Handwriting Recognition (HWR) Market 2017 to 2025 – Size, Share, Analysis, Trends and Forecast By Acute Market Reports

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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.

 

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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.

 

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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

 

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Table of Content:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
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

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Handwriting Recognition (HWR) Market
2.2 Global Handwriting Recognition Market, By Type
2.3 Global Handwriting Recognition Market, By Application
2.4 Global Handwriting Recognition Market, By Geography

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Handwriting Recognition (HWR) Market Revenue and Growth, 2015 – 2025, (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, 2015 – 2025, (US$ Mn)
4.3 Offline Handwriting Recognition
4.3.1 Global Offline Handwriting Recognition (HWR) Market Revenue and Growth, 2015 – 2025, (US$ Mn)

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