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1070941

Accounts Receivable Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 141 Pages | Delivery time: 2-3 business days

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Accounts Receivable Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: April 14, 2022
IMARC Services Private Limited
Content info: 141 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global accounts receivable automation market reached a value of US$ 1.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.04 Billion by 2027, exhibiting a CAGR of 12.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Accounts receivable (AR) refers to the money due to an organization for the purchase of goods and services on credit. It is conventionally a manual, labor-intensive and time-consuming process. As a result, companies nowadays are adopting AR automation solutions that replace different aspects of AR management to streamline financial transactions and modernize operations. These solutions assist in reducing labor costs and optimizing their invoice processing to ensure that customers pay for goods and services timely. They also help reduce human errors and minimize disputes and deductions.

Accounts Receivable Automation Market Trends:

  • AR automation solutions find extensive applications in large businesses, small and medium enterprises (SMEs), and numerous industrial verticals, such as retail, telecommunications, healthcare, manufacturing, and banking, financial services and insurance (BFSI). This, in confluence with the rising focus on the improvement of cash flow and reduction in days sales outstanding (DSO), represents one of the key factors bolstering the growth of the market. Moreover, manual AR processes are expensive, error-prone, and inefficient, which can negatively impact credit decisions, corporate borrowing, liquidity management, and reporting of corporate sales. As a result, there is a rise in the utilization of AR automation solutions to simplify the processing of bills and receipts and minimize the efforts and time spent by accountants in collecting payments from their customers. Apart from this, they provide dashboards, account selections, compliance policies, routing rules, and approvals to enhance the functioning of an organization. This, coupled with the escalating demand for cloud-based AR automation solutions, is strengthening the market growth. Besides this, key players are focusing on joint ventures, acquisitions, and collaborations to offer better services to customers, which is projected to influence the overall sales and profitability positively.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global accounts receivable automation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment, organization size and vertical.

Breakup by Component:

  • Solution
  • Services

Breakup by Deployment:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by Vertical:

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

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BlackLine Inc., Bottomline Technologies Inc., Comarch SA, Esker SA, HighRadius Corporation, Invoiced Inc., Oracle Corporation, Sage Group plc, SAP SE, ScienceSoft USA Corporation, VersaPay Corporation, Yaypay Inc. (Quadient) and Zoho Corporation Private Ltd. Key Questions Answered in This Report:

  • How has the global accounts receivable automation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global accounts receivable automation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global accounts receivable automation market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0422A46_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Accounts Receivable Automation Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Component

  • 6.1 Solution
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Services
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Deployment

  • 7.1 On-premises
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Cloud-based
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Organization Size

  • 8.1 Large Enterprises
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Small and Medium-sized Enterprises
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Vertical

  • 9.1 Consumer Goods and Retail
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 BFSI
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Manufacturing
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 IT and Telecom
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Healthcare
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Energy and Utilities
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Others
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 BlackLine Inc.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
    • 15.3.2 Bottomline Technologies Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 Comarch SA
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
    • 15.3.4 Esker SA
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
    • 15.3.5 HighRadius Corporation
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 Invoiced Inc.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 Oracle Corporation
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Sage Group plc
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 SAP SE
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 ScienceSoft USA Corporation
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
    • 15.3.11 VersaPay Corporation
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
    • 15.3.12 Yaypay Inc. (Quadient)
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
    • 15.3.13 Zoho Corporation Private Ltd.
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio

List of Figures

  • Figure 1: Global: Accounts Receivable Automation Market: Major Drivers and Challenges
  • Figure 2: Global: Accounts Receivable Automation Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Accounts Receivable Automation Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: Accounts Receivable Automation Market: Breakup by Component (in %), 2021
  • Figure 5: Global: Accounts Receivable Automation Market: Breakup by Deployment (in %), 2021
  • Figure 6: Global: Accounts Receivable Automation Market: Breakup by Organization Size (in %), 2021
  • Figure 7: Global: Accounts Receivable Automation Market: Breakup by Vertical (in %), 2021
  • Figure 8: Global: Accounts Receivable Automation Market: Breakup by Region (in %), 2021
  • Figure 9: Global: Accounts Receivable Automation (Solution) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 10: Global: Accounts Receivable Automation (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 11: Global: Accounts Receivable Automation (Services) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 12: Global: Accounts Receivable Automation (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 13: Global: Accounts Receivable Automation (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 14: Global: Accounts Receivable Automation (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 15: Global: Accounts Receivable Automation (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 16: Global: Accounts Receivable Automation (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 17: Global: Accounts Receivable Automation (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 18: Global: Accounts Receivable Automation (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 19: Global: Accounts Receivable Automation (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 20: Global: Accounts Receivable Automation (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 21: Global: Accounts Receivable Automation (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 22: Global: Accounts Receivable Automation (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 23: Global: Accounts Receivable Automation (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 24: Global: Accounts Receivable Automation (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 25: Global: Accounts Receivable Automation (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 26: Global: Accounts Receivable Automation (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 27: Global: Accounts Receivable Automation (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 28: Global: Accounts Receivable Automation (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 29: Global: Accounts Receivable Automation (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 30: Global: Accounts Receivable Automation (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 31: Global: Accounts Receivable Automation (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 32: Global: Accounts Receivable Automation (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 33: Global: Accounts Receivable Automation (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 34: Global: Accounts Receivable Automation (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 35: North America: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 36: North America: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 37: United States: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 38: United States: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 39: Canada: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 40: Canada: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 41: Asia-Pacific: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 42: Asia-Pacific: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 43: China: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 44: China: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 45: Japan: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 46: Japan: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 47: India: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 48: India: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 49: South Korea: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 50: South Korea: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 51: Australia: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 52: Australia: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 53: Indonesia: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 54: Indonesia: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 55: Others: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 56: Others: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 57: Europe: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 58: Europe: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 59: Germany: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 60: Germany: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 61: France: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 62: France: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 63: United Kingdom: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 64: United Kingdom: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 65: Italy: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 66: Italy: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 67: Spain: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 68: Spain: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 69: Russia: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 70: Russia: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 71: Others: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 72: Others: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 73: Latin America: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 74: Latin America: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 75: Brazil: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 76: Brazil: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 77: Mexico: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 78: Mexico: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 79: Others: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 80: Others: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 81: Middle East and Africa: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 82: Middle East and Africa: Accounts Receivable Automation Market: Breakup by Country (in %), 2021
  • Figure 83: Middle East and Africa: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 84: Global: Accounts Receivable Automation Industry: SWOT Analysis
  • Figure 85: Global: Accounts Receivable Automation Industry: Value Chain Analysis
  • Figure 86: Global: Accounts Receivable Automation Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Accounts Receivable Automation Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Accounts Receivable Automation Market Forecast: Breakup by Component (in Million US$), 2022-2027
  • Table 3: Global: Accounts Receivable Automation Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
  • Table 4: Global: Accounts Receivable Automation Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
  • Table 5: Global: Accounts Receivable Automation Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
  • Table 6: Global: Accounts Receivable Automation Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 7: Global: Accounts Receivable Automation Market: Competitive Structure
  • Table 8: Global: Accounts Receivable Automation Market: Key Players