The North America Intelligent Document Processing Market would witness market growth of 27.4% CAGR during the forecast period (2021-2027).
Intelligent Document Processing is an important component of intelligent automation. Automation is possible till there is an availability of data for work. Through the standard RPA systems, establishing data extraction to perform automation is mostly categorized as an altogether a different 3rd party project that adds to the costs and also fragile integration points. It is important to effectively extract data and structure data, which helps in automating a major part of business procedures that currently depend on manual inputs & intervention. The implementation of Intelligent Document Processing in the RPA platform enables business customers to automate procedures end-to-end. At the time, when IDP & RPA combined together in one platform, the major part of the automation is seamlessly working in sync.
The growing requirement for enterprises to process huge amounts of semi-structured & unstructured documents with more precision & speed would bolster the growth of the market. In addition, the rising investments in digital transformation and the increasing adoption of cloud-based document processing solutions are estimated to fuel the Intelligent Document Processing market during the forecast period.
Various verticals like transportation & logistics, BFSI, healthcare & life sciences, and manufacturing, are the leading industries adopting intelligent document processing solutions. There are many companies, which are shifting their focus towards automating internal business functions that opened an opportunity to polish and simplify numerous business activities via the adoption of intelligent document processing. All such aspects are estimated to result in the high adoption of intelligent document processing solutions in the North America region.
The US and Canada are among the leading nations of the region in the intelligent document processing market. The high adoption rate of advanced solutions & systems, especially intelligent document processing solutions is supporting the growth of the market. In addition, the growing penetration of process management & automation solutions across the companies in this region.
Additionally, the rising investment to optimize their business operations by the companies is among the major factors surging the growth of the market. The presence of key players like ABBYY, Kofax, and IBM in North America is contributing to the growth of the regional market. Moreover, the SMEs and large enterprises of this region are increasingly adopting these solutions, which would augment the market growth.
The US market dominated the North America Intelligent Document Processing Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $349.9 million by 2027. The Canada market is experiencing a CAGR of 32.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 31.6% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Transportation & Logistics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Intelligent Document Processing Market is Estimated to Reach USD 4.1 Billion by 2027 at a CAGR of 29.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include OpenText Corporation, IBM Corporation, ABBYY Solutions Limited, Appian Corporation, Automation Anywhere, Inc., UiPath, Inc., WorkFusion, Inc., Datamatics Global Services Limited (Delta Infosolutions Private Limited), Deloitte Touche Tohmatsu Limited, and Kofax, Inc. (Thoma Bravo LLC).
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- BFSI
- Government & Defense
- IT & Telecom
- Healthcare
- Manufacturing
- Transportation & Logistics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- OpenText Corporation
- IBM Corporation
- ABBYY Solutions Limited
- Appian Corporation
- Automation Anywhere, Inc.
- UiPath, Inc.
- WorkFusion, Inc.
- Datamatics Global Services Limited (Delta Infosolutions Private Limited)
- Deloitte Touche Tohmatsu Limited
- Kofax, Inc. (Thoma Bravo LLC)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Intelligent Document Processing Market, by Component
1.4.2 North America Intelligent Document Processing Market, by Deployment Type
1.4.3 North America Intelligent Document Processing Market, by Enterprise Size
1.4.4 North America Intelligent Document Processing Market, by End User
1.4.5 North America Intelligent Document Processing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, May – 2021, May) Leading Players
Chapter 4. North America Intelligent Document Processing Market by Component
4.1 North America Intelligent Document Processing Solution Market by Country
4.2 North America Intelligent Document Processing Services Market by Country
Chapter 5. North America Intelligent Document Processing Market by Deployment Type
5.1 North America On-premise Intelligent Document Processing Market by Country
5.2 North America Cloud Intelligent Document Processing Market by Country
Chapter 6. North America Intelligent Document Processing Market by Enterprise Size
6.1 North America Large Enterprises Intelligent Document Processing Market by Country
6.2 North America Small & Medium Enterprises Intelligent Document Processing Market by Country
Chapter 7. North America Intelligent Document Processing Market by End User
7.1 North America BFSI Intelligent Document Processing Market by Country
7.2 North America Government & Defense Intelligent Document Processing Market by Country
7.3 North America IT & Telecom Intelligent Document Processing Market by Country
