GENEVA, SWITZERLAND(March 15, 2023) – Infosource Software has released its annual Capture & Intelligent Document Processing (IDP) Vendor Matrix and accompanying report. The Global Matrix and Report ranks 20 leading Capture & IDP SW vendors, based on Strategy and Capabilities (y-axis) and Execution in the market (x-axis). The vendors are divided into four categories: Star, Disruptor, Contender, and Explorer.
“The Capture & IDP market has exploded with entrants over the past five years; the impetus being the widespread introduction of AI and machine learning into applications in this market,” said Ralph Gammon, Senior Analyst for Infosource Software and the lead author of the report. “This has made our job in ranking the vendors more complex than ever. Applied intelligence is one factor we consider; we also look at capabilities in areas like cloud services and multi-channel input, as well as the vendor’s vision for end-to-end automation. On the Execution axis, market share, strength of partner channel, ease of implementation and competitive advantages are all considered.”
Vendors classified as Stars show strength on both axes. Disruptors are stronger in Strategy and Capabilities, while Contenders are stronger in Execution. Explorers show potential to emerge as leaders in the future. The Stars from last year’s matrix remain unchanged with OpenText, IBM, and ABBYY leading the way. For this year’s matrix, Infosource, which also publishes a report that sizes the Capture & IDP market, increased the weighting of market share.
The 2023 Infosource Global Capture & IDP Vendor Matrix Report is distributed to subscribers of Infosource Software services. It is also available for purchase. Please contact Ralph Gammon for more information, [email protected].
Infosource (https://www.info-source.com/) is a leading global analyst firm headquartered in Geneva, Switzerland. Its worldwide team of analysts covers the office automation market including printing and scanning hardware and Capture software. Infosource Software is the leading industry analyst firm that focuses on the Intelligent Capture and IDP market and provides in-depth analysis and guidance involving software and solutions used to automate business processes involving unstructured and semi-structured business inputs.