Global Document Capture Software Market Scope 2024, Forecast To 2033

The document capture software market has experienced rapid growth, increasing from $8.78 billion in 2023 to $9.7 billion in 2024, achieving a 10.4% CAGR. This growth is attributed to increased need for efficient document management and organization, compliance requirements and regulatory pressures, growth in the volume of digital and paper-based documents, focus on cost reduction and operational efficiency, and adoption of digital transformation strategies by businesses. The market is expected to see rapid growth, reaching $15.37 billion in 2028, driven by the rise in demand for cloud-based document capture solutions, expansion of remote work and the need for digital document handling, emphasis on data security and privacy compliance, integration with enterprise resource planning (ERP) and other business systems, and the increasing use of mobile document capture applications. Major trends in the forecast period include integration of artificial intelligence (AI) and machine learning (ML) in document capture software, shift towards intelligent document recognition and data extraction, implementation of advanced analytics for document insights, adoption of blockchain technology for document verification and security, and development of scalable and customizable document capture solutions.