SAN JOSE, California, October 2024 — Infrrd, a trailblazer in unstructured document processing, is proud to announce its recognition as a Major Player in the IDC MarketScape Assessment for Worldwide Unstructured Intelligent Document Processing (IDP) Software Vendors, 2024.
As noted by IDC, "The new addressable market is served by foundational models for solving real-world business problems." Infrrd’s advanced Zero-Touch or No-Touch Processing (NTP) solution addresses real-world data extraction challenges across industries, seamlessly processing even the most complex unstructured documents. The solution’s advanced LLM and AI capabilities, paired with performance-based pricing, deliver exceptional value to customers. [Learn more about this offering here.]
An earlier IDC MarketScape report stated that “Infrrd focuses on differentiating itself from competitors via high-accuracy classification, extraction, and validation of semi- and unstructured use cases, along with building/enabling a high rate of straight-through processing (STP) for customers.”
With the market projected to reach $49 billion by 2026, Infrrd's focus on innovation and excellence keeps it at the forefront of the Intelligent Document Processing (IDP) industry. Over the years, Infrrd has achieved numerous milestones that have reinforced Infrrd’s role in the global market. Driven by a strong commitment to customer satisfaction and innovation, the company has consistently evolved its products to keep pace with the changing needs of its global clients.
This year, top analyst firms like Gartner, IDC, Everest Group, and ISG have spotlighted Infrrd in their reports, recognizing its strength in the IDP space. Infrrd has been commended for its patented technologies, competitive edge, market impact, strategic vision, and customer-first approach. These technologies are crucial in driving intelligent automation around the globe.
About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Infrrd:
Founded in 2016, Infrrd spearheads innovation in intelligent document processing solutions. The company's leading-edge technologies empower businesses to streamline their 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.
