Intelligent Enterprise Data Capture Software Market in Korea – Trends & Forecast 2023-2033

An In-depth Analysis of Intelligent Enterprise Data Capture Software in Korea from (2023 to 2033)

Sales of intelligent enterprise data capture software are estimated to be USD 399.7 million in 2023. Intelligent enterprise data capture software is expected to progress at a stellar rate in Korea, with a CAGR of 16.9% for the period from 2023 to 2033.

The increasing inclination of consumers in Korea toward digital solutions is driving this demand. By 2033, the intelligent enterprise data capture software sales are projected to have escalated to USD 1,898.8 million.

Key Insights for Intelligent Enterprise Data Capture Software in Korea

• The infusion of various advanced technologies like optical character recognition (OCR) and robotic process automation (RPA) into intelligent enterprise data capture software is encouraging consumers in Korea. The capabilities of this software product are ever-increasing and consumers in Korea are responding positively to new developments.
• Traditional manual methods of data capture are progressively falling out of favor in Korea due to their time and labor-intensive nature. As a result, consumers in Korea are increasingly turning to intelligent enterprise data capture software.
• The intelligent data capture software is producing results that are endearing it to consumers in Korea. It offers precision in results, while also saving time and effort, factors that are greatly appreciated by consumers in this country.

Attributes	Details
Industry size for Korea in 2023	USD 399.7 million
Expected Industry Size for Korea by 2033	USD 1,898.8 million
Forecasted CAGR between 2023 to 2033	16.9%

Key Trends for Intelligent Enterprise Data Capture Software in Korea

• Cloud-based intelligent enterprise data capture software is seeing greater demand in Korea. It offers flexibility and more space to organizations. Mobile applications with intelligent enterprise data capture software are also gaining visibility in Korea.
• Increasing adoption of data management and data support systems is seen across the Korea’s digital space. The populace in this country is exploring innovative ways of data management. Thus, intelligent enterprise data capture software is gaining a foothold in the country.
• The scope of intelligent enterprise data capture software is not limited to large organizations. Medium-scale and small-scale enterprises in Korea too are also making use of the software product to illuminate data analysis.
• Intelligent enterprise data capture software is undergoing a revolution with the help of AI. AI-infused intelligent enterprise data capture software is further easing the task of data analysis for consumers in Korea.
• Intelligent enterprise data capture software often comes bundled with other data applications like Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). The bundled series of software applications is proving to be a hit in Korea.

Category-wise Insights

Customers Prefer Having Control of the Software

Customers in Korea are looking for intelligent enterprise data capture software that is easily accessible. In 2023, software accounts for 65.5% of the industry share by product type.

Demand for Intelligent Enterprise Data Capture Software in Korea Based on Product Type	Software
Industry Share in 2023	65.5%

Training and consulting services for intelligent enterprise data capture software are available in Korea. However, customers here show a preference for purchasing the complete software package. By having full-time access to the software, organizations can refer to it at short notice to glean data insights.

Intelligent Enterprise Data Capture Software is Rapidly Deployed for Sale Services

The sales category lead the line of business segment for intelligent enterprise data capture software. As of 2023, sales hold 27.3% of the industry share by line of business.

Demand for Intelligent Enterprise Data Capture Software in Korea Based on Line of Business	Sales
Industry Share in 2023	27.3%

In modern sales fields, there is an increasing need for data to identify and target consumers. This is why enterprises and individuals in the sales sector are utilizing intelligent enterprise data capture software. Enterprises in the sales field are quickly adopting this technology across Korea.

Competitive Landscape

The expanding software landscape in Korea is fostering the growth of numerous local companies. However, multinational giants also have a significant presence in the country, dominating a considerable portion of the consumer base.

Local startups in Korea are actively seeking foreign investments to align with their ambitious goals. Korea-based companies are keen on expanding beyond the borders of the country and exploring new regions.

Recent Developments Observed in Intelligent Enterprise Data Capture Software in Korea

• In September 2023, the Korean giant Solis-IDC announced plans for a data center in India. The investment involved in the center is substantial, totaling USD 2 million.
• In May 2023, Chequer Inc. received funding from the Korea Credit Guarantee Fund (KODIT). Chequer Inc. has developed QueryPie, a data management system specializing in cloud-based solutions for enterprises.

Some of the Key Players with Intelligent Enterprise Data Capture Software in Korea

• ABBYY
• Adobe
• Ephesoft
• Artsyl Technologies
• CAPSYS Technologies
• Oracle Corporation
• SAP SE
• Open Text Corporation
• Hyland Software, Inc.
• BOX
• M-Files Inc.
• Kofax
• Nuance Communications
• Solis-IDC
• Chequer Inc.

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	USD 399.7 million
Projected Industry Size in 2033	USD 1,898.8 million
Anticipated CAGR between 2023 to 2033	16.9% CAGR
Historical Analysis of Demand for Intelligent Enterprise Data Capture Software in Korea	2018 to 2022
Demand Forecast for Intelligent Enterprise Data Capture Software in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Key Insights for Intelligent Enterprise Data Capture Software in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Cities Profiled	South Gyeongsang, North Jeolla, South Jeolla, Jeju
Key Companies Profiled	ABBYY; Adobe; Ephesoft; Artsyl Technologies; CAPSYS Technologies; Oracle Corporation; SAP SE; Open Text Corporation; Hyland Software, Inc.; BOX; M-Files Inc., Kofax; Nuance Communications; Solis-IDC; Chequer Inc.

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
• 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
  • 5.1. Software
  • 5.2. Services
• 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Deployment
  • 6.1. On-premise
  • 6.2. SaaS & PaaS
  • 6.3. Hybrid
• 7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Line of Business
  • 7.1. Finance
  • 7.2. Sales
  • 7.3. Human Resource
  • 7.4. Marketing
  • 7.5. Legal
• 8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Industries
  • 8.1. BFSI
  • 8.2. Healthcare
  • 8.3. Media & Entertainment
  • 8.4. Education
  • 8.5. Professional Services
  • 8.6. Construction
  • 8.7. Retail
  • 8.8. Government
  • 8.9. Manufacturing
  • 8.10. Others
• 9. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 9.1. South Gyeongsang
  • 9.2. North Jeolla
  • 9.3. South Jeolla
  • 9.4. Jeju
  • 9.5. Rest of Korea
• 10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 14. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 15. Market Structure Analysis
• 16. Competition Analysis
  • 16.1. ABBYY
  • 16.2. Adobe
  • 16.3. Ephesoft
  • 16.4. Artsyl Technologies
  • 16.5. CAPSYS Technologies
  • 16.6. Oracle Corporation
  • 16.7. SAP SE
  • 16.8. Open Text Corporation
  • 16.9. Hyland Software, Inc.
  • 16.10. BOX
  • 16.11. M-Files Inc.
  • 16.12. Kofax
  • 16.13. Nuance Communications
• 17. Assumptions & Acronyms Used
• 18. Research Methodology