Accounts Payable Automation Market Analysis & Forecast, 2020 – 2025

Report Code - ICT20201113I | Industry - Information and Communications Technology | Published on - February, 2021 | Pages - 140 | Format -

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




The global accounts payable automation market generated revenue of US$ 2,095.4 million in 2020 and is expected to reach US$ 3,299.4 million by 2025, with a CAGR of 9.5% in the forecast period. The accounts payable 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 payable automation market. In qualitative terms, the accounts payable automation market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, Porter 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 payable automation in various segments such as by component, deployment model, enterprise size & 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 payable 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. 
  • Banking, financial services, and insurance (BFSI) segment account for the dominating position in the market.
    • Based on industry, the market for accounts payable automation is segmented into consumer goods and retail, banking, financial services, and insurance (BFSI), information technology (IT) and telecom, manufacturing, healthcare, energy & utilities, and others. Over the projection period, the banking, financial services, and insurance (BFSI) segment are expected to lead the accounts payable automation market with the highest share in 2020.
  • The cloud-based deployment model is expected to grow with the highest CAGR in the forecast period.
    • Based on the deployment model, the accounts payable 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 payable 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 payable 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 Payable Automation Market Players:
    • Some of the major players of the accounts payable automation market are SAP, Sage, Tipalti, FreshBooks, FIS, Zycus, Bottomline Technologies, Coupa Software, Comarch, Financialforce, AvidXchange, Vanguard Systems, Bill.Com, Procurify, Nvoicepay. 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.
  • Key questions the report answers
    • Which factors will contribute to a change in the demand for accounts payable automation during the evaluation phase?
    • What are the major driving factors that accelerate the growth of the market?
    • What are the restraints which hinder 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?

The accounts payable automation market study offers both quantitative and qualitative analysis based on various segments and regions. The report points out the market revenue from 2019 to 2025, in which 2019 is considered to be the historical year, 2020 as the base year and from 2021 to 2025 as the projection year. Market revenue is measured in the US dollar.

The accounts payable automation market report provides a detailed study on the following segments:

Accounts Payable Automation Market, by Component

  • Solution
  • Services
    • Professional Services
    • Managed Services

Accounts Payable Automation Market, by Deployment Model

  • On- Premises
  • Cloud Based

Accounts Payable Automation Market, by Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

Accounts Payable Automation Market, by Industry

  • Consumer Goods and Retail
  • Banking, Financial Services, and Insurance (BFSI)
  • Information Technology (IT) and Telecom
  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Others

Accounts Payable Automation Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  1. Introduction             
  2. Market Overview
    1. Global Accounts Payable Automation Market Introduction        
    2. Macro- Economic Factor
    3. Market Determinants
      1. Market Driver
      2. Market Restraints
      3. Market Opportunities
      4. Market Challenges
    4. Technology/Product Roadmap
    5. Market Growth Opportunity Analysis
  3. Market Segmentation
    1. Global Accounts Payable Automation Market Analysis (US$ Mn), By Component, 2019 - 2025
      1. Solution
      2. Services
        1. Professional Services
        2. Managed Services
    2. Global Accounts Payable Automation Market Analysis (US$ Mn), By Deployment Model, 2019 – 2025
      1. On- Premises
      2. Cloud Based
    3. Global Accounts Payable Automation Market Analysis (US$ Mn), By Enterprise Size, 2019 – 2025
      1. Small & Medium Enterprises
      2. Large Enterprises
    4. Global Accounts Payable Automation Market Analysis (US$ Mn), By Industry, 2019 – 2025
      1. Consumer Goods and Retail
      2. Banking, Financial Services, and Insurance (BFSI)
      3. Information Technology (IT) and Telecom
      4. Manufacturing
      5. Healthcare
      6. Energy and Utilities
      7. Others
  4. Regional Analysis
    1. North America Accounts Payable Automation Market Analysis (US$ Mn), 2019 - 2025
      1. By Country
        1. U.S.
        2. Canada
      2. By Component
        1. Solution
        2. Services
          1. Professional Services
          2. Managed Services
      3. By Deployment Model
        1. On- Premises
        2. Cloud Based
      4. By Enterprise Size
        1. Small & Medium Enterprises
        2. Large Enterprises
      5. By Industry
        1. Consumer Goods and Retail
        2. Banking, Financial Services, and Insurance (BFSI)
        3. Information Technology (IT) and Telecom
        4. Manufacturing
        5. Healthcare
        6. Energy and Utilities
        7. Others
    2. Europe Accounts Payable Automation Market Analysis (US$ Mn), 2019 - 2025
      1. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
      2. By Component
        1. Solution
        2. Services
          1. Professional Services
          2. Managed Services
      3. By Deployment Model
        1. On- Premises
        2. Cloud Based
      4. By Enterprise Size
        1. Small & Medium Enterprises
        2. Large Enterprises
      5. By Industry
        1. Consumer Goods and Retail
        2. Banking, Financial Services, and Insurance (BFSI)
        3. Information Technology (IT) and Telecom
        4. Manufacturing
        5. Healthcare
        6. Energy and Utilities
        7. Others
    3. Asia Pacific Accounts Payable Automation Market Analysis (US$ Mn), 2019 - 2025
      1. By Country
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific
      2. By Component
        1. Solution
        2. Services
          1. Professional Services
          2. Managed Services
      3. By Deployment Model
        1. On- Premises
        2. Cloud Based
      4. By Enterprise Size
        1. Small & Medium Enterprises
        2. Large Enterprises
      5. By Industry
        1. Consumer Goods and Retail
        2. Banking, Financial Services, and Insurance (BFSI)
        3. Information Technology (IT) and Telecom
        4. Manufacturing
        5. Healthcare
        6. Energy and Utilities
        7. Others
    4. Middle East & Africa Accounts Payable Automation Market Analysis (US$ Mn), 2019 - 2025
      1. By Region
        1. Middle East
        2. Africa
      2. By Component
        1. Solution
        2. Services
          1. Professional Services
          2. Managed Services
      3. By Deployment Model
        1. On- Premises
        2. Cloud Based
      4. By Enterprise Size
        1. Small & Medium Enterprises
        2. Large Enterprises
      5. By Industry
        1. Consumer Goods and Retail
        2. Banking, Financial Services, and Insurance (BFSI)
        3. Information Technology (IT) and Telecom
        4. Manufacturing
        5. Healthcare
        6. Energy and Utilities
        7. Others
    5. Latin America Accounts Payable Automation Market Analysis (US$ Mn), 2019 - 2025
      1. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
      2. By Component
        1. Solution
        2. Services
          1. Professional Services
          2. Managed Services
      3. By Deployment Model
        1. On- Premises
        2. Cloud Based
      4. By Enterprise Size
        1. Small & Medium Enterprises
        2. Large Enterprises
      5. By Industry
        1. Consumer Goods and Retail
        2. Banking, Financial Services, and Insurance (BFSI)
        3. Information Technology (IT) and Telecom
        4. Manufacturing
        5. Healthcare
        6. Energy and Utilities
        7. Others
  5. Competitive Analysis
    1. Company Share Analysis (%) 2019
    2. List of Acquisition, Merger, Collaboration & New Product Launch
  6. Company Profiles
    1. SAP
    2. Sage
    3. Tipalti
    4. FreshBooks
    5. FIS
    6. Zycus
    7. Bottomline Technologies
    8. Coupa Software
    9. Comarch
    10. Financialforce
    11. AvidXchange
    12. Vanguard Systems
    13. Bill.Com
    14. Procurify
    15. Nvoicepay

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