7.4 North America Healthcare Intelligent Document Processing Market by Country
7.5 North America Manufacturing Intelligent Document Processing Market by Country
7.6 North America Transportation & Logistics Intelligent Document Processing Market by Country
7.7 North America Others Intelligent Document Processing Market by Country
Chapter 8. North America Intelligent Document Processing Market by Country
8.1 US Intelligent Document Processing Market
8.1.1 US Intelligent Document Processing Market by Component
8.1.2 US Intelligent Document Processing Market by Deployment Type
8.1.3 US Intelligent Document Processing Market by Enterprise Size
8.1.4 US Intelligent Document Processing Market by End User
8.2 Canada Intelligent Document Processing Market
8.2.1 Canada Intelligent Document Processing Market by Component
8.2.2 Canada Intelligent Document Processing Market by Deployment Type
8.2.3 Canada Intelligent Document Processing Market by Enterprise Size
8.2.4 Canada Intelligent Document Processing Market by End User
8.3 Mexico Intelligent Document Processing Market
8.3.1 Mexico Intelligent Document Processing Market by Component
8.3.2 Mexico Intelligent Document Processing Market by Deployment Type
8.3.3 Mexico Intelligent Document Processing Market by Enterprise Size
8.3.4 Mexico Intelligent Document Processing Market by End User
8.4 Rest of North America Intelligent Document Processing Market
8.4.1 Rest of North America Intelligent Document Processing Market by Component
8.4.2 Rest of North America Intelligent Document Processing Market by Deployment Type
8.4.3 Rest of North America Intelligent Document Processing Market by Enterprise Size
8.4.4 Rest of North America Intelligent Document Processing Market by End User
Chapter 9. Company Profiles
9.1 OpenText Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.5.2 Partnerships, Collaborations, and Agreements:
9.2.5.3 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 ABBYY Solutions Limited
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Acquisition and Mergers:
9.3.2.2 Partnerships, Collaborations, and Agreements:
9.3.2.3 Product Launches and Product Expansions:
9.4 Appian Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.5.2 Partnerships, Collaborations, and Agreements:
9.4.5.3 Product Launches and Product Expansions:
9.5 Automation Anywhere, Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.6 UiPath, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Acquisition and Mergers:
9.6.2.2 Partnerships, Collaborations, and Agreements:
9.6.2.3 Product Launches and Product Expansions:
9.7 WorkFusion, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and Product Expansions:
9.8 Datamatics Global Services Limited (Delta Infosolutions Private Limited)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 Deloitte Touche Tohmatsu Limited
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Product Launches and Product Expansions:
9.10. Kofax, Inc. (Thoma Bravo LLC)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Acquisition and Mergers:
9.10.2.2 Partnerships, Collaborations, and Agreements:
9.10.2.3 Product Launches and Product Expansions:
TABLE 1 North America Intelligent Document Processing Market, 2017 - 2020, USD Million
TABLE 2 North America Intelligent Document Processing Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Intelligent Document Processing Market
TABLE 4 Product Launches And Product Expansions– Intelligent Document Processing Market
TABLE 5 Acquisition and Mergers– Intelligent Document Processing Market
TABLE 6 North America Intelligent Document Processing Market by Component, 2017 - 2020, USD Million
TABLE 7 North America Intelligent Document Processing Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Intelligent Document Processing Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Intelligent Document Processing Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Intelligent Document Processing Services Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Intelligent Document Processing Services Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Intelligent Document Processing Market by Deployment Type, 2017 - 2020, USD Million
TABLE 13 North America Intelligent Document Processing Market by Deployment Type, 2021 - 2027, USD Million
TABLE 14 North America On-premise Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 15 North America On-premise Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Cloud Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Cloud Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Intelligent Document Processing Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 19 North America Intelligent Document Processing Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 20 North America Large Enterprises Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Large Enterprises Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Small & Medium Enterprises Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Small & Medium Enterprises Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Intelligent Document Processing Market by End User, 2017 - 2020, USD Million
TABLE 25 North America Intelligent Document Processing Market by End User, 2021 - 2027, USD Million
