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Handwriting Recognition (HWR) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 119 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5724513
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

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?


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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

List of Figures
Figure 1 Global Handwriting Recognition (HWR) Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Handwriting Recognition (HWR) Market: Quality Assurance
Figure 5 Global Handwriting Recognition (HWR) Market, By Type, 2021
Figure 6 Global Handwriting Recognition (HWR) Market, By Application, 2021
Figure 7 Global Handwriting Recognition (HWR) Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Handwriting Recognition (HWR) Market, 2021
Figure 9 Market Positioning of Key Handwriting Recognition (HWR) Market Players, 2021
Figure 10 Global Handwriting Recognition (HWR) Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Handwriting Recognition (HWR) Market, By Type, 2021 Vs 2030, %
Figure 12 Global Handwriting Recognition (HWR) Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 14 Canada Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 16 UK Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 17 Germany Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 18 Spain Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 19 Italy Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 20 France Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 22 China Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 23 Japan Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 24 India Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 25 Australia Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 26 South Korea Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 28 Brazil Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 29 Mexico Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 31 GCC Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 32 Africa Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Handwriting Recognition (HWR) Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 2 Global Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 3 North America Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 4 North America Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 5 U.S. Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 6 U.S. Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 7 Canada Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 8 Canada Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 10 Rest of North America Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 12 UK and European Union Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 13 UK Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 14 UK Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 15 Germany Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 16 Germany Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 17 Spain Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 18 Spain Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 19 Italy Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 20 Italy Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 21 France Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 22 France Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 24 Rest of Europe Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 25 Asia Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 26 Asia Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 27 China Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 28 China Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 29 Japan Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 30 Japan Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 31 India Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 32 India Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 33 Australia Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 34 Australia Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 35 South Korea Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 36 South Korea Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 37 Latin America Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 38 Latin America Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 39 Brazil Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 40 Brazil Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 41 Mexico Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 42 Mexico Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 44 Rest of Latin America Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 46 Middle East and Africa Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 47 GCC Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 48 GCC Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 49 Africa Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 50 Africa Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Handwriting Recognition (HWR) Market By Type, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Handwriting Recognition (HWR) Market By Application, 2020-2030, USD (Million)

Companies Mentioned

  • MyScript
  • Hanwang Technology Co. Ltd.
  • Nuance Communications Inc.
  • Paragon Software Group
  • SELVAS AI Inc.
  • PhatWare Corporation
  • Sciometrics LLC
  • SinoVoice