Accounts Receivable Automation Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast -2027

According to a research report Accounts Receivable Automation Market by Component (Solutions (Credit Evaluation & Management and Collections Management) and Services), Organization Size, Deployment Mode, Vertical and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global Accounts Receivable Automation Market size is estimated to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The Accounts Receivable Automation Market is fuelled by the need to improve efficiency and productivity of workforce and demand for quick invoicing to reduce delay in payments. Moreover, the rising adoption of accounts receivable automation post-pandemic plays a key role in driving the growth of the Accounts Receivable Automation Market.

Download PDF Brochure@

By Deployment Mode, on-premises segment to hold the larger market size during the forecast period

The on-premises segment is estimated to account for a larger market share in the accounts receivable automation market. Enterprises prefer the on-premises deployment of accounts receivable solutions to gain complete control over their business accounts and transaction records. Organizations operating in BFSI, and healthcare verticals are expected to prefer the on-premises deployment of the accounts receivable automation solution because these verticals deal with critical and sensitive data related to national income and healthcare.

By Vertical, consumer goods & retail segment to grow at the highest CAGR during the forecast period

The consumer goods & retail segment is expected to have the highest CAGR growth during the forecast period. The accounts receivables in the retail & consumer goods vertical refer to the entire payment collection process from customers in exchange for goods purchased. Retail companies are adopting accounts receivable automation solutions for various benefits including reduced transaction time, increased revenue, improved operational efficiency, and minimized operating costs.

By Region, North America to account for the largest market size during the forecast period

North America is expected to hold the largest share in the accounts receivable automation market. North America is the most mature market in terms of accounts receivable automation solution adoption due to various factors such as the well-developed economy, penetration and adoption of innovative technologies, and increased competitiveness. The market in this region is already at a mature stage, and therefore, it is expected to witness slower growth compared to other regions. The presence of most of the top market vendors such as Oracle, Workday, Bottomline Technologies, BlackLine, HighRadius, and Kofax also plays a vital role in the growth of the North American accounts receivable automation market.

Market Players

Major vendors in the accounts receivable automation market include Sage (UK), SAP (Germany), Oracle (US), Workday (US), Bottomline Technologies (US), Comarch (Poland), Esker (France), Zoho (India), BlackLine (US), and HighRadius (US).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441