Global and japan document scanning services market
Global and Japan Document Scanning Services Market, By Service Type (Onsite and 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-use Industry (Healthcare, Legal Firms, BFSI, Government, Education, E-commerce and Logistics, Architecture Firms, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
- Mar 2022
- CMI4972
- 170 Pages
- Excel & Pdf
- Information and Communication Technology
Document scanning is nothing but the conversion of paper documents into useful and accessible digital files, such as: PDF, TIFF, JPEG, and other formats. Document scanning services are widely used in various industries such as healthcare, legal firms, BFSI, government, education, e-commerce and logistics, architecture firms, and others. The increasing demand for document scanning services in the medical sector is expected to drive the global and japan document scanning services market growth during the forecast period. Moreover, the rising adoption of smartphones, smart scanners, and connecting technologies such as Wi-Fi, Bluetooth 5.0, and the Internet of Things (IoT) are expected to drive demand for these services during the forecast period.
The global and Japan document scanning services market is expected to witness significant growth during the forecast period (2020–2027). The increasing demand for document scanning services in the medical sector is expected to drive the global and Japan document scanning services market growth during the forecast period. Due to advancements in technologies such as optical character recognition (OCR), many hospitals and clinics are adopting paperless management systems and paperless medical records. As in the medical industry, every firm faces a huge amount of data entry work, which also include numerous paperwork. Thus, many firms are adopting document scanning services and converting data into electronic health records (EHR), which reduces time wasted in billing, reduces cost of scanning, and create enough storage space in the organizations. For instance, according to Stratagem Market Insight analysis, NHS, The National Health Service, a publicly funded healthcare system in England save US$ 425.4 million a year, in order to save money and also to improve the quality of care. Thus, scanning medical records solution saw a 30% reduction in paper-handling costs.
Moreover, a huge amount of data is generated in the hospitals and clinics, owing to the increasing number of patients being treated and the rising number of medical facilities. Management of data and the need to minimize the use of paper to reduce operational costs and storage issues are expected to drive the market growth during the forecast period.
There are many possible vulnerabilities present in managing the document services. The vulnerabilities such as data and security breaches, identity theft, sharing of sensitive information, and other threats of cyberattacks. This will damage the reputation of the organization and eventually hamper the confidence of people who is running the business. This in turn, may create liability to lawsuits and criminal penalties. Important information is stored in cloud and databases, which enable cybercriminals to disrupt valuable company data and use it to enter unlawful dealing. Besides, data privacy, crucial document management security concern, and need for huge investment are expected to hamper the market growth during the forecast period.
In the Japan the companies are focused on adopting strategies such as partnerships in order to expand their global presence. For instance, in September 2020, Fuji Xerox Co., Ltd., a Japan-based company, together with Ripcord Inc., the leading robotics and integrated SaaS digitization company based in California, U.S. established a joint venture FUJIFILM RIPCORD in Tokyo, Japan. This newly formed company offers digital transformation services such as the digitalization of paper documents, automation, and systems connections in Japan and the Asia Pacific region.
Impact of COVID-19:
The rapid outbreak of COVID-19 across the globe has significantly affected all the industries globally. The situation caused significant deterioration in economic conditions and government had to shut down commercial as well as educational sectors for a specific period. Strict containment measures have resulted in a drop of economic activities and the business environment of many organizations has changed. For instance - the ongoing and planned projects of construction, mining, and other industries have been delayed, or cancelled. The impact of COVID 19 on the Global and Japan document scanning services market can be divided into two types: short time impact and long term impact. In the short term impact, the document scanning services market witnessed various types of challenges such as lack of proper logistic infrastructure during the COVID 19 pandemic to collect and deliver documents, and others which resulted in drop of the companies’ revenue. For instance, Iron Mountain Inc., a U.S.-based storage and information management services providing company, witnessed 2.7% drop in the revenue in year 2020 compared to 2019. This drop in revenue is mainly attributed to COVID-19’s impact on the business.
Recent Developments:
- In December 2020, Ripcord Inc., the world’s first robotic digitization company, acquired Engine ML. Engine ML is an organization that builds deep-learning infrastructure design. This acquisition is expected to strengthen Ripcord’s artificial intelligence (AI) and machine learning (ML) capability.
- In May 2021, Pearl Scan a document scanning and document management solution company launched book scanning services across the U.K. The newly launched book service can help to preserve old books. The process does not damage the book by any means.
- In April 2020, Shoreline Records Management, Inc. a document scanning and document management company offered its document scanning and management services to Marion County Public Schools, a U.S- based school
North America held the dominant position in the global document scanning services market during the forecast period
Statistics:
North America held dominant position in the global document scanning services market in 2020, accounting for 34% share in terms of value, followed by Asia Pacific and Europe.
Figure 1: Global Document Scanning Market Share (%), By Region, 2020
North America accounted for the highest market share in the global document scanning services market over the forecast period. The growth in the region is attributed to the rising penetration of core technologies such as OCR (Optical Character Recognition), ICR (Intelligent Character Recognition), and the presence of technology giants in the region such as Iron Mountain Inc., Access Scanning Document Services, LLC, and others.
Asia Pacific is expected to exhibit highest CAGR over the forecast period owing to the increasing adoption of cloud-based document scanning services among various organizations. Document Scanning offers a safe repository of data which can also be shared on cloud or local document management system enabling recovery of important documents in just a simple click. For instance, Essjay Copier Pvt. Ltd., an India-based company, offers document scanning services and secure storage in the cloud.
