Technology, Media and Telecommunications Document Analysis Market to 2027 - ...

Document Analysis Market to 2027 - Global Analysis and Forecasts by Solutions (Products and Services); Deployment Type (Cloud and On-premise); Organization Size (Large Enterprises and Small & Medium Enterprises (SMEs)); Industry Vertical (BFSI, Government, Healthcare, Retail, Manufacturing, and Others)

Publication Month: Mar 2020 | Report Code: TIPRE00007483 | No. of Pages: 165 | Category: Technology, Media and Telecommunications | Status: Published
Covid

The document analysis market was valued US$ 421.4 million in 2018 and is expected to reach US$ 8023.6 million by 2027 with a CAGR growth rate of 39.2% during the forecast period.   

 

Most of the business data in recent years are unstructured, and the end-users face a significant challenge in gathering meaningful insights from the data. The data are represented in various modules, including documents, emails, spreadsheets, audio & visual, presentations, images, and web searches, among others. In order to gain maximum information from the unstructured data, several end-users or industries are opting for document analysis software, which facilitates them in extracting important insights. The rising demand for the extraction of insights from unstructured data is catalyzing the growth of the document analysis market over the years. The awareness related to the advantages of document analysis software is maximum among the large enterprises, which incurs enormous data on a daily basis. These large enterprises invest substantial amounts towards enhancing the respective business process and optimize the efficiency of the business. Thus, the demand for document analysis software among the large enterprises is at a constant rise, which is allowing the market players operating in the document analysis market to experience growth in respective sales, which is ultimately driving the document analysis market.

In addition, the cloud-based platform offering from various document analysis market players is a key catalyzer for market growth. This is due to the fact that most of the large enterprises across industry verticals are implementing artificial intelligence (AI) and the Internet of Things (IoT) in recent years. The cloud-based document analysis software utilizes AI and natural language processing (NLP) to develop insights from unstructured data. Also, the utilization of cloud-based solutions is easy and efficient, and facilitates in enhancing a business’s efficiency. Thus, rising implementation of AI and IoT across industries in developed countries and developing countries is propelling the market size of document analysis market.

 

In the IT sector, the economic strain resulting from COVID-19 and government measures to prevent the spread is expected to have a higher negative impact on IT services companies than any other sector of the industry as the contracts and prospective projects get canceled. The impact of COVID-19 on the IT services sector is expected to be immediate, deep, and long-lasting. As the lockdown across the globe is removed, and the world's economy moves back onto a business-as-usual foothold, the immediate objective of most companies will be to cut costs. Major IT projects are expected to be canceled or put on hold, leaving very little new business for the IT services sector. Also, existing projects are expected to be scaled back to the bare minimum; thus, as the document analysis market will get affected. Also as the number of SMEs, are expected to grow during the forecast period, due to the effect of COVID-19, these enterprises are also expected to try to reduce the cost spent on different software solutions.

 

Lucrative Regional Document Analysis Markets

Lucrative Regional Document Analysis Markets

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Market Insights

Demand for Gathering Meaningful Insights from Unstructured Data  

Most of the business data in recent years are unstructured, and the end-users face a significant challenge in gathering meaningful insights from the data. The data are represented in various modules, including documents, emails, spreadsheets, audio & visual, presentations, images, and web searches, among others. In order to gain maximum information from the unstructured data, several end-users or industries are opting for document analysis software, which facilitates them in extracting important insights. The rising demand for the extraction of insights from unstructured data is catalyzing the growth of the document analysis market over the years. The awareness related to the advantages of document analysis software is maximum among the large enterprises, which incurs enormous data on a daily basis. These large enterprises invest substantial amounts towards enhancing the respective business process and optimize the efficiency of the business. Thus, the demand for document analysis software among the large enterprises is at a constant rise, which is allowing the market players operating in the document analysis market to experience growth in respective sales, which is ultimately driving the document analysis market.

