The Business Research Company’s report on the AP/AR Automation Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the ap/ar automation market further?
The increase in demand for automated and secured payable processes is expected to propel the growth of the AP/AR automation market going forward. The automated and secured payable process refers to a method for minimizing human involvement and getting rid of risky tasks from the trade payables or accounts payables process. AP/AR automation reduces the amount of data entry required and speeds up other procedures such as payments and invoice matching, and reduces hard expenditures including document storage, postage, and other expenses. For instance, according to a report from the Institute of Financial Operations & Leadership (IFOL), a UK-based educational institute within financial operations, 9% of accounts payable (AP) departments were fully automated as of February 2023. This figure is expected to rise significantly, with two-thirds of finance professionals anticipating that their AP departments will be fully automated by 2025. Therefore, increasing demand for automated and secured payable processes is expected to propel the demand of the AP/AR automation market.
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What are the key factors influencing the forecasted market size of the ap/ar automation industry?
The AP/AR automation market size has grown strongly in recent years. It will grow from $2.4 billion in 2024 to $2.61 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to paper-based process inefficiencies, manual data entry challenges, invoice processing complexity, cost reduction goals, growing transaction volumes, need for real-time visibility, vendor and customer expectations, data security concerns.
The AP/AR automation market size is expected to see rapid growth in the next few years. It will grow to $3.95 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to advanced analytics for financial insights, mobile accessibility, enhanced user experience, integration with payment gateways, continuous compliance management, improved accuracy in financial reporting. Major trends in the forecast period include end-to-end process automation, integration with ERP systems, advanced data extraction techniques, supplier collaboration portals, focus on fraud prevention, predictive analytics for cash flow optimization, automated payment processing, real-time reporting and dashboards.
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Who are the leading competitors in the ap/ar automation market?
Major companies operating in the AP/AR automation market are AvidXchange Holdings Inc., BILL | Financial Operations Platform for Businesses & Firms Holdings Inc., Bottomline Technologies Inc., Coupa Software Inc., FinancialForce Inc., 2ndSite Inc., Nvoicepay Inc., The Sage Group PLC, Oracle Corporation, SAP SE, Kofax Inc., YayPay Inc., SK Global Software LLC, Comarch SA, Paysimple Private Limited, Armatic Technologies Inc., Fidelity National Information Services Inc., Tipalti Inc., Zycus Inc., Esker Inc., HighRadius Corporation, Yooz Inc., MineralTree Inc., Versapay Corporation, Anybill Inc., Beanworks Solutions Inc., Corcentric LLC, Dooap Inc., Goby Inc., Medius AB, Stampli Inc., Tradeshift Inc., Workday Inc., Xero Limited, Zervant Oyj, BlackLine Inc., Concur Technologies Inc.
Which emerging trends are set to transform the ap/ar automation market landscape?
Technological advancements are a key trend gaining popularity in the AP/AR automation market. Major companies operating in the AP/AR market are focused on introducing innovative and technologically advanced products to sustain their position in the market. For instance, in August 2023, Financial Software & Systems (FSS), an India-based global payment systems company launched Blaze. This is a revolutionary payments technology platform that was created specifically to meet the requirements of financial organizations and banks. Blaze gives banks and other financial institutions the ability to provide their clients with cutting-edge and unique payment experiences. This platform’s characteristics, including its scalability, security, and adaptability, make it well-positioned to lead the way for the next wave of payment technologies. The payments technology platform enables banks to get higher TPS, in line with the nation’s growing embrace of digital commerce.
How do different geographies compare in terms of market share and growth potential in the ap/ar automation market?
Asia-Pacific was the largest region in the AP/AR automation market in 2024. The regions covered in the AP/AR automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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AP/AR Automation Market Report 2025, Size, Opportunities, Key Drivers
Which major segments of the ap/ar automation market are experiencing the fastest growth?
The AP/AR automation market covered in this report is segmented –
1) By Component: Invoice Management, Electronic Purchase Order, E-Invoicing, Approval And Workflow, ERP Integration, Electronic Payment, Analysis And Reporting, Services
2) By Organization Type: Large, Small And Medium Enterprises (SMEs)
3) By End User: Banking, Financial Services And insurance (BFSI), Manufacturing, Energy And Utilities, Construction, Food And Beverages, Consumer Goods And Retail, IT Ad Telecom, Healthcare, Other End Users
Subsegments:
1) By Invoice Management: Invoice Capture, Invoice Processing, Invoice Approval
2) By Electronic Purchase Order: Purchase Order Creation, Purchase Order Tracking
3) By E-Invoicing: E-Invoice Generation, E-Invoice Delivery, E-Invoice Archiving
4) By Approval And Workflow: Workflow Automation, Approval Routing, Task Management
5) By ERP Integration: Integration With ERP Systems, Data Synchronization
6) By Electronic Payment: Automated Payment Processing, Payment Reconciliation, Payment Tracking
7) By Analysis And Reporting: Financial Analytics, Performance Reporting, Compliance Reporting
8) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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AP/AR Automation Market Report 2025, Size, Opportunities, Key Drivers
How is the ap/ar automation market defined, and what are its core characteristics?
AP/AR automation refers to a method for minimizing human involvement and getting rid of risky tasks from the trade payables or accounts payables process by utilizing accounts payable software connected with a digital trading partner network.
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