Intelligent Document Processing (IDP) is a technology that uses advanced technologies such as artificial intelligence, machine learning, and natural language processing to automate the extraction and processing of information from various types of documents. The IDP market has seen significant growth in recent years due to its ability to streamline business processes, reduce manual data entry, and enhance overall operational efficiency. The global Intelligent Document Processing (IDP) market size was USD 1.04 Billion in 2021 and is expected to register a revenue CAGR of 35.2% during the forecast period. Key drivers of the market include the need to improve operational efficiency, the exponential growth of unstructured data, and compliance requirements.
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