The global accounts receivable automation market size reached USD 2.64 Billion in 2021 and is expected to register a revenue CAGR of 13.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for digital platforms for tracking daily accounting activities is the key factor driving revenue growth of the market.
Some of the key factors driving the growth of the global Accounts Receivable Automation market include expanding R&D efforts to develop novel Accounts Receivable Automation products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Accounts Receivable Automation
The COVID-19 pandemic had a significant negative influence on the market for Accounts Receivable Automation in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Accounts Receivable Automation were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Accounts Receivable Automation in 2020. Additionally, demand for Accounts Receivable Automation decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Accounts Receivable Automation market : Competitive Landscape
The prominent players operating in the Accounts Receivable Automation market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Accounts Receivable Automation market .
Some of the prominent players operating in the market are:
Oracle Corporation, Kofax Inc., Quadient, SK Global Software, Sage Group plc, BlackLine Inc., Bottomline Technologies, Inc., Microsoft Corporation, and MHC Automation
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Accounts Receivable Automation market ?
What are the key factors driving the Global Accounts Receivable Automation market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Accounts Receivable Automation market ?
Who are the distributors, traders, and dealers of Accounts Receivable Automation market ?
What are the Accounts Receivable Automation market opportunities and threats faced by the vendors in the Global Accounts Receivable Automation industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion; 2019-2030)
- Solutions
- Dispute Management
- Deductions Management
- Credit Evaluation & Management
- Collections Management
- Bill Presentment & Payment
- Cash Application Automation
- Receivables Analytics
- Services
- Managed Services
- Professional Services
- Implementation & Integration
- Consulting
- Support & Maintenance
- Solutions
-
Deployment Type Outlook (Revenue, USD Billion; 2019-2030)
- On-Premises
- Cloud
-
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Small and Medium-Sized Enterprises
- Large Enterprises
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Regional Bifurcation of the Accounts Receivable Automation market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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