Intelligent Document Processing Market Research Report- Forecast till 2027

 Market Highlights

According to Market Research Future, the global intelligent document processing market has been segmented into component, deployment mode, technology, organization size, vertical, and region/country. The intelligent document processing market size is expected to register an exponential CAGR of 35.4% from 2021 to 2027 and reach USD 6,785.2million by 2027.

Intelligent document processing solutions transform unstructured and semi-structured information into usable data. Organization data is at the heart of digital transformation; unfortunately, 80 percent of all organization data is embedded in unstructured formats like business documents, emails, images, and PDF documents. Intelligent document processing (IDP) is the next generation of automation, capturing, extracting, and processing data from a range of document formats. It uses artificial intelligence technologies such as natural language processing (NLP), deep learning, computer vision, and machine learning (ML) to classify, categorize, and extract appropriate information and validate the extracted data.

Access full report @ https://www.marketresearchfuture.com/reports/intelligent-document-processing-market-10629

Regional Analysis

The global intelligent document processing market is expected to gain significant revenue from the various continents during the projected period. The geographic analysis of the global intelligent document processing market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is further classified into the US, Canada, and Mexico. Europe is further classified into the UK, Germany, France, and the Rest of Europe. Asia-Pacific (APAC) is further segmented into China, Japan, India, and the Rest of Asia-Pacific.North America holds the leading share within the market; this can be attributed to the rapid adoption in the various industry verticals and the rise in IT spending.Europe holds the second position in the global market in terms of revenue. The UK, Germany, and France are the major growth engines of the market.APAC is expected to grow with the fastest CAGR rate during the forecast period. The region has seen a rapid boom in market growth due to increased automation across industry verticals.

Key Players

IBM (US), Kofax (US), WorkFusion (US), ABBYY (US), Automation Anywhere (US), Appian (US), UiPath (US), Datamatics (India), Deloitte (UK), AntWorks (Singapore), OpenText (Canada), Celaton (UK), HCL Technologies (India), and Kodak Alaris (UK) are the key companies of the global intelligent document processing market.

Intelligent Document Processing Market Research Report: Information by Component (Solutions and Services {Professional Services and Managed Services}), Deployment Mode (Cloud-Based and On-Premises), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), Technology (Natural Language Processing (NLP), Optical Character Recognition (OCR), Robotic Process Automation (RPA), Google Vision, Deep Learning (DL), Machine Learning (ML), and Artificial Intelligence (AI)), Vertical (BFSI, Government & Public Sector, Retail and E-commerce, Manufacturing, Healthcare and Life Sciences, Transportation & Logistics, and Others), and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) - Global Market Outlook to 2027

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.

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