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Accounts Payable Automation Market to Hit USD 6.52 Bn by 2030

01-09-2025 06:25 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Accounts Payable Automation Market

Accounts Payable Automation Market

๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐š๐ฒ๐š๐›๐ฅ๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global accounts payable automation market is on a robust growth trajectory, with projections indicating a rise from USD 3.07 billion in 2023 to approximately USD 6.52 billion by 2030, reflecting a compound annual growth rate (CAGR) of 11.35% during the forecast period.

๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐š๐ฒ๐š๐›๐ฅ๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Accounts payable (AP) automation involves the use of technology to streamline and automate AP processes, eliminating manual tasks and enhancing visibility and control over financial data. This automation is becoming increasingly vital for organizations aiming to improve efficiency, reduce errors, and mitigate fraud risks.

๐…๐จ๐ซ ๐š ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ง๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/33979/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž

Vietnam is witnessing a surge in digital transformation across various sectors. The government's push towards Industry 4.0 and the increasing adoption of digital payment systems are creating fertile ground for AP automation solutions. While specific mergers and acquisitions in this domain are currently limited, the growing interest from international firms suggests potential collaborations in the near future.

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…

Thailand's emphasis on becoming a digital economy has led to increased adoption of automation technologies. The financial sector, in particular, is integrating AP automation to enhance operational efficiency. Recent partnerships between local banks and fintech companies indicate a trend towards embracing automated solutions, though detailed merger and acquisition data remains limited.

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

Japan's advanced technological landscape and focus on efficiency have accelerated the adoption of AP automation. The market is characterized by collaborations between traditional financial institutions and technology providers. Notably, ๐Œ๐ข๐ญ๐ฌ๐ฎ๐›๐ข๐ฌ๐ก๐ข ๐”๐…๐‰ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐†๐ซ๐จ๐ฎ๐ฉ has partnered with fintech firms to enhance its digital payment infrastructure, reflecting a broader trend of integrating automation in financial operations.

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚

South Korea's dynamic tech ecosystem is fostering the growth of AP automation. The government's support for digital innovation and the presence of large conglomerates are driving adoption. Significant developments include ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐’๐ƒ๐’ acquiring a stake in local fintech startups to bolster its automation solutions, indicating a move towards consolidation in the market.

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ผ๐’‘๐’…๐’‚๐’•๐’†๐’” ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†

Singapore's status as a financial hub has led to early adoption of AP automation. The Monetary Authority of Singapore's initiatives to promote fintech innovation have resulted in collaborations between banks and tech firms. For instance, ๐ƒ๐๐’ ๐๐š๐ง๐ค has integrated AP automation solutions to streamline its accounts payable processes, showcasing the nation's commitment to digital transformation.

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ซ๐’†๐’—๐’†๐’๐’๐’‘๐’Ž๐’†๐’๐’•๐’” ๐’Š๐’ ๐’•๐’‰๐’† ๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’”

The U.S. accounts for a significant share of the global AP automation market. The drive for operational efficiency and regulatory compliance has led to numerous mergers and acquisitions. A notable example is ๐๐ข๐ฅ๐ฅ.๐œ๐จ๐ฆ ๐š๐œ๐ช๐ฎ๐ข๐ซ๐ข๐ง๐  ๐ƒ๐ข๐ฏ๐ฏ๐ฒ, enhancing its platform with spend management capabilities and reflecting the industry's move towards comprehensive financial automation solutions.

๐‘จ๐‘ท ๐‘จ๐’–๐’•๐’๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฌ๐’™๐’‘๐’‚๐’๐’”๐’Š๐’๐’ ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†

Europe's diverse market is experiencing steady growth in AP automation adoption. The emphasis on regulatory compliance and efficiency has led to strategic partnerships and acquisitions. For instance, ๐’๐€๐ ๐’๐„ ๐š๐œ๐ช๐ฎ๐ข๐ซ๐ž๐ ๐“๐š๐ฎ๐ฅ๐ข๐š, a leading provider of working capital management solutions, to expand its portfolio in the AP automation space, indicating a trend towards market consolidation.

