Global intelligent document processing market is anticipated to grow at a CAGR of 23.7% during the forecast period (2024–2031). The market growth is attributed to the rising influence of artificial intelligence (AI) and machine learning (ML) technologies in document processing across industries. The adoption is stimulated by technological advancements in document processing, as companies have evolved from using optical character recognition (OCR) to artificial intelligence (AI) and machine learning (ML) in document processing, as it helps handle structured, semi-structured, and unstructured documents, increases data extraction capabilities, and categorizes document types. For instance, in April 2024, INTENTIS, a Swiss software engineering company introduced Zimus, an artificial intelligence (AI)-powered intelligent document processing (IDP) solution. It is an intelligent and agile document processing tool that retrieves data from complex documents by using multi-layer AI and machine learning (ML). Zimus is a solution that the INTENTIS team developed comprehensively from scratch. It reduces manual work, accelerates business processes, and boosts productivity.
Browse the full report description of “Intelligent Document Processing Market Size, Share & Trends Analysis Report by Enterprise Type (Small, and Medium-Sized Enterprises, and Large Enterprises), by Function (Finance & Accounting, Human Resources, Supply Chain & Procurement, and Others (Legal, Marketing)), by Deployment (On-premise, and Cloud), and by Industry (BFSI, Healthcare & Life Sciences, Retail & E-Commerce, Manufacturing, Government, IT & Telecom, and Others (Construction, Travel & Transportation, Energy & Power)), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/intelligent-document-processing-market
Moreover, the market has also recorded several partnerships between different players to integrate and develop AI and ML-based intelligent document processing solutions. For instance, in April 2024, Kodak Alaris, a globally recognized provider of information capture and intelligent document processing systems, announced a solution partnership with Grupo Teknei, a Spanish developer of innovative technology solutions. This collaboration represents a significant step forward in the development of cutting-edge digital solutions and services based on intelligent information and document processing, engines, and cutting-edge complementary technology stacks. Kodak Alaris and Grupo Teknei have formed a strategic partnership to provide comprehensive technological solutions. With a focus on innovation, market expansion, AI integration, and collaborative go-to-market initiatives, the alliance intends to provide organizations with advanced and AI-based services in intelligent document processing and business automation.
Market Coverage
• The market number available for 2024-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Enterprise Type
o By Function
o By Deployment
o By Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Amazon Web Services, Inc., ABBYY Solutions, IBM Corporation, Microsoft Corporation, and Oracle Corporation, among others.
Key questions addressed by the report
Global Intelligent Document Processing Market Report Segment
By Enterprise Type
By Function
By Function
By Function
Global Intelligent Document Processing Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Asia-Pacific
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Rest of the World
· Latin America
· The Middle East and Africa
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