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Document Analytics Market

Release date:

Mar-2021

Region:

global

Research Code:MRICT - 104444

Sku:MRICT - 104444

Document Analytics Market by Product Type (Solution and Services), Deployment Type, Industry Vertical (BFSI, Government, Healthcare, Retail and ecommerce, Manufacturing, Transportation), Organization Size, and Region - Global Forecast to 2027

  • Report ID: MRICT - 104444
  • Pages: 145
  • Mar-2021
  • Formats*: PDF
  • Category: Information and Communications Technology
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The document analytics market is expected to reach $12.45 billion by 2027, at a CAGR of 48.1% during the forecast period of 2020 to 2027. The growth of this market is attributed to the growing initiatives to digitize content across enterprises, coupled with the increasing adoption of cloud-based document analysis solutions. In addition, the integration of advanced technologies, such as AI and ML with document analysis solutions and the increasing need to improve customer experience, offers significant growth opportunities for the document analytics market. However, addressing governance and compliance requirements obstructs the growth of this market up to some extent.

Document Analytics Market

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Impact of COVID-19 on Document Analytics Market

In the first quarter of 2020, the world was hit by a COVID-19 pandemic. The outbreak was declared as the global pandemic by WHO, as it has spread in many countries across the globe and raised the number of cases multi-folds in few weeks. The COVID-19 pandemic has adversely hit many economies around the globe. The combat measures like complete lockdown and quarantine to fight against COVID-19 have a strong adverse impact on many businesses globally, including the document analytics market.

Demand for digital transformation, increased investments in analytics, growing demand for remote services & location data, and increasing need for real-time information to track and monitor the COVID-19 spread create opportunities for the document analytics market's growth. Furthermore, post-COVID-19, enterprises will automate as much as possible to reduce dependence on the human workforce and cut costs. Automated data extraction using document analysis solutions will enable organizations to process large volumes of semi-structured and unstructured documents with low-touch processing, greater accuracy, and faster turnaround times, thus helping deal with volume fluctuations.

Adopting automation products in general, and document analysis products specifically, will intensify considerably, particularly in sectors that handle considerable documents such as banking, insurance, and healthcare. The sectors are already leading the way to adopt document analysis solutions and entice other sectors, such as manufacturing and government agencies, to teach document analytics. Post-COVID 19, these industries will seek to accelerate low-touch processing and faster turnaround times through automated data extraction.

So, it is expected that 2020 would be a tough time for the growth of the document analytics market and will negatively impact 2020. Although the COVID-19 has affected the document analysis globally, businesses are expected to make a strong comeback in the post-COVID-19 business environment. Positive government initiatives to uplift different sectors affected by COVID-19 are also expected to help businesses recover faster and support the strong recovery of the document analytics market.

Growing initiatives to digitize content across enterprises drives the growth of the market

Content Digitization is the process in which various content in different forms and formats are transformed into digital format. Enterprises across the world are going in for content digitization as it eases workloads, organizes data, reduces latencies, and helps in the business's smooth functioning. The banking, financial services, and insurance sector is continuously experiencing the emergence of advanced technological solutions to increase efficiency. However, the market players operating in this sector are challenged with enormous data that varies from the financial statement, invoices, legal contracts, emails, and receipts. Analyzing these documents is of utmost importance to the players operating in the BFSI sector.

The BFSI companies across the globe are experiencing continuous growth in their customer base, which is increasing the documentation size. To categorize the data, the BFSI sector players utilize or deploy natural language processing (NLP) to ensure customer and enterprise data in document mining applications. The consciousness related to the advantages of document analysis software among the BFSI sector players is stimulating the document analytics market's growth. Furthermore, government agencies handle individuals, departments, processes, and agencies' secured and private data. The volume of data generated in government agencies is enormous and in an unstructured format that accurately captures, classify, and extract to streamline government process. Hence enterprises are taking initiatives to digitize content as it helps streamline business processes and keep all data and information in an organized manner. Thus, with the increase in content digitization, the demand for document analysis to manage that data is also expected to grow multifold.

Key Findings in the Global Document analysis market Study:

 Document analysis solution to witness the largest share through 2027

Based on product type, the solutions segment is expected to command the largest share of the overall document analytics market in 2020. Rising initiatives to digitize content across enterprises to manage large data and improve the quality for analysis is one of the key factors fueling investments in the document analysis solution market. However, the services segment is expected to grow at the fastest CAGR during the forecast period. As the market will gradually move towards its maturity over the next few years, demand for services such as installation, consultation, training, maintenance, and support are expected to grow in numbers. Owing to this, document analytics services are expected to grow faster over the forecast period.

In 2020, the BFSI segment to dominate the document analytics market

Based on industry vertical, the BFSI segment is expected to command the largest share of the overall document analytics market in 2020. The companies in this vertical deal with complex documents, such as invoices, receipts, legal contracts, emails, and financial statements. Data extraction in different formats, such as PDFs, images, excels sheets, and others, is very difficult to do manually. As a result, the BFSI vertical is anticipated to hold the largest share in the document analytics market. Besides, the manufacturing sector is expected to grow with the fastest growth rate over the next few years. Manufacturing organizations control several departments and components of the supply chain, and structuring physical documents for all such departments is a tedious and error-prone process. Due to this, the manufacturing sector has started to incorporate documents analytics to reduce latency and proper organization of unstructured data.

North America: The largest regional market

Geographically, North America is expected to command the largest share of the document analytics market in 2020. In the developed economies of North America, such as the U.S. and Canada, there is a high focus on innovations obtained from Research and Development (R&D) and technology. Also, companies' indispensable requirement to transform their traditional business operations into digital, coupled with the rapid adoption of mobile devices, IoT solutions, and cloud technology, has led to the increased adoption of document analysis solutions in this region. Furthermore, many document analysis solutions and services providers in North America are expected to drive growth significantly. However, the growing significance of analytical tools such as document analytics coupled with the development of connectivity infrastructure provides new opportunities for organizations in Asia-Pacific to incorporate document analytics. Consequently, Asia-Pacific is projected to grow with the fastest growth over the forecast period.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the document analytics market over the last four years. The key players profiled in the document analytics market are ABBYY (U.S.), Kofax Inc. (U.S.), WorkFusion (U.S.), Automation Anywhere (U.S.), AntWorks PTE. LTD. (Singapore), Hyland Software, Inc. (U.S.), Celaton (U.K.), Extract Systems (U.S.), HyperScience (U.S.), Parascript, LLC (U.S.), Infrrd (U.S.), IBM Corporation (U.S.), Datamatics Global Services Ltd (India), OpenText Corporation (Canada), and HCL Technologies (India), among others.

