Global Document Scanners Market to Reach $7.2 Billion by 2026 Amid COVID-19 Pandemic

Strategic Insights -

The global market for document scanners is projected to reach a revised size of $7.2 billion by 2026, growing at a compound annual growth rate (CAGR) of 12.7% over the analysis period. The market is estimated to have reached $3.5 billion in 2020. The COVID-19 pandemic has accelerated the adoption of document scanners, particularly in the healthcare and finance sectors.

Key Takeaways:

  • The global document scanners market is expected to reach $7.2 billion by 2026, growing at a CAGR of 12.7% over the analysis period.
  • Flatbed scanners are projected to record a 13.3% CAGR and reach $4.9 billion by the end of the analysis period.
  • The U.S. market is estimated at $1.1 billion in 2021, while China is forecast to reach $1.6 billion by 2026.
  • The COVID-19 pandemic has accelerated the adoption of document scanners in the healthcare and finance sectors.
  • The healthcare sector is expected to drive the demand for document scanners, particularly for medical imaging and patient records.
  • The report covers all major geographies and key segments, including Type (Flatbed Scanners, and Other Document Scanners) and Geographies (World, United States, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa).
  • The market is driven by factors such as increasing demand for document management solutions, growing need for digital transformation, and rising adoption of cloud-based services.
  • The report provides a comprehensive analysis of the market, including market size, growth drivers, trends, and challenges.
  • The research platform, MarketGlass, offers a free full-stack knowledge center that is custom configurable to today's busy business executives' intelligence needs.

Statistics:

  • Estimated global market size in 2020: $3.5 billion
  • Projected global market size by 2026: $7.2 billion
  • CAGR over the analysis period: 12.7%
  • Estimated U.S. market size in 2021: $1.1 billion
  • Forecasted Chinese market size by 2026: $1.6 billion
  • Projected growth in the healthcare sector: 15.6%
  • Projected growth in the finance sector: 12.3%

Sources:

  • Global Industry Analysts, Inc. (GIA)
  • StrategyR (TM)
  • Zak Ali, Director, Corporate Communications, Global Industry Analysts, Inc.
  • GIA, (www.strategyr.com)
  • MarketGlass (TM) Platform
  • Journalists & Media Info, 411@strategyr.com
  • SOURCE Global Industry Analysts, Inc.