In addition, the cloud-based platform offering from various document analysis market players is a key catalyzer for market growth. This is due to the fact that most of the large enterprises across industry verticals are implementing artificial intelligence (AI) and the Internet of Things (IoT) in recent years. The cloud-based document analysis software utilizes AI and natural language processing (NLP) to develop insights from unstructured data. Also, the utilization of cloud-based solutions is easy and efficient and facilitates in enhancing a business’s efficiency. Thus, rising implementation of AI and IoT across industries in developed countries and developing countries is propelling the market size of document analysis market.

 

Solutions Insights

In solutions segment, the document analysis market, based on solution is segmented into product and services. The product segment in the global document analysis market accounted for the largest share in 2018. The companies in the document analysis market offer different products for various types of document analysis. These products help streamline document and data flow, which helps in ensuring agile decision making. For instance, in the retail industry, these products offer measurable and consistent business value to processes such as customer correspondence and claims, sales order processing, and accounts payable. The document analysis platform reads the unstructured documents, further redacting or extracting the information the customer needs and routes the data to the final destination.

 

Global Document Analysis Market, by Solution – 2019 & 2027

Global Document Analysis Market, by Solution – 2019 & 2027

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Deployment Type Insights

The document analysis market, by deployment type, is segmented into on-premise and cloud. The cloud segment in the global document analysis market accounted for the largest share in 2018. Unlike software deployed in-house, organizational activities are managed by third-party providers through cloud computing. Third-party providers permit companies to pay based on requirements and effectively scale up or down subjected to the overall usage, requirement of the user, and growth of the company. The cloud-based uses exploit virtual technology to host applications. The cloud-based software deployment feature data backup regularly eliminates capital overheads and also entitles companies to pay only for the resources they use.

The cloud gives an opportunity to enterprises to plan an expeditious expansion on a global scale as it provides a platform to connect with more clients, partners, customers, and other businesses across locations with minimum effort. In addition, the cloud-based deployment exhibits the feature of instant provisioning, as all applications are already configured needed to run the software. Once an organization has subscribed, any new software integrated into an environment is ready to use directly. Such instant provisioning feature eliminates time on installation and configuration, and allow users to access the application immediately.

 

Organization Size Insights

The document analysis market, by organization size, is segmented into SMEs and large enterprise. The large enterprise segment in the global document analysis market accounted for the largest share in 2018. The benefits conferred by document analysis software vendors are enough to attract large enterprises to integrate the document analysis solutions into their organizations. In any business, data is sourced in different forms of documents; however, with the further expansion of a large enterprise, analysis of various documents and ensuring consistency in practices and standards becomes difficult. Document analysis tools help address such concerns, but it is vital to ensure that the software selected comprise the right functionality. The market for the document analysis software for large enterprises is well-established, with front-runners such as HCL Technologies Limited and IBM Corporation.

 

Industry Vertical Insights

The document analysis market, by industry vertical, is segmented into BFSI, Government, Healthcare, Retail, Manufacturing, and Others. The BFSI segment in the global document analysis market accounted for the largest share in 2018. Banking, financial services, and insurance (BFSI) industries have a high potential for document analysis software due to the presence of substantial financial and personal data of customers. The BFSI dominated the global document analysis market in the year 2018. In these sectors, a high amount of sensitive data is generated and exchanged every day, which is expected to be analyzed for appropriate further action. The document analysis provides various benefits such as efficiency in decision making that brings out the errors in compliance checking, which is typically not possible by manual processing.

The document is a highly cost-effective method in the BFSI sector to reduce manpower intrusion by demonstrating productivity, quality, and proficiency. Also, this analysis software helps in accentuating data support to handle communications with regulators efficiently. Furthermore, in today’s competitive environment, document analysis technology has become an important part of many applications of the BFSI ecosystem, as analysis of a large amount of sensitive data regarding loans, assets, to assessing risks is necessary. Further, consumer behavior is transforming, and traditional banking practices and models are no longer adequate to achieve the increased efficiency in the analysis of data. Document analysis enables players in the market to pioneer in the dynamic business landscape and attain profitable and sustained growth. Hence, BFSI industries are more inclined towards the adoption of document analysis software, and this is expected to drive the growth of the document analysis market in the coming years.

