How big is the Accounts Receivable Automation Market?

The Accounts Receivable Automation Market size is expected to reach USD 3.04 billion in 2024 and grow at a CAGR of 11.84% to reach USD 5.32 billion by 2029. Read More

What is the current Accounts Receivable Automation Market size?

In 2024, the Accounts Receivable Automation Market size is expected to reach USD 3.04 billion. Read More

Who are the key players in Accounts Receivable Automation Market?

SAP SE, Oracle Corporation, SK Global Software, Quadient (YayPay Inc.) and Kofax Inc. (Tungsten Automation Corporation) are the major companies operating in the Accounts Receivable Automation Market. Read More

Which is the fastest growing region in Accounts Receivable Automation Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Accounts Receivable Automation Market?

In 2024, the North America accounts for the largest market share in Accounts Receivable Automation Market. Read More

What years does this Accounts Receivable Automation Market cover, and what was the market size in 2023?

In 2023, the Accounts Receivable Automation Market size was estimated at USD 2.68 billion. The report covers the Accounts Receivable Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Accounts Receivable Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Accounts Receivable Automation Market Share

Statistics for the 2023 & 2024 Accounts Receivable Automation market share, created by Mordor Intelligence™ Industry Reports. Accounts Receivable Automation share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Accounts Receivable Automation Industry

Global Players Dominate Consolidated Market

The Accounts Receivable Automation Market is dominated by global technology and financial service firms. Large enterprises such as SAP, Oracle, and Workday are leading the charge, while fintech innovators like HighRadius and Billtrust are introducing cutting-edge AR solutions tailored for businesses of all sizes. Consolidation in the market is reinforced by strategic partnerships and investments in AI, machine learning, and robotic process automation.

Technological Leadership: Established market players are focusing on developing robust, AI-driven accounts receivable management tools that offer superior automation capabilities and analytics.

Innovative Partnerships: HighRadius has expanded its collaboration with Commerce Bank to enhance AR automation processes, modernizing AR functions across different sectors.

Cloud-Based Dominance: Leaders in the market continue to prioritize cloud integration, with companies like SAP SE and Oracle focusing on scalable, AI-enhanced platforms for both SMEs and large enterprises.

Technology Giants and Fintech Innovators Lead: Major players include enterprise software providers like SAP SE and Oracle Corporation, alongside fintech companies like YayPay and Billtrust. The common theme among these leaders is their focus on cloud technology, accounts receivable process optimization, and seamless ERP integration.

Expansion into New Markets: Companies like Esker and HighRadius are rolling out AR automation solutions to address global demand, particularly in emerging markets like Asia-Pacific.

AI and Analytics Focus: Advanced AI-driven platforms like Esker’s Cash Application are gaining prominence, demonstrating the potential of predictive analytics in optimizing AR processes.

Adapting to Regulatory Demands: Companies are also tailoring solutions to meet local regulatory standards, exemplified by Apruve’s multilingual, localized invoicing tools designed for the Chinese market.