Accounts Receivable Automation Market Size, Share, Demand, Insights, Opportunities, and Market Report 2024-2033

"The new report published by The Business Research Company, titled ""Accounts Receivable Automation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the accounts receivable automation market size has grown rapidly in recent years. It will grow from $3.1 billion in 2023 to $3.54 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The accounts receivable automation market size is expected to see rapid growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%.

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Rise In Adoption Of Automation And Digitization By Smes
The increase in adoption of automation and digitization by SMEs (small and medium-sized enterprises) is expected to propel the growth of the account receivable automation market. Digitalization and automation tools assist SMEs in lowering costs, standardizing processes, and reducing their reliance on labor. The automation and digitization will also drive SMEs towards the adoption of account receivable automation. For instance, in December 2021, according to a report on the digitalization of SMEs published by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization indicates that 97% of global companies have accelerated technology adoption, which involves automation and digitalization, including SMEs representing more than 90% across the globe. Therefore, the increasing adoption of automation and digitization by SMEs will drive market growth for the accounts receivable automation market.

Introduction Of Technologically Advanced Automation Solutions
Technical adoption is the key trend gaining popularity in the accounts receivable automation market. Major companies operating in the market are introducing new technologies to gain a competitive edge in the market. For instance, in February 2022, Quadient, a Europe-based business process automation and customer experience management company, launched an accounts payable (AP) automation solution with a more secure and easier way to approve invoices and pay vendors from anywhere.

The accounts receivable automation market covered in this report is segmented -

1) By Component: Solution, Services
2) By Deployment Mode: Cloud, On-premises
3) By Organization Size: Large Enterprises, Small And Medium Sized Enterprises
4) By Vertical: BFSI, Retail snd Consumer Goods., Healthcare, IT And Telecom., Manufacturing, Energy and Utilities, Other Vertical

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Major companies operating in the accounts receivable automation market report are BlackLine Inc., Bottomline Technologies Inc., Comarch SA, Esker SA, HighRadius Corporation, SAP SE, Oracle Corporation, Kofax Inc., YayPay Inc., SK Global Software LLC, FinancialForce Inc., The Sage Group plc, VersaPay Corporation, Bill.com Holdings Inc., Corcentric LLC, MHC Software Inc., Qvalia AB, Anytime Collect, Neopost SA, Workday Inc., Coupa Software Inc., Fidelity National Information Services Inc., Zoho Corporation, Fiserv Inc., Invoiced Inc., MineralTree Inc., Nvoicepay Inc., Rimilia Holdings Ltd., Serrala Group, Tesorio Inc., Tradeshift Inc.

Contents of the report:
1. Executive Summary
2. Accounts Receivable Automation Market Report Structure
3. Accounts Receivable Automation Market Trends And Strategies
4. Accounts Receivable Automation Market - Macro Economic Scenario
5. Accounts Receivable Automation Market Size And Growth
…..
27. Accounts Receivable Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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