Quadrant Solutions SPARK Matrix: Intelligent Document Processing (IDP), 2020
The intelligent document processing platform market has grown by 67% in 2019 and is expected to grow at a CAGR of 54.6% from 2021-2025. The market is expected to grow from an estimated market size of $443.3 million in 2020 to reach over $3.92 billion by 2025.
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SPARK Matrix analysis provides a snapshot of key market participants and a visual representation of market participants. It provides strategic insights on how each vendor ranks related to their competitors, concerning various performance parameters based on the category of technology excellence and customer impact.
The report recognized Datamatics TruCap+ as the market leader among 16 top players in the IDP market.