 

Strategic Insights 

Merger & acquisition strategy is commonly adopted by companies in document analysis market to expand their footprint worldwide and meet the growing demand. This strategy in document analysis market is mostly observed in North America, Europe and Asia-Pacific. The players present in the document analysis market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally. Few of the recent acquisitions in document analysis market are listed below.

 

2019: Blue Prism announced an extended partnership with IBM. The partnership integrates three core capabilities of IBM Cloud Pak for Automation, with Blue Prism's digital workforce. Specific IBM Cloud Pak for Automation capabilities consist business automation content analyzer – an AI-powered data capture facility to extract and organize data from unstructured content, requiring minimal document training.   

 

2019: Automation Anywhere has declared advances to its IQ Bot, designed to accelerate intelligent automation to aid in intelligent document processing. The new version of IQ Bot, offers both via the cloud and on premises, expands AI-driven document processing capabilities seamlessly to almost any user and most businesses anywhere in the world.  

 

Document Analysis Market – By Solutions

  • Products
  • Services

Document Analysis Market – By Deployment Type

  • Cloud
  • On-premise

Document Analysis Market – By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

Document Analysis Market – By Industry Vertical

  • BFSI
  • Government
  • Healthcare
  • Retail
  • Manufacturing
  • Others

Document Analysis Market by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Turkey
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America 

 

Document Analysis Market: Companies Profiles

  • AntWorks
  • Automation Anywhere, Inc
  • Celaton
  • Datamatics Global Services Limited
  • Extract Systems
  • HCL Technologies
  • Hyland Software, Inc.
  • HYPERSCIENCE
  • IBM Corporation
  • OpenText Corporation

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Document Analysis Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        Asia Pacific

4.2.4        Middle East & Africa

4.2.5        South America

4.3       Ecosystem Analysis

5.             Document Analysis Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Demand for Gathering Meaningful Insights from Unstructured Data

