• According to Dhirtek Business Research, “global accounts receivable automation market by component (solution, services), deployment model (on-premises and cloud-based), enterprise size (small & medium enterprises and large enterprises) and industry (consumer goods and retail, manufacturing, BFSI, IT and telecom, healthcare, energy and utilities, others)” generated revenue of US$ 1.7 million in 2020 and is expected to reach US$ 2.9 million by 2025 with a CAGR of 11.1% in the forecast period.
• Based on the region, the accounts receivable automation market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and is expected to remain dominant over the forecast period. Moreover, Asia Pacific expected to grow with the highest CAGR in the forecast period. China, India, and Japan are some of the market-driven countries in this region.
• Based on industry, the segment of healthcare is projected to expand at the fastest CAGR in the forecast period. Also, the manufacturing segment holds a dominant market position in 2020 and is expected to remain dominant throughout the forecast period.
• Based on the size of the enterprise, the segment of small and medium-sized enterprises is projected to expand at the fastest CAGR in the forecast period. Also, the large enterprise segment holds a dominant market position in 2020 and is expected to remain dominant throughout the forecast period.
• Based on the deployment model, the cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and is expected to retain its dominance throughout the forecast period.
• The research report provides a detailed analysis of the global market dynamics in accounts receivable automation. Considering 2019 as the base year, the study presents estimated market data for the 2020 to 2025 forecast period.
• The report includes the accounts receivable automation market for various industries across different geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). It also focuses on key developments and threats impacting the market and the vendor landscape.
• The study contains a chapter explaining the impact of COVID 19 on the global market for accounts receivable automation. The study further discusses the key factors, the business environment, and emerging developments in the accounts receivable automation market. The study ends with an overview of the accounts receivable automation providers and provides comprehensive profiles of the key players in the global accounts receivable automation market.

Scope of the report:

Accounts Receivable Automation Market Players:

Some of the major players of 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 and 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.