Australia Intelligent Document Processing Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2025-2034)

Australia Intelligent Document Processing Market Growth

In 2024, Australian business’ spending on AI tools and processes reached USD 3.5 billion, thereby recording a year-on-year growth of 20%. Companies in healthcare and the financial services sector spent the most out of all industries to improve patient outcomes and enhance fraud detection capabilities. Based on industry reports, around 48% of businesses reported positive returns from AI use within the first 12 months. This is creating a favourable Australia intelligent document processing market outlook.

As the Australian government introduces new programs for advancing women empowerment and employment opportunities for everyone, major market players are expected to use low-code tools and AI solutions for creating simple and suitable document processing solutions. This can enable the government to increase program enrolment and reduce cost of implementing national schemes.

Small and medium size enterprises are expected to constitute a major portion of the Australia intelligent document processing market share. Based on industrial analysis, renowned firms have already made substantial investments into automating manual processes to improve workplace flexibility and ensure a secure environment for remote work. Intelligent document processing has enabled Australian businesses to reduce the costs of processing expense reports by 98% and improve employee productivity by nearly 30%. Thus, the increasing need for business agility and scalability is prompting SMEs to adopt a smarter approach, thereby facilitating the Australia intelligent document processing market development.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

Australia Intelligent Document Processing Market Trends

Growth of healthcare industry

Nearly 80% of all Australian hospitals still handle critical information like doctor’s referrals, patient reports, and lab results through archaic fax machines. These machines take up 10-15 minutes of time per document for hospital staff and enhances the burden of administrative tasks. However, with intelligent document processing technologies such as generative AI, healthcare professionals can process essential communications in an average time of 35-36 seconds and improve healthcare delivery services for patients. This is facilitating the Australia intelligent document processing market expansion.

Emergence of deep learning technology

Deep learning algorithms can easily identify unique contextual patterns in an unstructured document and apply it to new things, thereby shortening the document collection process and ensuring time and cost savings. For instance, deep learning algorithms can familiarise themselves with a basic invoice and need no further training for recognising tax forms. This has made them exceedingly popular among both small and medium size, and large enterprises.

Australia Intelligent Document Processing Industry Segmentation

Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Australia Intelligent Document Processing Market Share

Based on region, the market is segmented into New South Wales, Victoria, Queensland, Australian Capital Territory, and Western Australia, among others. Western Australia is projected to dominate the market, representing 16.1% of the overall market share. Over the forecast period of 2025-2034, the demand for IDP in Queensland and Victoria is expected to grow at a CAGR of 32.7% and 30.7% respectively, aided by the increasing integration of AI into document processing solutions and the shift towards automation of manual tasks in corporate organisations.

Based on component, the market is segmented into services and solutions. Over the forecast period of 2025-2034, the demand for intelligent document processing services is expected to grow at a CAGR of 31.6% as companies focus on outsourcing non-essential business processes.

Leading Companies in the Australia Intelligent Document Processing Market

Major market players are focusing on developing new AI-driven automation solutions for industries like finance, healthcare, and government. They are enhancing capabilities in optical character recognition (OCR), natural language processing (NLP) to expand their Australia intelligent document processing market share and integrating their solutions with enterprise systems to improve document workflows, reduce manual efforts, and increase operational efficiency.

Tungsten Automation Corporation

Tungsten Automation (formerly known as Kofax Inc.) was founded in 1985 and is headquartered in California, United States. It is engaged in offering intelligent workflow automation solutions to over 25,000 customers worldwide.

Automation Anywhere, Inc.

Automation Anywhere, Inc. was founded in 2003 and is headquartered in California, United States. It ...

Hyland Software, Inc.

Hyland Software, Inc. was founded in 1991 and is headquartered in Ohio, United States. It specialise...

OpenText Corp.

OpenText Corp. was founded in 1991 and is headquartered in Ontario, Canada. It specialises in provid...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the Australia intelligent document processing market report are ABBY Solutions Pty Ltd., Roboyo Group Ltd., Definiti, and UiPath, Inc., among others.