Product Code: 137636-08-22
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 comprises hardware as well as software components. In the case of online handwriting recognition, software plays a prime role in recognizing text written on a given device. Offline handwriting recognition comprises hardware devices such as scanning pen and mini-scanner that are used to read the text written on paper. Handwriting recognition technology plays a crucial role in corporate and government enterprises, as it facilitates document preservation and digital storage. The handwriting recognition software based on an algorithm designed to translate different languages and symbols into machine-readable electronic text.
The most prominent factor fueling the market growth is the rising demand from corporate and government enterprises for effective document management. A substantial amount of government and corporate enterprises still rely upon physical documents and files. Additionally, these organizations face significant challenges in preserving old documents and converting them to electronic media. Handwriting recognition is 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 witnessed profound growth over a period of time.
The report titled "Global Handwriting Recognition (HWR) Market- Growth, Future Prospects, and Competitive Analysis, 2022 - 2030" offers strategic insights into the global handwriting recognition (HWR) market along with the market size and estimates for the duration 2020 to 2030. The said research study covers an in-depth analysis of multiple market segments based on type, application, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of handwriting recognition (HWR) solutions, market positioning, and key developments. Some of the major 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 the above-mentioned factors.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Handwriting Recognition (HWR) market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Handwriting Recognition (HWR) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
Online Handwriting Recognition
Offline Handwriting Recognition
Application
Automotive
Education and Literature
Enterprise and Field Services
Healthcare
Others
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Handwriting Recognition (HWR) market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Handwriting Recognition (HWR) market?
Which is the largest regional market for Handwriting Recognition (HWR) market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Handwriting Recognition (HWR) market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Handwriting Recognition (HWR) market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Handwriting Recognition (HWR) Market
- 2.2. Global Handwriting Recognition (HWR) Market, By Type, 2021 (US$ Million)
- 2.3. Global Handwriting Recognition (HWR) Market, By Application, 2021 (US$ Million)
- 2.4. Global Handwriting Recognition (HWR) Market, By Geography, 2021 (US$ Million)
- 2.5. Attractive Investment Proposition by Geography, 2021
3. Handwriting Recognition (HWR) Market: Competitive Analysis
- 3.1. Market Positioning of Key Handwriting Recognition (HWR) Market Vendors
- 3.2. Strategies Adopted by Handwriting Recognition (HWR) Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2021 Versus 2030
4. Handwriting Recognition (HWR) Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Handwriting Recognition (HWR) Market Value, 2020 - 2030, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Online Handwriting Recognition
- 5.3.2. Offline Handwriting Recognition
6. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Automotive
- 6.3.2. Education and Literature
- 6.3.3. Enterprise and Field Services
- 6.3.4. Healthcare
- 6.3.5. Others
7. North America Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 7.3. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 7.4.Handwriting Recognition (HWR) Market: By Region, 2020-2030, USD (Million)
- 7.4.1.North America
- 7.4.1.1. U.S.
- 7.4.1.1.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 7.4.1.1.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 7.4.1.2. Canada
- 7.4.1.2.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 7.4.1.2.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 7.4.1.3. Rest of North America
- 7.4.1.3.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 7.4.1.3.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
8. UK and European Union Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.3. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 8.4.Handwriting Recognition (HWR) Market: By Region, 2020-2030, USD (Million)
- 8.4.1.UK and European Union
- 8.4.1.1. UK
- 8.4.1.1.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.4.1.1.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 8.4.1.2. Germany
- 8.4.1.2.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.4.1.2.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 8.4.1.3. Spain
- 8.4.1.3.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.4.1.3.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 8.4.1.4. Italy
- 8.4.1.4.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.4.1.4.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 8.4.1.5. France
- 8.4.1.5.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.4.1.5.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 8.4.1.6. Rest of Europe
- 8.4.1.6.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 8.4.1.6.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
9. Asia Pacific Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.3. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 9.4.Handwriting Recognition (HWR) Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Asia Pacific
- 9.4.1.1. China
- 9.4.1.1.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.4.1.1.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 9.4.1.2. Japan
- 9.4.1.2.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.4.1.2.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 9.4.1.3. India
- 9.4.1.3.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.4.1.3.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 9.4.1.4. Australia
- 9.4.1.4.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.4.1.4.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 9.4.1.5. South Korea
- 9.4.1.5.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.4.1.5.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 9.4.1.6. Rest of Asia Pacific
- 9.4.1.6.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 9.4.1.6.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
10. Latin America Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 10.3. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 10.4.Handwriting Recognition (HWR) Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Latin America
- 10.4.1.1. Brazil
- 10.4.1.1.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 10.4.1.1.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 10.4.1.2. Mexico
- 10.4.1.2.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 10.4.1.2.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 10.4.1.3. Rest of Latin America
- 10.4.1.3.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 10.4.1.3.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
11. Middle East and Africa Handwriting Recognition (HWR) Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 11.3. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 11.4.Handwriting Recognition (HWR) Market: By Region, 2020-2030, USD (Million)
- 11.4.1.Middle East and Africa
- 11.4.1.1. GCC
- 11.4.1.1.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 11.4.1.1.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 11.4.1.2. Africa
- 11.4.1.2.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 11.4.1.2.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
- 11.4.1.3. Rest of Middle East and Africa
- 11.4.1.3.1. Handwriting Recognition (HWR) Market: By Type, 2020-2030, USD (Million)
- 11.4.1.3.1. Handwriting Recognition (HWR) Market: By Application, 2020-2030, USD (Million)
12. Company Profile
- 12.1. MyScript
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Nuance Communications, Inc.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. SELVAS AI, Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Hanwang Technology Co., Ltd.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Paragon Software Group
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. PhatWare Corporation
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. SinoVoice (Beijing Jietong Huasheng Technology Co., Ltd.)
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Sciometrics, LLC
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives