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Authors: Dan Lucarini & Alan Pelz-Sharpe
Intelligent document processing (IDP) software is powered by AI and is used to automate document processing by assisting – or even replacing – human work. In this 50 page report, we provide a thorough and comprehensive look into the IDP software market, forecast its size and growth, and list the factors contributing to its historical and future growth.
A special section is devoted to our research findings on generative AI (GenAI) and its disruptive impact on IDP. With GenAI still at the very early stage, the market has yet to see a revenue boost from this transformative technology. If GenAI can fulfill its potential to put IDP onto every computer and smartphone, IDP use cases will expand exponentially and we think the market could grow to over $20 billion by 2033.
We also provide unique and valuable insight for vendors, including key findings from our November/ December 2023 survey of the top companies about revenue growth and forecasts, their top challenges, and their adoption of generative AI. On the other side of the equation, Deep Analysis researched over 350 companies for this report and we offer advice for companies looking to buy IDP software. The report includes summaries of the software companies we find particularly innovative at solving real business problems. We also include our choices for the 2023 IDP Innovation awards and the Ones to Watch Innovators for 2024.
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