Optical Character Recognition Market Size Worth $26.31 Billion By 2028 | CAGR: 16.7%: Grand View Research, Inc.
is expected to reach USD 26.31 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a
CAGR of 16.7% from 2021 to 2028. Digitalization plays a critical role in changing the way organizations operate. It has helped companies improve efficiency of their business processes. Enterprises are investing large amounts in technologies that can help them digitalize their work process and increase productivity. Since data is a critical element for an organization, adoption of technologies such as OCR, which enables users to convert text data in different types of documents and images into editable or accessible formats, has increased. OCR solutions are integrated with a wide range of technologies such as robotic process automation and Artificial Intelligence (AI) to enhance their capabilities.