DUBLIN, January 26, 2023 /PRNewswire/ — The report “Handwriting Recognition (HWR) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies & Forecasts, 2022 to 2030” has been added to from ResearchAndMarkets.com offer.
The report offers strategic insights on the global Handwriting Recognition (HWR) Market along with the market size and estimates for the duration from 2020 to 2030. The said research study covers an in-depth analysis of several market segments based on type, application and crossover. – cross-sectional study through different geographies and sub-geographies.
The study covers the benchmarking of different segments for the years 2021 and 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
Handwriting recognition (HWR) refers to a process of converting handwritten text into machine-readable text. The technology is available in two modes, viz. online recognition and offline recognition. The overall system includes hardware as well as software components. In the case of online handwriting recognition, the software plays a primary role in recognizing the text written on a given device. Offline handwriting recognition includes hardware devices such as a digitizing pen and a mini-scanner that are used to read text written on paper.
Handwriting recognition technology plays a crucial role in businesses and governments as it facilitates document retention and digital storage. The algorithm-based handwriting recognition software designed to translate different languages and symbols into machine-readable electronic text.
The most important factor fueling the growth of the market is the growing demand from businesses and government for efficient document management. A significant number of public companies and businesses still rely on physical documents and files. Additionally, these organizations face significant challenges in preserving old documents and converting them into electronic media. Handwriting recognition has proven to be a viable solution for effective document management.
Moreover, decoding complex languages such as Chinese (Mandarin), Japanese, Arabic and Korean is another challenging task for different organizations. Subsequently, handwriting recognition technology has experienced profound growth over a period of time.
To assist strategic decision makers, the report also includes a competitive profile of leading handwriting recognition (HWR) solution vendors, market positioning and key developments. Some of the key players profiled in the report are MyScript, Hanwang Technology Co., Ltd., Nuance Communications, Inc., Paragon Software Group, SELVAS AI, Inc., PhatWare Corporation, Sciometrics, LLC, and SinoVoice.
Overall, the research study provides a holistic view of the global Handwriting Recognition (HWR) Market, offering market size and estimates for the period from 2022 to 2030, keeping in mind mind the factors mentioned above.
Market segmentation
Type
- Online handwriting recognition
- Offline handwriting recognition
Application
- Automotive
- Education and Literature
- Business and field services
- Health care
- Others
Key questions answered by this report
- What are the key micro and macro environmental factors impacting the growth of the Handwriting Recognition (HWR) market?
- What are the major investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecasts and market projections till 2030.
- Which segment represents the fastest CAGR during the forecast period?
- Which market segment has a larger market share and why?
- Are low- and middle-income economies investing in the handwriting recognition (HWR) market?
- What is the largest regional market for the Handwriting Recognition (HWR) market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin Americaand Middle East & Africa?
- What are the key trends driving the growth of the handwriting recognition (HWR) market?
- Who are the leading competitors and what are their key strategies to grow their presence in the global handwriting recognition (HWR) market?
Main topics covered:
1. Preface
2. Executive Summary
3. Handwriting Recognition (HWR) Market: Competitive Analysis
4. Handwriting Recognition (HWR) Market: Macro Analysis and Market Dynamics
5. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
6. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
7. North America Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
8. UK & EU Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
9. Asia-Pacific (HWR) handwriting recognition market, 2020-2030, USD (Million)
10. Latin America Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
11. Middle East and Africa Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
12. Company Profile
Companies cited
- MyScript
- Hanwang Technology Co.Ltd.
- Nuance Communications Inc.
- Paragon Software Group
- SELVAS AI inc.
- PhatWare Corporation
- Sciometry LLC
- SinoVoice
For more information about this report visit https://www.researchandmarkets.com/r/pp31o5
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