SAN JOSE, California, October 2024 — Infrrd, a global leader in Intelligent Document Processing (IDP), proudly announces its recognition as a Major Contender for the fifth consecutive year in the Everest Group’s 2024 PEAK Matrix® Assessment for IDP Products.
Everest Group’s 2024 PEAK Matrix® Assessment evaluates 26 leading technology providers and positions them as Leaders, Major Contenders, Aspirants, and Star Performers based on their capabilities, offerings, and limitations. Infrrd’s consistent ranking as a Major Contender highlights its strengths in delivering AI-driven solutions for both structured and unstructured document processing.
Everest Group’s report also praised Infrrd for its high accuracy in data extraction, particularly in industries like banking and insurance. The company’s tailored solutions continue to streamline document workflows and provide measurable value to clients.
As the IDP market rapidly evolves, Infrrd’s focus on innovation and customer-centricity ensures its continued growth. Its patented technology, combined with its strategic vision, keeps it at the forefront of the IDP industry.
With the IDP market expected to exceed $49 billion by 2026, Infrrd’s relentless pursuit of innovation positions it as a key player in the evolving digital landscape. Infrrd’s recognition from renowned analyst firms, including Everest Group, highlights its market impact, strategic vision, and customer-centric approach, enabling global businesses to achieve intelligent automation at scale.
About Everest Group PEAK Matrix®:
The Everest Group PEAK Matrix® is a trusted industry benchmark that evaluates and ranks service providers based on their market success, delivery capabilities, and future prospects. Providers are positioned as Leaders, Major Contenders, or Aspirants based on their overall performance and ability to deliver successful client outcomes.
About Infrrd:
Founded in 2016, Infrrd spearheads innovation in intelligent document processing solutions. The company's leading-edge technologies empower businesses to streamline document-related processes and improve operational efficiency. Committed to customer success, Infrrd invests heavily in industry-specific research and development to address its clients' unique challenges. The company consistently pushes the boundaries of innovation, delivering tailored solutions that earn the trust of companies globally.
