Document Analysis Global Market Report 2025

Document analysis is a research technique employed to methodically scrutinize and interpret written, visual, or audio materials with the aim of extracting valuable insights and information. This method entails a systematic examination of various types of documents, including texts, reports, letters, photographs, videos, or any other recorded data, in order to comprehend their content, context, and relevance within a specific research framework.

The primary categories of document analysis solutions include products and services. Document analysis through product solutions entails the utilization of software applications capable of automatically extracting, classifying, and processing information from diverse document formats. These solutions are deployed through various methods such as on-premises and cloud, catering to organizations of various sizes including small and medium enterprises (SMEs) and large enterprises. They are utilized across different industry verticals such as banking, financial services, and insurance (BFSI), government, healthcare and life sciences, retail and e-commerce, manufacturing, transportation, among others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are taking a toll on the professional services sector, especially within legal, consulting, architectural, and engineering fields. Increased duties on imported technology, software, office hardware, and digital infrastructure have pushed up operational costs for firms that rely on global systems and resources. Cross-border consulting engagements are experiencing delays and higher expenses due to elevated travel costs and limited access to international data and tools. Moreover, industries heavily impacted by tariffs such as manufacturing, construction, and logistics are reducing their reliance on outsourced services, dampening demand for professional support. In response, service providers are reassessing pricing models, strengthening ties with domestic vendors, and accelerating the adoption of AI and automation to maintain profitability and client satisfaction in an increasingly volatile environment.

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

The document analysis market size has grown exponentially in recent years. It will grow from $3.35 billion in 2024 to $5.03 billion in 2025 at a compound annual growth rate (CAGR) of 50.2%. The growth in the historic period can be attributed to digitalization of business operations, regulatory compliance requirements, increased adoption in the banking and financial sector, increased need for accurate data entry, increased document size.

The document analysis market size is expected to see exponential growth in the next few years. It will grow to $24.17 billion in 2029 at a compound annual growth rate (CAGR) of 48.0%. The growth in the forecast period can be attributed to growing initiatives to digitalize content across enterprises, increasing need to improve customer experience, rising need for operational efficiency, rise in remote work, continuously rising customer base in the banking, financial services, and insurance (BFSI) sector. Major trends in the forecast period include technological advancements, adoption of cloud-based solutions, integration of document analysis solutions with advanced technologies, demand for document processing automation, demand for intelligent document scanning and recognition solutions.

The forecast of 48.0% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. The imposition of tariffs may challenge U.S. legal and financial firms by increasing costs for AI-powered document review platforms and optical character recognition (OCR) software imported from Israel and Canada, potentially slowing contract processing times while raising operational expenses for compliance departments. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growth of remote work is expected to drive the expansion of the document analysis market in the coming years. Remote work is a flexible arrangement that allows employees to perform their duties from locations outside the traditional office, such as their homes or coworking spaces. The rise of remote work is fueled by its benefits, including increased flexibility, productivity, talent acquisition, cost savings, and alignment with employee preferences. Document analysis tools help remote workers navigate the digital environment effectively, access valuable information, collaborate with colleagues, make informed decisions, and boost productivity in remote work settings. For example, in February 2023, The Office for National Statistics, a UK-based non-ministerial department, reported that between September 2022 and January 2023, 16% of people in Great Britain worked exclusively from home, while 28% worked a combination of home and office-based work.

Leading companies in the document analysis market are incorporating advanced technologies such as machine learning and optical character recognition (OCR) to facilitate more automated and intelligent document processing capabilities. Machine learning (ML) improves document analysis processes by automating tasks such as document categorization and text recognition, thereby reducing manual effort and expediting processes. For example, in May 2023, Appian, a US-based enterprise software and cloud computing company, unveiled the latest version of the Appian Platform for process automation. This platform features three pre-built native AI Skills for content processing, including document classification, email classification, and document extraction. Appian utilizes document analysis to automatically extract structured data from unstructured documents such as PDFs, Word documents, and emails. This extracted data is then employed to populate forms, update records, or trigger workflow actions, thereby streamlining business processes and minimizing manual data entry.

In August 2022, Kofax Inc., a US-based provider of intelligent automation software, acquired Ephesoft Inc. for an undisclosed sum. This acquisition represented a strategic step for Kofax to broaden its portfolio by integrating Ephesoft, thereby bolstering Kofax's IDP solutions, cloud capabilities, and market outreach. Ephesoft Inc., also based in the US, specializes in document analysis through AI-powered software solutions designed to extract data from documents and automate business processes reliant on documents.

Major companies operating in the document analysis market are IBM Corporation, HCL Technologies Ltd., Xerox Corporation, OpenText Corporation, Nuance Communications Inc., Hyland Software Inc., Newgen Software Technologies Limited, IRIS Software Group Ltd., Kodak Alaris Inc., Automation Anywhere Inc., ABBYY LLC, Datamatics Global Services Ltd, Mitek Systems Inc., HyperScience, Infrrd inc., Rossum ltd., AntWorks Pte. Ltd., Ephesoft Inc., Celaton Ltd., Visioneer Inc, InData Labs, Parascript LLC, Lexmark International Inc., Extract Systems LLC, Yseop

North America was the largest region in the document analysis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the document analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the document analysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The document analysis market consists of revenues earned by entities by providing data extraction and entry services, document digitization and scanning services, consulting services for document analysis, archival and records management services, and legal document review services. The market value includes the value of related goods sold by the service provider or included within the service offering. The document analysis market also includes sales of text mining and analysis tools, optical character recognition (OCR) software, document management systems, and content analysis software. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

Document Analysis Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on document analysis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for document analysis ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The document analysis market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Solution: Product; Services
• 2) By Deployment Type: On-Premises; Cloud
• 3) By Organization Size: Small And Medium Enterprises (SMEs); Large Enterprises
• 4) By Vertical: Banking, Financial Services, and Insurance (BFSI); Government; Healthcare And Life Sciences; Retail And Ecommerce; Manufacturing; Transportation; Other Verticals
• Subsegments:
• 1) By Product: Document Scanning Software; Optical Character Recognition (OCR) Software; Document Management Systems; Cloud-based Document Analysis Tools
• 2) By Services: Consulting Services; Integration Services; Managed Services; Support And Maintenance Services
• Companies Mentioned: IBM Corporation; HCL Technologies Ltd.; Xerox Corporation; OpenText Corporation; Nuance Communications Inc.; Hyland Software Inc.; Newgen Software Technologies Limited; IRIS Software Group Ltd.; Kodak Alaris Inc.; Automation Anywhere Inc.; ABBYY LLC; Datamatics Global Services Ltd; Mitek Systems Inc.; HyperScience; Infrrd inc.; Rossum ltd.; AntWorks Pte. Ltd.; Ephesoft Inc.; Celaton Ltd.; Visioneer Inc; InData Labs; Parascript LLC; Lexmark International Inc.; Extract Systems LLC; Yseop
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.