TECH SUPPLIER Jul 2021 - Market Forecast - Doc # EUR146483521

Western Europe Capture Software Revenue Forecast, 2021-2025

By: Jacqui HendriksEuropean Managed Print & Document Services (MPDS) - Research & Consulting

Abstract

This IDC Market Forecast study provides a sizing of the Western European capture applications market in 2020 and a five-year forecast through 2025 by deployment type (public cloud versus on-premises/other software). It updates Western Europe Capture Applications Software Forecast, 2020-2024 (IDC #EUR145769220, August 2020).

"IDC forecasts that the Western European capture applications market will grow at a CAGR of 4.1% as companies continue their digital journeys after a disruptive business year," said Jacqui Hendriks, associate research director, European Managed Print and Content Services. "As result of the pandemic, there has generally been greater exposure to capture or scanning solutions. However, capture applications — combined with RPA, ML, and AI — need to provide business benefits beyond internal process efficiency to improve competitiveness, enhance the customer experience, and help to identify new market opportunities through intelligent business insight coupled with ensuring data privacy, meeting compliance, and enabling cybersecurity."


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