Press release
Intelligent Document Processing Market - Company Profiles and Sales Data 2021 | ABBYY, IBM, Kofax, etc.
Intelligent Document Processing Market
Intelligent document processing refers to software that converts unstructured and semi-structured information into useable data. It is next-generation automation capable of capturing, extracting, and processing data from a wide range of document formats.
The global intelligent document processing market is expected to grow at a CAGR of approximately 35.4% during the forecasted period 2021–2027.
Today, various documentation such as membership applications, charity gift papers, and other documents exist in large quantities. Similarly, under operating circumstances, businesses have documents in large quantities. Almost all industries have huge piles of documents, which require digitization.
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The Major Manufacturers Covered in this Report:
ABBYY, IBM, Kofax, WorkFusion, Automation Anywhere, Appian, UiPath, Datamatics, AntWorks, Parascript, Hyperscience, OpenText, Hyland, Extract Systems, Infrrd, Celaton, HCL Technologies, Kodak Alaris, Rossum, InData Labs, Ephesoft, IRIS, Evolution AI, BIS, and AmyGB, and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2027
Market Segmentation:
By Components
Solution
Service
By Deployment Mode
Cloud
On-premises
By Technology
Natural Language Processing (NLP)
Optical Character Recognition (OCR)
Machine Learning (ML)
Artificial Intelligence (AI)
Robotic Process Automation (RPA)
Google Vision
Deep Learning (DL)
By End-User
BFSI
Government
Healthcare and Life Sciences
Retail and E-Commerce
Manufacturing
Transportation and Logistics
Others
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
COVID-19 Impact
Intelligent document processing solutions help companies automate client delivery automation, classify incoming credit applications for bank loan approval, online verification of documents, and clause detection in legal documents.
The COVID-19 pandemic has hastened the use of intelligent document processing in businesses. Employees have limited or no access to tangible documents due to the lockdown. Thus, there is a raising need for digitalization and document automation, with intelligent document processing becoming a need by 2021.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Intelligent Document Processing Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Intelligent Document Processing Market sub-markets, depending on key regions (various vital states).
To analyze the Global Intelligent Document Processing Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Intelligent Document Processing Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Intelligent Document Processing Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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