Intelligent Document Processing Market - Global Industry Analysis

Intelligent Document Processing Market – By Technology (Machine Learning, NLP, and Deep Learning), By End-User (BFSI, Telecom & IT, Retail & eCommerce, Healthcare, Transport & Logistics, Media & Entertainment, Lifesciences, and Manufacturing), By Application (IT Operations, Business Process Automation, Application Management, Content Management, and Security) and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 08-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 155 Report Code: ZMR-6365 Status : Published

The global Intelligent Document Processing market, which was estimated at about 1.02 (USD Billion) in 2019 and is predicted to accrue earnings worth 3.9 (USD Billion) by 2026, is set to record a CAGR of nearly over 37% during 2020-2026.

Description

The global Intelligent Document Processing market, which was estimated at about 1.02 (USD Billion) in 2019 and is predicted to accrue earnings worth 3.9 (USD Billion) by 2026, is set to record a CAGR of nearly over 37% during 2020-2026. The report offers valuation and analysis of Intelligent Document Processing market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

 

Intelligent Document Processing Market: Overview

Surge in technological breakthroughs has culminated into massive need for intelligent document processing services. Services provided by intelligent document processing services vendors are managed services and professional services. In addition to this, intelligent document processing services has played an important part in improving business relations between firms and clients or firms and vendors. With customers expecting seamless integration between training & support as well as enterprise services, the market for intelligent document processing industry is anticipated to gain momentum over the assessment period.

Intelligent Document Processing Market: Growth Drivers

Escalating need of firms for processing huge volumes of both unstructured as well as semi-structured docs with accuracy along with high speed will steer the expansion of intelligent document processing industry over 2020-2026. In addition to this, rise in acceptance of cloud based document processing for providing strong security to the firm’s data will embellish the intelligent document processing market size in the upcoming years. Apparently, growing trend of automation in various industries along with necessity of intelligent automation for enhancing the efficiency of various businesses will create new growth avenues for intelligent document processing market in the years ahead. In addition to this, India, Malaysia, and Singapore as well as Middle East countries are projected to provide untapped growth potential for the industry over 2020-2026. With automated IT tools trying to fulfill dynamic needs of the consumers, the market for intelligent document processing is likely to accelerate over the estimated timeline. However, high initial costs can pull down the growth of intelligent document processing industry over 2020-2026.

Furthermore, many of the industry players are trying to introduce new products and this will further impel the growth of the business in the years to come. Citing an instance, on 2nd June 2021, Visionet Systems - a major digital Banking & Financial service provider, launched DocVu.AI – an AI-based intelligent document processing tool. Furthermore, this tool helps customers effectively derive, search, analyze, and handle datasets from trade docs and business specific contracts, thereby assisting end-users to make correct & accurate business decisions. Such strategic moves will build a strong platform for market growth over the next decade.

North America Market Size To Scale Up Leaps & Bounds Over 2020-2026

The market in North America over the forecast timeline is likely to expand humungously subject to large-scale acceptance of artificial intelligence, computer vision, machine learning, and natural language processing. In addition to this, presence of major participants such as IBM, Kofax, Hyland, and WorkFusion in countries such as Canada and the U.S. will drive the regional market size over the assessment period.

Key players profiled in the study include Accenture, TCS, Genpact, Serox Corporation, Wipro, CGI Group, ATOS, IBM, Avasant, Capgemini, EXL Service, KPMG, Syntel, and Tech Mahindra.

The global Intelligent Document Processing Market is segmented as follows:

By End-User:

  • BFSI
  • Telecom & IT
  • Retail & eCommerce
  • Healthcare
  • Transport & Logistics
  • Media & Entertainment
  • Lifesciences
  • Manufacturing

By Technology:

  • Machine Learning
  • NLP
  • Deep Learning

By Application:

  • IT Operations
  • Business Process Automation
  • Application Management
  • Content Management
  • Security

