According to a new market research report published by Global Insight Services” Intelligent Document Processing Market is expected to reach US$ XX bn by 2031. 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.
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.
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Key Players
The intelligent document processing market report includes players such as AmyGB, BIS, IRIS, Appian, UiPath, Datamatics, Deloitte, AntWorks, Parascript, and Celaton.
Key Trends
There are four key trends in Intelligent Document Processing technology:
1. The move from paper to digital: More and more businesses are moving away from paper-based document processing and towards digital solutions. This trend is being driven by the need for speed, accuracy, and efficiency in document processing.
2. The rise of artificial intelligence: Artificial intelligence is playing an increasingly important role in document processing, with the technology being used to automate tasks such as data entry and document classification.
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.
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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.
Reasons to buy Intelligent Document Processing Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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