Tesseract is probably the most accurate open source OCR engine available. Combined with the Leptonica Image Processing Library it can read a wide variety of image formats and convert them to text in over 60 languages. It was one of the top 3 engines in the 1995 UNLV Accuracy test. Between 1995 and 2006 it had little work done on it, but since then it has been improved extensively by Google. It is released under the Apache License 2.0.
https://code.google.com/p/tesseract-ocr/

The library supports many operations that are useful on

Document images
Natural images

Fundamental image processing and image analysis operations

Rasterop (aka bitblt)
Affine transforms (scaling, translation, rotation, shear) on images of arbitrary pixel depth
Projective and bilinear transforms
Binary and grayscale morphology, rank order filters, and convolution
Seedfill and connected components
Image transformations with changes in pixel depth, both at the same scale and with scale change
Pixelwise masking, blending, enhancement, arithmetic ops, etc.

Ancillary utilities

I/O for standard image formats (jpg, png, tiff, bmp, pnm, gif, ps, pdf, webp)
Utilities to handle arrays of image-related data types (e.g., pixa, boxa, pta)
Utilities for stacks, generic arrays, queues, heaps, lists; number and string arrays; etc.

Examples of some applications enabled and implemented

Octcube-based color quantization (w/ and w/out dithering)
Modified median cut color quantization (w/ and w/out dithering)
Skew determination of text images
Adaptive normalization and binarization
Segmentation of page images with mixed text and images
Location of baselines and local skew determination
jbig2 unsupervised classifier
Border representations of 1 bpp images and raster conversion for SVG
Postscript generation (levels 1, 2 and 3) of images for device-independent output
PDF generation (G4, DCT, FLATE) of images for device-independent output
Connectivity-preserving thinning and thickening of 1 bpp images
Image warping (captcha, stereoscopic)
Image dewarping based on content (textlines)
Watershed transform
Greedy splitting of components into rectangles
Location of largest fg or bg rectangles in 1 bpp images
Search for least-cost paths on binary and grayscale images
Barcode reader for 1D barcodes (very early version as of 1.55)

Implementation characteristics

Efficient: image data is packed binary (into 32-bit words); operations on 32-bit data whenever possible
Simple: small number of data structures; simplest implementations provided that are efficient
Consistent: data allocated on the heap with simple ownership rules; function names usually begin with primary data structure (e.g., pix); simple code patterns throughout
Robust: all ptr args checked; extensive use of accessors; exit not permitted
Tested: thorough regression tests provided for most basic functions; valgrind tested
Ansi C: automatically generated prototype header file
Portable: endian-independent; builds in linux, osx, mingw, cygwin, windows
Nearly thread-safe: ref counting on some structs
Documentation: large number of in-line comments; web pages for further background
Examples: many programs provided to test and show usage of approx. 2200 functions in the library

Version 6.3
updated to the latest Tesseract revision
added Delphi/C++ Builder 10 files