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Accounts Receivable & Accounts Payable Automation Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Accounts Receivable & Accounts Payable Automation Market SizeThe global Accounts Receivable & Accounts Payable Automation revenue was US$ 2548 million in 2022 and is forecast to a readjusted size of US$ 4939.7 million by 2029 with a CAGR of 9.8% during the review period (2023-2029).
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In terms of product, Cloud-based is the largest segment, with a share over 80%. And in terms of application, the largest application is SMEs, followed by Large Enterprises.
This report focuses on global and India Accounts Receivable & Accounts Payable Automation market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Accounts Receivable & Accounts Payable Automation will continue to grow rapidly in the future.
By Type
• Cloud-based
• On-premises
By Application
• SMEs
• Large Enterprises
Key Companies
SAP Ariba, Beanworks, Sage, Xero, Tipalti, Freshbooks, Stampli, MineralTree, AvidXchange, FinancialForce, Bill.com, PaySimple, BlueSnap (Armatic), Oracle, Nvoicepay, Esker, SutiSoft, Emburse (Chrome River), Zycus, FIS, Bottomline Technologies, Coupa Software, Comarch, Vanguard Systems, Procurify
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