Kofax Ranked #1 for WW 2019 Market Share in Capture – a Critical Part of Organizations’ Digital Workflow Transformation Journeys
Kofax Delivers the only Intelligent Automation Platform with Embedded Cognitive Capture, Enabling Customers to Harness Document and Information Intelligence
Kofax, a leading supplier of Intelligent Automation software for digital workflow transformation, announces it ranked No. 1 in IDC’s Worldwide Capture Applications Market Shares, 2019: Continued Transition to Cloud Services (Doc # US45393420, June 2020) report. This ranking is significant as capture is essential to convert structured and unstructured information into actionable data and key to successful digital workflow transformation.
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“The ongoing development and scaling of digital transformation initiatives have been key factors in driving the renewed importance of capture technologies. Digital transformation initiatives have taken capture applications to the front office”
“The ongoing development and scaling of digital transformation initiatives have been key factors in driving the renewed importance of capture technologies. Digital transformation initiatives have taken capture applications to the front office,” says Holly Muscolino, Research Vice President, Content and Process Strategies and the Future of Work at IDC. “Organizations seeking to digitally transform must be able to seamlessly capture structured and unstructured institutional data. Kofax’s dominant market share in the capture space, combined with its integrated automation approach, translates to a strong offering for organizations seeking to accelerate their automation journeys.”
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The IDC study reports vendor market shares for capture in 2019. Of the $1.1 billion worldwide 2019 capture market, Kofax commanded a 33 percent share, more than twice that of any vendor within the space.
Capture is a well-known category but its importance has escalated as digital transformation initiatives accelerate the need to automate content-centric tasks and business processes. Examples include new account openings, invoice processing and accounts payable automation, citizen benefit enrollments, new employee onboarding, patient admissions and many other applications.
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