The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

During the forecast period, the growing number of IoT-connected devices is likely to stimulate innovation in intelligent document processing manufacturing, hence driving the market.

The global intelligent document processing market is expected to grow from $1.32 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 32.7%. The global intelligent document processing market size is expected to reach $5.34 billion in 2027 at a CAGR of 32.1%.

Get A Free Sample On The Global Intelligent Document Processing Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9824&type=smp

Global Intelligent Document Processing Market Segments Include:

• By Component: Solution, Services
• By Organization Size: SMEs (Small And Medium Enterprises), Large Enterprises
• By Deployment Model: Cloud, On-Premise
• 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)
• By End Use Vertical: Banking, Finance Services, And Insurance (BFSI), Government, Healthcare, Retail, Manufacturing, Other End Use Verticals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global intelligent document processing market in 2021.

Major Market Players in the intelligent document processing market include ABBYY Solutions Ltd., Datamatics Technologies Ltd., HCL Technologies Limited, International Business Machines Corporation, Kofax Inc., WorkFusion Inc., Deloitte Touche Tohmatsu Limited, Hyland Software Inc.

Technological developments are a common trend in the intelligent document processing market. To maintain their market position, major players in the intelligent document processing industry are implementing new technologies. For example, ABBYY, a US-based digital intelligence company, will unveil Vantage 2 in March 2021. The Vantage 2 platform provides cognitive skills for RPA robots, automation systems, chatbots, and mobile applications, allowing businesses to get insights from documents and material. Vantage 2 can be used by business users in applications like invoice processing, accounts receivable, claims processing, mortgage lending, and client onboarding.

The Intelligent Document Processing Global Market Report 2023  provides a intelligent document processing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032).  The intelligent document processing market forecast analyzes intelligent document processing market size, intelligent document processing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Intelligent document processing (IDP) is the document-centric automation of data extraction and conversion from complex unstructured and semi-structured data into structured, useable information. It employs several technologies to classify, categorise, extract important data, and evaluate the extracted data for greater accuracy.

Explore Similar Reports From The Business Research Company:

Intelligent Virtual Assistant Global Market Report 2023

Document Analytics Global Market Report 2023

Intelligent Building Automation Technologies Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: