Handwriting Recognition Market Size

According to a new market research report published by Credence Research “Handwriting Recognition (HWR) Market (By Type – Online and Offline; By Application: Automotive; Education and Literature; Enterprise and Field Services; Healthcare and Others) – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the global handwriting recognition (HWR) market was valued at US$ 1,039.3 Mn in 2016 and is expected to grow at a CAGR of 15.7% during 2017 to 2025.

Market Insights:

The handwriting recognition (HWR) market has been majorly driven by increasing applications in the fields of automotive, education, healthcare and various field services. The technology is designed to read handwritten articles/symbols and convert them to machine-readable text. The market growth is primarily governed by the corporate and government enterprises sector. Document management is one of the major concerns across different enterprises. Handwriting recognition helps in effective digital storage of documents, thereby fueling the market penetration. Additionally, growing application of handwriting recognition in automotive infotainment systems is another major factor fueling the market growth. Expanding application area is expected to provide substantial push to the market growth during the forecast period from 2017 to 2025.

The complete report is available at http://www.credenceresearch.com/report/handwriting-recognition-hwr-market

Competitive Insights:

High competition is experienced among the major players of handwriting recognition (HWR) system. Due to constant technological improvement, advanced software and compatible hardware companies are facing cut-throat competition to remain dominant in the market. The survival of the market leaders does not depend upon the size of the company but on their efforts towards service enhancement so as to address the changing regulations and economic conditions in the global market. The key players of handwriting recognition (HWR) system market include MyScript, Nuance Communications, Inc., SELVAS AI, Inc., Hanwang Technology Co., Ltd., Paragon Software Group, PhatWare Corporation, SinoVoice (Beijing Jietong Huasheng Technology Co. Ltd.), and Sciometrics, LLC.

Key Trends:

  • Increasing adoption in the automotive industry to offer enhanced control over infotainment systems
  • Continued demand for offline handwriting recognition especially in the education and literature end-use segment
  • Companies engaged in inclusion of a wide range of languages to expand their consumer base

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist works straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/

l am Ainsley Lewis and l work with Credence Research Limited is a marketing consulting and research Agency that is focused on the United States market and United Kingdom. We are specialized in primary data collection and offer our clients relevant information’s and advice through the help of adequate research analysis and conclusions.

Author: Ainsley Lewis

Share This Post On

Leave a Reply