What is the projected growth of the intelligent document processing market?

The IDP market is projected to reach $24.33 billion by 2032, with a CAGR of 32.25% from 2025 to 2032.

Which technologies are driving the intelligent document processing market?

Key technologies include AI, machine learning, NLP, and OCR, enabling advanced data extraction and automation.

Which industries are leading the adoption of intelligent document processing?

The BFSI and healthcare sectors are leading adoption due to their heavy reliance on document-intensive processes.

Home / Business and Economy / IDP Market Surges: $24B by 2032!

IDP Market Surges: $24B by 2032!

11 Dec

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Summary

IDP market projected to reach $24.33 billion by 2032.
AI, ML, and NLP drive document processing automation.
BFSI and healthcare sectors are key adoption drivers.

The global intelligent document processing (IDP) market is set for remarkable expansion, with projections indicating a valuation of $24.33 billion by 2032. This growth is propelled by the increasing adoption of automation, AI-driven data extraction, and the demand for efficient document workflows across various enterprises.

Core to this transformation are technologies like AI, machine learning, and natural language processing, which are revolutionizing how businesses handle document-intensive operations. Sectors such as financial services, healthcare, and government are prioritizing IDP solutions to enhance accuracy, reduce costs, and meet stringent regulatory demands.

Large enterprises are currently the primary adopters, but small and medium-sized businesses are expected to see the highest growth. Cloud-based solutions and integrated platforms offering end-to-end document processing are becoming standard, with the BFSI and healthcare industries showing significant adoption rates.