AI Drives a Surge in Document Process Management Market

The global increase in demand for automation drives the document process management growth which alters the way industries approach unstructured and structured information.

Intelligent Document Processing (IDP) Solution Market is actively developing, driven by the increasing need for the efficient management of document processes. As organizations continue to adopt automation, document process management has been taking center stage in the smoothing of workflows, enhancing accuracy, and eliminating manual efforts.

Artificial Intelligence, Optical Character Recognition (OCR) and Natural Language Processing (NLP) allow IDP platforms to transform the manner in which enterprises handle unstructured data. Whether it is BFSI or healthcare, industries are moving toward the adoption of these tools to help redesign the legacy documentation processes into smart, real-time practices.

North America is in the lead, as powerful AI infrastructure and digitally native businesses are the driving force. The software section is still leading, offering scalable and flexible document process management in both large companies and smaller ones (SMEs).

With businesses wanting integrated solutions, the combination of document process management with Robotic Process Automation (RPA) and cloud technologies is an invaluable opportunity. Although several challenges such as expensive initial investment and the issue of data privacy might emerge, the worldwide trend of digital transformation is turning document process management into not a tool but a requirement.