This report identifies key demand-side trends in the document processing space, helping enterprises improve their document processing capabilities. It provides an overview of key observations and business challenges that Avasant considers important to highlight in this space.

Why read this Market Insights?

Government e-invoicing mandates, integration with enterprise systems, and evolving Gen AI use cases have fueled a surge in intelligent document processing (IDP) adoption. To meet growing demand, vendors are investing in R&D, patented applications, and the development of industry- and domain-specific IDP solutions to accelerate time to market. Larger enterprise application providers are also acquiring IDP vendors to strengthen their product portfolios, driving industry consolidation and workflow optimization. These developments have transformed IDP from a “good-to-have” to an essential operational tool, enabling faster deployments, deeper insights, and improved business efficiency.

The Intelligent Document Processing Platforms 2024–2025 Market Insights™ aids organizations in identifying important market trends and expectations, guiding strategic decisions to optimize operational efficiency and performance in document processing.

Methodology

The industry insights presented in this report are based on our ongoing interactions with enterprise CXOs and other key executives; targeted discussions with platform vendors, subject matter experts, and Avasant Fellows; analyst insights from primary and secondary research; and lessons learned from consulting engagements.

Table of contents

About the report (Page 3)

Executive summary (Pages 4–7)

• • Definition and scope of intelligent document processing platforms
  • Avasant recognizes 17 top-tier vendors supporting the enterprise adoption of document processing solutions
  • Key enterprise IDP platforms trends shaping the market

Demand-side trends (Pages 8–15)

• • IDP adoption by enterprises has risen by 22%, driven by e-invoicing mandates, integration across enterprise systems, and evolving Gen AI-backed use cases
  • Over the past 24 months, the proportion of semi-structured documents processed has risen by 25% due to advancement in multimodal processing capabilities
  • Banking and insurance sectors are leading the adoption of IDP platforms
  • With increasing IDP platform adoption in banking and insurance, vendors are launching solutions for loan processing, fraud detection, and risk assessment
  • Finance and accounting lead the demand for Gen AI-backed IDP platforms across enterprise business functions
  • Gen AI empowers IDP platforms to achieve high data extraction accuracy and reduce time to market for business solutions
  • Enterprise system providers are incorporating document processing capabilities into their BPM, CRM, ERP, ECM, and HIS solutions by acquiring IDP vendors

Key contacts (Page 16)

Read the Research Byte based on this report. Please refer to Avasant’s Intelligent Document Processing Platforms 2024–2025 RadarView™ for detailed insights on the platform vendors and supply-side trends.