Intelligent Document Processing Market Share

Intelligent Document Processing Market Share

ABBYY, UiPath, and Tungsten Automation collectively held a substantial market share of over 20% in the intelligent document processing industry in 2024. ABBYY leverages its expertise in intelligent document processing (IDP) and AI to strengthen its position in the automation market. By integrating its solutions with leading robotic process automation (RPA) platforms, ABBYY enhances automation workflows. Its AI-driven solutions extract actionable insights from unstructured data, enabling higher efficiency and accuracy. The company emphasizes partnerships with RPA leaders like UiPath and Blue Prism, creating a cohesive ecosystem.
 

UiPath delivers end-to-end automation through its AI-powered RPA platform. The company regularly introduces advanced features such as AI-driven task mining, automation analytics, and low-code development. UiPath targets a broad customer base with a comprehensive ecosystem that includes tools for discovery, automation, and deployment. Its strategy involves seamless integrations with enterprise software like SAP, Oracle, and Microsoft. UiPath also invests in customer education through its Academy, fostering industry-wide adoption.
 

Tungsten Automation focuses on process automation for B2B transactions, specializing in e-invoicing, payment automation, and supply chain finance. The company aims to simplify and optimize financial workflows, particularly in high-transaction-volume industries like manufacturing and retail. Tungsten leverages AI and machine learning to provide real-time insights and fraud prevention.
 

Intelligent Document Processing Market Companies

Major players operating in the intelligent document processing industry are:

• ABBYY
• Automation Anywhere
• HCLTech
• IBM
• Indico Data
• Jiffy.ai
• Microsoft
• Tungsten Automation (Formerly Kofax)
• UiPath
• Workfusion