Global And Japan Document Scanning Services MarketSize and Trends

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.

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.

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

Global And Japan Document Scanning Services Market Report Snapshots