Digitization is the process of scanning paper documents and converting them into electronic formats. Most of the companies are scanning documents, in order to save cost, increase productivity, and also to improve access to the information. The digitization of documents can prevent the loss of sensitive information by providing backup in case of loss or damage to the physical documents. The high-speed scanners are used to scan documents into digital images. For instance, in April 2020, iGuana, a Belgium-based company that provides digitization services announced collaboration with Qidenus Technologies, an Austria-based company that manufactures V-shaped and robotic scanners to enhance Qidenus Mastered Book Scanner to ensure top scan quality and top performance in book scanning environment.
Market Dynamics
The increasing demand for document scanning services from BFSI, healthcare, and IT & telecom industries in countries such as Germany, France, China, South Korea, Italy, and Japan is expected to drive the market growth during the forecast period. Companies in these countries are focusing on reducing operational costs and gain a competitive advantage through outsourcing IT services. The maintenance and storing of these valuable documents require more space and even costly for any organization. Thus, organizations are opting for document scanning outsourcing services, where third-party vendors can transform handwritten and typed documents into digital format. Document outsourcing consists of intelligent character recognition (ICR) and optical character recognition (OCR) methods, in order to convert hand-written documents into electronic information. Moreover, due to the increasing demand for outsourcing document scanning services in organizations, document outsourcing service providers are trying to solve a business challenge by providing value-added services to their customers. For instance, Ricoh Ltd., specializing in office imaging equipment, production print solutions, document management systems, and IT services introduced document process outsourcing services for organizations, in order to outsource their document business processes. The outsourced service providers help organizations to reduce the overall cost, enhance productivity, and improve workflow efficiencies in the organizations.
The increasing demand for document scanning services in the logistics sector in Japan is expected to drive the market growth during the forecast period. Logistics document scanning services help transport companies to digitize and organize documents in such a way that will improve operational efficiency. These services are used by both small and medium enterprises (SMEs) and large enterprises to keep track of their workflow. For instance, in September 2020, Ripcord Inc., a U.S.-based leading robotics digitization company announced joint venture with Fuji Xerox Co., Ltd., a Japan-based company, which manufactures xerographic and document-related products and services, in order to bring digital transformation technologies in Japan and the APAC region. Through this joint venture, Ripcord Inc. and Fuji Xerox help their customers to streamline operations, accelerate digitization, reduce costs, reduce labor costs associated with digitizing and improve customer experiences.
Key features of the study:
- This report provides in-depth analysis of the global document scanning services market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global document scanning services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Access Scanning Document Services, LLC, Ripcord, Inc., Armstrong Archives, LLC, Chicago Records Management Inc., Cube Records Management Services, The Scanning Company, Smooth Solutions Inc., VENSO Technologies, Shoreline Records Management, Inc., Pearl Scan, iGuana, Cleardata UK Ltd., KnowledgeLake, Microimage Technologies Limited, ScanWorld Station Limited, The Apache Software Foundation, Advanced Data Solutions, Inc., Blue-Pencil Information Security Inc., Iron Mountain Inc., Flatworld Solutions Pvt. Ltd., Royal Imaging, Pacific Records Management, DataGuard USA (Record Nations), Scanning America Inc..
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global document scanning services market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global document scanning services market
Detailed Segmentation
- Global Document Scanning Services Market, By service Type:
- On-site Service
- Offsite Service
- Global Document Scanning Services Market, By Document Type:
- Medical Record Scanning
- Legal Document Scanning
- Blueprint and Map Scanning
- Proof of Delivery Scanning
- Human Resources Document Scanning
- Newspaper and Magazine Scanning
- Accounts Payable and Accounts Receivable Document Scanning
- Other (Survey Scanning, Book Scanning, etc)
- Global Document Scanning Services Market, By End use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- Global Document Scanning Services Market, By Region:
- North America
- By Service Type:
- On-site Service
- Offsite Service
- By Document Type:
- Medical Record Scanning
- Legal Document Scanning
- Blueprint and Map Scanning
- Proof of Delivery Scanning
- Human Resources Document Scanning
- Newspaper and Magazine Scanning
- Accounts Payable and Accounts Receivable Document Scanning
- Other (Survey Scanning, Book Scanning, etc)
- By End User:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- Europe
- By Service Type:
- On-site Service
- Offsite Service
- By Document Type:
- Medical Record Scanning
- Legal Document Scanning
- Blueprint and Map Scanning
- Proof of Delivery Scanning
- Human Resources Document Scanning
- Newspaper and Magazine Scanning
- Accounts Payable and Accounts Receivable Document Scanning
- Other (Survey Scanning, Book Scanning, etc)
- By End User:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Service Type:
- On-site Service
- Offsite Service
- By Document Type:
- Medical Record Scanning
- Legal Document Scanning
- Blueprint and Map Scanning
- Proof of Delivery Scanning
- Human Resources Document Scanning
- Newspaper and Magazine Scanning
- Accounts Payable and Accounts Receivable Document Scanning
- Other (Survey Scanning, Book Scanning, etc)
- By End User:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Service Type:
- On-site Service
- Offsite Service
- By Document Type:
- Medical Record Scanning
- Legal Document Scanning
- Blueprint and Map Scanning
- Proof of Delivery Scanning
- Human Resources Document Scanning
- Newspaper and Magazine Scanning
- Accounts Payable and Accounts Receivable Document Scanning
- Other (Survey Scanning, Book Scanning, etc)
- By End User:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- By Component:
- Hardware
- Software
- Services
- Installation Service
- Integration Service
- Maintenance & Support Service
- By Application:
- Image Recognition
- Voice Recognition
- Video Surveillance & Diagnostics
- Data Mining
- By End User:
- Automotive
- Aerospace & Defense
- BFSI
- Healthcare
- Manufacturing
- Retail
- Others
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
-
- Access Scanning Document Services, LLC *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Ripcord, Inc.
- Armstrong Archives, LLC
- Chicago Records Management Inc.
- Cube Records Management Services
- The Scanning Company
- Smooth Solutions Inc.
- VENSO Technologies
- Shoreline Records Management, Inc.
- Pearl Scan
- iGuana
- Cleardata UK Ltd.
- KnowledgeLake
- Microimage Technologies Limited
- ScanWorld Station Limited
- The Apache Software Foundation
- Advanced Data Solutions, Inc.
- Blue-Pencil Information Security Inc.
- Iron Mountain Inc.
- Flatworld Solutions Pvt. Ltd.
- Royal Imaging
- Pacific Records Management
- DataGuard USA (Record Nations)
- Scanning America Inc.
“*” marked represents similar segmentation in other categories in the respective section.
