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The accounts receivable automation market size is forecast to increase by USD 1.13 billion between 2021 and 2026, accelerating at a CAGR of 10.27%.The report includes a comprehensive outlook on the Accounts Receivable Automation Market, offering forecasts for the industry segmented by Component, which comprises Solution and Services. Additionally, covers Geography regions, including North America, Europe, APAC, Middle East and Africa, and South America. The report provides market size and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.
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One of the key factors driving the global accounts receivable automation industry growth is the increasing demand for cloud-based AR automation solutions to streamline monetary transactions between an enterprise and its consumers. End-user industries such as BFSI, and manufacturing are gradually adopting it as the demand for cloud computing increases, owing to reduced processing time and costs. Some of the benefits of cloud-based AR automation solutions are as follows:
Cloud solutions are becoming more popular due to their unprecedented deployment flexibility benefits and worldwide availability, which will be driving the market growth during the forecast period.
The accounts receivable automation market share growth by the solution segment will be significant during the forecast period. AR automation systems can easily process large amounts of customer invoices, which can significantly reduce the efforts and time spent by accountants in collecting payments from their customers. The rising need to process a large number of consumer invoices effectively and efficiently will drive the growth of the solution segment in the forecast years.
34% of the market's growth will originate from Europe during the forecast period. UK and Germany are the key markets for accounts receivable automation in Europe. Market growth in this region will be faster than the growth of the market in South America, North America, and MEA.
North America is another potential market for accounts receivable automation. The presence of strong firms working in account receivables in countries such as the US, as well as an increase in government expenditure on accounting management systems in various public and private entities, will facilitate the accounts receivable automation market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The Accounts Receivable Automation Market is fragmented in nature. Some significant players include Ash Conversions International
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
BlackLine Inc., BlueSnap Inc., Bottomline Technologies Inc., Comarch SA, Corcentric Inc., Esker SA, HighRadius Corp., Kofax Inc., Mynd Integrated Solutions, Oracle Corp., PAGERO AB, Quadient Sro, Qvalia Group AB, Sage Group Plc, SAP SE, SK Global Software LLC, TechNVision Ventures Ltd., Workday Inc., and Zoho Corp. Pvt. Ltd.
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Accounts Receivable Automation Market Scope |
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Report Coverage |
Details |
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Page number |
118 |
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Base year |
2021 |
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Historic period |
- |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.27% |
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Market growth 2022-2026 |
USD 1.13 billion |
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Market structure |
Fragmented |
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YoY growth 2021-2022(%) |
9.45 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 34% |
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Key countries |
US, China, India, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ash Conversions International, BlackLine Inc., BlueSnap Inc., Bottomline Technologies Inc., Comarch SA, Corcentric Inc., Esker SA, HighRadius Corp., Kofax Inc., Mynd Integrated Solutions, Oracle Corp., PAGERO AB, Quadient Sro, Qvalia Group AB, Sage Group Plc, SAP SE, SK Global Software LLC, TechNVision Ventures Ltd., Workday Inc., and Zoho Corp. Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Component
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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