Scope of the report:

Market by Product Type                      

  • Solution
  • Services

Market by Deployment Type     

  • Cloud
  • On-premise

Market by Industry Vertical                

  • BFSI
  • Government
  • Healthcare and Life Sciences
  • Retail and eCommerce
  • Manufacturing
  • Transportation and Logistics
  • Others

Market by Organization Size               

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report-

What is the value of revenue generated from the sale of document analytics solutions across the globe? At what rate is their demand expected to grow for the next 5-7 years?

The document analytics market is projected to reach $12.45 billion by 2027 at a 48.1% CAGR during the forecast period.

Which product type segment showcases high growth opportunities for the document analytics market players?

The solutions segment commanded the largest share of the overall document analytics market in 2019. Rising initiatives to digitize content across enterprises to manage large data and to improve the quality for analysis is one of the key factors fueling investments in the document analysis solutions market

Which end-user segments of the market are projected to create more traction in the document analytics market?

The BFSI segment commanded the largest share of the overall document analytics market in 2019. The companies in this vertical deal with complex documents such as invoices, receipts, legal contracts, emails, and financial statements. Data extraction in different formats, such as PDFs, images, excels sheets, and others, is very difficult to do manually. As a result, the BFSI vertical is anticipated to hold the largest share in the document analytics market.

What are the key factors driving the growth of the document analytics market? What are the major opportunities for existing market players and new entrants in the market?

The growth of the document analytics market is attributed to the growing initiatives to digitize content across enterprises, coupled with the increasing adoption of cloud-based document analysis solutions.

Who are the major players operating in the document analytics market?

The key players operating in the document analytics market are ABBYY (U.S.), Kofax Inc. (U.S.), WorkFusion (U.S.), Automation Anywhere (U.S.), AntWorks PTE. LTD. (Singapore), Hyland Software, Inc. (U.S.), Celaton (U.K.), Extract Systems (U.S.), HyperScience (U.S.), Parascript, LLC (U.S.), Infrrd (U.S.), IBM Corporation (U.S.), Datamatics Global Services Ltd (India), OpenText Corporation (Canada), and HCL Technologies (India), among others.

Which regions/countries expected to witness significant demand for document analysis in the coming years?

At present, North America dominated the document analytics market. However, Asia-Pacific is expected to grow with the fastest growth rate over the coming years.

1.    Introduction      
       1.1.    Market Definition      
       1.2.    Market Ecosystem      
       1.3.    Currency and Limitations      
                 1.3.1.    Currency      
                 1.3.2.    Limitations      
       1.4.    Key Stakeholders      

2.    Research Methodology      
       2.1.    Research Approach      
       2.2.    Data Collection & Validation      
                 2.2.1.    Secondary Research      
                 2.2.2.    Primary Research      
       2.3.    Market Assessment      
                 2.3.1.    Market Size Estimation      
                 2.3.2.    Bottom-Up Approach      
                 2.3.3.    Top-Down Approach      
                 2.3.4.    Growth Forecast      
       2.4.    Assumptions for The Study      

3.    Executive Summary      
       3.1.    Overview      
       3.2.    Market Analysis, by Offering      
       3.3.    Market Analysis, by Deployment Mode      
       3.4.    Market Analysis, by Organization Size      
       3.5.    Market Analysis, by Vertical      
       3.6.    Market Analysis, by Geography      
       3.7.    Competitive Analysis      

4.    Market Insights      
       4.1.    Introduction      
       4.2.    Drivers      
                 4.2.1.    Growing Digitization of Departments Across Enterprises      
                 4.2.2.    Rising Adoption of Big Data and Associated Technologies    
       4.3.    Restraints      
                 4.3.1.    Legal and Data Privacy Issues      
       4.4.    Opportunities      
                 4.4.1.    Integration of Ai & Ml with Document Analytics      
                 4.4.2.    Increasing Need to Improve Customer Experience      
       4.5.    Challenges      
                 4.5.1.    High Cost of Implementation      
       4.6.    Trends      
                 4.6.1.    Increasing Adoption of Cloud-Based Document Analytics Solutions      
       4.7.    Impact of Covid-19 on the Document Analytics Market      

5.    Document Analytics Market, by Offering      
       5.1.    Introduction      
       5.2.    Solutions      
       5.3.    Services      
                 5.3.1.    Professional Services      
                 5.3.2.    Managed Services      

6.    Document Analytics Market, by Deployment Mode      
       6.1.    Introduction      
       6.2.    On-Premise      
       6.3.    Cloud-Based      

7.    Document Analytics Market, by Vertical      
       7.1.    Introduction      
       7.2.    BFSI      
       7.3.    Healthcare and Life Sciences      
       7.4.    Government      
       7.5.    Retail and E-Commerce      
       7.6.    Manufacturing      
       7.7.    Transportation & Logistics      
       7.8.    Other Verticals      

8.    Document Analytics Market, by Organization Size      
       8.1.    Introduction      
       8.2.    Large Enterprises      
       8.3.    Small & Medium-Sized Enterprises      

9.    Document Analytics Market, by Geography      
       9.1.    Introduction      
       9.2.    North America      
                 9.2.1.    U.S      
                 9.2.2.    Canada      
       9.3.    Europe      
                 9.3.1.    Germany      
                 9.3.2.    U.K.                       
                 9.3.3.    France      
                 9.3.4.    Italy      
                 9.3.5.    Spain      
                 9.3.6.    Rest of Europe      
       9.4.    Asia-Pacific      
                 9.4.1.    Japan      
                 9.4.2.    China      
                 9.4.3.    India      
                 9.4.4.    Rest of Asia-Pacific      
       9.5.    Latin America      
       9.6.    Middle East & Africa      

10.    Competitive Landscape      
         10.1.    Introduction             
         10.2.    Key Growth Strategies      
         10.3.    Competitive Benchmarking      
         10.4.    Market Ranking by Key Players      

11.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
         11.1.    Abbyy      
         11.2.    Kofax Inc.               
         11.3.    WorkFusion, Inc.      
         11.4.    Automation Anywhere      
         11.5.    AntWorks Pte. Ltd.      
         11.6.    Hyperscience      
         11.7.    Celaton      
         11.8.    Extract Systems      
         11.9.    Parascript, Llc               
         11.10.    Infrrd, Inc.               
         11.11.    Hyland Software, Inc.      
         11.12.    OpenText Corporation      
         11.13.    Datamatics Global Services Ltd      
         11.14.    HCL Technologies      
         11.15.    IBM Corporation      

