Intelligent Document Processing Market Size

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

The reason behind the growth is impelled by the rising need for enterprises to process large volumes of structured and unstructured documents with utmost accuracy and speed. For instance, according to various reports, more than 75% of business data at present are unstructured. This necessitates the use of intelligent document processing which is one of the most potent techniques since it allows businesses to handle massive amounts of unstructured data and turns it into meaningful information that individuals can utilize to make informed business decisions.

The rise in the adoption of advanced technologies is believed to fuel market growth. By integrating several technologies, intelligent document processing can increase business operation efficiency and improve document outsourcing. Corporate operations refer to the use of intelligent document processing along with technologies including OCR, ML, and NLP. It is estimated that organizations on average are allocating 64% of tech spend in operations and around 36% in the growth and innovation sector.