Product Code: PM2845
The global accounts receivable automation market size is expected to reach USD 9.6 billion by 2030, according to a new study by Polaris Market Research. 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.
Polaris Market Research 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
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
3. Research Methodology
- 3.1. Overview
- 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