๐…๐จ๐ซ ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/33979/

๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐š๐ฒ๐š๐›๐ฅ๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Consumer Goods and Retail
Banking, Financial Services, and Insurance (BFSI)
Information Technology (IT) and Telecom
Manufacturing
Healthcare
Energy and Utilities
Others

๐›๐ฒ ๐ƒ๐ž๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ ๐“๐ฒ๐ฉ๐ž

On-premises
Cloud

๐›๐ฒ ๐Ž๐ซ๐ ๐š๐ง๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐“๐ฒ๐ฉ๐ž

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ

Solution
Services
Professional Services
Implementation and Integration
Advisory
Support and Maintenance
Managed Services

In 2023, the sector with the biggest market share is on-premises deployment. Businesses can automate payment workflow and establish criteria for automated invoice approvals with the help of the on-premises AP automation system. Because on-premises AP automation solutions need significant upfront costs and sustained developer engagement, their percentage share is declining.

๐’๐ž๐ž๐ค๐ข๐ง๐  ๐š ๐ญ๐ก๐จ๐ซ๐จ๐ฎ๐ ๐ก ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ ? ๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/request-sample/33979/

๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐š๐ฒ๐š๐›๐ฅ๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1 Freshbooks
2 Xero
3 Zoho
4 Intuit
5 Brightpearl
6 Sage
7 FinancialForce
8 Tipalti
9 PaySimple
10 Acclivity Group
11 KashFlow Software
12 Araize
13 Micronetics
14 Norming Software
15 Yat Software
16 SAP
17 Ariba, Inc.
18 FIS
19 Zycus Inc
20 Bottomline Technologies (de), Inc.
21 Coupa Software Inc.
22 Comarch
23 AvidXchange, Inc.
24 MHC Automation

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ญ๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฐ๐š๐ฏ๐ž๐ฌ:

Global B2B Telecommunication Market https://www.maximizemarketresearch.com/market-report/global-b2b-telecommunication-market/63857/

Hydrogen Fuel Cells Market https://www.maximizemarketresearch.com/market-report/hydrogen-fuel-cells-market/71651/

Global Bra Market https://www.maximizemarketresearch.com/market-report/global-bra-market/42268/

Polyurethane Market https://www.maximizemarketresearch.com/market-report/global-polyurethane-market/70607/

Baby Diapers Market https://www.maximizemarketresearch.com/market-report/global-baby-diapers-market/19947/

Electric Scooter and Motorcycle Market https://www.maximizemarketresearch.com/market-report/global-electric-scooter-and-motorcycle-market/24391/

Edible Insects Market https://www.maximizemarketresearch.com/market-report/global-edible-insects-market/99518/

Global Copper Foil Market https://www.maximizemarketresearch.com/market-report/copper-foil-market/122392/

Running Shoes Market https://www.maximizemarketresearch.com/market-report/running-shoes-market/193998/

Lab Grown Diamonds Market https://www.maximizemarketresearch.com/market-report/lab-grown-diamonds-market/193972/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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09-01-2021 | IT, New Media & Software
Market Intellix LLP
Accounts Payable or Accounts Receivable Software Market Set For Next Leg Of Grow โ€ฆ
Market Intellix (MI) published a new report, titled, "Accounts Payable or Accounts Receivable Software Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain aโ€ฆ
12-23-2020 | Advertising, Media Consulting, โ€ฆ
GLOBAL INFO RESEARCH
Global Accounts Receivable & Accounts Payable Automation Market Status and Outlo โ€ฆ
Global Info Research offers a latest published report on Accounts Receivable & Accounts Payable Automation Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Accounts Receivable & Accounts Payable Automation Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click toโ€ฆ