5.1.2        BFSI Sector to Continue Stimulate the Demand

5.2       Market Restraints

5.2.1        Cybersecurity Pose a Critical Challenge

5.3       Market Opportunities

5.3.1        Growing Awareness in Developing Countries

5.4       Future Trends

5.4.1        Enhancing Business Process

5.5       Impact Analysis of Drivers And Restraints

6.             Document Analysis – Global Market Analysis

6.1       Document Analysis Market Overview

6.2       Document Analysis Market Forecast and Analysis

6.3       Market Positioning – Global Market Players

7.             Document Analysis Market Analysis – By Solutions

7.1       Overview

7.2       Document Analysis Market, By Solutions (2018 and 2027)

7.3       Products

7.3.1        Overview

7.3.1.1      Products: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

7.4       Services

7.4.1.1      Services: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

8.             Document Analysis Market Analysis – By Deployment Type

8.1       Overview

8.2       Document Analysis Market, By Deployment Type (2018 and 2027)

8.3       Cloud

8.3.1        Overview

8.3.1.1      Cloud: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

8.4       On-Premise

8.4.1        Overview

8.4.1.1      On-Premise: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

9.             Document Analysis Market Analysis – By Organization Size

9.1       Overview

9.2       Document Analysis Market, By Organization Size (2018 and 2027)

9.3       Large Enterprises

9.3.1        Overview

9.3.1.1      Large Enterprises: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

9.4       Small and Medium Enterprises (SMEs)

9.4.1        Overview

9.4.1.1      Small and Medium Enterprises (SMEs): Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

10.          Document Analysis Market Analysis – By Industry Vertical

10.1    Overview

10.2    Document Analysis Market, By Industry Vertical (2018 and 2027)

10.3    BFSI

10.3.1     Overview

10.3.1.1    BFSI: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

10.4    Government

10.4.1     Overview

10.4.1.1    Government: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

10.5    Healthcare

10.5.1     Overview

10.5.1.1    Healthcare: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

10.6    Retail

10.6.1     Overview

10.6.1.1    Retail: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

10.7    Manufacturing

10.7.1     Overview

10.7.1.1    Manufacturing: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

10.8    Others

10.8.1     Overview

10.8.1.1    Others: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

11.          Document Analysis Market – Geographic Analysis

11.1    Overview

11.2    North America: Document Analysis Market

11.2.1     North America: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.2.2     North America: Document Analysis Market, by Solutions

11.2.3     North America: Document Analysis Market, by Deployment Type

11.2.4     North America: Document Analysis Market, by Organization Size

11.2.5     North America: Document Analysis Market, by Industry Vertical

11.2.6     North America: Document Analysis Market, by Key Country

11.2.6.1    US: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.2.6.1.1    US: Document Analysis Market, by Solutions

11.2.6.1.2    US: Document Analysis Market, by Deployment Type

11.2.6.1.3    US: Document Analysis Market, by Organization Size

11.2.6.1.4    US: Document Analysis Market, by Industry Vertical

11.2.6.2    Canada: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.2.6.2.1    Canada: Document Analysis Market, by Solutions

11.2.6.2.2    Canada: Document Analysis Market, by Deployment Type

11.2.6.2.3    Canada: Document Analysis Market, by Organization Size

11.2.6.2.4    Canada: Document Analysis Market, by Industry Vertical

11.2.6.3    Mexico: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.2.6.3.1    Mexico: Document Analysis Market, by Solutions

11.2.6.3.2    Mexico: Document Analysis Market, by Deployment Type

11.2.6.3.3    Mexico: Document Analysis Market, by Organization Size

11.2.6.3.4    Mexico: Document Analysis Market, by Industry Vertical

11.3    Europe: Document analysis Market

11.3.1     Europe: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.2     Europe: Document Analysis Market, by Solutions

11.3.3     Europe: Document Analysis Market, by Deployment Type

11.3.4     Europe: Document Analysis Market, by Organization Size

11.3.5     Europe: Document Analysis Market, by Industry Vertical

11.3.6     Europe: Document Analysis Market, by Key Country

11.3.6.1    Germany: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.6.1.1    Germany: Document Analysis Market, by Solutions

11.3.6.1.2    Germany: Document Analysis Market, by Deployment Type

11.3.6.1.3    Germany: Document Analysis Market, by Organization Size

11.3.6.1.4    Germany: Document Analysis Market, by Industry Vertical

11.3.6.2    France: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.6.2.1    France: Document Analysis Market, by Solutions

11.3.6.2.2    France: Document Analysis Market, by Deployment Type

11.3.6.2.3    France: Document Analysis Market, by Organization Size

11.3.6.2.4    France: Document Analysis Market, by Industry Vertical

11.3.6.3    Italy: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.6.3.1    Italy: Document Analysis Market, by Solutions

11.3.6.3.2    Italy: Document Analysis Market, by Deployment Type

11.3.6.3.3    Italy: Document Analysis Market, by Organization Size

11.3.6.3.4    Italy: Document Analysis Market, by Industry Vertical

11.3.6.4    UK: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.6.4.1    UK: Document Analysis Market, by Solutions

11.3.6.4.2    UK: Document Analysis Market, by Deployment Type

11.3.6.4.3    UK: Document Analysis Market, by Organization Size

11.3.6.4.4    UK: Document Analysis Market, by Industry Vertical

11.3.6.5    Russia: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.6.5.1    Russia: Document Analysis Market, by Solutions

