Intelligent Document Processing Market Analysis

Deployment (Cloud, On-Premises)

The cloud segment in the intelligent document processing market is estimated to gain a robust revenue share of about 57% in the coming years owing to the increasing development of cloud solutions. For instance, ABBYY Vantage OCR skill automated cloud OCR service was launched in 2022, and this can help with converting unstructured documents into structured and actionable content within less time. Cloud-based intelligent document processing is cost-effective, provides analytics capabilities, and helps in tracking performance.

According to estimates, global end-user spending on public cloud services will increase by over USD 590 billion in 2023.

End-User (BFSI, Healthcare, Retail, Government, Life Sciences)

The BFSI segment in the intelligent document processing market is set to garner a notable share shortly owing to the large volume of documents processed daily by the BFSI sector in regard to providing products and services. With the COVID-19 pandemic, the BFSI sector witnessed a massive shift to AI as supply chains were disrupted and manual processing was halted.

According to reports, the BFSI sector’s CEOs have quoted the need for AI-enabled Intelligent Document Processing solutions that can help with productivity and overall revenue. Besides this, the need for seamless execution of transactions and ensuring streamlined workflow is also projected to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

Component	Solutions Services
Deployment Mode	Cloud On-Premises
Organization Size	Small Medium Large Enterprises
End-User Vertical	BFSI Healthcare Retail Government Life Sciences

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of intelligent document processing is estimated at USD 2.86 billion.

The intelligent document processing market size was over USD 2.28 billion in 2024 and is projected to cross USD 66 billion by the end of 2037, growing at more than 31.4% CAGR during the forecast period i.e., between 2025-2037. 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 will boost the market growth.

Asia Pacific industry share is estimated to reach 24% by 2037, led by increasing investments in the digital transformation sector in the region.

The major players in the market include ABBYY, Automation Anywhere, Inc., Kofax Inc., WorkFusion, Inc., UiPath, IBM, Appian, HCL Technologies Ltd., HYPERSCIENCE, AntWork.

Intelligent Document Processing Market Analysis