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Optical Character Recognition Market to reach a market size of $12.6 billion by 2025

By ET Bureau - September 12, 2019 2 Mins Read

Optical Character Recognition,

The Global Optical Character Recognition Market size is expected to reach $12.6 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period.

According to a new report Global Optical Character Recognition Market, published by KBV Research, The Global Optical Character Recognition Market size is expected to reach $12.6 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period.

The North America market dominated the Global Optical Character Recognition Integration & Deployment Market by Region 2018, growing at a CAGR of 13.9 % during the forecast period. The Europe market is expected to witness a CAGR of 14.6% during (2019-2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 17.7% during (2019-2025).

The Software market dominated the Global Optical Character Recognition Market by Component 2018, growing at a CAGR of 12.5 % during the forecast period. The Services market is expected to witness a CAGR of 16.7% during (2019-2025).

The BFSI market dominated the Global Optical Character Recognition Market by End User 2018, growing at a CAGR of 12 % during the forecast period. The Healthcare & Life Sciences market is expected to witness a CAGR of 14.5% during (2019-2025). The Energy & Utilities market is expected to witness a CAGR of 16.4% during (2019-2025). Additionally, The Education & Legal market is expected to witness the highest CAGR of 14.9% during (2019-2025).



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ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

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