11.3.6.5.2    Russia: Document Analysis Market, by Deployment Type

11.3.6.5.3    Russia: Document Analysis Market, by Organization Size

11.3.6.5.4    Russia: Document Analysis Market, by Industry Vertical

11.3.6.6    Rest of Europe: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.3.6.6.1    Rest of Europe: Document Analysis Market, by Solutions

11.3.6.6.2    Rest of Europe: Document Analysis Market, by Deployment Type

11.3.6.6.3    Rest of Europe: Document Analysis Market, by Organization Size

11.3.6.6.4    Rest of Europe: Document Analysis Market, by Industry Vertical

11.4    APAC: Document Analysis Market

11.4.1     APAC: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.2     APAC: Document Analysis Market, by Solutions

11.4.3     APAC: Document Analysis Market, by Deployment Type

11.4.4     APAC: Document Analysis Market, by Organization Size

11.4.5     APAC: Document Analysis Market, by Industry Vertical

11.4.6     APAC: Document Analysis Market, by Key Country

11.4.6.1    Australia: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.6.1.1    Australia: Document Analysis Market, by Solutions

11.4.6.1.2    Australia: Document Analysis Market, by Deployment Type

11.4.6.1.3    Australia: Document Analysis Market, by Organization Size

11.4.6.1.4    Australia: Document Analysis Market, by Industry Vertical

11.4.6.2    China: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.6.2.1    China: Document Analysis Market, by Solutions

11.4.6.2.2    China: Document Analysis Market, by Deployment Type

11.4.6.2.3    China: Document Analysis Market, by Organization Size

11.4.6.2.4    China: Document Analysis Market, by Industry Vertical

11.4.6.3    India: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.6.3.1    India: Document Analysis Market, by Solutions

11.4.6.3.2    India: Document Analysis Market, by Deployment Type

11.4.6.3.3    India: Document Analysis Market, by Organization Size

11.4.6.3.4    India: Document Analysis Market, by Industry Vertical

11.4.6.4    Japan: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.6.4.1    Japan: Document Analysis Market, by Solutions

11.4.6.4.2    Japan: Document Analysis Market, by Deployment Type

11.4.6.4.3    Japan: Document Analysis Market, by Organization Size

11.4.6.4.4    Japan: Document Analysis Market, by Industry Vertical

11.4.6.5    South Korea: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.6.5.1    South Korea: Document Analysis Market, by Solutions

11.4.6.5.2    South Korea: Document Analysis Market, by Deployment Type

11.4.6.5.3    South Korea: Document Analysis Market, by Industry Vertical

11.4.6.5.4    South Korea: Document Analysis Market, by Industry Vertical

11.4.6.6    Rest of APAC: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.4.6.6.1    Rest of APAC: Document Analysis Market, by Solutions

11.4.6.6.2    Rest of APAC: Document Analysis Market, by Deployment Type

11.4.6.6.3    Rest of APAC: Document Analysis Market, by Organization Size

11.4.6.6.4    Rest of APAC: Document Analysis Market, by Industry Vertical

11.5    MEA: Document Analysis Market

11.5.1     MEA: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.5.2     MEA: Document Analysis Market, by Solutions

11.5.3     MEA: Document Analysis Market, by Deployment Type

11.5.4     MEA: Document Analysis Market, by Organization Size

11.5.5     MEA: Document Analysis Market, by Industry Vertical

11.5.6     MEA: Document Analysis Market, by Key Country

11.5.6.1    South Africa: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.5.6.1.1    South Africa: Document Analysis Market, by Solutions

11.5.6.1.2    South Africa: Document Analysis Market, by Deployment Type

11.5.6.1.3    South Africa: Document Analysis Market, by Organization Size

11.5.6.1.4    South Africa: Document Analysis Market, by Industry Vertical

11.5.6.2    Saudi Arabia: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.5.6.2.1    Saudi Arabia: Document Analysis Market, by Solutions

