Document Analytics Market Set to Skyrocket, Projected to Reach $12.45 Billion by 2027
[London, 18-09-2023] – The Document Analytics Market is poised for explosive growth, with a projected Compound Annual Growth Rate (CAGR) of 48.1% during the forecast period from 2020 to 2027, ultimately reaching a substantial $12.45 billion by 2027. This remarkable expansion is attributed to the increasing urgency to digitize content across enterprises, complemented by the rising adoption of big data and related technologies. The integration of Artificial Intelligence (AI) and Machine Learning (ML) with document analytics presents promising avenues for market expansion. However, the market's progress may face obstacles due to legal concerns and data privacy issues.
Top 10 Trailblazing Companies in the Document Analytics Market: https://meticulousblog.org/top-10-companies-in-document-analytics-market/
1. Automation Anywhere
• Pioneering Robotic Process Automation (RPA) software.
• Empowers enterprises with digital workforce platforms combining RPA, AI, ML, and analytics.
2. Kofax Inc.
• A leader in process automation software.
• Offers Kofax Transformation for accelerated document processing.
3. ABBYY
• A digital intelligence company.
• Provides a digital intelligence platform with AI and Natural Language Processing (NLP).
4. WorkFusion, Inc.
• Leading vendor of intelligent automation solutions.
• Empowers organizations with AI, RPA, and machine learning for business process automation.
5. AntWorks PTE LTD
• A global AI and intelligent automation company.
• Offers ANTstein, an Intelligent Automation Platform powered by fractal science principles.
6. OpenText Corporation
• A market leader in Enterprise Information Management software.
• Provides solutions for document digitization and management.
7. HCL Technologies
• A next-generation global technology company.
• Offers a range of technology products, services, and engineering for digital transformation.
8. Parascript LLC
• Specializes in automating the interpretation of contextual information.
• Processes over 100 billion documents annually.
9. HyperScience
• Developer of the world’s first Software-Defined Automation Platform.
• Supports mission-critical processes with automation and AI.
10. Infrrd Inc.
• A leading AI technology company.
• Provides an intelligent document processing platform with a template-free approach.
𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: 𝐓𝐨𝐩 𝟏𝟎 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬- https://meticulousblog.org/top-10-companies-in-document-analytics-market/
This exponential growth is also substantiated by Meticulous Research's latest report, forecasting a remarkable 48.1% expansion in the Document Analytics Market during the forecast period from 2020 to 2027. The report offers in-depth insights into the financial performance, key products, company strategies, partnerships, acquisitions, and market trends for each of these top companies.
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