Idp Industry Statistics

In this post, we will explore key statistics and trends shaping the Intelligent Document Processing (IDP) industry. From market projections and regional dominance to sector-specific adoption rates and technological advancements, these data points offer valuable insights into the evolving landscape of IDP solutions. Whether you’re new to the IDP sector or seeking to deepen your understanding, these statistics provide a comprehensive overview of the industry’s current state and future prospects.

Statistic 1

"As per IDC, the global intelligent document processing (IDP) market is projected to reach $1.1 billion by 2025."

Statistic 2

"North America holds the largest share of the IDP market due to the region's large tech-savvy population."

Statistic 3

"The Banking, Financial Services, and Insurance (BFSI) sector is the most significant user of Intelligent Document Processing (IDP) services."

Statistic 4

"Adoption of cloud-based solutions for intelligent document processing is projected to grow at the highest CAGR."

Statistic 5

"The Artificial Intelligence in the IDP market is expected to grow at a CAGR of 27.8% from 2020 to 2027."

Statistic 6

"In 2020, the South Asian IDP industry experienced a growth rate of around 17.2%."

Statistic 7

"The global IDP market was valued at $506.1 million in the year 2020."

Statistic 8

"The incorporation of IDP in customer relations management is expected to grow by 20.3% between 2020 and 2027."

Statistic 9

"The Middle East and Africa accounted for only 2% of the total IDP market share in 2020."

Statistic 10

"The healthcare sector's use of IDP technology is predicted to grow at a CAGR of over 18% by 2027."

Statistic 11

"In 2020, the IDP market in Latin America was valued at around $35 million."

Statistic 12

"Around 80% of enterprises implemented or considering Intelligent Document Processing (IDP) in 2020."

Statistic 13

"In 2018, the main providers of IDP technology accounted to over 60% of the total market revenue."

Statistic 14

"As of 2020, only 25% of enterprises have fully automated their document processing."

Statistic 15

"The integration of IDP with ERP is projected to grow at a CAGR of 22.8% between 2019 and 2027."

Statistic 16

"The market share of small and medium enterprises (SMEs) in the IDP market will increase by 30% between 2020 and 2027."

Statistic 17

"As of 2020, IDP technology's share in the public sector was recorded at around 22.3%."

Statistic 18

"By 2025, the use of cloud-based Intelligent Document Processing (IDP) solutions is expected to increase by 45%."

Statistic 19

"AI-based IDP systems accounted for nearly 60% of the global IDP market in 2019."

Statistic 20

"Europe holds the second-largest share in the global IDP market at 28%, as of 2020."

The global Intelligent Document Processing (IDP) market is witnessing significant growth and is projected to reach $1.1 billion by 2025, with North America leading the market due to its tech-savvy population. The Banking, Financial Services, and Insurance (BFSI) sector is a major user of IDP services, while the adoption of cloud-based solutions and Artificial Intelligence is on the rise. Different regions show varying levels of market penetration, with South Asia, Latin America, Middle East, and Africa each contributing differently. Overall, there is a growing trend towards incorporating IDP technology in various sectors, with high potential for future growth and innovation.