icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research icrowd research

What is Intelligent Document Processing (IDP)? Industry Statistics by Market Research Future

Apr 11, 2024 8:00 AM ET

What is Intelligent Document Processing (IDP)? Industry Statistics by Market Research Future

The Evolution of Intelligent Document Processing: Market Overview and Key Insights

In today’s digital age, the demand for efficient document processing solutions has reached new heights. Intelligent Document Processing (IDP) has emerged as a game-changer, revolutionizing the way organizations handle their documents. This article provides an in-depth exploration of the Intelligent Document Processing market, including its market overview, key market segments, industry latest news, key companies, market drivers, and regional insights. The Intelligent Document Processing market industry is projected to grow from USD 1,465.6 million in 2022 to USD 14,789.7 million by 2030, exhibiting a compound annual growth rate (CAGR) of 33.5% during the forecast period (2022 – 2030)

Request To Free Sample of This Strategic Report –

Market Overview

The Intelligent Document Processing market is experiencing rapid growth, fueled by the increasing need for automated document processing solutions across various industries. IDP leverages advanced technologies such as artificial intelligence (AI), machine learning, and natural language processing to streamline the extraction, classification, and validation of data from unstructured documents. This transformative approach has positioned IDP as a critical tool for organizations seeking to enhance operational efficiency, reduce manual errors, and unlock valuable insights from their data.

Key Market Segments

The IDP market encompasses a wide range of segments, catering to the diverse needs of industries such as finance, healthcare, legal, insurance, and more. Within these segments, key areas of focus include data extraction, document classification, data validation, and integration with existing systems. As organizations strive to digitize their operations, the demand for IDP solutions tailored to specific industry requirements continues to grow, driving innovation and specialization within the market.

Buy Now Premium Research Report – Get Comprehensive Market Insights.

Industry Latest News

Recent developments in the IDP market have highlighted the ongoing advancements in AI-powered document processing technologies. Industry players have been investing heavily in research and development to enhance the accuracy and scalability of IDP solutions. Furthermore, collaborations between IDP providers and industry leaders have led to the development of integrated platforms that offer end-to-end document processing capabilities, setting new benchmarks for efficiency and accuracy.

Browse In-depth Market Research Report (99 Pages, Charts, Tables, Figures) on is Intelligent Document Processing Market –

Key Companies

The IDP market is characterized by a dynamic landscape of solution providers, each offering unique value propositions and specialized capabilities, Automation Anywhere, and Kofax, among others. These companies have been at the forefront of driving innovation in IDP, leveraging cutting-edge technologies to deliver comprehensive document processing solutions that empower organizations to unlock the full potential of their data.

Market Drivers Several factors are driving the growth of the Intelligent Document Processing market. The increasing volume of unstructured data, coupled with the need for streamlined document processing, has propelled organizations to adopt IDP solutions to gain a competitive edge. Furthermore, the shift towards digital transformation and the rising demand for intelligent automation across industries have amplified the importance of IDP in driving operational efficiency and accelerating business processes.

  • IBM (United States)
  • Kofax (United States)
  • WorkFusion (United States)
  • ABBYY (United States)
  • Automation Anywhere (United States)
  • Appian (United States)
  • UiPath (United States)
  • Datamatics (India)
  • Deloitte (United Kingdom)
  • AntWorks (Singapore)
  • OpenText (Canada)
  • Celaton (United Kingdom)
  • HCL Technologies (India)
  • Kodak Alaris (United Kingdom)

Ask for Customization –

Regional Insights

The adoption of Intelligent Document Processing varies across regions, with North America and Europe emerging as key markets for IDP solutions. These regions have witnessed significant investments in AI and machine learning technologies, fostering a conducive environment for the growth of the IDP market. Additionally, Asia-Pacific is poised for substantial growth, driven by the rapid digitization of businesses and the increasing awareness of the benefits of IDP in improving productivity and compliance.

In conclusion, the Intelligent Document Processing market is set to witness continued expansion as organizations recognize the transformative potential of IDP in streamlining document processing workflows and extracting actionable insights from unstructured data. With advancements in AI and machine learning, coupled with the evolving needs of industries, the IDP market is poised for sustained innovation and growth, ushering in a new era of efficient and intelligent document processing solutions.

Explore MRFR’s Related Ongoing Coverage In ICT Domain:

Talent Management Software Market –

Crypto ATM Market –

Application Security Market –

Global Telecom Tower Power System Market –

Mobile Mapping Market –

Security Advisory Services Market –

Human Capital Management (HCM) Software Market –

Building Information Modelling (BIM) Market –

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Tags: , , , ,

See Campaign:

Contact Information:

Contact Us: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: [email protected] Website:


Research Newswire, English