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Intelligent Document Processing Market Size

Report ID: GMI6635
Published Date: Dec 2024
Report Format: PDF

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Intelligent Document Processing Market Size

The global intelligent document processing market size was valued at USD 2.3 billion in 2024 and is projected to grow at a CAGR of 24.7% between 2025 and 2034. Organizations are rapidly digitizing operations, driving the need for automated document processing solutions. As businesses transition from manual data entry to paper-based systems, IDP technologies enhance efficiency, reduce operational costs, and minimize human error.

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For instance, according to Statista, in 2023, global investments in digital transformation initiatives totaled USD 1.85 trillion. With a projected CAGR of 16.3%, this spending is expected to double by 2027. The United States accounts for 35% of global DX expenditure and is forecasted to surpass the USD1 trillion mark by 2025. Industries such as finance, healthcare, legal, and logistics are adopting intelligent document processing to streamline workflows, accelerate decision-making, and optimize resource allocation.

Intelligent Document Processing Market Report Attributes
Report Attribute	Details
Base Year:	2024
Intelligent Document Processing Market Size in 2024:	USD 2.3 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	24.7%
2034 Value Projection:	USD 21 Billion
Historical Data for:	2021 – 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Component, Deployment, Enterprise Size, Technology, End Use
Growth Drivers:	Growing demand for digital transformation across SMEs Advanced machine learning capabilities Automation across regulatory compliance and risk management applications Scalability of cloud and hybrid infrastructure
Pitfalls & Challenges:	Data privacy and security concerns A complex variety of documentation processes

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Rising labor costs and the need to maximize workforce productivity are prompting significant investments in IDP technologies. Manual document processing is time-consuming, costly, and error-prone. By implementing AI-powered document processing solutions, organizations can redeploy human resources to strategic tasks, enhance productivity, and reduce operational expenses while maintaining high accuracy and compliance standards.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

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.

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.

The key players in the industry include ABBYY, Automation Anywhere, HCLTech, IBM, Indico Data, Jiffy.ai, Microsoft, Tungsten Automation (Formerly Kofax), UiPath, and Workfusion.