The global Intelligent Document Processing (IDP) Solutions Market Dynamics: Growing demand for automated solutions for document processing and data analysis will be the most important driver for the IDP market. Increased demand for technological solutions involving AI and ML techniques for data analysis will boost market growth. Large volumes of documents involved in government, health care, banking and insurance sectors and need for automated solutions to handle complex documents with a high degree of accuracy will augment the market growth. The demand for IDP will be on the rise during COVID-19 pandemic especially in the health care sector which involves a large volume of data in the form of patients’ records. The main restraining factor for the adoption of IDP by small and midsize businesses will be the high costs involved.
The major players in the intelligent document processing (idp) solutions market include ABBYY, AnyWorks, Celaton, Datamatics, Edgewar, Others.
The entire intelligent document processing (idp) solutions market has been sub-categorized into solution, organization size and vertical.
By Solution
- Product
- Services
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
By Vertical
- BFSI
- Government
- Healthcare
- Others
The intelligent document processing (idp) solutions market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/intelligent-document-processing-idp-solutions-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.