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Scanner Global Market Report 2022

Scanner Global Market Report 2022

  • March 2022
  • 175 pages
  • ID: 6246433
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the scanner market are Zebra Technologies, Hewlett-Packard, Fujitsu Limited, Canon Inc., Epson, Honeywell International Inc., Opticon, SATO Holdings Corporation, Metrologic Instruments, Epson America Inc., Seiko Epson Corporation, Xerox, Brother, DYMO, Colortrac, Imageaccess, Plustek and Visioneer.

The global scanner market is expected to grow from $1.60 billion in 2021 to $1.79 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.65 billion in 2026 at a CAGR of 10.4%.

The scanner market consists of sales of scanners by entities (organizations, sole traders and partnerships) that provide scanners, which are input devices that can be connected to computers to optically scan images, print texts, handwriting, or objects and convert them to digital images. Only goods and services traded between entities or sold to end consumers are included.

The main types of scanner are flatbed scanner, sheet-fed scanner, drum scanner, handheld scanner and others.A flatbed scanner is an optical that provides a flat, glass surface to for scanning documents.

The scanner are distributed through online store and offline store. They are mainly used for individual use and commercial use.

The regions covered in the scanner market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing demand for sheet-fed scanners is expected to fuel the growth of the scanner market during the forecasted period.A sheetfed scanner is a computer scanning device primarily designed to scan loose sheets of paper.

The sheetfed scanners are widely used by businesses to scan office documents.Most of the businesses prefer paper digitization because scanning cuts the cost of document management.

It cuts the cost of paper, small supplies such as staplers, scissors, tape, glue, pen, pencils and also save spaces in the office premises as there is no paper records space required with digitization. Therefore, the increasing demand for digitization is expected to increase the demand for sheet-fed scanners, thus driving the scanner market during the period.

The availability of alternatives such as scanning documents through smartphones is expected tohinder the growth of the demand for scanners marketduring the forecasted period.With advancements in technology, smartphones are available with scanning features which can also provide 3D scanning.

For instance, in August 2019, Samsung, a South Korean conglomerate company launched Samsung Galaxy Note10+ with instant 3D scanning capabilities.The mobile phone features a DepthVision camera that uses 3D Time-of-Flight (ToF) technology to allow users to scan objects for quick rendering.

Apart from 3D scanning, there are various applications that are available for smartphones for scanning for documents such as Adobe Scan, Microsoft Office Lens, ScanPro and CamScanner. Therefore, the availability of alternatives in scanning documents and images can restrain the market growth of scanners during the period.

The technological advances is shaping the scanners market.Scanner-based businesses are continually investing in the creation of emerging technology to enhance their company revenue.

For instance, in March 2020, Epson, a Japan-based Electronics company launched Epson WorkForce DS-3000 and DS-32000 A3 sheetfed scanners for business. With strong media versatility, these new scanners deliver high-speed image capture of up to 90ppm (180ipm), making them the perfect entry point to the digital workflow of an organisation and capable of scanning a variety of documents, from large-bound documents to passports.

The countries covered in the scanner market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

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