Get a free sample of Intelligent Document Processing Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Intelligent Document Processing Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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
How big is the intelligent document processing market?
The market size of intelligent document processing reached USD 2.3 billion in 2024 and is set to grow at a 24.7% CAGR from 2025 to 2034, driven by the rapid digitization of operations.
What is the projected value of the cloud-based intelligent document processing segment by 2034?
The cloud-based segment is expected to exceed USD 15 billion by 2034, led by the emergence of scalable, flexible, and highly available cloud-native platforms.
How significant is the U.S. market in the intelligent document processing industry?
The U.S. market accounted for 40% of the revenue share in 2024, with advanced AI and machine learning algorithms transforming document processing across various sectors.
Who are the major players in the intelligent document processing market?
The key players in the industry include ABBYY, Automation Anywhere, HCLTech, IBM, Indico Data, Jiffy.ai, Microsoft, Tungsten Automation (Formerly Kofax), UiPath, and Workfusion.