ABBYY Solutions Strengths, Domain Expertise, and Key Differentiators
In January 2021, ABBYY reported continued strong momentum for its Content Intelligence solutions during 2020. Global organizations ranging from financial services, transportation, logistics, and government agencies relied on ABBYY to capture and gain understanding and insight from their content to immediately enable their distributed workforce to better serve customers.
ABBYY Solutions Recent Developments
In June 2021, ABBYY announced a major update for NeoML, its cross-platform open-source machine learning library that allows developers to build, train and deploy machine learning models. The update adds support of the Python programming language, the most popular language for machine learning and AI.
In March 2021, ABBYY launched Vantage 2, a low-code/no-code platform that delivers cognitive skills for RPA robots, automation systems, chatbots, and mobile solutions, enabling organizations to gain insights from documents and content.
ABBYY Solutions Mergers and Acquisitions (M&A) Activities
In October 2020, ABBYY announced acquired Pericom Singapore. The acquisition strengthens ABBYY’s presence in Asia Pacific following the opening of its Hong Kong office in 2019. In May 2021, ABBYY completed a significant investment by Marlin Equity Partners, a global technology-focused investment firm. Marlin will become ABBYY’s largest shareholder and be a strategic growth partner for the company’s continued market expansion.
ABBYY Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ABBYY Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ABBYY Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ABBYY Timeline customers.
ABBYY Solutions Overview
Ownership: - x
Number of Employees: 1250
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K545, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation,
ABBYY Solutions Key Enterprise and Cloud Applications
ABBYY Solutions Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ABBYY Solutions Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
ABBYY Solutions Enterprise Applications Revenues By Functional Markets, $M:
ABBYY Solutions Enterprise Applications Revenues By Verticals, $M:
ABBYY Solutions Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
ABBYY Solutions Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
ABBYY Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of ABBYY Solutions Customers: 5000
No. of ABBYY Solutions Enterprise Applications Customers: 5000
No. of ABBYY Solutions Cloud Customers: x
No. of ABBYY Solutions Cloud Subscribers: x
ABBYY technologies are used by more than 5,000 companies, including many of the Fortune 500 in finance, insurance, transportation and logistics, healthcare, and other industries.
ABBYY Solutions Market Opportunities, M&A and Geo Expansions
ABBYY accelerated its public sector initiatives are gaining momentum with a new distribution partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider. ABBYY has digitally transformed document processing and business process challenges for several public sector organizations including The National Oceanic and Atmospheric Administration, U.S. Food and Drug Administration, California Department of Motor Vehicles, and other federal, state, local, and higher education organizations.
ABBYY Solutions Risks and Challenges
Digital-transformation projects among enterprises are failing at a significant rate or not having the impact they should. The biggest dificulty is replacing legacy systems, getting budget approved, and skills gaps within their organizations.
ABBYY Solutions Ecosystem, Partners, Resellers and SI
The company also launched ABBYY Marketplace, the first open marketplace where organizations can discover, try, and purchase reusable AI skills to accelerate their automation initiatives, while partners can build and publish skills to automate all types of content-centric processes.
In October 2021, Blue Prism and ABBYY announced the availability of Blue Prism Process Intelligence Powered by ABBYY Timeline within the Blue Prism automation platform. This will allow customers to quickly uncover the best automation opportunities from data scattered across the organization.
In September 2021, ABBYY announced that its public sector initiatives were gaining momentum with a new distribution partnership with Carahsoft Technology Corp. ABBYY has digitally transformed document processing and business process challenges for several public sector organizations, including The National Oceanic and Atmospheric Administration, the US Food and Drug Administration, and the California Department of Motor Vehicles. "
ABBYY Solutions Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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