IBISWorld’s Optical Character Recognition Systems procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Optical Character Recognition Systems to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Optical Character Recognition Systems - Recent Price Trend

During the three years to 2016, the price for OCR systems has grown at an estimated annualized rate of 1.7%. Prices have been slowly rising primarily due to growing demand. Demand growth has been fueled by increasing adoption of document digitization and the reduction in paper-based document storage. Federal funds have been allocated to create digital document storage for healthcare companies,...

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Optical Character Recognition Systems - Total Cost of Ownership

The total cost of ownership for OCR systems is medium, which harms buyers by increasing the likelihood of incurring unexpected costs. For buyers of off-the-shelf perpetual licenses, most additional costs associated with OCR software can be found in the cost of future upgrades. Because of the high level of R&D investment in the software industry, OCR systems are continually being adjusted and...

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About this Report

This report is intended to help buyers of optical character recognition (OCR) systems. OCR systems electronically translate scanned images of handwritten, typewritten or printed text into machine-encoded text. OCR systems are used to convert books and documents into electronic files, computerize record-keeping systems in offices, publish text onto websites and read text to the visually impaired. Software publishers and computer hardware and software retailers are the main suppliers of OCR systems. This report will not focus on cameras, scanners or multifunctional printers, although OCR systems do utilize them to capture images. OCR software is the primary component of OCR systems and will thus be the focus of this report.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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