Intelligent Document Processing Market

Intelligent Document Processing Market worth $5.2 billion by 2027

According to a research report "Intelligent Document Processing Market by Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Organization Size, Technology, Vertical (BFSI, Government, Healthcare and Life Sciences) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global Intelligent Document Processing market size is expected to grow from USD 1.1 billion in 2022 to USD 5.2 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 37.5% during the forecast period. The major factors driving the growth of the Intelligent Document Processing market include the shift toward digital transformation, increasing adoption of cloud-based document processing solutions, and rising need for enterprises to process large volumes of semi-structured and unstructured documents with greater accuracy and speed.

Browse 293 market data Tables and 43 Figures spread through 270 Pages and in-depth TOC on "Intelligent Document Processing Market by Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Organization Size, Technology, Vertical (BFSI, Government, Healthcare and Life Sciences) and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/intelligent-document-processing-market-195513136.html

Based on component, the solution segment is projected to hold the largest market size during the forecast period

Intelligent document processing solutions help transform unstructured and semi-structured information into usable data. The growing need to automate the documentation process is expected to drive the adoption of intelligent document processing solutions. Organizations can significantly reduce the time and cost needed to model and implement business processes, services, and applications with Intelligent document processing solutions. The rising need for streamlining business flows, adapting intelligent processes, and continuously improving workflows to become more responsive to customers’ dynamic requirements is driviibg the adiption of intelligent document processing solutions.

Based on deployment, the cloud segment is expected the segment to grow at a higher CAGR during the forecast period

The cloud-based deployment mode allows users to access intelligent document processing solutions from anywhere or from any device, such as Personal Computers (PCs), laptops, and mobiles. Implementing cloud-based intelligent document processing solutions help SMEs and large enterprises focus on their core competencies rather than IT processes. The cloud-based deployment of intelligent document processing has made it easy for users to apply predictive capabilities to the entire organization Large-scale offerings of intelligent document processing solutions through the cloud model would increase customer reliance on such solutions and enhance their penetration across SMEs.

Based on organization size, the large enterprises segment is expected to hold the highest market size during the forecast period

Organizations with more than 1,000 employees are categorized as large enterprises. The demand for intelligent document processing among large enterprises is higher than among SMEs. This is due to the affordability and high economies at stake that enables organizations to adopt intelligent document processing. Companies spend a significant amount to adopt intelligent tactical techniques. Large enterprises are the leading adopters of intelligent document processing solutions and services due the rising need for operational efficiency drives the demand for intelligent document processing solutions among large enterprises.

APAC is expected to grow at a higher CAGR during the forecast period

The Intelligent document processing market has been segmented into five regions: North America, Europe, the Asia Pacific, the Middle East & Africa, and Latin America. Due to growing technology adoption APAC is expected to register the highest CAGR in the intelligent document processing market during the forecast period.In APAC, China, Japan, and India are expected to drive the overall market. Rapid economic development, globalization, digitalization, and increased adoption of cloud-based technologies are other key factors driving the growth of the intelligent document processing market in this region. Further, banking industry in APAC countries is continuously investing in cutting-edge solutions to enhance customers’ banking experience. This will drive the adoption of intelligent document processing solutions and services in APAC.

Major vendors operating in the intelligent document processing vendors include ABBY (US), IBM (US), Kofax (US), WorkFusion (US), Automation Anywhere (US), Appian (US), UiPath (US), Datamatics (India), Deloitte (England), AntWorks (Singapore), Parascript (US), HyperScience (US), OpenText (Canada), Hyland (US), Extract Systems (US), Infrrd (US), Celaton (UK), HCL Technologies (India), Kodak Alaris (UK), Rossum (UK), InData Labs (Belarus), Ephesoft (US), IRIS (Europe), Evolution AI (England), BIS (US), and AmyGB (India), Acodis (Switzerland), Ocrolus (US), Hive (California), Hypatos (Germany), and IN-D (Singapore).

Don’t miss out on business opportunities in Intelligent Document Processing Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Intelligent Document Processing Market Size,  Share & Growth Report
Report Code
TC 7911
PR Published ON
8/26/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Intelligent Document Processing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home