Accounts Receivable Automation Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Accounts Receivable Automation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Accounts Receivable Automation Market Size and Its Estimated Growth Rate?
The rapid expansion of the accounts receivable automation market has been notable in the preceding years. The market, valued at $3.52 billion in 2024, is projected to increase to $4.03 billion in 2025, with a compound annual growth rate (CAGR) of 14.3%. Factors contributing to this growth during the historical period include inefficiencies in manual processes, a rise in the number of transactions, efforts to reduce errors and improve accuracy, initiatives to reduce costs, and the need for quicker processing.

Over the coming years, the market size for accounts receivable automation is poised for swift expansion. By 2029, it's predicted to reach $7.22 billion with a compound annual growth rate (CAGR) of 15.7%. This growth through the forecast period can be linked to factors such as the ongoing digital transformation, development of remote workforce, heightened emphasis on cash flow optimization, need for scalability and flexibility, and a customer-oriented approach. The market trends expected during the forecast period consist of competition and innovation in the market, partnerships with suppliers/vendors, a shift towards sustainability and paper-free processes, and a heightened focus on cybersecurity.

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How Are Emerging Segments Shaping the Accounts Receivable Automation Market Landscape?
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 And Consumer Goods., Healthcare, IT And Telecom., Manufacturing, Energy And Utilities, Other Vertical

Subsegments:
1) By Solution: Invoice Processing Software, Payment Processing Solutions, Collections Management Software, Reporting And Analytics Tools
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services

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Which Growth Factors Are Influencing Accounts Receivable Automation Market Expansion?
The anticipated growth of the account receivable automation market is thought to be driven by the growing acceptance of automation and digital technologies by small and medium-sized enterprises (SMEs). Automation and digital tools help these businesses to cut costs, streamline operations, and lessen their dependence on workforce. It also sets the stage for SMEs to embrace account receivable automation. To illustrate, a report published in February 2024 by the UK's Department for Science and Technology revealed that provisional estimates for 2022 showed the digital sector's contribution to the UK economy at £158.3 ($206.66) billion, which accounts for 7.2% of the total UK Gross Value Added (GVA), a slight rise from 7.1% in 2021. Consequently, as more SMEs start to adopt automation and digital technologies, it is expected that there will be an increase in the growth of the accounts receivable automation market.

Who Are the Dominant Players Across Different Accounts Receivable Automation Market Segments?
Major companies operating in the accounts receivable automation market 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.

What Are the Latest Developing Trends in the Accounts Receivable Automation Market?
The key trend gaining momentum in the accounts receivable automation market is technological adoption. Major firms in the market are introducing innovative technologies to establish a competitive advantage. For instance, in February 2022, Quadient, a French company operating in business process automation and customer experience management, unveiled an accounts payable (AP) automation solution, offering a safer and more convenient method of approving invoices and making payments to vendors from any location.

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Which Geographic Regions Are Expected to Dominate the Accounts Receivable Automation Market in the Coming Years?
North America was the largest region in the accounts receivable automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the accounts receivable automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Accounts Receivable Automation Market?
2. What is the CAGR expected in the Accounts Receivable Automation Market?
3. What Are the Key Innovations Transforming the Accounts Receivable Automation Industry?
4. Which Region Is Leading the Accounts Receivable Automation Market?

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