Automation Anywhere, Inc. introduced its next-generation intelligent document processing (IDP) solution with AI technologies along with advanced machine learning technologies to let customers take advantage of its already-trained document parsers to handle a range of application scenarios and enable businesses to automate, and streamline operations.
Kofax Inc. introduced TotalAgility 7.11 with improved Intelligent Document Processing (IDP), which helps in addressing crucial, unstructured data out of the box, and enables customers to automate operations 50% faster with their new Quick Robotic Process Automation designer. Further, the platform allows users to store passwords and other private information in external cloud storage services and encourages the use of automation by both business users and engineers.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4826
Published Date: Jul 27, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The rising need for enterprises to process large volumes of structured and unstructured documents with utmost accuracy and the rise in the adoption of advanced technologies are the major factors driving the growth of the market.
The market size of intelligent document processing is anticipated to attain a CAGR of 40.50% over the forecast period, i.e., 2023 – 2035.
The major players in the market are Automation Anywhere, Inc., Kofax Inc., WorkFusion, Inc., UiPath, IBM, Appian, HCL Technologies Ltd., HYPERSCIENCE, and AntWork.
The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.