12.    Appendix      
         12.1.    Questionnaire      
                     12.1.1.    Available Customization    

List of Table

Table 1  Impact Assessment of Covid-19 On Document Analytics Market (USD Billion)      
Table 2  Global Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 3  Global Document Analytics Solutions Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 4  Global Document Analytics Services Market Size, by Type, 2018–2027       
Table 5  Global Document Analytics Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6  Global Document Analytics Professional Services Market Size,       
Table 7    Global Document Analytics Managed Services Market Size, by Country/Region, 2018–2027 (USD Million)
Table 8  Global Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 9  Global On-Premise Document Analytics Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 10  Global Cloud-Based Document Analytics Market Size, by Country/Region,       
Table 11  Global Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 12  Global Document Analytics Market Size for BFSI, by Country/Region, 2018–2027 (USD Million)    
Table 13  Global Document Analytics Market Size for Healthcare & Life Sciences,       
Table 14  Global Document Analytics Market Size for Government, by Country/Region, 2018–2027 (USD Million)
Table 15  Global Document Analytics Market Size for Retail & E-Commerce,     
Table 16  Global Document Analytics Market Size for Manufacturing, by Country/Region, 2018–2027 (USD Million)    
Table 17  Global Document Analytics Market Size for Transportation, by Country/Region, 2018–2027 (USD Million)    
Table 18  Global Document Analytics Market Size for Other Verticals, by Country/Region, 2018–2027 (USD Million)    
Table 19  Global Document Analytics Market Size, by Organization Size, 2018–2027       
Table 20  Global Document Analytics Market Size for Large Enterprises,     
Table 21  Global Document Analytics Market Size for Small & Medium Enterprises,       
Table 22  North America: Document Analytics Market Size, by Country, 2018–2027       
Table 23  North America: Document Analytics Market Size, by Offering, 2018–2027       
Table 24  North America: Document Analytics Services Market Size, by Type, 2018–2027   
Table 25  North America: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 26  North America: Document Analytics Market Size, by Vertical, 2018–2027       
Table 27  North America: Document Analytics Market Size, by Organization Size,       
Table 28  U.S.: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 29  U.S.: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 30  U.S.: Document Analytics Market Size, by Deployment Mode, 2018–2027
Table 31  U.S.: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 32  U.S.: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 33  Canada: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 34  Canada: Document Analytics Services Market Size, by Type, 2018–2027       
Table 35  Canada: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 36  Canada: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 37  Canada: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 38  Europe: Document Analytics Market Size, by Country/Region, 2018–2027       
Table 39  Europe: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 40  Europe: Document Analytics Services Market Size, by Type, 2018–2027       
Table 41  Europe: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 42  Europe: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 43  Europe: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 44  Germany: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 45  Germany: Document Analytics Services Market Size, by Type, 2018–2027       
Table 46  Germany: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 47  Germany: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 48  Germany: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 49  U.K: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 50  U.K: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 51  U.K: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 52  U.K: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 53  U.K: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 54  France: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 55  France: Document Analytics Services Market Size, by Type, 2018–2027       
Table 56  France: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 57  France: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 58  France: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 59  Italy: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 60  Italy: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 61  Italy: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 62  Italy: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 63  Italy: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 64  Spain: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 65  Spain: Document Analytics Services Market Size, by Type, 2018–2027       
Table 66  Spain: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 67  Spain: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 68  Spain: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 69  RoE: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 70  RoE: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 71  RoE: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 72  RoE: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 73  RoE: Document Analytics Market Size
Table 74  Asia-Pacific: Document Analytics Market Size, by Country, 2018–2027       
Table 75  Asia-Pacific: Document Analytics Market Size, by Offering, 2018–2027       
Table 76  Asia-Pacific: Document Analytics Services Market Size, by Type, 2018–2027       
Table 77  Asia-Pacific: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 78  Asia-Pacific: Document Analytics Market Size, by Vertical, 2018–2027       
Table 79  Asia-Pacific: Document Analytics Market Size, by Organization Size, 2018–2027 (USD Million)    
Table 80  Japan: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 81  Japan: Document Analytics Services Market Size, by Type, 2018–2027       
Table 82  Japan: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 83  Japan: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 84  Japan: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 85  China: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 86  China: Document Analytics Services Market Size, by Type, 2018–2027       
Table 87  China: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 88  China: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 89  China: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 90  India: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 91  India: Document Analytics Services Market Size, by Type, 2018–2027       
Table 92  India: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 93  India: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 94  India: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 95  RoAPAC: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 96  RoAPAC: Document Analytics Services Market Size, by Type, 2018–2027       
Table 97  RoAPAC: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 98  RoAPAC: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 99  RoAPAC: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 100  Latin America: Document Analytics Market Size, by Offering, 2018–2027       
Table 101  Latin America: Document Analytics Services Market Size, by Type, 2018–2027       
Table 102  Latin America: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 103  Latin America: Document Analytics Market Size, by Vertical, 2018–2027       
Table 104  Latin America: Document Analytics Market Size, by Organization Size, 2018–2027 (USD Million)    
Table 105  MEA: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 106  MEA: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 107  MEA: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 108  MEA: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 109  MEA: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 110  Recent Developments by Major Players During 2017–2020        
Table 111  Market Ranking by Key Players

