Major companies operating in the intelligent document processing market are:
Kofax
Opentext
Hyperscience
ABBYY
UiPath
Infrrd
AntWorks
JUFFY.ai
EdgeVerve Systems
Ephosoft
Parascript
IBM
Datamatics
Automation Anywhere
Workfusion.
Authors:
Preeti Wadhwani
Frequently Asked Questions (FAQ) :
Intelligent document processing market size reached USD 1.4 billion in 2022 and is set to grow at 24.7% CAGR from 2023 to 2032, due to the rapid digitalization of business operations and the exponential growth of data usage worldwide.
The solution component segment recorded USD 33.5 billion revenue in 2022, as several businesses across industries are seeking ways to automate manual and document-intensive tasks.
North America registered over 33.5% of the market share in 2022, owing to the ability of IDP solutions to boost efficiency and competitiveness across various sectors in the region.
Kofax, Opentext, Hyperscience, ABBYY, UiPath, Infrrd, AntWorks, JUFFY.ai, EdgeVerve Systems, Ephosoft, Parascript, IBM, Datamatics, Automation Anywhere, and Workfusion are some of the major intelligent document processing companies worldwide.