Worldwide Industry for Handwriting Recognition to 2028 - Continued Demand from the Corporate Enterprises and Educational Sectors is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Handwriting Recognition (HWR) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering.

The report offers strategic insights into the global handwriting recognition (HWR) market along with the market size and estimates for the duration 2018 to 2028. 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 2019 & 2028. 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 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.

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.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the handwriting recognition industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 - 2019)

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

3.1 Market Overview

3.1.1 Global Handwriting Recognition (HWR) Market Revenue and Growth, 2018 - 2028, (US$ Mn)

3.2 Market Inclination Insights

3.2.1 Growing efforts towards multilingual recognition

3.2.2 Periodic upgrades of handwriting recognition software/apps

3.3 Market Drivers

3.3.1 Continued demand from the corporate enterprises and educational sectors

3.3.2 Growing adoption of handwriting recognition across the automotive industry

3.4 Challenges

3.4.1 Limitations in Handwriting Recognition Algorithms

3.5 See-Saw Analysis

3.5.1 Impact Analysis of Drivers and Restraints

3.6 Competitive Landscape

3.6.1 Market Positioning of Key Handwriting Recognition (HWR) System Providers

3.6.2 Leading player's strategies

Chapter 4 Global Handwriting Recognition (HWR) Market, By Type

4.1 Overview

4.2 Online Handwriting Recognition

4.2.1 Global Online Handwriting Recognition (HWR) Market Revenue and Growth, 2018 - 2028, (US$ Mn)

4.3 Offline Handwriting Recognition

4.3.1 Global Offline Handwriting Recognition (HWR) Market Revenue and Growth, 2018 - 2028, (US$ Mn)

Chapter 5 Global Handwriting Recognition (HWR) Market, By Application

5.1 Overview

5.1.1 Handwriting Recognition (HWR) Market Revenue Share, By Application, 2019 & 2028 (%)

5.2 Automotive

5.2.1 Handwriting Recognition (HWR) Market for Automotive Revenue, 2018 - 2028, (US$ Mn)

5.3 Education and Literature

5.3.1 Handwriting Recognition (HWR) Market for Education and Literature Revenue, 2018 - 2028, (US$ Mn)

5.4 Enterprise and Field Services

5.4.1 Handwriting Recognition (HWR) Market for Enterprise and Field Services Revenue, 2018 - 2028, (US$ Mn)

5.5 Healthcare

5.5.1 Handwriting Recognition (HWR) Market for Healthcare Revenue, 2018 - 2028, (US$ Mn)

5.6 Others

5.6.1 Handwriting Recognition (HWR) Market for Other Applications Revenue, 2018 - 2028, (US$ Mn)

Chapter 6 North America Handwriting Recognition Market Analysis

Chapter 7 Europe Handwriting Recognition Market Analysis

Chapter 8 Asia Pacific Handwriting Recognitions Market Analysis

Chapter 9 Rest of the World Handwriting Recognition Market Analysis

Chapter 10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/hsv8tp