List of Figure

Figure 1  Research Process
Figure 2  Key Secondary Resources
Figure 3  Primary Research Techniques
Figure 4  Key Executives Interviewed
Figure 5  Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6  Market Sizing and Growth Forecast Approach
Figure 7  Key Insights
Figure 8  Document Analytics Market, by Offering, 2020 Vs. 2027 (USD Million)
Figure 9  Document Analytics Market, by Deployment Mode, 2020 Vs. 2027 (USD Million)
Figure 10  Document Analytics Market, by Organization Size, 2020 Vs. 2027 (USD Million)
Figure 11  Manufacturing Segment Is Expected to Grow at The Highest CAGR
Figure 12  Geographic Snapshot: Document Analytics Market
Figure 13  Market Dynamics
Figure 14  Number of Data Breaches and Records Exposed, 2010-2019
Figure 15  Impact Assessment of Covid-19 On The Document Analytics Market (Market Growth)
Figure 16  Global Document Analytics Market Size, by Offering, 2020–2027 (USD Million)
Figure 17  Global Document Analytics Market Size, by Deployment Mode, 2020–2027 (USD Million)    
Figure 18  Global Document Analytics Market Size, by Vertical, 2020–2027 (USD Million)
Figure 19  Global Document Analytics Market Size, by Organization Size, 2020–2027 (USD Million)    
Figure 20  Global Document Analytics Market Size, by Geography, 2020–2027 (USD Million)
Figure 21  Geographic Snapshot: North American Document Analytics Market
Figure 22  Geographic Snapshot: European Document Analytics Market
Figure 23  Geographic Snapshot: Asia-Pacific Document Analytics Market
Figure 25  Growth Strategies Adopted by The Key Players
Figure 26  Document Analytics Market: Competitive Benchmarking
Figure 27  OpenText Corporation: Financial Overview, (2017-2019)
Figure 28  Datamatics Global Services Ltd.: Financial Overview, (2017-2019)
Figure 29  HCL Technologies: Financial Overview, (2017-2019)
Figure 30  IBM Corporation: Financial Overview, (2017-2019)      
Figure 35  Verisk Analytics Inc.: Financial Overview (2017–2019)      
Figure 36  Hexaware Technologies Limited: Financial Overview (2017–2019)      
Figure 37  Salesforce.Com Inc.: Financial Overview (2017–2019)      
Figure 38  Guidewire Software, Inc.: Financial Overview (2017–2019)      
Figure 39  RELX Plc (LexisNexis Risk Solutions): Financial Overview (2017–2019)    

 
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Related Research

The document analytics market is expected to reach $12.45 billion by 2027, at a CAGR of 48.1% during the forecast period of 2020 to 2027. The growth of this market is attributed to the growing initiatives to digitize content across enterprises, coupled with the increasing adoption of cloud-based document analysis solutions. In addition, the integration of advanced technologies, such as AI and ML with document analysis solutions and the increasing need to improve customer experience, offers significant growth opportunities for the document analytics market. However, addressing governance and compliance requirements obstructs the growth of this market up to some extent.

Document Analytics Market

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Impact of COVID-19 on Document Analytics Market

In the first quarter of 2020, the world was hit by a COVID-19 pandemic. The outbreak was declared as the global pandemic by WHO, as it has spread in many countries across the globe and raised the number of cases multi-folds in few weeks. The COVID-19 pandemic has adversely hit many economies around the globe. The combat measures like complete lockdown and quarantine to fight against COVID-19 have a strong adverse impact on many businesses globally, including the document analytics market.

Demand for digital transformation, increased investments in analytics, growing demand for remote services & location data, and increasing need for real-time information to track and monitor the COVID-19 spread create opportunities for the document analytics market's growth. Furthermore, post-COVID-19, enterprises will automate as much as possible to reduce dependence on the human workforce and cut costs. Automated data extraction using document analysis solutions will enable organizations to process large volumes of semi-structured and unstructured documents with low-touch processing, greater accuracy, and faster turnaround times, thus helping deal with volume fluctuations.

Adopting automation products in general, and document analysis products specifically, will intensify considerably, particularly in sectors that handle considerable documents such as banking, insurance, and healthcare. The sectors are already leading the way to adopt document analysis solutions and entice other sectors, such as manufacturing and government agencies, to teach document analytics. Post-COVID 19, these industries will seek to accelerate low-touch processing and faster turnaround times through automated data extraction.

So, it is expected that 2020 would be a tough time for the growth of the document analytics market and will negatively impact 2020. Although the COVID-19 has affected the document analysis globally, businesses are expected to make a strong comeback in the post-COVID-19 business environment. Positive government initiatives to uplift different sectors affected by COVID-19 are also expected to help businesses recover faster and support the strong recovery of the document analytics market.

Growing initiatives to digitize content across enterprises drives the growth of the market

Content Digitization is the process in which various content in different forms and formats are transformed into digital format. Enterprises across the world are going in for content digitization as it eases workloads, organizes data, reduces latencies, and helps in the business's smooth functioning. The banking, financial services, and insurance sector is continuously experiencing the emergence of advanced technological solutions to increase efficiency. However, the market players operating in this sector are challenged with enormous data that varies from the financial statement, invoices, legal contracts, emails, and receipts. Analyzing these documents is of utmost importance to the players operating in the BFSI sector.

The BFSI companies across the globe are experiencing continuous growth in their customer base, which is increasing the documentation size. To categorize the data, the BFSI sector players utilize or deploy natural language processing (NLP) to ensure customer and enterprise data in document mining applications. The consciousness related to the advantages of document analysis software among the BFSI sector players is stimulating the document analytics market's growth. Furthermore, government agencies handle individuals, departments, processes, and agencies' secured and private data. The volume of data generated in government agencies is enormous and in an unstructured format that accurately captures, classify, and extract to streamline government process. Hence enterprises are taking initiatives to digitize content as it helps streamline business processes and keep all data and information in an organized manner. Thus, with the increase in content digitization, the demand for document analysis to manage that data is also expected to grow multifold.

Key Findings in the Global Document analysis market Study:

 Document analysis solution to witness the largest share through 2027

Based on product type, the solutions segment is expected to command the largest share of the overall document analytics market in 2020. Rising initiatives to digitize content across enterprises to manage large data and improve the quality for analysis is one of the key factors fueling investments in the document analysis solution market. However, the services segment is expected to grow at the fastest CAGR during the forecast period. As the market will gradually move towards its maturity over the next few years, demand for services such as installation, consultation, training, maintenance, and support are expected to grow in numbers. Owing to this, document analytics services are expected to grow faster over the forecast period.

In 2020, the BFSI segment to dominate the document analytics market

Based on industry vertical, the BFSI segment is expected to command the largest share of the overall document analytics market in 2020. The companies in this vertical deal with complex documents, such as invoices, receipts, legal contracts, emails, and financial statements. Data extraction in different formats, such as PDFs, images, excels sheets, and others, is very difficult to do manually. As a result, the BFSI vertical is anticipated to hold the largest share in the document analytics market. Besides, the manufacturing sector is expected to grow with the fastest growth rate over the next few years. Manufacturing organizations control several departments and components of the supply chain, and structuring physical documents for all such departments is a tedious and error-prone process. Due to this, the manufacturing sector has started to incorporate documents analytics to reduce latency and proper organization of unstructured data.

