Intelligent Document Processing (IDP) – Technology Vendor Landscape with Products PEAK Matrix® Assessment 2021

Intelligent Document Processing (IDP) products find a wide variety of uses in classifying and extracting information from structured, semi-structured, and unstructured documents by leveraging AI technologies such as Optical Character Recognition (OCR), computer vision, Natural Language Processing (NLP), and machine/deep learning. They are offered as either platforms that can be deployed as out-of-the-box solutions using pre-built modules or as custom solutions based on buyer requirements. IDP solutions help enterprises achieve cost savings, while improving their workforce productivity and employee and customer experience. These products are also rapidly evolving in the sophistication of their capabilities, features, and functionalities. To achieve success, it is critical to select the right enterprise-grade IDP technology partner. In this report, we assess 27 leading technology vendors in terms of their IDP product’s vision & capability and market impact and categorize them into Leaders, Major Contenders, Aspirants, and Star Performers. The research will help buyers select the right-fit technology vendor for their needs, while technology vendors will be able to benchmark themselves against each other