Published on: July 27, 2021

Intelligent Document Processing Market by End-user and Geography Market Analysis

Intelligent document processing market size will increase at a steady pace. Increasing investments in digital transformation and the integration of advanced technologies with document processing solutions will be key factors influencing market growth during the forecast period. ABBYY, IBM Corp., Kofax, and WorkFusion are some of the key vendors in this marketspace.

This report provides a comprehensive analysis of the market by end-user (BFSI, Government, Healthcare and Life Sciences, Retail and eCommerce, and others) and by geography.

Key Takeaways from this Intelligent Document Processing Market Report

Top Market Trend - Integration of advanced technologies with document processing solutions

Key Growth Driver - Increasing investments in digital transformation

Major Market Challenge - Misjudging the technological possibilities

Parent Market - Application software

Parent Market Size - Application software Industry was valued at $301.04 billion in 2020

Prominent Vendors - ABBYY, IBM Corp., Kofax, WorkFusion, Automation Anywhere, and Deloitte

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Who are the Key Vendors in the Intelligent Document Processing Market?

Some of the key Intelligent Document Processing Market vendors covered in this report are as follows:

ABBYY, IBM Corp., Kofax, WorkFusion, Automation Anywhere, and Deloitte are some of the key intelligent document processing market vendors covered in this report.

The market is competitive and with the upcoming number of growth opportunities for market vendors, the competitive landscape is set to intensify further. The key players are adopting various strategies including collaborations, M&As, and the development of innovative products to enhance their customer base.

Parent Market - Application Software Industry

The intelligent document processing market is catalogued under the application software industry. This industry was worth $301.04 billion in 2020 and will grow at a moderate pace during the forecast period.

There is an increasing adoption of analytics in enterprises. The proliferation in the volume, velocity, and variety of data being generated by enterprises has increased the demand for data and analytics software. Companies across various sectors deal with huge volumes of data, which are stored, managed, and processed in real-time. The implementation of data analytics helps enterprises to understand the market, improve decision-making processes, analyze markets, and determine the fluctuations in the market. The rising adoption of analytics will subsequently drive application software market growth.

The rising software investments by SMEs and the growing adoption of cloud- and subscription-based software will also influence the growth of the application software industry.

What are the Upcoming Intelligent Document Processing Market Trends?

Major market trends such as the integration of advanced technologies with document processing solutions and increasing investments in digital transformation will have a positive influence on market growth.

However, factors such as misjudging the technological possibilities will hinder the demand for intelligent document processing posing as a key challenge for vendor growth.

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Intelligent Document Processing Market Segmentation

The global market for intelligent document processing has been segmented by end-user and geography. By end-user, the market has been classified into BFSI, Government, Healthcare and Life Sciences, Retail and eCommerce, and others.

Based on Geography

Regional analysis segments the market by North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) and covers various factors including market demand, threat from local vendors, and the region’s contribution to global market growth.

Regional-specific analysis also provide insights of the upcoming demand for intelligent document processing across key countries in these regions.

Key Intelligent Document Processing Market Report Benefits

Gain in-depth insights about your market that will aid in making strategic decisions related to market entry, partnerships, new product launch, and more.

Identify the most profitable product/service segments which will help in upgrading product offerings, portfolio expansion, and market entry.

Accurate prediction on intelligent document processing market CAGR, market size, and growth potential.

Insights on the market’s growth & opportunities in the global and regional levels.

Get a clear understanding on the business implications of key market trends.

Detailed analysis of market challenges and risks.

Comprehensive data that covers region-, segment-, and company-specific information.

Identify key competitors and the products/services they offer, their market share, and business strategies including investments & M&As.

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Scope of the Report
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Parent Market	Application Software
Parent Market Size	$301.04 billion
By Product	BFSI \| Government \| Healthcare and Life Sciences \| Retail and eCommerce \| others
Regional analysis	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA)
Companies profiled	ABBYY, IBM Corp., Kofax, and WorkFusion
Top Market Trend	Integration of advanced technologies with document processing solutions \| Increasing investments in digital transformation
Report Benefits	Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges.