Government e-invoicing mandates, greater integration with enterprise systems, and the rise of Gen AI use cases have driven a surge in IDP adoption. In response, vendors are enhancing their platforms with patented technologies and developing industry-specific IDP solutions to accelerate time to market. Larger enterprise application providers are acquiring IDP vendors to expand their portfolios, fueling industry consolidation and workflow optimization. These advancements have elevated IDP to an essential operational tool within traditional enterprise systems, enabling faster deployments and improved efficiency across business functions.
Both demand- and supply-side trends are covered in Avasant’s Intelligent Document Processing Platforms 2024–2025 Market Insights™ and Intelligent Document Processing Platforms 2024–2025 RadarView™, respectively. These reports present a comprehensive study of intelligent document processing platform vendors and closely examine the market leaders, innovators, disruptors, and challengers in this space. They also provide a view of key market trends and developments impacting the document processing space.
Avasant evaluated 29 platform vendors across three dimensions: product maturity, enterprise ecosystem, and future readiness. Of these 29 vendors, we recognized 17 that brought the most value to the market over the past 24 months.
The report recognizes platform vendors in four categories:
Figure 1 below from the full report illustrates these categories:
“Intelligent document processing has become a cornerstone of modern enterprise technology, fueled by global e-invoicing mandates and deeper integration with ERP and CRM systems,” said Anupam Govil, Avasant partner and digital practice lead. “IDP has shifted from a ‘good-to-have’ to a critical tool for operational efficiency.”
The reports provide a number of findings, including the following:
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
With increasing IDP platform adoption in banking and insurance, vendors are launching solutions for loan processing, fraud detection, and risk assessment
Enterprise system providers are incorporating document processing capabilities into their BPM, CRM, ERP, ECM, and HIS solutions by acquiring IDP vendors
“Enterprise application providers are enhancing their capabilities by acquiring document processing platforms to automate data extraction and streamline information flow within systems,” said Chandrika Dutt, associate research director with Avasant. “This underscores the pivotal role of document processing in enterprise digital transformation.”
The Intelligent Document Processing Platforms 2024–2025 RadarView™ features detailed profiles of 17 platform vendors, along with an overview of their solutions, offerings, and experience in assisting enterprises in their process mining journey.
This Research Byte is a brief overview of Avasant’s Intelligent Document Processing Platforms 2024–2025 Market Insights™ and Intelligent Document Processing Platforms 2024–2025 RadarView™ (click for pricing).
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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