Global Intelligent Document Processing Market
Intelligent Document Processing is defined as the solutions which transform unstructured & semi-structured information into usable data. It is a type of next generation automation which able to capture, extract & process data from a variety of document formats. Intelligence document processing is based on AI technologies like natural language processing, Computer Vision, deep learning & machine learning. This technology is adopted by many organizations to perform the document related analysis on daily basis.
It is mainly used in the process of translating the document content into actionable & organized data for further process. Intelligent document processing also referred as intelligent process automation in which NLP or ICR & Machine learning technologies are using to enhance the performance of document processing.
Market Drivers
The increase in need for improving the productivity of business operations along with the increase in technological penetration across various end use industries is expected to drive the global intelligent document processing market growth. These solutions empower users with smart technologies & agile processes for making faster & monitor interfaces to fix bottlenecks in workflow system which is anticipated to accelerate the market growth in forthcoming years.
Enterprises receive huge data in the form of unstructured & semi-structured data such as sales orders, invoices, & customer correspondence which difficult to be organized through rule based automation software. Thus, organizations are adopting the intelligent process automation solutions to manage huge data & for data mining to enhance the quality for analysis.
The increase in demand for automation-led transformation programs with the help of a digital workforce is one of the prominent factors propelling the market growth. Ongoing technological advancements from robotic process automation to AI are transforming the landscape of automation.
Market Restraints
Low adoption by small and medium size enterprises owing to high cost of the solutions are expected to hinder the global intelligent document processing market growth over the forecast period. Also, high cost of the solution may restrict the market growth.
Market Segmentation
The Global Intelligent Document Processing Market is categorized into component such as Software, and Services, by enterprise size such as Large Enterprises, and Small & Medium Enterprises. Further, market is segmented into end user such as IT & Telecom, BFSI, Legal, Manufacturing, Pharmaceutical, Transportation & Logistics, Retail & E-Commerce, and Others.
Also, the Global Intelligent Document Processing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
The North America is expected to continue to dominate intelligent document processing market during this forecast period due to the penetration of process management & automation solutions across the enterprises in this region. Also, the increase in adoption of advanced technologies like AI, and machine learning across organizations along with higher spending to optimize business operations are the key driving factors will contribute the market growth.
The Europe is expected to hold the second- largest market share. European BFSI sector is anticipated to adopt intelligent document processing solutions to enhance banking processes. The APAC is also expected to grow at the fastest CAGR during this forecast period. The BFSI industry in India and China is gaining momentum due to the increased online transaction in the countries. Further, the growing awareness about machine learning, automation, and AI is further fuelling the demand for intelligent document processing solutions.
Market key Players
Various key players are discussed in this report such as InData Labs Group Limited, Parascript, LLC, Hyper Labs, Inc, Automation Anywhere¸ AntWorks, Kofax Inc, WorkFusion, Inc, ABBYY, etc.
Market Taxonomy
By Component
By Enterprise Size
By End User
By Region
Key Questions Addressed by the Report
Global Intelligent Document Processing Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Intelligent Document Processing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Intelligent Document Processing Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Intelligent Document Processing Market Share Analysis, By Component
5.3 Global Intelligent Document Processing Market Size and Forecast, By Component
5.3.1 Software
5.3.2. Services
6 Global Intelligent Document Processing Market, By Enterprise Size
6.1 Y-o-Y Growth Comparison, By Enterprise Size
6.2 Global Intelligent Document Processing Market Share Analysis, By Enterprise Size
6.3 Global Intelligent Document Processing Market Size and Forecast, By Enterprise Size
6.3.1 Large Enterprises
6.3.2 Small & Medium Enterprises
7 Global Intelligent Document Processing Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Intelligent Document Processing Market Share Analysis, By End User
7.3 Global Intelligent Document Processing Market Size and Forecast, By End User
7.3. 1 IT & Telecom
7.3.2 BFSI
7.3.3 Legal
7.3.4 Manufacturing
7.3.5 Pharmaceutical
7.3.6 Transportation & Logistics
7.3.7 Retail & E-Commerce
7.3.8 Others
8Global Intelligent Document Processing Market, By Region
8.1 Global Intelligent Document Processing Market Share Analysis, By Region
8.2 Global Intelligent Document Processing Market Share Analysis, By Region
8.3 Global Intelligent Document Processing Market Size and Forecast, By Region
9 North America Intelligent Document Processing Market Analysis and Forecast (2020-2030)
9.1 Introduction
9.2 North America Intelligent Document Processing Market Share Analysis, By Component
9.3 North America Intelligent Document Processing Market Size and Forecast, By Enterprise Size
9.4 North America Intelligent Document Processing Market Size and Forecast, By End User
9.5 North America Intelligent Document Processing Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeIntelligent Document Processing Market Analysis and Forecast (2020-2030)
10.1 Introduction
10.2 Europe Intelligent Document Processing Market Share Analysis, By Component
10.3 Europe Intelligent Document Processing Market Size and Forecast, By Enterprise Size
10.4 Europe Intelligent Document Processing Market Size and Forecast, By End User
10.5 Europe Intelligent Document Processing Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Intelligent Document Processing Market Analysis and Forecast (2020-2030)
11.1 Introduction
11.2 Asia Pacific Intelligent Document Processing Market Share Analysis, By Component
11.3 Asia Pacific Intelligent Document Processing Market Size and Forecast, By Enterprise Size
11.4 Asia Pacific Intelligent Document Processing Market Size and Forecast, By End User
11.5 Asia Pacific Intelligent Document Processing Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Intelligent Document Processing Market Analysis and Forecast (2020-2030)
12.1 Introduction
12.2 Latin America Intelligent Document Processing Market Share Analysis, By Component
12.3 Latin America Intelligent Document Processing Market Size and Forecast, By Enterprise Size
12.4 Latin America Intelligent Document Processing Market Size and Forecast, By End User
12.5 Latin America Intelligent Document Processing Market Size and Forecast, Country
13Middle East Intelligent Document Processing Market Analysis and Forecast (2020-2030)
13.1 Introduction
13.2 Middle East Intelligent Document Processing Market Share Analysis, By Component
13.3 Middle East Intelligent Document Processing Market Size and Forecast, By Enterprise Size
13.4 Middle East Intelligent Document Processing Market Size and Forecast, By End User
13.5 Middle East Intelligent Document Processing Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 InData Labs Group Limited
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Parascript, LLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Hyper Labs, Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Automation Anywhere
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 AntWorks
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Kofax Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 WorkFusion, Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 ABBYY
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
