Document Capture Software Market Expected To Reach Us$ 11,384.5 Mn By 2026
According to a new market report published by Transparency Market Research , the global document capture software market is expected to reach a value of US$ 11,384.5Mn by 2026 , supported by rising adoption of compliance initiatives, distributed capture, and the reduction of expenses by investing in advanced document processing. The market is projected to expand at a CAGR of 10.3% during the forecast period from 2018 to 2026. Increasing demand for document management, growing trend of mobile workforce, coupled with multiple benefits offered by document management software are encouraging the higher adoption of document capture software. Growing list of vendors providing multi-channel capture solutions likely to boost demand for document capture solutions over the forecast period Adoption of document capture software by small and medium-sized enterprises (SMEs) is increasing mainly due to cost efficiency as well as limit...