11.5.6.2.2    Saudi Arabia: Document Analysis Market, by Deployment Type

11.5.6.2.3    Saudi Arabia: Document Analysis Market, by Organization Size

11.5.6.2.4    Saudi Arabia: Document Analysis Market, by Industry Vertical

11.5.6.3    UAE: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.5.6.3.1    UAE: Document Analysis Market, by Solutions

11.5.6.3.2    UAE: Document Analysis Market, by Deployment Type

11.5.6.3.3    UAE: Document Analysis Market, by Organization Size

11.5.6.3.4    UAE: Document Analysis Market, by Industry Vertical

11.5.6.4    Rest of MEA: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.5.6.4.1    Rest of MEA: Document Analysis Market, by Solutions

11.5.6.4.2    Rest of MEA: Document Analysis Market, by Deployment Type

11.5.6.4.3    Rest of MEA: Document Analysis Market, by Organization Size

11.5.6.4.4    Rest of MEA: Document Analysis Market, by Industry Vertical

11.6    SAM: Document Analysis Market

11.6.1     SAM: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.6.2     SAM: Document Analysis Market, by Solutions

11.6.3     SAM: Document Analysis Market, by Deployment Type

11.6.4     SAM: Document Analysis Market, by Organization Size

11.6.5     SAM: Document Analysis Market, by Industry Vertical

11.6.6     SAM: Document Analysis Market, by Key Country

11.6.6.1    Brazil: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.6.6.1.1    Brazil: Document Analysis Market, by Solutions

11.6.6.1.2    Brazil: Document Analysis Market, by Deployment Type

11.6.6.1.3    Brazil: Document Analysis Market, by Organization Size

11.6.6.1.4    Brazil: Document Analysis Market, by Industry Vertical

11.6.6.2    Argentina: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.6.6.2.1    Argentina: Document Analysis Market, by Solutions

11.6.6.2.2    Argentina: Document Analysis Market, by Deployment Type

11.6.6.2.3    Argentina: Document Analysis Market, by Organization Size

11.6.6.2.4    Argentina: Document Analysis Market, by Industry Vertical

11.6.6.3    Rest of SAM: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

11.6.6.3.1    Rest of SAM: Document Analysis Market, by Solutions

11.6.6.3.2    Rest of SAM: Document Analysis Market, by Deployment Type

11.6.6.3.3    Rest of SAM: Document Analysis Market, by Organization Size

11.6.6.3.4    Rest of SAM: Document Analysis Market, by Industry Vertical

12.          Global Document Analysis Market-Industry Landscape

12.1    Overview

12.2    Market Initiative

12.3    New Development

13.          Key Company Profiles

13.1    IBM Corporation

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Automation Anywhere, Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    AntWorks

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    Celaton

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    Datamatics Global Services Limited

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    Extract Systems

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    HCL Technologies

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    Hyland Software, Inc.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    HYPERSCIENCE

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 OpenText Corporation

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.          Appendix

14.1    About The Insight Partners

14.2    Word Index

LIST OF TABLES

Table 1.            Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.            Global Document Analysis Market, by Region – Revenue and Forecast to 2027 (US$ Million)

Table 3.            North America Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 4.            North America Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.            North America Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 6.            North America Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 7.            North America Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 8.            US Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 9.            US Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 10.         US Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 11.         US Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 12.         Canada Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 13.         Canada Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 14.         Canada Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 15.         Canada Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 16.         Mexico Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 17.         Mexico Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 18.         Mexico Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 19.         Mexico Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 20.         Europe Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 21.         Europe Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 22.         Europe Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 23.         Europe Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 24.         Europe Document Analysis Market, by Key Country – Revenue and Forecast to 2027 (US$ Million)

Table 25.         Germany Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 26.         Germany Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 27.         Germany Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 28.         Germany Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 29.         France Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 30.         France Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 31.         France Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 32.         France Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 33.         Italy Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 34.         Italy Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 35.         Italy Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 36.         Italy Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 37.         UK Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 38.         UK Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 39.         UK Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 40.         UK Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 41.         Russia Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 42.         Russia Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 43.         Russia Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 44.         Russia Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 45.         Rest of Europe Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 46.         Rest of Europe Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 47.         Rest of Europe Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 48.         Rest of Europe Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 49.         APAC Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 50.         APAC Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 51.         APAC Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 52.         APAC Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 53.         APAC Document Analysis Market, by Key Country – Revenue and Forecast to 2027 (US$ Million)

