Quadrant Knowledge Solutions SPARK Matrix™: Intelligent Document Processing (IDP) 2021 study with market insights
Global advisory and consulting firm Quadrant Knowledge Solutions recently released its SPARK Matrix™ Intelligent Document Processing (IDP) 2021. In this study, Quadrant provides a detailed analysis of the global IDP market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook.
Based on primary and secondary research, Quadrant Knowledge Solutions conducted an in-depth analysis of market, technology and vendor assessments. From this foundation, Quadrant provided a market outlook and forecast, technology strategy and outlook, and vendor evaluation and competitive positioning.
To rank the leading IDP vendors, Quadrant Knowledge Solutions uses its proprietary SPARK Matrix™. This visual representation provides a snapshot of the market positioning of key market players and evaluates the products, market presence, and value proposition.
Each market participant is analyzed against various performance parameters based on the category of technology excellence (X) and customer impact (Y). This provides strategic insights into how each vendor ranks in relation to its competitors, which Quadrant Knowledge Solutions ultimately uses to create the SPARK™ Matrix.
SPARK™ Matrix 2021 provides competition analysis and ranking of the following leading IDP vendors (in alphabetical order):
ABBYY, AntWorks, Automation Anywhere, Datamatics, EdgeVerve Systems, Ephesoft, Grooper, Hyperscience, i3systems, IBM, Indico Data, Infrrd, JIFFY.ai, Kofax, Nividous, OpenText, Parascript, Parashift, qBotica, Rossum, UST, and WorkFusion.
The full Quadrant Knowledge Solutions SPARK Matrix™ Intelligent Document Processing (IDP) 2021 study can be requested here.
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