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Intelligent Document Processing Set to Transform Enterprise Software with $10B Market Potential

Intelligent Document Processing is set to capture a $10B market by automating data extraction and enhancing compliance for businesses facing regulatory pressures.

Organisations across sectors such as finance, logistics, healthcare, and professional services are grappling with an ongoing challenge: processing a surfeit of documents amid time constraints. Companies frequently encounter invoices in various formats, scan contracts into image files, and store compliance data in lengthy PDFs. As manual extraction methods delay workflows and elevate error rates, a new category of software is emerging to address this gap: intelligent document processing (IDP).

The rise of a new automation layer Intelligent document processing integrates techniques such as optical character recognition, natural language processing, and machine learning to convert chaotic documents into structured, machine-readable data. After the system extracts and validates this information, it can flow directly into accounting platforms, enterprise resource planning (ERP) systems, or analytics dashboards, thereby eliminating the need for multiple manual checks.

Industry analysts project a significant expansion in the document automation market over the next decade, anticipating a multi-billion-dollar opportunity supported by double-digit global growth. This surge is driven by improvements in accuracy and a trend towards digital compliance systems. Industries managing large volumes of records also face increasing regulatory scrutiny, making inefficient manual workflows particularly risky during audits.

The United Kingdom has emerged as a proactive market in this domain. Financial institutions, insurance companies, legal firms, and consultancies are rapidly advancing artificial intelligence (AI) pilots, underpinned by government initiatives encouraging back-office automation. However, a shortage of specialized AI engineers in the UK has created opportunities for overseas vendors with established, robust products to enter the market.

India’s software industry spots an opening This demand aligns well with India’s transition from a services-oriented model to one focused on product-led enterprise exports. Indian firms, equipped with strong data engineering expertise, are keen to capitalize on the potential of document AI. Their experience in building large-scale systems and training models positions them advantageously in the IDP sector.

Kishan Srivastava, Co-Founder and Chief Executive Officer of SDLC Corp, emphasized the critical need for accuracy and deployment support as the next phase of automation unfolds. “Companies in the UK and Europe face a daily reality of fragmented document formats across vendors, geographies, and systems. With DAN AI, we aimed to solve the data problem at source. The product focuses on extracting clean, validated data and delivering it into business systems so teams can stop firefighting and start analyzing,” he remarked. He added that the company’s next objective is to ensure the solution aligns with UK regulatory and integration requirements by establishing a local presence for confident, scalable deployment.

As organizations navigate tight compliance cycles, IDP platforms have evolved from experimental tools to essential components of business operations. Executives exploring options in this burgeoning sector are likely to prioritize high extraction accuracy, robust governance controls, and seamless integration. As new entrants emerge, trust, sector-specific tuning, and deployment support are expected to become increasingly important differentiators, overriding mere model performance.

A software category gaining serious momentum Current adoption trends suggest that document AI is poised to become one of the most significant enterprise software categories in recent years. This technology addresses a universal data challenge, aligns with regulatory demands, and delivers tangible returns on investment. For the UK, it signifies a stronger shift towards digital operations. For India, it represents a new phase in product-driven exports, rooted in engineering expertise rather than low-cost services.

As the landscape evolves, the coming years will test which platforms can scale effectively while maintaining accuracy and governance. A notable shift is already apparent: document AI has transitioned from a niche solution to a central component of enterprise automation. Many organizations now regard it as foundational infrastructure for the data-driven operations they aspire to establish.

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Marcus Chen
Written By

At AIPressa, my work focuses on analyzing how artificial intelligence is redefining business strategies and traditional business models. I've covered everything from AI adoption in Fortune 500 companies to disruptive startups that are changing the rules of the game. My approach: understanding the real impact of AI on profitability, operational efficiency, and competitive advantage, beyond corporate hype. When I'm not writing about digital transformation, I'm probably analyzing financial reports or studying AI implementation cases that truly moved the needle in business.

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