North America: The largest regional market

Geographically, North America is expected to command the largest share of the document analytics market in 2020. In the developed economies of North America, such as the U.S. and Canada, there is a high focus on innovations obtained from Research and Development (R&D) and technology. Also, companies' indispensable requirement to transform their traditional business operations into digital, coupled with the rapid adoption of mobile devices, IoT solutions, and cloud technology, has led to the increased adoption of document analysis solutions in this region. Furthermore, many document analysis solutions and services providers in North America are expected to drive growth significantly. However, the growing significance of analytical tools such as document analytics coupled with the development of connectivity infrastructure provides new opportunities for organizations in Asia-Pacific to incorporate document analytics. Consequently, Asia-Pacific is projected to grow with the fastest growth over the forecast period.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the document analytics market over the last four years. The key players profiled in the document analytics market are ABBYY (U.S.), Kofax Inc. (U.S.), WorkFusion (U.S.), Automation Anywhere (U.S.), AntWorks PTE. LTD. (Singapore), Hyland Software, Inc. (U.S.), Celaton (U.K.), Extract Systems (U.S.), HyperScience (U.S.), Parascript, LLC (U.S.), Infrrd (U.S.), IBM Corporation (U.S.), Datamatics Global Services Ltd (India), OpenText Corporation (Canada), and HCL Technologies (India), among others.

Scope of the report:

Market by Product Type                      

  • Solution
  • Services

Market by Deployment Type     

  • Cloud
  • On-premise

Market by Industry Vertical                

  • BFSI
  • Government
  • Healthcare and Life Sciences
  • Retail and eCommerce
  • Manufacturing
  • Transportation and Logistics
  • Others

Market by Organization Size               

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report-

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1.    Introduction      
       1.1.    Market Definition      
       1.2.    Market Ecosystem      
       1.3.    Currency and Limitations      
                 1.3.1.    Currency      
                 1.3.2.    Limitations      
       1.4.    Key Stakeholders      

2.    Research Methodology      
       2.1.    Research Approach      
       2.2.    Data Collection & Validation      
                 2.2.1.    Secondary Research      
                 2.2.2.    Primary Research      
       2.3.    Market Assessment      
                 2.3.1.    Market Size Estimation      
                 2.3.2.    Bottom-Up Approach      
                 2.3.3.    Top-Down Approach      
                 2.3.4.    Growth Forecast      
       2.4.    Assumptions for The Study      

3.    Executive Summary      
       3.1.    Overview      
       3.2.    Market Analysis, by Offering      
       3.3.    Market Analysis, by Deployment Mode      
       3.4.    Market Analysis, by Organization Size      
       3.5.    Market Analysis, by Vertical      
       3.6.    Market Analysis, by Geography      
       3.7.    Competitive Analysis      

4.    Market Insights      
       4.1.    Introduction      
       4.2.    Drivers      
                 4.2.1.    Growing Digitization of Departments Across Enterprises      
                 4.2.2.    Rising Adoption of Big Data and Associated Technologies    
       4.3.    Restraints      
                 4.3.1.    Legal and Data Privacy Issues      
       4.4.    Opportunities      
                 4.4.1.    Integration of Ai & Ml with Document Analytics      
                 4.4.2.    Increasing Need to Improve Customer Experience      
       4.5.    Challenges      
                 4.5.1.    High Cost of Implementation      
       4.6.    Trends      
                 4.6.1.    Increasing Adoption of Cloud-Based Document Analytics Solutions      
       4.7.    Impact of Covid-19 on the Document Analytics Market      

5.    Document Analytics Market, by Offering      
       5.1.    Introduction      
       5.2.    Solutions      
       5.3.    Services      
                 5.3.1.    Professional Services      
                 5.3.2.    Managed Services      

6.    Document Analytics Market, by Deployment Mode      
       6.1.    Introduction      
       6.2.    On-Premise      
       6.3.    Cloud-Based      

7.    Document Analytics Market, by Vertical      
       7.1.    Introduction      
       7.2.    BFSI      
       7.3.    Healthcare and Life Sciences      
       7.4.    Government      
       7.5.    Retail and E-Commerce      
       7.6.    Manufacturing      
       7.7.    Transportation & Logistics      
       7.8.    Other Verticals      

8.    Document Analytics Market, by Organization Size      
       8.1.    Introduction      
       8.2.    Large Enterprises      
       8.3.    Small & Medium-Sized Enterprises      

9.    Document Analytics Market, by Geography      
       9.1.    Introduction      
       9.2.    North America      
                 9.2.1.    U.S      
                 9.2.2.    Canada      
       9.3.    Europe      
                 9.3.1.    Germany      
                 9.3.2.    U.K.                       
                 9.3.3.    France      
                 9.3.4.    Italy      
                 9.3.5.    Spain      
                 9.3.6.    Rest of Europe      
       9.4.    Asia-Pacific      
                 9.4.1.    Japan      
                 9.4.2.    China      
                 9.4.3.    India      
                 9.4.4.    Rest of Asia-Pacific      
       9.5.    Latin America      
       9.6.    Middle East & Africa      

10.    Competitive Landscape      
         10.1.    Introduction             
         10.2.    Key Growth Strategies      
         10.3.    Competitive Benchmarking      
         10.4.    Market Ranking by Key Players      

11.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
         11.1.    Abbyy      
         11.2.    Kofax Inc.               
         11.3.    WorkFusion, Inc.      
         11.4.    Automation Anywhere      
         11.5.    AntWorks Pte. Ltd.      
         11.6.    Hyperscience      
         11.7.    Celaton      
         11.8.    Extract Systems      
         11.9.    Parascript, Llc               
         11.10.    Infrrd, Inc.               
         11.11.    Hyland Software, Inc.      
         11.12.    OpenText Corporation      
         11.13.    Datamatics Global Services Ltd      
         11.14.    HCL Technologies      
         11.15.    IBM Corporation      

