Accounts Receivable Automation Market by Component, Deployment Model, Enterprise Size & Industry – Global Market Analysis and Forecast (2020 – 2025)

The global accounts receivable automation market generated revenue of US$ 1.7 billion in 2020 and is expected to reach US$ 2.9 billion by 2025 with a CAGR of 11.1% in the forecast period. The accounts receivable automation market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global accounts receivable automation market. In qualitative terms, the accounts receivable automation market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of accounts receivable automation in various segments such as by component, deployment model, enterprise size, and industry at global, regional, and country-level. Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
Segment Analysis
 The solution segment accounts for the dominating position in the market. 
• Based on components, the accounts receivable automation market is segmented into solutions and services. The solution segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. The service segment is further segmented into professional and managed services. The professional service segment accounts for the dominant position in the market in 2020 whereas the managed service segment is expected to grow with the highest CAGR in the forecast period. 
 The manufacturing industry accounts for the dominating position in the market.
• Based on application, the market for accounts receivable automation is segmented into consumer goods and retail, manufacturing, BFSI, IT and telecom, healthcare, energy and utilities, and others. Over the projection period, the manufacturing industry is expected to lead the accounts receivable automation market with the highest share. The healthcare is expected to grow with the highest CAGR during the forecast period.
 The cloud-based deployment model is expected to grow with the highest CAGR in the forecast period.
• Based on the deployment model, the accounts receivable automation market is segmented into on-premises and cloud-based. The cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Also, on-premises hold a dominant market position in 2020 and are expected to remain dominant over the forecast period.
 The large Enterprises segment accounts for the dominating position in the market.
• Based on enterprise size, the accounts receivable automation market is segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to grow with the highest CAGR during the forecast period. Moreover, the large enterprise segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period.
 North America accounts for the dominating position in the market.
• Based on the region, the accounts receivable automation market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to contribute to the larger market share in 2020. The United States and Canada are the largest market-driven countries in this region. Moreover, Asia Pacific is projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major market-driven countries in the world.
 Accounts Receivable Automation Market Players:
• Some of the major players of the accounts receivable automation market are Bottomline Technologies, Inc., ComArch SA, Emagia Corporation, Esker, Inc., FinancialForce, HighRadius Corporation, Invoiced, Inc., Kofax Inc., Oracle Corporation, Rimilia Holdings Ltd, SAP SE, VersaPay Corp., Workday, Inc., YayPay Inc., Zoho Corporation Pvt. Ltd. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances, and mergers and acquisitions to create disruptive technologies and consumer networks.
The accounts receivable automation market report provides a detailed study on the following segments:
Accounts Receivable Automation Market, by Component
 Solution
 Services
• Professional Services
• Managed Services
Accounts Receivable Automation Market, by Deployment Model
 On- Premises
 Cloud Based
Accounts Receivable Automation Market, by Enterprise Size
 Small & Medium Enterprises
 Large Enterprises
Accounts Receivable Automation Market, by Industry
 Consumer goods and retail
 Manufacturing
 BFSI
 IT and Telecom
 Healthcare
 Energy and Utilities
 Others (Government, transportation and logistics, and education)
Accounts Receivable Automation Market, by Region
 North America
 Europe
 Asia Pacific
 Middle East & Africa
 Latin America
 Key questions the report answers
• What are the major driving factors that accelerate the growth of the market?
• What are the restraints which hinders the growth of the market?
• What segment offers the most development opportunities?
• Which region provides the key growth opportunity to the market?
• Who are the major industry players?
• What are the key strategies adopted by the market players?