Table 54.         Australia Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 55.         Australia Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 56.         Australia Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 57.         Australia Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 58.         China Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 59.         China Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 60.         China Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 61.         China Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 62.         India Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 63.         India Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 64.         India Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 65.         India Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 66.         Japan Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 67.         Japan Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 68.         Japan Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 69.         Japan Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 70.         South Korea Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 71.         South Korea Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 72.         South Korea Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 73.         South Korea Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 74.         Rest of APAC Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 75.         Rest of APAC Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 76.         Rest of APAC Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 77.         Rest of APAC Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 78.         MEA Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 79.         MEA Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 80.         MEA Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 81.         MEA Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 82.         Saudi Arabia Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 83.         Saudi Arabia Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 84.         Saudi Arabia Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 85.         Saudi Arabia Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 86.         Saudi Arabia Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 87.         Saudi Arabia Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 88.         Saudi Arabia Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 89.         Saudi Arabia Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 90.         UAE Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 91.         UAE Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 92.         UAE Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 93.         UAE Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 94.         Rest of MEA Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 95.         Rest of MEA Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 96.         Rest of MEA Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 97.         Rest of MEA Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 98.         SAM Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 99.         SAM Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 100.      SAM Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 101.      Brazil Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 102.      Brazil Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 103.      Brazil Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 104.      Brazil Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 105.      Argentina Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 106.      Argentina Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 107.      Argentina Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 108.      Argentina Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 109.      Rest of SAM Document Analysis Market, by Solutions – Revenue and Forecast to 2027 (US$ Million)

Table 110.      Rest of SAM Document Analysis Market, by Deployment Type – Revenue and Forecast to 2027 (US$ Million)

Table 111.      Rest of SAM Document Analysis Market, by Organization Size – Revenue and Forecast to 2027 (US$ Million)

Table 112.      Rest of SAM Document Analysis Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)

Table 113.      List of Abbreviation

 

LIST OF FIGURES

Figure 1.          Document Analysis Market Segmentation

Figure 2.          Document Analysis Market Segmentation – By Geography

Figure 3.          Global Document Analysis Market Overview

Figure 4.          Document Analysis Market, By Organization Size

Figure 5.          Document Analysis Market, By Geography

Figure 6.          North America PEST Analysis

Figure 7.          Europe PEST Analysis

Figure 8.          Asia Pacific – PEST Analysis

Figure 9.          Middle East & Africa PEST Analysis

Figure 10.       South America PEST Analysis

Figure 11.       Document Analysis Market Impact Analysis of Drivers And Restraints

Figure 12.       Document Analysis Market – Geographic Analysis

Figure 13.       Document Analysis Market Forecast and Analysis (US$ Million)

Figure 14.       Global Document Analysis Market Revenue Share, by Solutions (2018 and 2027)

Figure 15.       Products: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.       Services: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.       Global Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 18.       Cloud: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.       On-Premise: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.       Global Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 21.       Large Enterprises: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22.       Small and Medium Enterprises (SMEs): Document Analysis Market – Revenue, and Forecast to 2027  (US$ Million)

Figure 23.       Global Document Analysis Market Revenue Share, by Industry Vertical (2018 and 2027)

Figure 24.       BFSI: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 25.       Government: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 26.       Healthcare: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.       Retail: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 28.       Manufacturing: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 29.       Others: Document Analysis Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 30.       Global Document Analysis Market Revenue Share, by Region (2018 and 2027)

Figure 31.       North America: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.       North America Document Analysis Market Revenue Share, by Solutions (2018 and 2027)

Figure 33.       North America Document Analysis Market Revenue Share, by Deployment Type (2018 and 2027)

Figure 34.       North America Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 35.       North America: Document Analysis Market Revenue Share, by Industry Vertical (2018 and 2027)

