2022 Gartner® Market Guide for Intelligent Document Processing Solutions

EdgeVerve is Recognized as a Representative Vendor for Intelligent Document Processing

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About the Report

“This Market Guide provides Gartner’s initial coverage of the market and focuses on the market definition, rationale for the market and market dynamics.”

EdgeVerve is recognized as a Representative Vendor in the 2022 Gartner® Market Guide for Intelligent Document Processing Solutions (IDP).

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Gartner® Market Guide for Intelligent Document Processing Solutions, Shubhangi Vashisth, Anthony Mullen, Stephen Emmott, Alejandra Lozada, February 16,2022.

Gartner® is a registered trademark of Gartner®, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

*Gartner® does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner® research publications consist of the opinions of Gartner® research organization and should not be construed as statements of fact. Gartner® disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Definition of Intelligent Document Processing Solutions

According to Gartner® research report, “Intelligent document processing solutions are used to extract information from textual data, primarily documents, for analysis and workflow automation. Data and analytics leaders should use this research to evaluate IDP solutions for creating operational efficiencies and/or deriving insights.”

“Documents represent a trove of useful “information.” Unlocking this data for language and process automation has seen demand for IDP solutions accelerate rapidly in the last 12 months.”

– 2022 Gartner® Market Guide for Intelligent Document Processing Solutions

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“As organizations deal with an ever-increasing volume of documents, it is imperative to use IDP for improving automation and process efficiencies.”

– 2022 Gartner® Market Guide for Intelligent Document Processing Solutions

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Gartner® estimates that “intelligent document processing as a market is projected to reach $4.8 billion in 2022.”

XtractEdge — EdgeVerve’s Intelligent Document Processing Platform

XtractEdge is a comprehensive suite of Document AI platform & products that enable enterprises to extract actionable insights from a wide variety of semi-structured and unstructured enterprise documents. XtractEdge is recognized as one of the top Document AI platforms for large enterprises delivering on the promise of quicker time to market, superior customer experience, faster claims processing and underwriting, efficient contracts management for smarter business decision making.

Explore our Individual Platforms & Products

XtractEdge Platform

An end-to-end document extraction, processing, and comprehension platform that leverages advanced AI & ML techniques to structure complex enterprise data into insights for smarter business decision making.

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XtractEdge Contract Analysis

Leverages advanced ML techniques, including Computer Vision and NLP, to help identify key clauses and terms, mitigate contractual risks and reduce the negotiation cycle by extracting insights from contracts.

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XtractEdge Commercial Insurance

Improves Underwriter productivity and response time by eliminating manual rekeying of information, thus offering a complete view of the right information across the New Business and Underwriting lifecycle.

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