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Intelligent document processing (IDP) Market is projected to expand at a steady CAGR over the forecast by 2031

10-27-2022 07:32 AM CET | IT, New Media & Software

Press release from: Global Insight Services

Intelligent document processing (IDP) Market

Intelligent document processing (IDP) Market

Global Intelligent document processing (IDP) report from Global Insight Services is the single authoritative source of intelligence on Intelligent document processing (IDP) market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Intelligent document processing (IDP) market here: https://www.globalinsightservices.com/reports/intelligent-document-processing-market/

Intelligent document processing (IDP) is a type of document processing that uses artificial intelligence (AI) techniques to automatically extract information from unstructured or semi-structured documents. IDP can be used to process a variety of documents, including scanned images, PDFs, and emails.

IDP systems typically use a combination of optical character recognition (OCR) and natural language processing (NLP) to extract information from documents. OCR is used to convert images of text into machine-readable text, while NLP is used to identify and extract relevant information from the text.

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Key Market Segments
The intelligent document processing market report is bifurcated on the basis of component, deployment mode, organization size, technology, and region. On the basis of component, it is segmented into solutions and services. Based on deployment mode, it is analyzed across on-premises and cloud. By organization size it is categorized into large enterprises and small & medium enterprises. By technology is it spread across machine learning, artificial intelligence, deep learning, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Market Players
The intelligent document processing market report includes players such as AmyGB, BIS, IRIS, Appian, UiPath, Datamatics, Deloitte, AntWorks, Parascript, and Celaton.

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Key Drivers
There are several key drivers of Intelligent Document Processing (IDP) market.

Firstly, the increasing need for organizations to automate their document-related processes is a key driver of IDP market.

Secondly, the growing adoption of IDP solutions by small and medium enterprises is another key driver of this market. This is because IDP solutions help these enterprises to reduce their operational costs and improve their efficiency.

Thirdly, the increasing number of regulations and compliance requirements is another key driver of IDP market. This is because IDP solutions help organizations to comply with these regulations and requirements.

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With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm
headquartered in Delaware, US. We are committed to providing our clients
with highest quality data, analysis, and tools to meet all their market research
needs. With GIS, you can be assured of the quality of the deliverables, robust
and transparent research methodology, and superior service.

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