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Document capture software is used to translate physical document into digital representation. It helps in decreasing the workload by managing the complex business workflow. Furthermore, it expands operational efficiency and provides enhanced customer experience.
Rising demand for software as a service (SaaS) based document capture software that facilitates pay-per-use, and has user-friendly interface is an important factor driving growth of the global document capture software market. Furthermore, growing penetration of Internet of Things (IoT), and rising adoption of cloud-based software are other factors projected to boost growth of the market over the forecast period.
However, concerns related to data security during data sharing is limiting growth of the market. Moreover, lack of professional workforce and concerns related to automation are some other factors estimated to hinder growth of the market.