12.    Appendix      
         12.1.    Questionnaire      
                     12.1.1.    Available Customization    

List of Table

Table 1  Impact Assessment of Covid-19 On Document Analytics Market (USD Billion)      
Table 2  Global Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 3  Global Document Analytics Solutions Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 4  Global Document Analytics Services Market Size, by Type, 2018–2027       
Table 5  Global Document Analytics Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6  Global Document Analytics Professional Services Market Size,       
Table 7    Global Document Analytics Managed Services Market Size, by Country/Region, 2018–2027 (USD Million)
Table 8  Global Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 9  Global On-Premise Document Analytics Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 10  Global Cloud-Based Document Analytics Market Size, by Country/Region,       
Table 11  Global Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 12  Global Document Analytics Market Size for BFSI, by Country/Region, 2018–2027 (USD Million)    
Table 13  Global Document Analytics Market Size for Healthcare & Life Sciences,       
Table 14  Global Document Analytics Market Size for Government, by Country/Region, 2018–2027 (USD Million)
Table 15  Global Document Analytics Market Size for Retail & E-Commerce,     
Table 16  Global Document Analytics Market Size for Manufacturing, by Country/Region, 2018–2027 (USD Million)    
Table 17  Global Document Analytics Market Size for Transportation, by Country/Region, 2018–2027 (USD Million)    
Table 18  Global Document Analytics Market Size for Other Verticals, by Country/Region, 2018–2027 (USD Million)    
Table 19  Global Document Analytics Market Size, by Organization Size, 2018–2027       
Table 20  Global Document Analytics Market Size for Large Enterprises,     
Table 21  Global Document Analytics Market Size for Small & Medium Enterprises,       
Table 22  North America: Document Analytics Market Size, by Country, 2018–2027       
Table 23  North America: Document Analytics Market Size, by Offering, 2018–2027       
Table 24  North America: Document Analytics Services Market Size, by Type, 2018–2027   
Table 25  North America: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 26  North America: Document Analytics Market Size, by Vertical, 2018–2027       
Table 27  North America: Document Analytics Market Size, by Organization Size,       
Table 28  U.S.: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 29  U.S.: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 30  U.S.: Document Analytics Market Size, by Deployment Mode, 2018–2027
Table 31  U.S.: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 32  U.S.: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 33  Canada: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 34  Canada: Document Analytics Services Market Size, by Type, 2018–2027       
Table 35  Canada: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 36  Canada: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 37  Canada: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 38  Europe: Document Analytics Market Size, by Country/Region, 2018–2027       
Table 39  Europe: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 40  Europe: Document Analytics Services Market Size, by Type, 2018–2027       
Table 41  Europe: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 42  Europe: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 43  Europe: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 44  Germany: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 45  Germany: Document Analytics Services Market Size, by Type, 2018–2027       
Table 46  Germany: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 47  Germany: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 48  Germany: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 49  U.K: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 50  U.K: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 51  U.K: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 52  U.K: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 53  U.K: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 54  France: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 55  France: Document Analytics Services Market Size, by Type, 2018–2027       
Table 56  France: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 57  France: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 58  France: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 59  Italy: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 60  Italy: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 61  Italy: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 62  Italy: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 63  Italy: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 64  Spain: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 65  Spain: Document Analytics Services Market Size, by Type, 2018–2027       
Table 66  Spain: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 67  Spain: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 68  Spain: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 69  RoE: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 70  RoE: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 71  RoE: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 72  RoE: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 73  RoE: Document Analytics Market Size
Table 74  Asia-Pacific: Document Analytics Market Size, by Country, 2018–2027       
Table 75  Asia-Pacific: Document Analytics Market Size, by Offering, 2018–2027       
Table 76  Asia-Pacific: Document Analytics Services Market Size, by Type, 2018–2027       
Table 77  Asia-Pacific: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 78  Asia-Pacific: Document Analytics Market Size, by Vertical, 2018–2027       
Table 79  Asia-Pacific: Document Analytics Market Size, by Organization Size, 2018–2027 (USD Million)    
Table 80  Japan: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 81  Japan: Document Analytics Services Market Size, by Type, 2018–2027       
Table 82  Japan: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 83  Japan: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 84  Japan: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 85  China: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 86  China: Document Analytics Services Market Size, by Type, 2018–2027       
Table 87  China: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 88  China: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 89  China: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 90  India: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 91  India: Document Analytics Services Market Size, by Type, 2018–2027       
Table 92  India: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 93  India: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 94  India: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 95  RoAPAC: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 96  RoAPAC: Document Analytics Services Market Size, by Type, 2018–2027       
Table 97  RoAPAC: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 98  RoAPAC: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 99  RoAPAC: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 100  Latin America: Document Analytics Market Size, by Offering, 2018–2027       
Table 101  Latin America: Document Analytics Services Market Size, by Type, 2018–2027       
Table 102  Latin America: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 103  Latin America: Document Analytics Market Size, by Vertical, 2018–2027       
Table 104  Latin America: Document Analytics Market Size, by Organization Size, 2018–2027 (USD Million)    
Table 105  MEA: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 106  MEA: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 107  MEA: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 108  MEA: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 109  MEA: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 110  Recent Developments by Major Players During 2017–2020        
Table 111  Market Ranking by Key Players

List of Figure

Figure 1  Research Process
Figure 2  Key Secondary Resources
Figure 3  Primary Research Techniques
Figure 4  Key Executives Interviewed
Figure 5  Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6  Market Sizing and Growth Forecast Approach
Figure 7  Key Insights
Figure 8  Document Analytics Market, by Offering, 2020 Vs. 2027 (USD Million)
Figure 9  Document Analytics Market, by Deployment Mode, 2020 Vs. 2027 (USD Million)
Figure 10  Document Analytics Market, by Organization Size, 2020 Vs. 2027 (USD Million)
Figure 11  Manufacturing Segment Is Expected to Grow at The Highest CAGR
Figure 12  Geographic Snapshot: Document Analytics Market
Figure 13  Market Dynamics
Figure 14  Number of Data Breaches and Records Exposed, 2010-2019
Figure 15  Impact Assessment of Covid-19 On The Document Analytics Market (Market Growth)
Figure 16  Global Document Analytics Market Size, by Offering, 2020–2027 (USD Million)
Figure 17  Global Document Analytics Market Size, by Deployment Mode, 2020–2027 (USD Million)    
Figure 18  Global Document Analytics Market Size, by Vertical, 2020–2027 (USD Million)
Figure 19  Global Document Analytics Market Size, by Organization Size, 2020–2027 (USD Million)    
Figure 20  Global Document Analytics Market Size, by Geography, 2020–2027 (USD Million)
Figure 21  Geographic Snapshot: North American Document Analytics Market
Figure 22  Geographic Snapshot: European Document Analytics Market
Figure 23  Geographic Snapshot: Asia-Pacific Document Analytics Market
Figure 25  Growth Strategies Adopted by The Key Players
Figure 26  Document Analytics Market: Competitive Benchmarking
Figure 27  OpenText Corporation: Financial Overview, (2017-2019)
Figure 28  Datamatics Global Services Ltd.: Financial Overview, (2017-2019)
Figure 29  HCL Technologies: Financial Overview, (2017-2019)
Figure 30  IBM Corporation: Financial Overview, (2017-2019)      
Figure 35  Verisk Analytics Inc.: Financial Overview (2017–2019)      
Figure 36  Hexaware Technologies Limited: Financial Overview (2017–2019)      
Figure 37  Salesforce.Com Inc.: Financial Overview (2017–2019)      
Figure 38  Guidewire Software, Inc.: Financial Overview (2017–2019)      
Figure 39  RELX Plc (LexisNexis Risk Solutions): Financial Overview (2017–2019)    

