Celaton named as top innovator for Intelligent Document Processing

3rd December 2019

 

Celaton has been named as a top innovator for Intelligent Document Processing by global research firm Markets and Markets. The report includes a global forecast until 2023, explores Intelligent Automation trends across various industries and profiles 20 of the top vendors in the industry including Celaton, ABBYY, Workfusion, Kofax and IBM.

The report predicts that the global document analysis market size will grow from USD 438 million in 2019 to USD 3,855 million by 2024, at a CAGR of 54.5% between 2019 to 2024. Growing initiatives to digitalize content across enterprises and increasing adoption of cloud-based document analysis solutions are some of the major factors expected to drive the growth in the market.

When interviewed by Markets and Markets, Celaton’s Commercial Director Gina Gray summarised of the market:

“We have barely broken the surface when it comes to the Intelligent Document Processing market. As more and more organisations become familiar with automation technologies such as RPA, they will also start to realise its limitations and look for ways to overcome these barriers to productivity. Intelligent applications such as Machine Learning and Natural Language Processing will enable organisations not only to achieve significant efficiency gains through being able to handle unpredictable, varied and unstructured data but also achieve true digital transformation.”

Please, follow the below links to find out more about the report and inSTREAM™’s Intelligent Document Processing. 

https://www.marketsandmarkets.com/Market-Reports/document-analysis-market-102974822.html

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