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Global Accounts Receivable Automation Market to reach USD XX million by 2028.

Global Accounts Receivable Automation Market Size study, By Component (Solutions, Services), By Deployment Mode (Cloud based, On-premises based), By Vertical (Banking, Financial Services & Insurance, IT & Telecom, Consumer Goods & Retail, Healthcare, Other Verticals), and Regional Forecasts 2022-2028

Product Code: BFBFSI-95126355
Publish Date: 21-06-2022
Page: 200

Global Accounts Receivable Automation Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Accounts receivable automation is software that is generally adopted to automate the process of account receivable functions. This software is supporting organizations in saving money and time and enhancing proficiency. The growing adoption of technologies such as cloud computing, ML, and AI, the rising need to improve productivity and efficiency of employees, and the surging demand for quick invoicing to reduce delays in payments are primary factors soaring the global market demand. For instance, according to the IEEE ComSoc in 2021, the global public spending on cloud computing reached USD 332.3 billion in 2021 with an increase of around 23.1 % from USD 270 billion in 2020. Consequentially, these factors are fostering demand for accounts receivable automation, which, in turn, accelerates the growth of the market around the world. However, the high cost of implementation is involved, and growing privacy and security concerns curb the growth of the market over the forecast period of 2022-2028. Also, the rising emphasis on the improvement of cash flow and increasing technological advancements are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Accounts Receivable Automation Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising adoption of emerging technologies, and the presence of various well-established market players such as BlackLine, Oracle, and HighRadius, and many others. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing globalization, rapid digitalization, and the rising penetration of internet facilities, would create lucrative growth prospects for the Accounts Receivable Automation Market across the Asia-Pacific region.

Major market players included in this report are:
Sage Group
SAP SE
Oracle Corporation
Workday, Inc.
Bottomline Technologies, Inc.
Comarch SA
Esker SA
Zoho Corporation
BlackLine
HighRadius

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
By Deployment Mode:
Cloud based
On-premises based
By Vertical:
Banking, Financial Services & Insurance
IT & Telecom
Consumer Goods & Retail
Healthcare
Other Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Accounts Receivable Automation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Accounts Receivable Automation Market, by Region, 2020-2028 (USD Million)
1.2.2. Accounts Receivable Automation Market, by Component, 2020-2028 (USD Million)
1.2.3. Accounts Receivable Automation Market, by Deployment Mode, 2020-2028 (USD Million)
1.2.4. Accounts Receivable Automation Market, by Vertical, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Accounts Receivable Automation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Accounts Receivable Automation Market Dynamics
3.1. Accounts Receivable Automation Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing adoption of technologies such as cloud computing, ML, and AI
3.1.1.2. Surging demand for quick invoicing to reduce delay in payments
3.1.2. Market Challenges
3.1.2.1. High cost of implementation is involved
3.1.2.2. Rising privacy and security concerns
3.1.3. Market Opportunities
3.1.3.1. Rising emphasis on the improvement of cash flow
3.1.3.2. Increasing technological advancements
Chapter 4. Global Accounts Receivable Automation Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Accounts Receivable Automation Market, by Component
6.1. Market Snapshot
6.2. Global Accounts Receivable Automation Market by Component, Performance – Potential Analysis
6.3. Global Accounts Receivable Automation Market Estimates & Forecasts by Component, 2018-2028 (USD Million)
6.4. Accounts Receivable Automation Market, Sub Segment Analysis
6.4.1. Solutions
6.4.2. Services
Chapter 7. Global Accounts Receivable Automation Market, by Deployment Mode
7.1. Market Snapshot
7.2. Global Accounts Receivable Automation Market by Deployment Mode, Performance – Potential Analysis
7.3. Global Accounts Receivable Automation Market Estimates & Forecasts by Deployment Mode, 2018-2028 (USD Million)
7.4. Accounts Receivable Automation Market, Sub Segment Analysis
7.4.1. Cloud based
7.4.2. On-premises based
Chapter 8. Global Accounts Receivable Automation Market, by Vertical
8.1. Market Snapshot
8.2. Global Accounts Receivable Automation Market by Vertical, Performance – Potential Analysis
8.3. Global Accounts Receivable Automation Market Estimates & Forecasts by Vertical, 2018-2028 (USD Million)
8.4. Accounts Receivable Automation Market, Sub Segment Analysis
8.4.1. Banking, Financial Services & Insurance
8.4.2. IT & Telecom
8.4.3. Consumer Goods & Retail
8.4.4. Healthcare
8.4.5. Other Verticals
Chapter 9. Global Accounts Receivable Automation Market, Regional Analysis
9.1. Accounts Receivable Automation Market, Regional Market Snapshot
9.2. North America Accounts Receivable Automation Market
9.2.1. U.S. Accounts Receivable Automation Market
9.2.1.1. Component breakdown estimates & forecasts, 2018-2028
9.2.1.2. Deployment Mode breakdown estimates & forecasts, 2018-2028
9.2.1.3. Vertical breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Accounts Receivable Automation Market
9.3. Europe Accounts Receivable Automation Market Snapshot
9.3.1. U.K. Accounts Receivable Automation Market
9.3.2. Germany Accounts Receivable Automation Market
9.3.3. France Accounts Receivable Automation Market
9.3.4. Spain Accounts Receivable Automation Market
9.3.5. Italy Accounts Receivable Automation Market
9.3.6. Rest of Europe Accounts Receivable Automation Market
9.4. Asia-Pacific Accounts Receivable Automation Market Snapshot
9.4.1. China Accounts Receivable Automation Market
9.4.2. India Accounts Receivable Automation Market
9.4.3. Japan Accounts Receivable Automation Market
9.4.4. Australia Accounts Receivable Automation Market
9.4.5. South Korea Accounts Receivable Automation Market
9.4.6. Rest of Asia Pacific Accounts Receivable Automation Market
9.5. Latin America Accounts Receivable Automation Market Snapshot
9.5.1. Brazil Accounts Receivable Automation Market
9.5.2. Mexico Accounts Receivable Automation Market
9.6. Rest of The World Accounts Receivable Automation Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Sage Group
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. SAP SE
10.2.3. Oracle Corporation
10.2.4. Workday, Inc.
10.2.5. Bottomline Technologies, Inc.
10.2.6. Comarch SA
10.2.7. Esker SA
10.2.8. Zoho Corporation
10.2.9. BlackLine
10.2.10. HighRadius
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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