

11. EXPERVISION INC

12. INTSIG INFORMATION CO LTD

13. IRIS GROUP SA

14. LEAD TECHNOLOGIES

 

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