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1.    Introduction      
       1.1.    Market Definition      
       1.2.    Market Ecosystem      
       1.3.    Currency and Limitations      
                 1.3.1.    Currency      
                 1.3.2.    Limitations      
       1.4.    Key Stakeholders      

2.    Research Methodology      
       2.1.    Research Approach      
       2.2.    Data Collection & Validation      
                 2.2.1.    Secondary Research      
                 2.2.2.    Primary Research      
       2.3.    Market Assessment      
                 2.3.1.    Market Size Estimation      
                 2.3.2.    Bottom-Up Approach      
                 2.3.3.    Top-Down Approach      
                 2.3.4.    Growth Forecast      
       2.4.    Assumptions for The Study      

3.    Executive Summary      
       3.1.    Overview      
       3.2.    Market Analysis, by Offering      
       3.3.    Market Analysis, by Deployment Mode      
       3.4.    Market Analysis, by Organization Size      
       3.5.    Market Analysis, by Vertical      
       3.6.    Market Analysis, by Geography      
       3.7.    Competitive Analysis      

4.    Market Insights      
       4.1.    Introduction      
       4.2.    Drivers      
                 4.2.1.    Growing Digitization of Departments Across Enterprises      
                 4.2.2.    Rising Adoption of Big Data and Associated Technologies    
       4.3.    Restraints      
                 4.3.1.    Legal and Data Privacy Issues      
       4.4.    Opportunities      
                 4.4.1.    Integration of Ai & Ml with Document Analytics      
                 4.4.2.    Increasing Need to Improve Customer Experience      
       4.5.    Challenges      
                 4.5.1.    High Cost of Implementation      
       4.6.    Trends      
                 4.6.1.    Increasing Adoption of Cloud-Based Document Analytics Solutions      
       4.7.    Impact of Covid-19 on the Document Analytics Market      

5.    Document Analytics Market, by Offering      
       5.1.    Introduction      
       5.2.    Solutions      
       5.3.    Services      
                 5.3.1.    Professional Services      
                 5.3.2.    Managed Services      

6.    Document Analytics Market, by Deployment Mode      
       6.1.    Introduction      
       6.2.    On-Premise      
       6.3.    Cloud-Based      

7.    Document Analytics Market, by Vertical      
       7.1.    Introduction      
       7.2.    BFSI      
       7.3.    Healthcare and Life Sciences      
       7.4.    Government      
       7.5.    Retail and E-Commerce      
       7.6.    Manufacturing      
       7.7.    Transportation & Logistics      
       7.8.    Other Verticals      

8.    Document Analytics Market, by Organization Size      
       8.1.    Introduction      
       8.2.    Large Enterprises      
       8.3.    Small & Medium-Sized Enterprises      

9.    Document Analytics Market, by Geography      
       9.1.    Introduction      
       9.2.    North America      
                 9.2.1.    U.S      
                 9.2.2.    Canada      
       9.3.    Europe      
                 9.3.1.    Germany      
                 9.3.2.    U.K.                       
                 9.3.3.    France      
                 9.3.4.    Italy      
                 9.3.5.    Spain      
                 9.3.6.    Rest of Europe      
       9.4.    Asia-Pacific      
                 9.4.1.    Japan      
                 9.4.2.    China      
                 9.4.3.    India      
                 9.4.4.    Rest of Asia-Pacific      
       9.5.    Latin America      
       9.6.    Middle East & Africa      

10.    Competitive Landscape      
         10.1.    Introduction             
         10.2.    Key Growth Strategies      
         10.3.    Competitive Benchmarking      
         10.4.    Market Ranking by Key Players      

11.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
         11.1.    Abbyy      
         11.2.    Kofax Inc.               
         11.3.    WorkFusion, Inc.      
         11.4.    Automation Anywhere      
         11.5.    AntWorks Pte. Ltd.      
         11.6.    Hyperscience      
         11.7.    Celaton      
         11.8.    Extract Systems      
         11.9.    Parascript, Llc               
         11.10.    Infrrd, Inc.               
         11.11.    Hyland Software, Inc.      
         11.12.    OpenText Corporation      
         11.13.    Datamatics Global Services Ltd      
         11.14.    HCL Technologies      
         11.15.    IBM Corporation      

