Intelligent Document Processing Market Poised to Hit $7.4 Billion by 2031

Rising demand for faster, accurate, and paperless operations fuels rapid adoption of IDP solutions across industries.

The global Intelligent Document Processing (IDP) market is set for explosive growth, projected to reach USD 7.4 billion by 2031, expanding at a CAGR of 21.7% from 2022, according to a recent report by Allied Analytics LLP. Valued at USD 1.1 billion in 2021, IDP is emerging as a key enabler of digital transformation for enterprises worldwide.

IDP solutions help organizations turn unstructured or semi-structured data found in invoices, contracts, forms, emails, and other business documents, into accurate, actionable information. By combining artificial intelligence, machine learning, natural language processing, and optical character recognition, these platforms drastically reduce manual workloads and improve operational efficiency.

Industries from banking, financial services, and healthcare to government, logistics, and retail are increasingly relying on IDP to streamline document-heavy processes, ensure compliance, and accelerate workflows. The rise of remote work, digital onboarding, and paperless operations has further accelerated the adoption of these automated solutions, making IDP a foundational technology for modern enterprises.

As businesses continue to embrace digital transformation, IDP is proving to be a critical tool that transforms how organizations handle information, turning mountains of paperwork into structured insights with speed, accuracy, and reliability.