Global Document Analysis Market is valued at approximately USD 1.18 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 48.1% over the forecast period 2022-2029. Document Analysis is a type of qualitative research in which documents are interpreted or analyzed by the researchers to provide voice and meaning around a review topic. There are three essential types of sources for document analysis: public records (such as transcripts, yearly reports and so on), personal documents (such as messages, articles, social media posts and so on) and physical evidence (such as flyers, publications, and so on). It defines the act of assessing the existing documentation of comparable business processes or systems extracts information that is appropriate to the current project, and consequently considers it as project requirements. Factors such as rising number of initiatives to digitalize content in enterprises and rising proliferation of cloud-based document analysis solutions are the few factors that are responsible for the market growth around the world.
In addition, the rapid proliferation of the internet is exhibiting a positive influence on market growth. The International Telecommunication Union stated that in 2012, it was estimated that there were approximately 2.4 billion individuals using the internet around the world. Also, the figure is constantly increasing with a growth rate of 8.24% and reached around 5.3 billion internet users in the year 2022. Thus, these aforementioned factors are bolstering the market demand at a substantial rate. Moreover, the increasing need to improve customer experience, as well as the integration of advanced technologies with intelligent document processing solutions is the major factor expected to create lucrative growth opportunities for the market in the upcoming years. However, addressing governance and compliance requirements and data security concerns are the few factors anticipated to restrain the growth of the global Document Analysis market during the forecast period.
The key regions considered for the Global Document Analysis Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing technological development and rising awareness regarding data security in the region. However, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2029 due to the increase in the need for an advanced intelligent solution along with growing healthcare infrastructure across the region.
ByMajor market players included in this report are:
- ABB Ltd.
- IBM Corporation
- Kofax Inc.
- Parascript LLC
- Hyland Software, Inc.
- WorkFusion Inc.
- AntWorks
- Datamatics Global Services Limited
- HyperScience
- Kodak Alaris Inc.
ByRecent Developments in the Market:
- In January 2023, LiquidText announced the introduction of a notetaking, award-winning reading, and document analysis platform. This enterprise edition platform is specially developed for large deployments and comprises options to integrate with document management software, improving privacy, better security, and data location control.
Global Document Analysis Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Solution, Deployment Type, Organization Size, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
By Deployment Type:
By Organization Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
By End-User
- Banking, Financial Services and Insurance
- Government
- Healthcare and Life Sciences
- Retail and E-commerce
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Document Analysis Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Document Analysis Market, by Solution, 2019-2029 (USD Billion)
- 1.2.3. Document Analysis Market, by Deployment Type, 2019-2029 (USD Billion)
- 1.2.4. Document Analysis Market, by Organization Size, 2019-2029 (USD Billion)
- 1.2.5. Document Analysis Market, by End-User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Document Analysis Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Document Analysis Market Dynamics
- 3.1. Document Analysis Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising initiatives to digitalize content across enterprises
- 3.1.1.2. Rapid proliferation of the internet
- 3.1.2. Market Challenges
- 3.1.2.1. Addressing governance and compliance requirements
- 3.1.2.2. Data security concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing need to improve customer experience
- 3.1.3.2. Integration of advanced technologies with intelligent document processing solution
Chapter 4. Global Document Analysis Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Document Analysis Market, by Solution
- 6.1. Market Snapshot
- 6.2. Global Document Analysis Market by Solution, Performance - Potential Analysis
- 6.3. Global Document Analysis Market Estimates & Forecasts by Solution 2019-2029 (USD Billion)
- 6.4. Document Analysis Market, Sub Segment Analysis
- 6.4.1. Product
- 6.4.2. Services
Chapter 7. Global Document Analysis Market, by Deployment Type
- 7.1. Market Snapshot
- 7.2. Global Document Analysis Market by Deployment Type, Performance - Potential Analysis
- 7.3. Global Document Analysis Market Estimates & Forecasts by Deployment Type 2019-2029 (USD Billion)
- 7.4. Document Analysis Market, Sub Segment Analysis
- 7.4.1. On-Premises
- 7.4.2. Cloud
Chapter 8. Global Document Analysis Market, by Organization Size
- 8.1. Market Snapshot
- 8.2. Global Document Analysis Market by Organization Size, Performance - Potential Analysis
- 8.3. Global Document Analysis Market Estimates & Forecasts by Organization Size 2019-2029 (USD Billion)
- 8.4. Document Analysis Market, Sub Segment Analysis
- 8.4.1. Small and Medium-Sized Enterprises
- 8.4.2. Large Enterprises
Chapter 9. Global Document Analysis Market, by End-User
- 9.1. Market Snapshot
- 9.2. Global Document Analysis Market by End-User, Performance - Potential Analysis
- 9.3. Global Document Analysis Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
- 9.4. Document Analysis Market, Sub Segment Analysis
- 9.4.1. Banking, Financial Services and Insurance
- 9.4.2. Government
- 9.4.3. Healthcare and Life Sciences
- 9.4.4. Retail and E-commerce
- 9.4.5. Others
Chapter 10. Global Document Analysis Market, Regional Analysis
- 10.1. Document Analysis Market, Regional Market Snapshot
- 10.2. North America Document Analysis Market
- 10.2.1. U.S. Document Analysis Market
- 10.2.1.1. Solution breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Deployment Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Organization Size breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End-User breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Document Analysis Market
- 10.3. Europe Document Analysis Market Snapshot
- 10.3.1. U.K. Document Analysis Market
- 10.3.2. Germany Document Analysis Market
- 10.3.3. France Document Analysis Market
- 10.3.4. Spain Document Analysis Market
- 10.3.5. Italy Document Analysis Market
- 10.3.6. Rest of Europe Document Analysis Market
- 10.4. Asia-Pacific Document Analysis Market Snapshot
- 10.4.1. China Document Analysis Market
- 10.4.2. India Document Analysis Market
- 10.4.3. Japan Document Analysis Market
- 10.4.4. Australia Document Analysis Market
- 10.4.5. South Korea Document Analysis Market
- 10.4.6. Rest of Asia Pacific Document Analysis Market
- 10.5. Latin America Document Analysis Market Snapshot
- 10.5.1. Brazil Document Analysis Market
- 10.5.2. Mexico Document Analysis Market
- 10.5.3. Rest of Latin America Document Analysis Market
- 10.6. Rest of The World Document Analysis Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. ABB Ltd.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. IBM Corporation
- 11.2.3. Kofax Inc.
- 11.2.4. Parascript LLC
- 11.2.5. Hyland Software, Inc.
- 11.2.6. WorkFusion Inc.
- 11.2.7. AntWorks
- 11.2.8. Datamatics Global Services Limited
- 11.2.9. HyperScience
- 11.2.10. Kodak Alaris Inc.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption