Quadrant Knowledge Solutions defines Intelligent Document Processing (IDP) as the automatic extraction of valuable information from documents received by organizations in diverse formats, including structured, semi-structured, and unstructured documents. IDP employs technologies such as Artificial Intelligence (AI), Machine Learning (ML), Optical Character Recognition (OCR), Computer Vision, Robotic Process Automation (RPA), Natural Language Technology (NLT), and Intelligent Character Recognition (ICR) to extract, interpret, and categorize relevant data from files, emails, PDFs, scanned documents, and other formats for analysis and workflow automation.

Automated document processing is increasingly leveraging Cloud Storage for secure storage and accessible data retrieval from processed documents, catering to remote teams and businesses with multiple locations. Additionally, cloud providers offer features like automated backups and version control, simplifying document management and collaboration. Users may also consider vendors providing blockchain for enhanced security, creating an immutable and decentralized ledger that tracks a document's entire lifecycle from creation to distribution, ensuring tamper-proof security.

Download Sample Report of Market Share: Intelligent Document Processing (IDP)

Key questions addressed in this study include:

• Is the Intelligent Document Processing (IDP) market experiencing growth? What is the short-term and long-term growth potential?
• What market accelerators and restraints influence the global IDP market?
• Which end-user industries adopt IDP solutions prominently, and which industries offer the most growth opportunities?
• In which global regions do maximum growth opportunities exist for the IDP market?
• Which customer segments exhibit the highest adoption of IDP solutions?
• What are the various deployment options available for Intelligent Document Processing solutions?

Vendors covered in this study:

ABBYY, Alkymi, AntWorks, Appian, Automation Anywhere, Celaton, Code mantra, Datamatics, Edge Verve System, eigen Technology, Grooper (BIS), HCL Technologies, IBM, Indico Data, Infrrd, JIFFY.ai, Knowledge Lake, Kofax, Laiye, Microsoft, OpenBots, Parascript, Parashift, qBotica, Rossum, Stravie, UiPath, UST, and Work fusion.

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Phone: (+1) 978-605-1066

Contact: ajinkya@quadrant-solutions.com