Intelligent Document Processing (IDP) products remain vital in enterprises’ automation technology portfolios. IDP uses AI technologies, such as Optical Character Recognition (OCR), computer vision, Natural Language Processing (NLP), and machine/deep learning, to classify and extract information from structured, semi-structured, and unstructured documents. Generative AI and agentic AI advances are also driving providers to enhance their IDP capabilities.
The Banking and Financial Services (BFS) industry has shown strong demand for specialized processing capabilities due to numerous document-intensive processes and its significant market presence in the IDP market. IDP products’ advanced capabilities, features, and functionalities further drive this demand. Given the industry’s highly regulated nature, enterprises must collaborate with the right IDP technology providers to successfully implement IDP.
In this report, we analyze 29 leading IDP technology providers’ and 10 BFS industry-specific IDP providers’ capabilities on Everest Group’s PEAK Matrix®. This research helps buyers select the right-fit technology providers for their needs and empowers technology providers to benchmark themselves against their competition.
Scope
All industries and geographies
The report focuses on IDP solutions sold on license, regardless of any ongoing business or IT process outsourcing or managed services
The report includes leading technology providers in the IDP market and providers that focus on the BFS-specific IDP market
Contents
In this report, we:
Assess leading IDP technology providers and those specializing in BFS-specific IDP processes
Position providers as Leaders, Major Contenders, Aspirants, and Star Performers
Analyze the technology providers market’s competitive landscape