Figure 36.       North America Document Analysis Market Revenue Share, by Key Country (2018 and 2027)

Figure 37.       US: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 38.       Canada: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 39.       Mexico: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40.       Europe: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41.       Europe: Document Analysis Market Revenue Share, by Solutions (2018 and 2027)

Figure 42.       Europe: Document Analysis Market Revenue Share, by Deployment Type (2018 and 2027)

Figure 43.       Europe: Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 44.       Europe: Document Analysis Market Revenue Share, by Industry Vertical (2018 and 2027)

Figure 45.       Europe: Document Analysis Market Revenue Share, by Key Country (2018 and 2027)

Figure 46.       Germany: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 47.       France: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 48.       Italy: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49.       UK: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50.       Russia: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 51.       Rest of Europe: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52.       APAC: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 53.       APAC: Document Analysis Market Revenue Share, by Solutions (2018 and 2027)

Figure 54.       APAC: Document Analysis Market Revenue Share, by Deployment Type (2018 and 2027)

Figure 55.       APAC: Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 56.       APAC: Document Analysis Market Revenue Share, by Industry Vertical (2018 and 2027)

Figure 57.       APAC: Document Analysis Market Revenue Share, by Key Country (2018 and 2027)

Figure 58.       Australia: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 59.       China: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.       India: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 61.       Japan: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 62.       South Korea: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 63.       Rest of APAC: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 64.       MEA: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 65.       MEA: Document Analysis Market Revenue Share, by Solutions (2018 and 2027)

Figure 66.       MEA: Document Analysis Market Revenue Share, by Deployment Type (2018 and 2027)

Figure 67.       MEA: Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 68.       MEA: Document Analysis Market Revenue Share, by Industry Vertical (2018 and 2027)

Figure 69.       MEA: Document Analysis Market Revenue Share, by Key Country (2018 and 2027)

Figure 70.       South Africa: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 71.       Saudi Arabia: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 72.       UAE: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 73.       Rest of MEA: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 74.       SAM: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 75.       SAM: Document Analysis Market Revenue Share, by Solutions (2018 and 2027)

Figure 76.       SAM: Document Analysis Market Revenue Share, by Deployment Type (2018 and 2027)

Figure 77.       SAM: Document Analysis Market Revenue Share, by Organization Size (2018 and 2027)

Figure 78.       SAM: Document Analysis Market Revenue Share, by Industry Vertical (2018 and 2027)

Figure 79.       SAM: Document Analysis Market Revenue Share, by Key Country (2018 and 2027)

Figure 80.       Brazil: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 81.       Argentina: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

Figure 82.       Rest of SAM: Document Analysis Market – Revenue and Forecast to 2027 (US$ Million)

The List of Companies - Document Analysis Market

  1. AntWorks
  2. Automation Anywhere, Inc
  3. Celaton
  4. Datamatics Global Services Limited
  5. Extract Systems
  6. HCL Technologies
  7. Hyland Software, Inc.
  8. HYPERSCIENCE
  9. IBM Corporation
  10. OpenText Corporation    
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global document analysis market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global document analysis market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

The North America region led the document analysis market in 2019 as most of the companies in the region have already shifted to the digital transformation for competing effectively in the global market.

The rising demand for gathering meaningful insights from unstructured data as well as increasing use of document analysis by several end-users, particularly BFSI, is propelling the growth of document analysis market. The BFSI sector continues to grow in terms of the number of players, which is expected to showcase a rise in demand for document analysis software, thereby catalyzing the market growth.

The BFSI sector is the leading industry vertical segment, which comprises machinery, large scale process, and construction industry plants. In the BFSI sector, a high amount of sensitive data is generated and exchanged every day, which is expected to be analyzed for appropriate further action. The document analysis provides various benefits such as efficiency in decision making that brings out the errors in compliance checking, which is typically not possible by manual processing.

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