Document Scanning Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2020 | Market Size in 2020: | US$ 2,852.8 Mn |
| Historical Data for: | 2017 to 2019 | Forecast Period: | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR: | 9.6% | 2028 Value Projection: | US$ 5,834.9 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
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. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Offsite Service is expected to drive the market growth during the forecast period
Among service type, the offsite service segment is expected to hold dominant position in the global document scanning services market during the forecast period. In off-site document scanning, documents can be collected or shipped to the service provider company’s secure conversion centers and then scanning operations are performed. Most businesses look to expand their presence online and choose to carry out business operations digitally and are finding ways to achieve effective document digitisation. Businesses are now looking to digitise entire archives to keep up with their competitors. Rising need to achieve effective document digitisation coupled with reliable and cost effective document conversion processes offered by off-site document scanning services are expected to drive the market growth. Many organizations such as education institutes, banks, e-commerce and logistics companies, etc. choose off-site scanning services to undertake their digitisation projects. With an offsite scanning, businesses can be assured that their documents are going to be suitably looked after throughout the entire digitisation process.
Figure 2: Global Document Scanning Market Share (US$ Mn) Analysis and Forecast, 2017 - 2028
Key Takeaways of the Graph:
- The BFSI segment held dominant position in the market and accounted for 27.0% share in the global document scanning services market in 2020. The segment is expected to reach US$ 1,439.2 million in 2028, owing to digitalization in BFSI industry
- In 2020, the Offsite-Service accounted for the largest share of 65% in the global document scanning services market and is expected to be valued US$ 3,723.0 million by 2028. This is owing to growing use of offsite-services in logistics and e-commerce industries
Figure 3: Japan Document Scanning Market Share (US$ Mn) Analysis and Forecast, 2017 - 2028
Key Takeaways of the Graph:
- The BFSI segment held dominant position in the market and accounted for 26.6% share in the Japan document scanning services market in 2020. The segment is expected to reach US$ 108.1 million in 2028, owing to growing utilization of document scanning services in banking sector
- In 2020, the Off-site service accounted for the largest share of 65% in the Japan document scanning services market and is expected to be valued US$ 250.1 million by 2028. This is owing to adoption of off-site services in Japan
Major players operating in the global document scanning services market 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.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Document Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Impact of COVID-19
- Market Dynamics
- Global and Japan Document Scanning Services Market, By Service Type, 2020-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2028 (%)
- Segment Trends
- On-site Service
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Offsite Service
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Introduction
- Global and Japan Document Scanning Services Market, By Document Type, 2020-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2028 (%)
- Segment Trends
- Medical Record Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Legal Document Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Blueprint and Map Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Proof of Delivery Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Human Resources Document Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Newspaper and Magazine Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Accounts Payable and Accounts Receivable Document Scanning
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Other (Survey Scanning, Book Scanning, etc)
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Introduction
- Global and Japan Document Scanning Services Market, By End-use Industry, 2020-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2028 (%)
- Segment Trends
- Healthcare
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Legal Firms
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- BFSI
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Government
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Education
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- E-commerce and Logistics
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Architecture Firms
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2020–2028, (US$ Million)
- Introduction
- Global and Japan Document Scanning Services Market, By Region, 2020-2028 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2020 and 2028 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Service Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By Document Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2020–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Service Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By Document Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2020–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- U.K.
- Germany
- Spain
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Service Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By Document Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2020–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- China
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Excluding Japan
- Latin America
- Regional Trends
- Market Size and Forecast, By Service Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By Document Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2020–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Service Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By Document Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2020–2028 (US$ Million)
- Market Share Analysis, By Country/Region, 2020 and 2028 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- Japan
- Regional Trends
- Market Size and Forecast, By Service Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By Document Type, 2020–2028 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2020–2028 (US$ Million)
- Market Share Analysis, By Country, 2020 and 2028 (%)
- Introduction
- Competitive Landscape
- Company Profiles
- Access Scanning Document Services, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Ripcord, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Armstrong Archives, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Chicago Records Management Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cube Records Management Services
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- The Scanning Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Smooth Solutions Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- VENSO Technologies
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Shoreline Records Management, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Pearl Scan
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- iGuana
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cleardata UK Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- KnowledgeLake
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Microimage Technologies Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- ScanWorld Station Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- The Apache Software Foundation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Advanced Data Solutions, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Blue-Pencil Information Security Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Iron Mountain Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Flatworld Solutions Pvt. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Royal Imaging
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Pacific Records Management
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- DataGuard USA (Record Nations)
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Scanning America Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Access Scanning Document Services, LLC
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Document Scanning Services Market – Global and Japan forecast to 2028”.
Detailed Segmentation
- Global and Japan Document Scanning Services Market, By service Type:
- On-site Service
- Offsite Service
- Global and Japan 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 and Japan Document Scanning Services Market, By End-use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- Global and Japan 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-Use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- U.S.
- Canada
- By Service Type:
- 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-Use Industry:
- 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
- By Service Type:
- 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-use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- China
- India
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Excluding Japan
- By Service Type:
- 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-use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Service Type:
- Middle East and Africa
- 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-use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- By Service Type:
- Japan
- 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-use Industry:
- Healthcare
- Legal Firms
- BFSI
- Government
- Education
- E-commerce and Logistics
- Architecture Firms
- Others
- By Service Type:
- North America