ACCOUNTS RECEIVABLE AUTOMATION MARKET ANALYSIS

Regional Analysis

Global Accounts Receivable Automation Market: Regional Insights

North America is expected to dominate the global accounts receivable automation market during the forecast period, owing to rise in use of accounts receivable automation solutions in the End User industries such as IT and telecom, retail, healthcare, and BFSI. Moreover, the region is witnessing substantial growth in these industries along with growing developments in accounts receivable space. Furthermore, the region has a strong presence of vendors, which is also expected to contribute in growth of the global accounts receivable automation market in the region.

Moreover, Asia Pacific is also expected to show substantial growth in the global accounts receivable automation market during the forecast period. This can be attributed to rise in need for automating day-to-day operational processes in industries. The demand for precise accounting procedure management and on-time processing of payment process from customers is increasing, due to which accounts enterprises in this region are increasingly adopting receivable automation to propel the payment collection. Thus, these factors are expected to drive growth of the global accounts receivable automation market in the region.

Figure 1: Global Accounts Receivable Automation Market Share (%), By Region, 2022