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Accounts Receivable Automation Market

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    Report

  • 114 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724171
The global accounts receivable automation market size is expected to reach USD 9.6 billion by 2030, according to a new study. The report “Accounts Receivable Automation Market Share, Size, Trends, Industry Analysis Report, By Deployment (Cloud and On-premises); By Vertical; By Component; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising adoption of advanced technologies such as cloud computing and artificial intelligence and inclination of various businesses towards cloud-based automation solutions, mainly in developed nations such as United States, France, Germany, and Japan, are major factors projected to fuel the growth and demand for the global market during the forecast period.

Moreover, increasing introduction to newly launched products and services developed by key companies and their rising efforts towards advancements and longer consumer reach are other factors propelling the market growth and are expected to do so soon.

In the conventional approach of accounts receivable systems, the risk of human errors and mistakes was substantially higher because of manual processing. It was more expensive due to some factors like a dedicated staff. In contrast, AR automation can help to address these problems and errors. Compared to human data entry, these automation solutions reduce the number of data errors such as supplier name, invoice date & amounts, PO numbers, and individual line items ordered.

AR automation solution vendors are highly investing in AI technology to enable accounting and finance executives to strengthen and enhance their financial efficiency, which can also help them to understand consumer behavior and various payment patterns, which is likely to have a positive impact on the growth of the global market significantly over the coming years.

Accounts Receivable Automation Market Report Highlights

  • Cloud segment is expected to grow rapidly throughout the forecast period, owing to the ability of cloud-based AR automation solutions to manage big data issues in a very efficient way, along with higher adaptability and cost-effectiveness.
  • Healthcare segment accounted for the largest market revenue share in 2021 because of the increasing adoption and prevalence of advanced and innovative technologies by several large healthcare organizations across the globe.
  • Solution sector held the largest market share in 2021 due to an extensive rise in the demand for AR automation solutions from the BFSI sector, as it enables financial organizations to improve their cash collection and maximizes productivity.
  • Asia Pacific region is anticipated to grow at a high CAGR over the forecast period, accelerated by high economic developments, increasing internet penetration, and rapid globalization.
  • The global players include Oracle Corporation, IBM Corporation, Vanguard Systems, Sage Group, Zoho Corporation, and others.

The publisher has segmented the accounts receivable automation market report based on deployment, vertical, component, and region:

Accounts Receivable Automation, Deployment Outlook (Revenue - USD Billion, 2018 - 2030)

  • Cloud
  • On-premises

Accounts Receivable Automation, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)

  • Consumer Goods and Retail
  • BFSI
  • Manufacturing
  • Healthcare
  • IT and Telecom
  • Others

Accounts Receivable Automation, Component Outlook (Revenue - USD Billion, 2018 - 2030)

  • Services
  • Solution

Accounts Receivable Automation, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Accounts Receivable Automation Market

What is the estimated value of the Accounts Receivable Automation Market?

The Accounts Receivable Automation Market was estimated to be valued at $3.3 billion in 2022.

What is the growth rate of the Accounts Receivable Automation Market?

The growth rate of the Accounts Receivable Automation Market is 14.1%, with an estimated value of $9.6 billion by 2030.

What is the forecasted size of the Accounts Receivable Automation Market?

The Accounts Receivable Automation Market is estimated to be worth $9.6 billion by 2030.

Who are the key companies in the Accounts Receivable Automation Market?

Key companies in the Accounts Receivable Automation Market include SAP SE, Oracle Corporation, Kofax Inc., SK Global Software, Bottomline Technologies, Vanguard Systems, Microsoft Corporation, IBM Corporation and HighRadius Corporation.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Accounts Receivable Automation Market Insights
4.1. Accounts Receivable Automation - Industry Snapshot
4.2. Accounts Receivable Automation Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising adoption of artificial intelligence
4.2.1.2. Rise in the demand for quick invoicing solutions
4.2.2. Restraints and Challenges
4.2.2.1. Increasing data security concerns
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Accounts Receivable Automation Market Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Accounts Receivable Automation Market, by Deployment
5.1. Key Findings
5.2. Introduction
5.2.1. Global Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
5.3. Cloud
5.3.1. Global Accounts Receivable Automation Market, by Cloud, by Region, 2018 - 2030 (USD Billion)
5.4. On-premises
5.4.1. Global Accounts Receivable Automation Market, by On-premises, by Region, 2018 - 2030 (USD Billion)

6. Global Accounts Receivable Automation Market, by Vertical
6.1. Key Findings
6.2. Introduction
6.2.1. Global Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
6.3. Consumer Goods and Retail
6.3.1. Global Accounts Receivable Automation Market, by Consumer Goods and Retail, by Region, 2018 - 2030 (USD Billion)
6.4. BFSI
6.4.1. Global Accounts Receivable Automation Market, by BFSI, by Region, 2018 - 2030 (USD Billion)
6.5. Manufacturing
6.5.1. Global Accounts Receivable Automation Market, by Manufacturing, by Region, 2018 - 2030 (USD Billion)
6.6. Healthcare
6.6.1. Global Accounts Receivable Automation Market, by Healthcare, by Region, 2018 - 2030 (USD Billion)
6.7. IT and Telecom
6.7.1. Global Accounts Receivable Automation Market, by IT and Telecom, by Region, 2018 - 2030 (USD Billion)
6.8. Others
6.8.1. Global Accounts Receivable Automation Market, by Others, by Region, 2018 - 2030 (USD Billion)

7. Global Accounts Receivable Automation Market, by Component
7.1. Key Findings
7.2. Introduction
7.2.1. Global Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
7.3. Services
7.3.1. Global Accounts Receivable Automation Market, by Services, by Region, 2018 - 2030 (USD Billion)
7.4. Solution
7.4.1. Global Accounts Receivable Automation Market, by Solution, by Region, 2018 - 2030 (USD Billion)

