In 2018, the IDP market reached between $250-350 million. In addition, the market is expected to grow at a compound annual growth rate of 70-80%. Companies are continuing to transition towards AI-driven technologies, and IDP is no exception, especially when regulations are on the rise.
Moreover, today’s IDP platforms have the capacity to manage structured and unstructured data accurately. The IDP market is also currently dominated by North America and Continental Europe.