Intelligent Document Processing Market Size - By Component, Enterprise Size, Technology (Machine Learning, Natural Language Processing, Computer Vision, Others), Deployment, End User & Forecast, 2023

Description

List of Tables

Intelligent Document Processing Market size is poised to record over 24.7% CAGR from 2023-2032. The rapid growth of mobile devices is leading to the development of mobile IDP solutions for enabling users to capture and process documents using smartphones and tablets. As per Datareportal, the number of mobile users across the globe reached 5.6 billion in October 2023. With the continuous evolution of mobile devices, the capabilities and applications of mobile IDP solutions is further growing for enhancing convenience, efficiency, and productivity for users to cater to different industries.

The overall intelligent document processing market is segmented based on component, deployment, enterprise size, technology, end user, and region.

In terms of deployment, the industry size from the cloud segment may record appreciable CAGR from 2023-2032 owing to growing need to automate extraction whilst processing the incoming invoices as well as sales orders for enhancing efficiency and accuracy in accounts receivable functions. Cloud-based IDP also assists organizations in keeping track of contract milestones and obligations. Advantages, such as scalability, flexibility, and cost-effectiveness in automating document-centric processes and improving operational efficiency will add to the segment growth.

On the basis of end-user, the IPD market value from the healthcare segment is expected to expand up to 2032 due to higher adoption to improve operational efficiency, patient care, and compliance. With the generation and management of vast amounts of administrative documents in the healthcare sector, overall intelligent document is largely deployed for automating the processing and limiting the need for manual data entry and paperwork. The surging focus of streamlined administrative processes and reduced risk of errors for ultimately saving time and resources will define the industry expansion.

Regionally, Asia Pacific intelligent document processing industry is projected to record notable CAGR through 2032 due to the surge in data security and privacy concerns. The presence of large population base and the rising digitalization efforts in emerging economies, including India, China, and Southeast Asian countries is adding to the substantial adoption of IDP solutions. The growing diverse and stringent regulatory requirements in the finance, healthcare, and government sectors will also push the regional market growth.

Product Code: 6635

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Intelligent Document Processing market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Component trends
2.5 Deployment trends
2.6 Enterprise Size trends
2.7 Technology trends
2.8 End-user trends

Chapter 3 Intelligent Document Processing Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
- 3.3.1 Vendor matrix
- 3.3.2 Profit margin analysis
- 3.3.3 Technology & innovation landscape
- 3.3.4 Patent analysis
3.4 Key news and initiatives
- 3.4.1 Partnership/Collaboration
- 3.4.2 Merger/Acquisition
- 3.4.3 Investment
- 3.4.4 Level of autonomy launch & innovation
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Increasing Need For Efficient And Cost-Effective Document Processing Solutions
  - 3.6.1.2 Growing Investments in Digital Transformation
  - 3.6.1.3 Adopting cloud-based document processing solutions
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Changing governance and compliance requirements
  - 3.6.2.2 Data Privacy Concerns
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 ABBYY
- 4.3.2 Kofax
- 4.3.3 Workfusion
- 4.3.4 AntWorks
- 4.3.5 UiPath
- 4.3.6 Automation Anywhere
- 4.3.7 Infrrd
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Intelligent Document Processing Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by Component
5.2 Solution
5.3 Services

Chapter 6 Intelligent Document Processing Market Estimates & Forecast, By Deployment (Revenue)

6.1 Key trends, by enterprise size
6.2 Cloud
6.3 On-premise

Chapter 7 Intelligent Document Processing Market Estimates & Forecast, By Enterprise Size (Revenue)

7.1 Key trends, by enterprise size
7.2 SMEs
7.3 Large Enterprises

Chapter 8 Intelligent Document Processing Market Estimates & Forecast, By Technology (Revenue)

8.1 Key trends, by technology
8.2 Machine Learning
8.3 Natural Language Processing (NLP)
8.4 Computer Vision
8.5 Others

Chapter 9 Intelligent Document Processing Market Estimates & Forecast, By End-user (Revenue)

9.1 Key trends, by end-user
9.2 IT & telecom
9.3 Media & Entertainment
9.4 Retail & Consumer Goods
9.5 Government & Public Sector
9.6 Healthcare
9.7 Others

Chapter 10 Intelligent Document Processing Market Estimates & Forecast, By Region (Revenue)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Netherlands
- 10.3.7 Sweden
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Australia
- 10.4.3 India
- 10.4.4 Japan
- 10.4.5 South Korea
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 UAE

Chapter 11 Company Profiles

11.1 ABBYY
11.2 Kofax
11.3 Workfusion
11.4 AntWorks
11.5 UiPath
11.6 Automation Anywhere
11.7 Infrrd
11.8 Parascript
11.9 EdgeVerve Systems
11.10 JUFFY.ai
11.11 Datamatics
11.12 IBM
11.13 Opentext
11.14 Hyperscience
11.15 Ephosoft