8. Global Accounts Receivable Automation Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Accounts Receivable Automation Market Assessment, By Geography, 2018 - 2030 (USD Billion)
8.3. Accounts Receivable Automation Market - North America
8.3.1. North America: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.3.2. North America: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.3.3. North America: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.3.4. Accounts Receivable Automation Market - U.S.
8.3.4.1. U.S.: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.3.4.2. U.S.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.3.4.3. U.S.: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.3.5. Accounts Receivable Automation Market - Canada
8.3.5.1. Canada: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.3.5.2. Canada.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.3.5.3. Canada: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4. Accounts Receivable Automation Market - Europe
8.4.1. Europe: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.2. Europe.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.3. Europe: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.4. Accounts Receivable Automation Market - UK
8.4.4.1. UK: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.4.2. UK.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.4.3. UK: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.5. Accounts Receivable Automation Market - France
8.4.5.1. France: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.5.2. France.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.5.3. France: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.6. Accounts Receivable Automation Market - Germany
8.4.6.1. Germany: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.6.2. Germany.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.6.3. Germany: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.7. Accounts Receivable Automation Market - Italy
8.4.7.1. Italy: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.7.2. Italy.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.7.3. Italy: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.8. Accounts Receivable Automation Market - Spain
8.4.8.1. Spain: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.8.2. Spain.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.8.3. Spain: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.9. Accounts Receivable Automation Market - Netherlands
8.4.9.1. Netherlands: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.9.2. Netherlands.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.9.3. Netherlands: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.10. Accounts Receivable Automation Market - Russia
8.4.10.1. Russia: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.4.10.2. Russia.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.4.10.3. Russia: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5. Accounts Receivable Automation Market - Asia Pacific
8.5.1. Asia Pacific: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.2. Asia Pacific.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.3. Asia Pacific: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.4. Accounts Receivable Automation Market - China
8.5.4.1. China: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.4.2. China.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.4.3. China: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.5. Accounts Receivable Automation Market - India
8.5.5.1. India: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.5.2. India.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.5.3. India: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.6. Accounts Receivable Automation Market - Malaysia
8.5.6.1. Malaysia: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.6.2. Malaysia.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.6.3. Malaysia: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.7. Accounts Receivable Automation Market - Japan
8.5.7.1. Japan: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.7.2. Japan.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.7.3. Japan: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.8. Accounts Receivable Automation Market - Indonesia
8.5.8.1. Indonesia: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.8.2. Indonesia.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.8.3. Indonesia: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.9. Accounts Receivable Automation Market - South Korea
8.5.9.1. South Korea: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.5.9.2. South Korea.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.5.9.3. South Korea: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.6. Accounts Receivable Automation Market - Middle East & Africa
8.6.1. Middle East & Africa: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.6.2. Middle East & Africa.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.6.3. Middle East & Africa: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.4. Accounts Receivable Automation Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.6.4.2. Saudi Arabia.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.6.4.3. Saudi Arabia: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.5. Accounts Receivable Automation Market - UAE
8.6.5.1. UAE: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.6.5.2. UAE.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.6.5.3. UAE: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.6. Accounts Receivable Automation Market - Israel
8.6.6.1. Israel: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.6.6.2. Israel.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.6.6.3. Israel: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.7. Accounts Receivable Automation Market - South Africa
8.6.7.1. South Africa: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.6.7.2. South Africa.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.6.7.3. South Africa: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.7. Accounts Receivable Automation Market - Latin America
8.7.1. Latin America: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.7.2. Latin America.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.7.3. Latin America: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.4. Accounts Receivable Automation Market - Mexico
8.7.4.1. Mexico: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.7.4.2. Mexico.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.7.4.3. Mexico: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.5. Accounts Receivable Automation Market - Brazil
8.7.5.1. Brazil: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.7.5.2. Brazil.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.7.5.3. Brazil: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.6. Accounts Receivable Automation Market - Argentina
8.7.6.1. Argentina: Accounts Receivable Automation Market, by Deployment, 2018 - 2030 (USD Billion)
8.7.6.2. Argentina.: Accounts Receivable Automation Market, by Component, 2018 - 2030 (USD Billion)
8.7.6.3. Argentina: Accounts Receivable Automation Market, by Vertical, 2018 - 2030 (USD Billion)

9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles
10.1. SAP SE
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Oracle Corporation
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Kofax Inc
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. SK Global Software
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Bottomline Technologies
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Vanguard Systems
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Microsoft Corporation
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. IBM Corporation
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Workday Inc
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. HighRadius Corporation
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Zoho Corporation
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Comarch
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Sage Group
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. BlackLine
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Esker S.A
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development
10.16. YayPay
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Product Benchmarking
10.16.4. Recent Development
10.17. Emagia Corporation
10.17.1. Company Overview
10.17.2. Financial Performance
10.17.3. Product Benchmarking
10.17.4. Recent Development
10.18. Invoiced
10.18.1. Company Overview
10.18.2. Financial Performance
10.18.3. Product Benchmarking
10.18.4. Recent Development

Companies Mentioned

  • SAP SE
  • Oracle Corporation
  • Kofax Inc.
  • SK Global Software
  • Bottomline Technologies
  • Vanguard Systems
  • Microsoft Corporation
  • IBM Corporation
  • Workday Inc.
  • HighRadius Corporation
  • Zoho Corporation Pvt. Ltd.
  • Comarch S.A.
  • The Sage Group PLC.
  • BlackLine Inc.
  • Esker S.A.
  • YayPay Inc.
  • Emagia Corporation.
  • Invoiced Inc.