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Intelligent Document Processing Market, 2016–2026 (USD Billion)
    • 2.2. Intelligent Document Processing Market: Snapshot
  • Chapter 3. Global Intelligent Document Processing Market– Industry Analysis
    • 3.1. Intelligent Document Processing Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Escalating need of firms for processing huge vulumes of both unstructured as well as semi-structured docs with accuracy along with high speed will steer the expansion of intelligent document processing industry over 2020-2026.
      • 3.2.2. Rise in acceptance of cloud based document processing for providing strong security to the firm’s data will embellish the intelligent document processing market size in the upcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By End-User
      • 3.4.2. Market attractiveness analysis By Technulogy
      • 3.4.3. Market attractiveness analysis By Application
  • Chapter 4. Global Intelligent Document Processing Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Intelligent Document Processing Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Technulogy launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Intelligent Document Processing Market– End-User Analysis
    • 5.1. Global Intelligent Document Processing Market overview: By End-User
      • 5.1.1. Global Intelligent Document Processing Market share, By End-User , 2019 and 2026
    • 5.2. Telecom & IT
      • 5.2.1. Global Intelligent Document Processing Market By Telecom & IT, 2016–2026 (USD Billion)
    • 5.3. BFSI
      • 5.3.1. Global Intelligent Document Processing Market By BFSI, 2016–2026 (USD Billion)
    • 5.4. Retail & eCommerce
      • 5.4.1. Global Intelligent Document Processing Market By Retail & eCommerce, 2016–2026 (USD Billion)
    • 5.5. Media & Entertainment
      • 5.5.1. Global Intelligent Document Processing Market By Media & Entertainment, 2016–2026 (USD Billion)
    • 5.6. Healthcare
      • 5.6.1. Global Intelligent Document Processing Market By Healthcare, 2016–2026 (USD Billion)
    • 5.7. Transport & Logistics
      • 5.7.1. Global Intelligent Document Processing Market By Transport & Logistics, 2016–2026 (USD Billion)
    • 5.8. Lifesciences
      • 5.8.1. Global Intelligent Document Processing Market By Lifesciences, 2016–2026 (USD Billion)
    • 5.9. Manufacturing
      • 5.9.1. Global Intelligent Document Processing Market By Manufacturing, 2016–2026 (USD Billion)
  • Chapter 6. Global Intelligent Document Processing Market– Technulogy Analysis
    • 6.1. Global Intelligent Document Processing Market overview: By Technulogy
      • 6.1.1. Global Intelligent Document Processing Market share, By Technulogy, 2019 and 2026
    • 6.2. Machine Learning
      • 6.2.1. Global Intelligent Document Processing Market By Machine Learning , 2016–2026 (USD Billion)
    • 6.3. NLP
      • 6.3.1. Global Intelligent Document Processing Market By NLP, 2016–2026 (USD Billion)
    • 6.4. Deep Learning
      • 6.4.1. Global Intelligent Document Processing Market By Deep Learning, 2016–2026 (USD Billion)
  • Chapter 7. Global Intelligent Document Processing Market– Application Analysis
    • 7.1. Global Intelligent Document Processing Market overview: By Application
      • 7.1.1. Global Intelligent Document Processing Market share, By Application , 2019 and 2026
    • 7.2. IT Operations
      • 7.2.1. Global Intelligent Document Processing Market By IT Operations, 2016–2026 (USD Billion)
    • 7.3. Business Process Automation
      • 7.3.1. Global Intelligent Document Processing Market By Business Process Automation, 2016–2026 (USD Billion)
    • 7.4. Application Management
      • 7.4.1. Global Intelligent Document Processing Market By Application Management, 2016–2026 (USD Billion)
    • 7.5. Content Management
      • 7.5.1. Global Intelligent Document Processing Market By Content Management, 2016–2026 (USD Billion)
    • 7.6. Security
      • 7.6.1. Global Intelligent Document Processing Market By Security, 2016–2026 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Accenture
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Technulogy Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. TCS
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Technulogy Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Genpact
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Technulogy Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Serox Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Technulogy Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Wipro
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Technulogy Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. CGI Group
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Technulogy Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. ATOS
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Technulogy Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. IBM
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Technulogy Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Avasant
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Technulogy Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Capgemini
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Technulogy Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. EXL Service
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Technulogy Portfulio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. KPMG
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Technulogy Portfulio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. Syntel
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Technulogy Portfulio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development
    • 8.14. Tech Mahindra
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Technulogy Portfulio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Development

Methodology


Frequently Asked Questions

Escalating need of firms for processing huge volumes of both unstructured as well as semi-structured docs with accuracy along with high speed will steer the expansion of intelligent document processing industry over 2020-2026. In addition to this, rise in acceptance of cloud based document processing for providing strong security to the firm’s data will embellish the intelligent document processing market size in the upcoming years. Apparently, growing trend of automation in various industries along with necessity of intelligent automation for enhancing the efficiency of various businesses will create new growth avenues for intelligent document processing market in the years ahead. In addition to this, India, Malaysia, and Singapore as well as Middle East countries are projected to provide untapped growth potential for the industry over 2020-2026. With automated IT tools trying to fulfill dynamic needs of the consumers, the market for intelligent document processing is likely to accelerate over the estimated timeline. However, high initial costs can pull down the growth of intelligent document processing industry over 2020-2026.

According to Zion Market Research report, the global Intelligent Document Processing market, which was estimated at about 1.02 (USD Billion) in 2019 and is predicted to accrue earnings worth 3.9 (USD Billion) by 2026, is set to record a CAGR of nearly over 37% during 2020-2026.   

North America is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The growth of the industry in the sub-continent over the estimated timespan is attributed to large-scale acceptance of artificial intelligence, computer vision, machine learning, and natural language processing. In addition to this, presence of major participants such as IBM, Kofax, Hyland, and WorkFusion in countries such as Canada and the U.S. will drive the regional market size over the assessment period.

 

The key players profiled in the report include are Accenture, TCS, Genpact, Serox Corporation, Wipro, CGI Group, ATOS, IBM, Avasant, Capgemini, EXL Service, KPMG, Syntel, and Tech Mahindra.

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