12.    Appendix      
         12.1.    Questionnaire      
                     12.1.1.    Available Customization    

List of Table

Table 1  Impact Assessment of Covid-19 On Document Analytics Market (USD Billion)      
Table 2  Global Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 3  Global Document Analytics Solutions Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 4  Global Document Analytics Services Market Size, by Type, 2018–2027       
Table 5  Global Document Analytics Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6  Global Document Analytics Professional Services Market Size,       
Table 7    Global Document Analytics Managed Services Market Size, by Country/Region, 2018–2027 (USD Million)
Table 8  Global Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 9  Global On-Premise Document Analytics Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 10  Global Cloud-Based Document Analytics Market Size, by Country/Region,       
Table 11  Global Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 12  Global Document Analytics Market Size for BFSI, by Country/Region, 2018–2027 (USD Million)    
Table 13  Global Document Analytics Market Size for Healthcare & Life Sciences,       
Table 14  Global Document Analytics Market Size for Government, by Country/Region, 2018–2027 (USD Million)
Table 15  Global Document Analytics Market Size for Retail & E-Commerce,     
Table 16  Global Document Analytics Market Size for Manufacturing, by Country/Region, 2018–2027 (USD Million)    
Table 17  Global Document Analytics Market Size for Transportation, by Country/Region, 2018–2027 (USD Million)    
Table 18  Global Document Analytics Market Size for Other Verticals, by Country/Region, 2018–2027 (USD Million)    
Table 19  Global Document Analytics Market Size, by Organization Size, 2018–2027       
Table 20  Global Document Analytics Market Size for Large Enterprises,     
Table 21  Global Document Analytics Market Size for Small & Medium Enterprises,       
Table 22  North America: Document Analytics Market Size, by Country, 2018–2027       
Table 23  North America: Document Analytics Market Size, by Offering, 2018–2027       
Table 24  North America: Document Analytics Services Market Size, by Type, 2018–2027   
Table 25  North America: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 26  North America: Document Analytics Market Size, by Vertical, 2018–2027       
Table 27  North America: Document Analytics Market Size, by Organization Size,       
Table 28  U.S.: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 29  U.S.: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 30  U.S.: Document Analytics Market Size, by Deployment Mode, 2018–2027
Table 31  U.S.: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 32  U.S.: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 33  Canada: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 34  Canada: Document Analytics Services Market Size, by Type, 2018–2027       
Table 35  Canada: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 36  Canada: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 37  Canada: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 38  Europe: Document Analytics Market Size, by Country/Region, 2018–2027       
Table 39  Europe: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 40  Europe: Document Analytics Services Market Size, by Type, 2018–2027       
Table 41  Europe: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 42  Europe: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 43  Europe: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 44  Germany: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 45  Germany: Document Analytics Services Market Size, by Type, 2018–2027       
Table 46  Germany: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 47  Germany: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 48  Germany: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 49  U.K: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 50  U.K: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 51  U.K: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 52  U.K: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 53  U.K: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 54  France: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 55  France: Document Analytics Services Market Size, by Type, 2018–2027       
Table 56  France: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 57  France: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 58  France: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 59  Italy: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 60  Italy: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 61  Italy: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 62  Italy: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 63  Italy: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 64  Spain: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 65  Spain: Document Analytics Services Market Size, by Type, 2018–2027       
Table 66  Spain: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 67  Spain: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 68  Spain: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 69  RoE: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 70  RoE: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 71  RoE: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 72  RoE: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 73  RoE: Document Analytics Market Size
Table 74  Asia-Pacific: Document Analytics Market Size, by Country, 2018–2027       
Table 75  Asia-Pacific: Document Analytics Market Size, by Offering, 2018–2027       
Table 76  Asia-Pacific: Document Analytics Services Market Size, by Type, 2018–2027       
Table 77  Asia-Pacific: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 78  Asia-Pacific: Document Analytics Market Size, by Vertical, 2018–2027       
Table 79  Asia-Pacific: Document Analytics Market Size, by Organization Size, 2018–2027 (USD Million)    
Table 80  Japan: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 81  Japan: Document Analytics Services Market Size, by Type, 2018–2027       
Table 82  Japan: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 83  Japan: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 84  Japan: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 85  China: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 86  China: Document Analytics Services Market Size, by Type, 2018–2027       
Table 87  China: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 88  China: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 89  China: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 90  India: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 91  India: Document Analytics Services Market Size, by Type, 2018–2027       
Table 92  India: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 93  India: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 94  India: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 95  RoAPAC: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)  
Table 96  RoAPAC: Document Analytics Services Market Size, by Type, 2018–2027       
Table 97  RoAPAC: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 98  RoAPAC: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)  
Table 99  RoAPAC: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 100  Latin America: Document Analytics Market Size, by Offering, 2018–2027       
Table 101  Latin America: Document Analytics Services Market Size, by Type, 2018–2027       
Table 102  Latin America: Document Analytics Market Size, by Deployment Mode, 2018–2027 (USD Million)    
Table 103  Latin America: Document Analytics Market Size, by Vertical, 2018–2027       
Table 104  Latin America: Document Analytics Market Size, by Organization Size, 2018–2027 (USD Million)    
Table 105  MEA: Document Analytics Market Size, by Offering, 2018–2027 (USD Million)      
Table 106  MEA: Document Analytics Services Market Size, by Type, 2018–2027 (USD Million)  
Table 107  MEA: Document Analytics Market Size, by Deployment Mode, 2018–2027       
Table 108  MEA: Document Analytics Market Size, by Vertical, 2018–2027 (USD Million)      
Table 109  MEA: Document Analytics Market Size, by Organization Size, 2018–2027       
Table 110  Recent Developments by Major Players During 2017–2020        
Table 111  Market Ranking by Key Players

List of Figure

Figure 1  Research Process
Figure 2  Key Secondary Resources
Figure 3  Primary Research Techniques
Figure 4  Key Executives Interviewed
Figure 5  Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6  Market Sizing and Growth Forecast Approach
Figure 7  Key Insights
Figure 8  Document Analytics Market, by Offering, 2020 Vs. 2027 (USD Million)
Figure 9  Document Analytics Market, by Deployment Mode, 2020 Vs. 2027 (USD Million)
Figure 10  Document Analytics Market, by Organization Size, 2020 Vs. 2027 (USD Million)
Figure 11  Manufacturing Segment Is Expected to Grow at The Highest CAGR
Figure 12  Geographic Snapshot: Document Analytics Market
Figure 13  Market Dynamics
Figure 14  Number of Data Breaches and Records Exposed, 2010-2019
Figure 15  Impact Assessment of Covid-19 On The Document Analytics Market (Market Growth)
Figure 16  Global Document Analytics Market Size, by Offering, 2020–2027 (USD Million)
Figure 17  Global Document Analytics Market Size, by Deployment Mode, 2020–2027 (USD Million)    
Figure 18  Global Document Analytics Market Size, by Vertical, 2020–2027 (USD Million)
Figure 19  Global Document Analytics Market Size, by Organization Size, 2020–2027 (USD Million)    
Figure 20  Global Document Analytics Market Size, by Geography, 2020–2027 (USD Million)
Figure 21  Geographic Snapshot: North American Document Analytics Market
Figure 22  Geographic Snapshot: European Document Analytics Market
Figure 23  Geographic Snapshot: Asia-Pacific Document Analytics Market
Figure 25  Growth Strategies Adopted by The Key Players
Figure 26  Document Analytics Market: Competitive Benchmarking
Figure 27  OpenText Corporation: Financial Overview, (2017-2019)
Figure 28  Datamatics Global Services Ltd.: Financial Overview, (2017-2019)
Figure 29  HCL Technologies: Financial Overview, (2017-2019)
Figure 30  IBM Corporation: Financial Overview, (2017-2019)      
Figure 35  Verisk Analytics Inc.: Financial Overview (2017–2019)      
Figure 36  Hexaware Technologies Limited: Financial Overview (2017–2019)      
Figure 37  Salesforce.Com Inc.: Financial Overview (2017–2019)      
Figure 38  Guidewire Software, Inc.: Financial Overview (2017–2019)      
Figure 39  RELX Plc (LexisNexis Risk Solutions): Financial Overview (2017–2019)    

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