Press release
Global Document Analytics Market to Reach $26.35 Billion by 2029, Growing at 50.3% CAGR
What market dynamics are playing a key role in accelerating the growth of the document analytics market?The escalating efforts to convert content into digital form play a crucial role in expanding the document analytics market. Multiple governments across the globe are digitizing their content to boost the security and ease of document access, thus fuelling the adoption of document analytics tools. For instance, the Central Digital and Data Office in the UK, an organization focusing on spurring digital innovation and data strategies across several industries, found that in November 2023, digital transformation undertaken by the government could lead to cost savings of more than $1.17 billion in 2022 by eliminating expenses linked to paper-based systems. By the year 2025, an aggressive digital compensation structure could lead to an annual cost savings of $122.12 million by reducing staff attrition rates and the need for expensive labour. The IRS aims to leverage the pilot IRS program to try out innovative solutions that can handle various digital tasks like receiving, preparing, duplicating, sorting, storing, validating, returning and moving IRS digital files and records. These solutions will assist in both scanning paper documents and extracting machine-readable data. These increasing digitalization efforts invariably boost the demand for document analytics services and technologies, thus further driving the document analytics market growth.
Get Your Document Analytics Market Report Here:
https://www.thebusinessresearchcompany.com/report/document-analytics-global-market-report
How will the growth rate of the document analytics market shape industry trends by 2034?
The market for document analytics has seen rapid expansion in recent years, expanding from $3.49 billion in 2024 to an anticipated $5.16 billion in 2025, representing a compound annual growth rate (CAGR) of 47.9%. The prior growth period's expansion was driven by factors such as digitization, heightened demand for adherence to regulations and compliance, the necessity for operational efficacy, focus on enhancing the customer experience and insights, and solutions tailored to specific industries.
In the years to come, a significant surge is expected in the document analytics market size, with an anticipated growth to $26.35 billion by 2029, translating to a compound annual growth rate (CAGR) of 50.3%. This growth during the projected period can be credited to the rising demand for predictive analytics from documents, the evolution of hybrid models, enhanced user collaboration and experience tools, an increased need for workflow automation, and an emphasis on contextual comprehension. The predicted trends for this time frame encompass advancements in natural language processing (NLP), artificial intelligence-infused document processing, improved optical character recognition (OCR), attention towards data protection and privacy, and workflow automation integration.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7058&type=smp
What trends are poised to drive the future success of the document analytics market?
Key players in the document analytics market are focusing their efforts on the development of sophisticated solutions such as DocGraphLM, to improve document handling capabilities via insights propelled by Artificial Intelligence. DocGraphLM is a modern tool for visual document examination, employing advanced machine learning methods to boost understanding and manipulation of intricate documents. For example, JPMorgan, an American firm offering a comprehensive suite of financial services, rolled out DocGraphLM in January 2024. This AI model improves document scrutiny by blending pre-trained linguistics models with graph neural networks. This method equips it to comprehend complex documents like forms, invoices, and receipts, which often incorporate text, images, and well-organized data.
Which primary segments of the document analytics market are driving growth and industry transformations?
The document analytics market covered in this report is segmented -
1) By Product Type: Solutions, Services, Professional Services, Managed Services
2) By Industry Vertical: BFSI, Government, Healthcare And Life Sciences, Retail And eCommerce, Manufacturing, Transportation And Logistics, Other Industry Verticals
3) By Deployment Type: Cloud, On-Premise
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
Subsegments:
1) By Solutions: On-Premises Solutions, Cloud-Based Solutions
2) By Services: Consulting Services, Integration Services,
3) By Professional Services: Implementation Services, Training And Support Services
3) By Managed Services: Document Management, Data Hosting And Storage
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7058
Which geographical regions are pioneering growth in the document analytics market?
North America was the largest region in the document analytics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the document analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the document analytics market landscape?
Major companies operating in the document analytics market include ABBYY Group, Celaton Limited, Extract Systems LLC, HCL Technologies Limited, HyperScience Inc., Automation Anywhere Inc., International Business Machines Corporation, OpenText Corporation, Adobe Inc., SAP SE, Microsoft Corporation, Dexlock Technologies Private Limited, AntWorks Pte. Ltd., WorkFusion Inc., Infrrd Inc., Datamatics Global Services Limited, Kodak Alaris Inc., Hyland Software Inc., Parascript LLC, M-Files Corporation, Ephesoft Inc., Rossum Corporation, Nanonets Inc., Zoho Corporation Pvt. Ltd., UiPath Inc., Datafleck Ltd., DocuSign Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=7058&type=smp
What Is Covered In The Document Analytics Global Market Report?
•Market Size Forecast: Examine the document analytics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the document analytics market for a structured understanding.
•Key Players Overview: Analyze major players in the document analytics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the document analytics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the document analytics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the document analytics market.
•Industry Challenges: Identify potential risks and obstacles affecting the document analytics market.
•Competitive Landscape: Review strategic developments in the document analytics market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Global Document Analytics Market to Reach $26.35 Billion by 2029, Growing at 50.3% CAGR here
News-ID: 3880099 • Views: …
More Releases from The Business Research Company

Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…

Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…

Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…

Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…