Accounts Payable automation (AP Automation) refers to technology that is used to streamline and automate accounts payable processes, removing manual tasks and providing better visibility and control over important financial data.
This report contains market size and forecasts of Accounts Payable Automation in Global, including the following market information:
Global Accounts Payable Automation Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Accounts Payable Automation market was valued at 1861.7 million in 2021 and is projected to reach US$ 3005.6 million by 2028, at a CAGR of 7.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-premises Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Accounts Payable Automation include SAP Ariba, Sage Software, Tipalti, FreshBooks, Zycus, FIS, Bottomline Technologies, Coupa Software and Comarch, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Accounts Payable Automation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Accounts Payable Automation Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Accounts Payable Automation Market Segment Percentages, by Type, 2021 (%)
On-premises
Cloud
Global Accounts Payable Automation Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Accounts Payable Automation Market Segment Percentages, by Application, 2021 (%)
Consumer Goods and Retail
Banking, Financial Services, and Insurance (BFSI)
Information Technology (IT) and Telecom
Manufacturing
Healthcare
Energy and Utilities
Others
Global Accounts Payable Automation Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Accounts Payable Automation Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Accounts Payable Automation revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Accounts Payable Automation revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SAP Ariba
Sage Software
Tipalti
FreshBooks
Zycus
FIS
Bottomline Technologies
Coupa Software
Comarch
FinancialForce
AvidXchange
Vanguard Systems
Bill.Com
Procurify
Nvoicepay