Banking-specific Intelligent Document Processing (IDP) Solutions
Market
Banking-specific Intelligent Document Processing (IDP) Solutions Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Banking-specific Intelligent Document Processing (IDP) Solutions Market Size and Growth
The Banking-specific Intelligent Document Processing (IDP) Solutions market is experiencing robust growth, driven by increasing automation needs and regulatory compliance. The market size is projected to reach approximately $1.5 billion by 2025, reflecting a CAGR of over 20%. Enhanced operational efficiency and improved data accuracy are key market drivers.
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Companies Covered
(Covid 19 Impact Covered)
◍ WorkFusion
◍ UiPath
◍ ABBYY
◍ AYR
◍ Tungsten Automation
◍ Indico Data
◍ Appian
◍ EXL
◍ AntWorke
◍ Datamatics
◍ Parashift
◍ ExB
The Banking-specific Intelligent Document Processing (IDP) solutions market features companies like WorkFusion, UiPath, and ABBYY, enhancing operational efficiency through automation and data extraction. These firms leverage AI and machine learning to streamline document handling, driving market growth by optimizing workflows and improving compliance. Sales figures include:
- UiPath: $1.07 billion (2022)
- ABBYY: Approx. $200 million (2022)
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Market Segmentation
By Application
SMEs
Large Enterprises
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By Product
Cloud Based
On-premises
Market Growth
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$ X Billion USD
