InfoTrends’ Document Imaging Scanner Forecast Reveals Key Trends Shaping the Market18 Aug, 2010
InfoTrends’ Document Imaging Scanner Forecast Reveals Key Trends Shaping the Market
Weymouth, MA (August 2010) - InfoTrends has announced the release of its Document Imaging Scanner Forecast for North America: 2009 - 2014. This forecast confirms that the effects of the current economic downturn will persist even after the economy begins to improve, and the document imaging scanner market, especially at the high end, is no exception. Within this market, spending is expected to be tepid even as the economy fluctuates. Many companies have learned to “do more with less,” as they have been forced to curb their spending on equipment, staff, and other resources while maintaining productivity.
Today’s market is highly characterized by change, and it is essential that scanner vendors figure out how their products can complement the new landscape. For example, operational efficiency can often be achieved through process automation. Scanners fit into this process by digitizing documents or capturing data upstream in the process. Converting static data quickly can often mean significant time savings, as well as process and cycle time improvements that can translate into revenue gains.
In addition to the changes resulting from economic conditions, technology and process developments are also posing new challenges to the scanner market. Scanning is a long-established technology, and newer concepts like a less paper office and information “born digital” can be viewed as threats. Scanner vendors must determine how they can profit from this new office dynamic. Newer technologies often do not—and sometimes cannot—replace all the attributes of an existing system. Vendors that are flexible enough to adjust to changing market dynamics with a focus on high value process improvement will be in a better position to serve the market of the future.
InfoTrends' Document Imaging Scanner Forecast for North America: 2009 – 2014 provides further insight into key trends affecting the market and the steps vendors must take to remain profitable into the future. It provides actual 2009 data for placements, revenues, and market share, as well as projected placement and revenue data for 2010 through 2014.
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InfoTrends, a Questex company, is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. We provide research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. Additional information about InfoTrends is available on the Web at www.infotrends.com