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Intelligent Document Processing Market

Global Intelligent Document Processing Market Size, Forecast: By Component: Solution, Services; By Organisation Size: Small and Medium Sized Enterprises (SMEs), Large Size Enterprises; By Deployment: Cloud, On-premise; By Technology: Natural Language Processing, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Intelligent Document Processing Market Outlook

The global intelligent document processing market size reached approximately USD 4.51 billion in 2023. The market is estimated to grow at a CAGR of 34.7% between 2024 and 2032, reaching a value of nearly USD 65.87 billion by 2032.

 

Key Trends in the Market

Intelligent document processing (IDP) is an advanced AI-enabled technology used by organisations to digitise and automate their unstructured data from various sources, including business documents, emails, images, and PDF documents. IDP uses various technologies to scan through these documents, identify crucial pieces of information, and then contextualise the data before presenting it to the user.

 

  • The growing digitisation in sectors worldwide to improve operational efficiency and generate revenue drives the global intelligent document processing market demand. The rising demand for cost-effective document-processing software from various sectors, including BFSI, healthcare, and life sciences, to gather crucial business insights and formulate strategies for the future also assists the market growth.
  • The influx of unstructured and semi-structured data in organisations is driving the intelligent document processing market growth. The growing complexity of data and the need to process it accurately and quickly are boosting the adoption of this software. Incorporating robotic process automation (RPA) with IDP involves extracting unstructured data and structuring information from it, which allows businesses to automate the whole process, aiding the market growth.
  • One of the significant intelligent document processing market trends include the growing emphasis by organisations on providing an enhanced customer experience, improving operational efficiency, and introducing customisation to improve their operational efficiency. IDP software can auto-classify, categorise, and crop documents to facilitate data extraction. The intelligent character recognition software can easily identify glyphs and other textual elements, resulting in a more in-depth analysis.

 

Market Analysis

Based on component, the intelligent document processing market segmentation includes solution and services. On the basis of organisation size, the market can be bifurcated into small and medium sized enterprises (SMEs) and large size enterprises. Based on deployment, the market is segregated into cloud and on-premise. On the basis of technology, the market is divided into natural language processing, optical character recognition, machine learning, and artificial intelligence, among others.

 

Based on end use, the intelligent document processing market is segmented into BFSI, healthcare, manufacturing, retail, government and public sector, transportation and logistics, and IT and telecom, among others. The major regional markets for intelligent document processing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global intelligent document processing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • ABBYY Development Inc.  
  • Automation Anywhere, Inc.  
  • IBM Corporation 
  • HCL Technologies Limited  
  • Kofax Inc.  
  • WorkFusion, Inc.  
  • Appian Corporation  
  • Datamatics Global Services Limited.  
  • UiPath 
  • Others

 

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.

 

Competitive Landscape

ABBYY Development Inc. is an American digital intelligence company that is headquartered in California. The company was started in 1989 and specialises in developing solutions for intelligent document processing, data capture, process intelligence, and optical character recognition.

 

Automation Anywhere, Inc. is an American software development company that began operations in 2003. Headquartered in California, the company develops robotic process automation software. The company was originally founded as Tethys Solution and was later rebranded as Automation Anywhere.

 

IBM Corporation, founded in 1911, is an American multinational technology corporation that is headquartered in New York. The company deals in over 175 countries and specialises in computer hardware, middleware, and software. IBM intelligent document processing software combines AI with deep learning and low code technology to extract information quickly, easily, and accurately.

 

Other market players included in the global intelligent document processing market report are HCL Technologies Limited, Kofax Inc., WorkFusion, Inc., Appian Corporation, Datamatics Global Services Limited., and UiPath, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Organisation Size
  • Deployment
  • Technology
  • End Use
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Organisation Size
  • Small and Medium Sized Enterprises (SMEs)
  • Large Size Enterprises
Breakup by Deployment
  • Cloud
  • On-premise
Breakup by Technology
  • Natural Language Processing
  • Optical Character Recognition
  • Machine Learning
  • Artificial Intelligence
  • Others
Breakup by End Use
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government and Public Sector
  • Transportation and Logistics
  • IT and Telecom
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ABBYY Development Inc.  
  • Automation Anywhere, Inc.  
  • IBM Corporation 
  • HCL Technologies Limited  
  • Kofax Inc.  
  • WorkFusion, Inc.  
  • Appian Corporation  
  • Datamatics Global Services Limited.  
  • UiPath 
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Intelligent Document Processing Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Intelligent Document Processing Historical Market (2018-2023) 
    8.3    Global Intelligent Document Processing Market Forecast (2024-2032)
    8.4    Global Intelligent Document Processing Market by Component
        8.4.1    Solution
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Intelligent Document Processing Market by Organisation Size
        8.5.1    Small and Medium Sized Enterprises (SMEs)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Large Size Enterprises
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Intelligent Document Processing Market by Deployment 
        8.6.1    Cloud
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    On-premise
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Intelligent Document Processing Market by Technology
        8.7.1    Natural Language Processing
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Optical Character Recognition
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Machine Learning
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Artificial Intelligence
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Intelligent Document Processing Market by End Use
        8.8.1    BFSI
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Healthcare
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Manufacturing
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Retail
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Government and Public Sector
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Transportation and Logistics
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
        8.8.7    IT and Telecom
            8.8.7.1    Historical Trend (2018-2023)
            8.8.7.2    Forecast Trend (2024-2032)
        8.8.8    Others
    8.9    Global Intelligent Document Processing Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Intelligent Document Processing Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Intelligent Document Processing Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Intelligent Document Processing Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Intelligent Document Processing Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Intelligent Document Processing Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ABBYY Development Inc. 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Automation Anywhere, Inc. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    IBM Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    HCL Technologies Limited 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Kofax Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    WorkFusion, Inc. 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Appian Corporation 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Datamatics Global Services Limited. 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    UiPath
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Intelligent Document Processing Market: Key Industry Highlights, 2018 and 2032
2.    Global Intelligent Document Processing Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Intelligent Document Processing Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Intelligent Document Processing Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
5.    Global Intelligent Document Processing Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
6.    Global Intelligent Document Processing Historical Market: Breakup by Deployment (USD Billion), 2018-2023
7.    Global Intelligent Document Processing Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
8.    Global Intelligent Document Processing Historical Market: Breakup by Technology (USD Billion), 2018-2023
9.    Global Intelligent Document Processing Market Forecast: Breakup by Technology (USD Billion), 2024-2032
10.    Global Intelligent Document Processing Historical Market: Breakup by End Use (USD Billion), 2018-2023
11.    Global Intelligent Document Processing Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12.    Global Intelligent Document Processing Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Intelligent Document Processing Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Intelligent Document Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Intelligent Document Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Intelligent Document Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Intelligent Document Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Intelligent Document Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Intelligent Document Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Intelligent Document Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Intelligent Document Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Intelligent Document Processing Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Intelligent Document Processing Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Intelligent Document Processing Market Structure

Key Questions Answered in the Report

What was the global intelligent document processing market size in 2023?

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

What is the growth rate of the global intelligent document processing market?

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

What is the forecast outlook of the intelligent document processing market for 2024-2032?

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.

What are the major market drivers?

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

What are the key trends of the market?

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.

What are the major regional markets of intelligent document processing, according to the EMR report?

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

What are the various end uses of intelligent document processing?

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.

Who are the key market players, according to the global intelligent document processing market report?

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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Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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