Optical Character Recognition Market Size- KBV Research

The Global Optical Character Recognition Market size is expected to reach $12.6 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period.

Optical character recognition (OCR) is the technology used to distinguish printed or handwritten text characters within digital images of physical documents like scanned paper documents. A basic OCR process includes examination of the text of a document and translating its characters into a code which can be used to process the data. OCR systems are made up of a combination of hardware and software which is used for converting physical documents into machine-readable texts. Hardware systems like optical scanner or specialized circuit board are used for copying or reading text. While on the other hand, software systems typically handle the advanced processing. Also, software can take advantage of artificial intelligence (AI) for implementing more advanced methods of intelligent character recognition (ICR), for example, identifying languages or styles of handwriting.

Full Report: https://www.kbvresearch.com/...-recognition-market/

The Wall

No comments
You need to sign in to comment