target audience: TECH SUPPLIER  Publication date: Sep 2024 - Document type: Market Analysis Perspective - Doc  Document number: # US52620624

Market Analysis Perspective: Worldwide Document Understanding AI Software, 2024

By:  Matt Arcaro Loading

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Abstract


This IDC Market Analysis Perspective (MAP) discusses the current state and outlook of the worldwide document understanding AI software market. Document understanding AI, a subsegment of intelligent document processing (IDP), represents the high-growth area enabling the classification, extraction, validation, and enrichment of an increasing number of document types. Further, as generative AI (GenAI) capabilities continue to evolve and mature, IDC sees the eventual integration of GenAI into document understanding AI products and greater go-to-market strategies. This document helps technology buyers and suppliers understand IDC's views and analysis of this emerging, evolving, and growing market based on 2024 results and 2025 expectations.



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