Global Intelligent Document Processing Market Segments 2024, Forecast To 2033
5 Mar, 2024
The intelligent document processing market has experienced exponential growth, increasing from $1.75 billion in 2023 to $2.33 billion in 2024, with a 32.9% CAGR. The historic period's growth is attributed to automation demand and cost reduction. Expecting exponential growth, the market is projected to reach $7.14 billion in 2028 with a 32.3% CAGR, driven by industry-specific requirements and enhanced data security measures.
Global Intelligent Document Processing Market Key Driver
Intelligent document processing market growth is attributed to the growing number of IoT-connected devices. Broadband IoT connections reached 1.3 billion in 2022, with North East Asia leading. The increasing number of IoT-connected devices drives the intelligent document processing market, according to Ericsson's report.
Get A Free Sample Of The Global Intelligent Document Processing Market ReportGlobal Intelligent Document Processing Market Segments
The intelligent document processing market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Model: Cloud, On Premise
3) By Technology: Natural Language Processing (NLP), Optical Character Recognition (OCR), Robotic Process Automation (RPA), Google Vision, Deep Learning (DL), Machine Learning (ML), Artificial Intelligence (AI)
4) By Organization Size: SMEs (Small And Medium Enterprises), Large Enterprises
5) By End Use Vertical: Banking, Finance Services, And Insurance (BFSI), Government, Healthcare, Retail, Manufacturing, Other End Use Verticals
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the intelligent document processing market in 2023. The regions covered in the intelligent document processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Intelligent Document Processing Industry Players
ABBYY Solutions Ltd.; Datamatics Technologies Ltd.; HCL Technologies Limited; International Business Machines Corporation; Kofax Inc.; WorkFusion Inc.; Deloitte Touche Tohmatsu Limited; Hyland Software Inc.; Infrrd Inc.; Appian Corporation; Parascript LLC; Open Text Corporation; Extract Systems; Automation Anywhere Inc.; UiPath Inc.; Antworks Solutions India Private Limited; Hyperscience; Paanini Innovations India Private Limited; EdgeVerve; Adobe Systems Inc.; Kodak Alaris; Ephesoft Inc.; Rossum Corporation; Celonis SE; Kryon Systems; Docsumo; Docparser; DocuPhase; DocStar; DocuWare
Get The Full Global Intelligent Document Processing Market ReportAIOps Intelligent Document Processing Market Overview
Intelligent document processing (IDP) refers to the document-centric automation of data extraction from complex unstructured and semi-structured data and converting it into structured, usable information. It uses different technologies to classify, categorize, extract relevant data, and validate the extracted data for improved accuracy.
Intelligent Document Processing Global Market Report 2023 provides data on the global intelligent document processing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The intelligent document processing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.