BLOGS + INSIGHTS

State of the Global Intelligent Document Processing Market 2024/2025

KEY TAKEAWAYS Global IDP spending exceeded USD 8 billion in 2024, up ~14.5% YoY, driven by process digitalisation, GenAI-enabled classification and extraction, and rising demand for end-to-end automation. Forecast: Infosource projects a ~16% CAGR for 2025–2029, with acceleration in the latter half as domain-tuned models scale and agentic automation moves

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Generative AI: Widening the Digital Divide Between Industry Verticals

By Petra Beck, Senior Analyst Software Practice at Infosource The rise of generative AI (GenAI) has marked a transformative era in digital innovation. Over the past few years, GenAI-based intelligent document processing (IDP) solutions have evolved from experimental projects to critical components of business strategies enhancing operational efficiency and customer

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KnowledgeLake and Edison Partners Announce $65M Growth Investment

St. Louis, MO and Nashville, TN – Aug. 20, 2025 — KnowledgeLake, an AI‑powered enterprise workflow automation platform, and growth equity firm Edison Partners announced a majority growth investment of $65 million. KnowledgeLake management and existing shareholders also participated. Kevin Herr, long‑time COO and CFO, has been named CEO, succeeding Ron Cameron, who

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Your Pathway to Intelligent Document Processing & AI-Powered Automation

Introduction The recent AI+IM Global Summit, held from March 31st to April 2nd in Atlanta, offered a workshop focusing on the pathway to Intelligent Document Processing (IDP) and AI-powered automation. Authored by Petra Beck, Senior Industry Analyst at Infosource Software Practice and Nina Carter, President of Information Professionals, the workshop

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