Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Market Share by Deployment

Cloud-based IDP is expected to hold a significant portion of the global intelligent document processing market share over the forecast period as it provides remote access to the user. Additionally, cloud-based solutions are cost-effective in the long run, hence key market players are working towards offering cloud-based intelligent document processing solutions.

 

Cloud-based systems have allowed users to apply predictive capabilities for the entire organisation. Meanwhile, on-premise IDP is also expected to grow at a steady rate in the forecast period owing to its enhanced security.

 

Market Share by Organisation Size

As per the intelligent document processing market analysis, large enterprises are more likely to adopt intelligent data processing as they receive a huge amount of unstructured or semi-structured data on a regular basis. Hence, there is a growing demand for scalable solutions to process this data accurately and efficiently to reduce operational costs and improve internal workflows.

 

Large organisations need intelligent data processing software to identify patterns in data and develop chatbots and other features to carry out different operations, including making payments, checking account details, and analysing customer feedback.

 

Intelligent Document Processing Market Report Snapshots

Intelligent Document Processing Market Size

Intelligent Document Processing Market Analysis

Intelligent Document Processing Market Share

Intelligent Document Processing Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 4.51 billion.

The market is projected to grow at a CAGR of 34.7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 65.87 billion by 2032.

The major market drivers include the influx of data from various sources and the growing digitisation across various end-use sectors.

The key trends of the market are the growing awareness regarding intelligent document processing software and the incorporation of robotic process automation with IDP software.

The major regional markets for intelligent data processing solutions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various end uses of intelligent document processing are BFSI, healthcare, manufacturing, retail, government and public sector, transportation and logistics, and IT and telecom, among others.

The key players included in the market report are ABBYY Development Inc., Automation Anywhere, Inc., IBM Corporation, HCL Technologies Limited, Kofax Inc., WorkFusion, Inc., Appian Corporation, Datamatics Global Services Limited., and UiPath, among others.

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