A recent Markets and Markets study expects the global Intelligent
Document Processing (IDP) market to grow at a compound annual gross
increased rate (CAGR) of 37.5% from 2022 to 2027. This growth is being
driven by the pressing need for organizations to process large volumes of
semi-structured and unstructured documents, store them and access them
securely, and make them available for advanced analytics. Today, this
workflow is part of a company’s operational heart. How enterprises handle
document processing using IDP solutions is a showcase for how this
technology category is an important enabler of faster operations,
innovation, and competitiveness.