Global Document Scanner Sales Market Report 2023

Document Scanner Market

Due to the COVID-19 pandemic, the global Document Scanner market size is estimated to be worth US$ 1401.3 million in 2022 and is forecast to a readjusted size of US$ 2061.3 million by 2029 with a CAGR of 5.6% during the forecast period 2023-2029.

The development of a novel answer that addresses every aspect of the digital society is required given the expanding use of modern technologies. It was expected that this would propel the market. In addition, it is anticipated that the desire of consumers—particularly business people—to go paperless and digitise paper papers will fuel the expansion of the global document scanner market.

Trends Influencing the Growth of the Document Scanner Market

Hardcopy document management and organisation are much more challenging. When sifting through mountains of papers that have gathered over the years and been stored in filing cabinets, finding information can feel like finding a diamond in a haystack. Especially if digital files are well-managed and ordered, searching through digital files only takes a few seconds.  Electronic documents enable an organisation to rapidly access previous records or files with the click of a button without having to sift through mountains of paperwork. According to the graph, scanner penetration is significant and is expected to rise both nationally and globally, directly influencing the growth of the document scanner market.

While there are many ways that document scanning can cut costs, digitization is a separate expenditure. For instance, the cost of buying paper, publishing documents, and photocopying has significantly decreased. Rent and maintenance costs are also no longer an issue. However, more importantly, the time spent looking for and accessing files adds hours to the daily task. With a more streamlined strategy to document organisation and archiving, businesses can have more time to dedicate to more important areas of the organisation. In turn, this is anticipated to fuel the market for document scanners. 

In general, automation, communication, and teamwork are impacted by digitalization; all three are essential in the grand plan of things. Since digital scanning frees up workers' time to discover, process, and distribute information, it directly affects productivity. In a strange sense, having more room at work is liberating. A less crowded office environment can significantly increase worker productivity.

Document Scanner Market Share

The document scanner industry has a relatively high level of concentration. More than 60% of the world's output is accounted for by the top four producers, Fujitsu, Canon, HP, and Epson. The largest consumer marketplaces are in developed countries.    With 23% of the market, the EU falls in second place to the US, which holds 29% of the market.

By Type

• High-speed Document Scanner
• Flatbed Document Scanner
• Portable Document Scanner
• Other

By Application

• Financial
• Government
• Business
• Household
• Other

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

By Company

• Fujitsu
• Canon
• HP
• Epson
• Brother
• Plustek
• Kodak
• Panasonic
• Uniscan
• MICROTEK
• Founder Technology
• Hanvon
• Avision
• Visioneer(Xerox)

Scope of Document Scanner Market Report