The intelligent document processing (IDP) solution helps organizations automate and streamline the process of capturing, classifying, and extracting relevant information from structured, semi-structured, and unstructured documents for further processing. IDP typically leverages artificial intelligence (AI), natural language processing (NLP), computer vision, deep learning, and machine learning (ML) for document processing.
Quadrant Knowledge Solutions’ IDP market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate. This research provides strategic information for technology vendors to better understand the existing market, support their growth strategies, and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading IDP solution vendors with a global impact. The SPARK Matrix includes an analysis of vendors, including ABBYY, AntWorks Automation Anywhere, Datamatics, EdgeVerve Systems, Ephesoft, Grooper, Hyperscience, i3systems, IBM, Indico Data, Infrrd, JIFFY.ai, Kofax, Nividous, OpenText, Parascript, Parashift, qBotica, Rossum, UST, and WorkFusion.
According to Pranjal Singh, Analyst at Quadrant Knowledge Solutions, “Organizations are using IDP solutions for automating and streamlining the process of document capturing, classifying, and extracting relevant information from structured, semi-structured, and unstructured documents for further processing. An IDP solution utilizes technologies, such as AI, deep learning, computer vision, and NLP for automating document processing to improve process efficiency, resource utilization, and productivity. With these technological advancements, IDP is expected to gain widespread adoption across industry verticals, such as logistics, manufacturing, retail, and telecommunications”
2021 Intelligent Document Processing (IDP) SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
- Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Intelligent Document Processing (IDP) Market
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