Accounts Payable Automation Market Top key Players, Size, Share, Demand, Opportunities And Forecasts To 2026

The global accounts payable automation market was valued at USD 2 billion in 2019 and is estimated to reach USD 4 billion by 2026, expanding at a CAGR of 11% during the forecast period, 2020 – 2026. The growth of the market is attributed to rising demand for controlled user access to decrease frauds related to payment.

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The use of analogue methods for payments is steadily being replaced by digital technologies. Organizations are experiencing rapid digitization to remain in sync with the changing requirements of the contemporary periods. This factor has played a vital role in the growth of the market. The regular need of organizations to make payments and give grants to their dealers has paved way for revenues in the market, as digital transformation has become important, this market is expected to reach fruition during the forecast period.

Businesses are expected subordinate accelerate processing times by 73% using the digital payables platforms, this has coupled the advancements in automation technologies. The Banking, Financial Services, and Insurance sector are more focused and technologically advanced for answering the consumer expectations while trying to protect the market share in contradiction of an increasing array of competitors. The banks are also focusing in increasing efficiency of documents by substituting paper invoices with digital invoices

Segment covered in the report:

By Components:

• Solutions
• Services

By Deployment Types:

• On premises
• Cloud

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

By Key Player:

• FreshBooks
• Ariba, Inc
• Nvoicepay
• Comarch
• Beanworks
• Bottomline
• Technologies (de), Inc
• Coupa Software Inc
• FinancialForce
• Norming Software International Ltd
• AvidXchange,
• Vanguard Systems
• MineralTree
• Zycus Inc

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Table Of Content:                                           

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Accounts Payable Automation Market Overview

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Accounts Payable Automation Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Accounts Payable Automation Market – Supply Chain

4.5. Global Accounts Payable Automation Market Forecast

4.5.1. Accounts Payable Automation Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Accounts Payable Automation Market Size (000? Units) and Y-o-Y Growth

4.5.3. Accounts Payable Automation Market Absolute $ Opportunity

5. Global Accounts Payable Automation Market Analysis and Forecast by Type

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Accounts Payable Automation Market Size and Volume Forecast by Type

5.3.1. On-premises

5.3.2. Cloud

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type

Continued….

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