openPR Logo
Press release

Intelligent Document Processing Market 2021 To 2026: Global Key Manufacturers ABBYY, IBM, Kofax, HCL Technologies

06-09-2022 01:44 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Intelligent Document Processing Market

Intelligent Document Processing Market

According to a new market research report "Intelligent Document Processing Market by Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Organization Size, Technology, Vertical (BFSI, Government, Healthcare and Life Sciences), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the Intelligent Document Processing market size expected to grow from USD 0.8 billion in 2021 to USD 3.7 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195513136

Browse in-depth TOC on "Intelligent Document Processing Market"
302- Tables
44- Figures
271- Pages

The major factors driving the growth of the Intelligent Document Processing market include the rising need for enterprises to process large volumes of semi-structured and unstructured documents with greater accuracy and speed, increasing investments in digital transformation, and the rising adoption of cloud-based document processing solutions.

Major vendors operating in the intelligent document processing vendors include ABBYY (US), IBM (US), Kofax (US), WorkFusion (US), Automation Anywhere (US), Appian (US), UiPath (US), Datamatics (India), Deloitte (England), AntWorks (Singapore), Parascript (US), Hyperscience (US), OpenText (Canada), Hyland (US), Extract Systems (US), Infrrd (US), Celaton (UK), HCL Technologies (India), Kodak Alaris (UK), Rossum (UK), InData Labs (Belarus), Ephesoft (US), IRIS (Europe), Evolution AI (England), BIS (US), and AmyGB (India).

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=195513136

Based on component, the services segment is expected to grow at a higher CAGR during the forecast period

With rising technological advancements, the demand for intelligent document processing solutions is expected to rise. This is projected to fuel the demand for intelligent document processing services. Services offered by most intelligent document processing solution vendors include professional services and managed services. Intelligent document processing services play a crucial role for every solution vendor as clients expect seamless integration of the solution as well as training and support of the provided solution with the enterprise's system.

Based on deployment, the cloud segment is expected the segment to grow at a higher CAGR during the forecast period

Cloud deployment offers various benefits to organizations. These benefits include easy availability and scalability. The cloud deployment mode also provides multiple benefits, including reduced operational costs and hassle-free deployments. The cloud deployment for intelligent document processing while using different disruptive technologies is expected to grow with the increasing awareness of the benefits of cloud-based solutions. The cost-effectiveness and scalability of cloud deployment are expected to boost the growth of cloud-based intelligent document processing solutions.

Based on organization size, the large enterprises segment is expected to hold the highest market size during the forecast period

Based on organization size, the intelligent document processing market is segmented into SMEs and large enterprises. Large enterprises are the leading adopters of intelligent document processing solutions and services due to the increasing need to analyze the structured and unstructured data collected over the years. These enterprises focus on delivering enhanced customer experiences and gaining a leading edge in the market.

North America to hold the highest market size during the forecast period

The Intelligent document processing market has been segmented into five regions: North America, Europe, the Asia Pacific, the Middle East & Africa, and Latin America. By market size, North America is expected to be the major contributor to the intelligent document processing market during the forecast period. The US and Canada comprise the North American market. Enterprises in the region are most progressive in terms of AI, ML, NLP, and computer vision adoption, thereby boosting the growth of the document analysis market. The presence of key players in North America (such as ABBYY, Kofax, IBM, WorkFusion, Automation Anywhere, Parascript, Hyland, and Extract Systems) is also a key factor responsible for the adoption of intelligent documents processing in the region.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/intelligent-document-processing-market-195513136.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/intelligent-document-processing.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Intelligent Document Processing Market 2021 To 2026: Global Key Manufacturers ABBYY, IBM, Kofax, HCL Technologies here

News-ID: 2648787 • Views:

More Releases from MarketsandMarkets™

Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.
Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading Key Players are Cerner Corporation (US), Epic Systems Corporation (US), Koninklijke Philips (Netherlands)
Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are Boehringer Ingelheim International GmbH (Germany), Zoetis Inc. (US), Elanco Animal Health Incorporated (US), Merck & Co., Inc. (US)
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.

All 5 Releases


More Releases for Intelligent

Intelligent Process Automation Market
Intelligent Process Automation (IPA) is rapidly emerging as one of the most transformative technologies in the business world. By combining artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and other cutting-edge tools, IPA helps organizations automate complex business processes, optimize workflows, and improve operational efficiency. Businesses across various sectors, including manufacturing, finance, healthcare, and logistics, are increasingly adopting IPA solutions to reduce operational costs, enhance productivity, and improve
Intelligent solar protection
Convenient control of awnings with smart-home technology Solar protection for balconies, patios and windows is a talking point every summer - especially in view of climate change which is bringing us unusually hot periods ever more frequently. Awnings that can be controlled automatically are particularly suitable when it comes to preventing interiors from heating up. And that is where markilux comes in: for this purpose the supplier offers many different models
Intelligent Care Support Market
“Intelligent Care Support Market” study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic
Global Intelligent Motor Control Market By Type (Low Voltage Intelligent Motor C …
This report studies the Intelligent Motor Control Market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Intelligent Motor Control Market by product type and applications/end industries. These details further contain a basic summary of the company, merchant profile, and the product range of the company in question. The
Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Global Intelligent Prosthetics Market 2018 | Blatchford, Intelligent Prosthetic …
Press Release – 24 Aug 2018 Research and Development News -- . . Latest Update "Global Intelligent Prosthetics Market Research Report 2018" with Industries Survey | Global Current Growth and Future. ' ' This report studies the global Intelligent Prosthetics market status and forecast, categorizes the global Intelligent Prosthetics market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South