The Optical Character-Recognition Software Developers Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.


Industry Analysis & Industry Trends

During the five years to 2014, the Optical Character-Recognition Software Developers industry benefited from growing corporate profit and low interest rates, encouraging businesses to invest in cost-saving software such as optical character recognition (OCR). Additionally, over the past five years, industry operators have benefited from the rise of digital workflows and paperless communication. In the five years to 2019, industry revenue is forecast to grow, partly due to the movement of medical records online. However, the industry will likely experience increasing competition from open source software developers, which produce and distribute OCR software at no charge to the end user, posing a threat to the industry.

What is the Optical Character-Recognition Software Developers industry?

This industry develops and distributes optical character recognition software, which electronically translates scanned images of handwritten, typewritten or printed text into machine-encoded text. This software is used to convert books and documents into electronic files, to computerize record-keeping systems in offices and to publish text onto websites.

Look under the hood?

Download a FREE sample report

Industry Products

Major products in this industry
Large corporation OCR software
Small corporation OCR software
Personal-use OCR software

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary
Why buy this report?

IBISWorld industry market research reports enable you to:
  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
  • Quickly build competitive intelligence
This report on Optical Character-Recognition Software Developers:
  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
The Optical Character-Recognition Software Developers market research report includes:
  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Optical Character-Recognition Software Developers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Join IBISWorld today