Intelligent Document Processing Market To Reach $12.35 Billion By 2030

Intelligent Document Processing Market Growth & Trends

The global intelligent document processing market size is estimated to reach USD 12.35 billion by 2030, registering to grow at a CAGR of 33.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. The adoption of intelligent document processing solutions is likely to rise owing to the growing need to manage large amounts of data, requiring efficient document processing solutions. Moreover, growing investments in digital transformation among industries will likely drive market growth. For instance, in November 2022, Rossum Ltd, the pioneer in cloud-native intelligent document processing, partnered with Celonis SE, a German data processing company. With Rossum's document extraction and categorization capabilities, Celonis will provide deeper insights into invoice processes. By leveraging AI technology, customers can streamline their invoice management, improve accuracy, and reduce errors.

The COVID-19 pandemic had a positive impact on the market for intelligent document processing. The pandemic made governments impose travel restrictions and social distancing norms. Hence, many businesses worldwide sought technological alternatives such as automation to reduce human interference. According to UK-based Intelligent Automation Network, a community of global technology leaders, the pandemic accelerated investments in automation and made organizations rethink every business aspect, including customer service delivery and manufacturing. Hence, intelligent document processing solutions witnessed a rise in adoption post-pandemic. For instance, IDP in healthcare assists professionals in automating the processing of huge amounts of patient records and implementing effective data management, cutting down time and manual work. This wide adoption across industries creates opportunities for specialized IDP solutions tailored to specific industry requirements.

Intelligent document processing vendors offer solutions and services to various end-use industries such as manufacturing, banking, financial services, insurance (BFSI), and the government & public sector. Moreover, the companies invest in research & development (R&D) and launch new products to meet customer needs. For instance, in February 2023, Kofax Inc. launched TotalAgility, an intelligent automation platform that operates on a low-code framework. This platform introduces various enhancements, including improved Intelligent Document Processing (IDP), new low-code design features, and enhanced DevSecOps capabilities. TotalAgility enables businesses to handle unstructured data effectively, promotes automation adoption among developers and business users, and facilitates secure cloud-based automation deployment for distributed workforces. Besides, in March 2021, U.S.-based ABBYY announced the launch of Vantage 2, a platform for getting insights from documents. With this launch, the company aimed to help clients accelerate digital transformation and improve customer experience.

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Intelligent Document Processing Market Report Highlights

• The solution segment led the market in 2024, accounting for over 63.0% share of the global revenue. Enterprises are handling large volumes of unstructured data, such as emails, forms, and scanned documents, requiring advanced tools to process, classify, and extract information effectively.

• The Machine Learning (ML) segment accounted for the largest market revenue share in 2024. This is attributed to the significant use of ML techniques to automate the extraction and processing of information from various documents, such as invoices, purchase orders, contracts, and forms, augmenting market growth.

• The SMEs segment is expected to grow at the highest CAGR in the coming years. IDP solutions help SMEs ensure compliance by automating the processing and storage of sensitive documents, such as financial records and contracts, in line with regulatory standards. 

• The cloud segment accounted for the largest market revenue share in 2024 due to its scalability, accessibility, and cost-efficiency.

• The BFSI segment accounted for the largest market revenue share in 2024. The growth is due to the high volume of documents processed within the BFSI sector to deliver products and services.

Intelligent Document Processing Market Segmentation

Grand View Research has segmented the global intelligent document processing market based on component, technology, deployment, organization size, end-use, and region:

Intelligent Document Processing Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solution

• Services

Intelligent Document Processing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Machine Learning

• Natural Language Processing (NLP)

• Computer Vision

Intelligent Document Processing Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise

• Cloud

Intelligent Document Processing Organization Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small and Medium Sized Enterprises (SMEs)

• Large Size Enterprises

Intelligent Document Processing End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• Healthcare

• Manufacturing

• Retail

• Government & Public Sector

• Transportation & Logistics

• IT & Telecom

• Others

Intelligent Document Processing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Chile

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Intelligent Document Processing Market

• ABBYY

• AntWorks

• Appian

• Automation Anywhere, Inc.

• Datamatics Global Services Limited

• Hyperscience

• IBM Corporation

• Open Text Corporation

• SHI International Corp

• UiPath