TABLE 26 North America BFSI Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 27 North America BFSI Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Government & Defense Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Government & Defense Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 30 North America IT & Telecom Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 31 North America IT & Telecom Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Healthcare Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Healthcare Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Manufacturing Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Manufacturing Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Transportation & Logistics Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Transportation & Logistics Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Others Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Others Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Intelligent Document Processing Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Intelligent Document Processing Market by Country, 2021 - 2027, USD Million
TABLE 42 US Intelligent Document Processing Market, 2017 - 2020, USD Million
TABLE 43 US Intelligent Document Processing Market, 2021 - 2027, USD Million
TABLE 44 US Intelligent Document Processing Market by Component, 2017 - 2020, USD Million
TABLE 45 US Intelligent Document Processing Market by Component, 2021 - 2027, USD Million
TABLE 46 US Intelligent Document Processing Market by Deployment Type, 2017 - 2020, USD Million
TABLE 47 US Intelligent Document Processing Market by Deployment Type, 2021 - 2027, USD Million
TABLE 48 US Intelligent Document Processing Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 49 US Intelligent Document Processing Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 50 US Intelligent Document Processing Market by End User, 2017 - 2020, USD Million
TABLE 51 US Intelligent Document Processing Market by End User, 2021 - 2027, USD Million
TABLE 52 Canada Intelligent Document Processing Market, 2017 - 2020, USD Million
TABLE 53 Canada Intelligent Document Processing Market, 2021 - 2027, USD Million
TABLE 54 Canada Intelligent Document Processing Market by Component, 2017 - 2020, USD Million
TABLE 55 Canada Intelligent Document Processing Market by Component, 2021 - 2027, USD Million
TABLE 56 Canada Intelligent Document Processing Market by Deployment Type, 2017 - 2020, USD Million
TABLE 57 Canada Intelligent Document Processing Market by Deployment Type, 2021 - 2027, USD Million
TABLE 58 Canada Intelligent Document Processing Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 59 Canada Intelligent Document Processing Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 60 Canada Intelligent Document Processing Market by End User, 2017 - 2020, USD Million
TABLE 61 Canada Intelligent Document Processing Market by End User, 2021 - 2027, USD Million
TABLE 62 Mexico Intelligent Document Processing Market, 2017 - 2020, USD Million
TABLE 63 Mexico Intelligent Document Processing Market, 2021 - 2027, USD Million
TABLE 64 Mexico Intelligent Document Processing Market by Component, 2017 - 2020, USD Million
TABLE 65 Mexico Intelligent Document Processing Market by Component, 2021 - 2027, USD Million
TABLE 66 Mexico Intelligent Document Processing Market by Deployment Type, 2017 - 2020, USD Million
TABLE 67 Mexico Intelligent Document Processing Market by Deployment Type, 2021 - 2027, USD Million
TABLE 68 Mexico Intelligent Document Processing Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 69 Mexico Intelligent Document Processing Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 70 Mexico Intelligent Document Processing Market by End User, 2017 - 2020, USD Million
TABLE 71 Mexico Intelligent Document Processing Market by End User, 2021 - 2027, USD Million
TABLE 72 Rest of North America Intelligent Document Processing Market, 2017 - 2020, USD Million
TABLE 73 Rest of North America Intelligent Document Processing Market, 2021 - 2027, USD Million
TABLE 74 Rest of North America Intelligent Document Processing Market by Component, 2017 - 2020, USD Million
TABLE 75 Rest of North America Intelligent Document Processing Market by Component, 2021 - 2027, USD Million
TABLE 76 Rest of North America Intelligent Document Processing Market by Deployment Type, 2017 - 2020, USD Million
TABLE 77 Rest of North America Intelligent Document Processing Market by Deployment Type, 2021 - 2027, USD Million
TABLE 78 Rest of North America Intelligent Document Processing Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 79 Rest of North America Intelligent Document Processing Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 80 Rest of North America Intelligent Document Processing Market by End User, 2017 - 2020, USD Million
TABLE 81 Rest of North America Intelligent Document Processing Market by End User, 2021 - 2027, USD Million
TABLE 82 Key Information – OpenText Corporation
TABLE 83 Key information – IBM Corporation
TABLE 84 Key Information – ABBYY Solutions Limited
TABLE 85 key information – Appian Corporation
TABLE 86 Key Information – Automation Anywhere, Inc.
TABLE 87 Key Information – UiPath, Inc.
TABLE 88 Key information – WorkFusion, Inc.
TABLE 89 Key information – DATAMATICS Global Services Limited
TABLE 90 Key information – Deloitte Touche Tohmatsu Limited
TABLE 91 Key Information – Kofax, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, May – 2021, May) Leading Players
FIG 5 Swot analysis: OpenText Corporation
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: ABBYY Solutions Limited
FIG 9 Recent strategies and developments: Appian Corporation
FIG 10 Recent strategies and developments: UiPath, Inc.
FIG 11 Recent strategies and developments: Datamatics Global Services Limited
FIG 12 Recent strategies and developments: Deloitte Touche Tohmatsu Limited
FIG 13 Recent strategies and developments: Kofax, Inc.