Intelligent Enterprise Data Capture Software Global Market Report 2024

The intelligent enterprise data capture software market size has grown rapidly in recent years. It will grow from $10.23 billion in 2023 to $11.83 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth witnessed in the historical period can be credited to several factors, including the expansion of IoT and big data technologies, increased demand for automation, compliance with regulatory requirements, widespread adoption of cloud computing, and the surge in volumes of unstructured data.

The intelligent enterprise data capture software market size is expected to see rapid growth in the next few years. It will grow to $21.36 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The projected growth in the forecast period can be ascribed to the rising demand for digitalization, the expansion of mobile capture capabilities, a focus on data security and privacy, integration with business process management systems, and the need for real-time analytics. Key trends anticipated in the forecast period include heightened adoption of machine learning algorithms, the ascent of intelligent document processing, the expansion of edge computing for data capture, the emergence of hybrid cloud solutions, and the integration of blockchain technology.

The surge in demand for digitalization is poised to propel the expansion of the intelligent enterprise data capture software market in the foreseeable future. Digitalization, the integration of digital technologies into various aspects of business and society, is increasingly sought after for its capacity to boost productivity, streamline processes, enhance decision-making, and adapt to evolving market demands. Intelligent enterprise data capture software plays a pivotal role in digitalization by automating the extraction and processing of data from diverse sources, thereby improving efficiency and accuracy in information management. For instance, data from the Australian Bureau of Statistics in October 2023 revealed a notable surge in digital activity in Australia, reaching $10.9 billion in 2021-22, reflecting an 8.6% increase, while the overall Australian economy saw a growth of 11.7%. This digital surge spanned all sectors, with e-commerce retail witnessing a remarkable 12.6% increase in 2021-22, following a substantial surge of 41.8% in the preceding year. Consequently, the growing demand for digitalization is propelling the growth of the intelligent enterprise data capture software market.

Key players in the intelligent enterprise data capture software market are concentrating their efforts on developing advanced application solutions that leverage cutting-edge technologies such as smart OCR (optical character recognition) image capture technology to gain a competitive advantage. Smart OCR image capture technology represents a sophisticated approach that merges OCR with intelligent image processing to accurately extract text and data from images or documents. For instance, DDC FPO LLC, a US-based shipping company, introduced DDC Sync in January 2022. DDC Sync is an intelligent enterprise application that employs a mobile app for drivers to capture freight documents. This innovative solution revolutionizes freight management from the cab to the terminal through its smart image capture technology and native Android app for drivers, along with a web-based portal for terminal administrators and management. LTL carriers benefit from nearly 6-hour enhanced visibility to freight data facilitated by smart capture technology, GPS tagging, and automated alerts. DDC Sync offers features such as smart OCR image capture for streamlined BOL (Bill of Lading) processing, BOL inventory management, driver tracking, real-time reporting, and automated alerts, ensuring seamless communication and comprehensive insight into shipments, drivers, and assets.

In April 2024, Ricoh Company Ltd., a Japan-based imaging and electronics company, acquired Natif.ai, an undisclosed amount. This strategic move enables Ricoh to augment its capabilities in extracting data from various document types, including paper and handwritten documents, thereby empowering customers with automation and sophistication across a broad spectrum of business processes. Natif.ai, a Germany-based company, specializes in providing intelligent enterprise data capture software platforms capable of automating the processing, extraction, and structuring of data from diverse document types.

Major companies operating in the intelligent enterprise data capture software market are Microsoft Corporation, International Business Machine Corporation, Oracle Corporation, Fujitsu Ltd., SAP SE, Xerox Corporation, OpenText Corporation, Nuance Communications Inc., Datamatics Global Services Limited, UiPath Inc., Newgen Software Technologies Ltd., Hyland Software Inc., Tungsten Automation Corporation, Kodak Alaris Inc., Automation Anywhere Inc., Nintex Ltd., ABBYY Solutions Ltd., M-Files Inc., Infrrd Pvt Ltd., Accusoft Corporation, Rossum Ltd., Artsyl Technologies Inc., Parascript LLC, CAPSYS Technologies LLC, Ephesoft Inc.

North America was the largest region in the intelligent enterprise data capture software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent enterprise data capture software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the intelligent enterprise data capture software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Intelligent enterprise data capture software encompasses advanced solutions designed to automate the extraction, classification, and processing of data from diverse sources. Leveraging technologies such as machine learning and natural language processing, it aims to boost efficiency and accuracy in document management and workflow automation. This software targets the optimization of document processing, improvement of data precision, and facilitation of seamless integration with business systems.

The primary categories of intelligent enterprise data capture software products include software and services. Software refers to computer programs and applications enabling users to execute specific tasks or functions on electronic devices. It caters to both semi-structured and unstructured data and offers various deployment options such as on-premise, SaaS, PaaS, and hybrid models. It serves different lines of businesses such as finance, sales, human resources, marketing, and legal across diverse industries including banking, financial services and insurance (BFSI), healthcare, media and entertainment, education, professional services, construction, retail, government, manufacturing, among others.

The intelligent enterprise data capture software market research report is one of a series of new reports that provides intelligent enterprise data capture software market statistics, including intelligent enterprise data capture software industry global market size, regional shares, competitors with an intelligent enterprise data capture software market share, detailed intelligent enterprise data capture software market segments, market trends and opportunities, and any further data you may need to thrive in the intelligent enterprise data capture software industry. This intelligent enterprise data capture software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The intelligent enterprise data capture software market includes revenues earned by entities by providing services, such as document scanning, data extraction, and workflow automation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.