Home > Media and Technology > Information Technology > IT Software > intelligent document processing market
Get a free sample of Intelligent Document Processing Market
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
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.
Hyper automation is revolutionizing the market by integrating Intelligent Document Processing (IDP) with Robotic Process Automation (RPA), machine learning, and advanced analytics. This comprehensive approach creates intelligent workflows that efficiently process, analyze, and act on document-derived insights. Organizations are transitioning from isolated automation to interconnected intelligent systems.
For instance, In November 2023, Datamatics announced the success of its partnership with imageOne. Over the past year, Datamatics has driven imageOne's digital transformation using its TruCap+ Intelligent Document Processing (IDP) and TruBot Robotic Process Automation (RPA) solutions. These tools have enabled imageOne to automate manual processes, enhancing efficiency, scalability, and cost savings.
The variety of document formats, layouts, and unstructured data presents a significant challenge for IDP technologies. Different industries and organizations produce documents with unique structures, complicating the development of universally applicable processing algorithms. Continuous innovation and advanced machine learning techniques are essential to create flexible AI models capable of accurately interpreting and extracting information from diverse document types.
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.