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Everest Group Intelligent Document Processing Products PEAK Matrix® 2023

Everest Group names ABBYY a Leader in its Intelligent Document Processing Products PEAK Matrix® Assessment 2023

ABBYY has been recognized for the fourth consecutive year as a Leader in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix Assessment 2023.

ABBYY is positioned high for its strength in Vision & Capability and Market Impact with ABBYY Vantage. Vantage is the industry’s only low-code / no-code IDP platform that integrates into any Intelligent Automation platform.

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Organizations worldwide rely on the IDP PEAK Matrix to evaluate the best solutions that understand business documents and find meaning in a human-like manner.

The PEAK Matrix is a proprietary framework for assessing the relative market success and overall capability of service providers based on performance, experiences, ability, and knowledge. Each service provider is comparatively assessed on two dimensions: market success and delivery capabilities. ABBYY’s market success was measured by revenue, number of clients and year-over-year growth, and delivery capability was measured by scale of operations, scope, technology and innovation, delivery footprint and buyer satisfaction. Everest Group analysts also interviewed ABBYY customers.

“ABBYY’s IDP platforms, Vantage and FlexiСapture, offer capabilities to process structured, semi-structured, and unstructured documents. ABBYY online marketplace comes with a number of pre-built models, connectors, and other assets for various IDP use cases. The platform’s AI-powered document skills library, low-code/no-code workflow orchestrator, and seamless integration with complementary capabilities for broader intelligent automation has further fueled its market success. ABBYY’s strong IDP capabilities and market adoption have helped position it as a Leader on Everest Group’s Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023.”

Vaibhav Bansal, Vice President, Everest Group

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