MIDDLE EAST AND AFRICA OPTICAL CHARACTER RECOGNITION MARKET 2022-2028
TABLE OF CONTENTS
1. MIDDLE
EAST AND AFRICA 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 SOLUTION 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. MIDDLE
EAST AND AFRICA OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY PRODUCT
3.1. SOFTWARE
3.2. SERVICE
4. MIDDLE
EAST AND AFRICA OPTICAL CHARACTER RECOGNITION MARKET OUTLOOK - BY OPERATION
4.1. B2B
4.2. B2C
5. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA OPTICAL CHARACTER RECOGNITION MARKET – COUNTRY OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.2. SAUDI
ARABIA
6.3. TURKEY
6.4. SOUTH
AFRICA
6.5. REST
OF MIDDLE EAST & AFRICA
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: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY PRODUCT, 2022-2028 (IN $
MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY OPERATION, 2022-2028 (IN $
MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY VERTICAL, 2022-2028 (IN $
MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY COUNTRY, 2022-2028 (IN $
MILLION)
FIGURE LIST
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY
COMPONENTS
FIGURE 3: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, PRODUCT OUTLOOK, 2021 & 2028
(IN %)
FIGURE 4: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY SOFTWARE, 2022-2028 (IN $
MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY SERVICE, 2022-2028 (IN $
MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, OPERATION OUTLOOK, 2021 & 2028
(IN %)
FIGURE 7: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY B2B, 2022-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY B2C, 2022-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, VERTICAL OUTLOOK, 2021 & 2028
(IN %)
FIGURE 10: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY BFSI, 2022-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY TRANSPORT & LOGISTICS,
2022-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY HEALTHCARE, 2022-2028 (IN $
MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY GOVERNMENT, 2022-2028 (IN $
MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY EDUCATION, 2022-2028 (IN $
MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY IT & TELECOM, 2022-2028 (IN
$ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY MANUFACTURING, 2022-2028 (IN $
MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY RETAIL, 2022-2028 (IN $
MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, BY OTHERS, 2022-2028 (IN $
MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA OPTICAL CHARACTER RECOGNITION MARKET, COUNTRY OUTLOOK, 2021 & 2028
(IN %)
FIGURE 20: UNITED ARAB
EMIRATES OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: SAUDI ARABIA
OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: TURKEY OPTICAL
CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SOUTH AFRICA
OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: REST OF
MIDDLE EAST & AFRICA OPTICAL CHARACTER RECOGNITION MARKET 2022-2028 (IN $
MILLION)
Increasing need to digitize printed manuscripts to accelerate optical
character recognition system adoption
MARKET
OUTLOOK
Triton Market Research’s
report states that the Middle East and Africa optical character recognition market
is anticipated to advance at a compound annual growth rate of 16.11% during the
forecast years 2022-2028. South Africa, the UAE, Saudi Arabia, Turkey, and Rest
of Middle East & Africa outline the market in the region.
Turkey has widely used
optical character recognition systems to convert documents into digital forms.
Moreover, commercial and open-source OCR systems are available for numerous
applications. OCR systems have been beneficial in recording printed manuscripts
in readable and treatable formats, preserving the country’s history. In this
regard, the Research Centre for Islamic History, Art, and Culture developed the
OCR for the Ottoman language, which was earlier unavailable. Therefore, the
advancements in OCR systems positions the optical character recognition market
on a growth path.
In South Africa, the
Deeds Registry currently faces issues of backlog in registering a large volume
of title deeds. As a result, automation of manual data capture was tested using
OCR to surge the number of deeds processed daily. The preliminary results have
shown significant accuracy. Therefore, these factors mentioned above are
fueling the optical character recognition market.
Get
more insights into the Middle East and Africa Optical Character Recognition
Market:
COMPETITIVE
OUTLOOK
The prominent companies
in the market consist of IBM, Nuance Communications Inc, Google LLC, Microsoft
Corporation, Abobe Systems Inc, and Anyline GmbH.
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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