Global Accounts Receivable Automation Market 2023 - 2028: Rising Need for Workflow Automation Drives Growth


Dublin, May 23, 2023 (GLOBE NEWSWIRE) -- The "Global Accounts Receivable Automation Market (2023-2028) by Component, Deployment, Enterprise Size, End-User, and Geography, Competitive Analysis, Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Accounts Receivable Automation Market is estimated to be USD 1.93 Bn in 2023 and is expected to reach USD 3.51 Bn by 2028, growing at a CAGR of 12.70%.

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.

Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Accounts Receivable Automation Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Accounts Receivable Automation Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Accounts Receivable Automation Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the Report
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Key Attributes:

Report AttributeDetails
No. of Pages209
Forecast Period2023 - 2028
Estimated Market Value (USD) in 2023$1.93 Billion
Forecasted Market Value (USD) by 2028$3.51 Billion
Compound Annual Growth Rate12.7%
Regions CoveredGlobal

Market Dynamics

Drivers

  • Rising Need for Workflow Automation
  • Growing Need for Speeding Up Customers Payments

Restraints

  • High Cost Associated with the Systems
  • Technical Complexities in Software Implementation

Opportunities

  • Rising Cloud Based AR Automation Solution
  • Ongoing Integration of AI in Accounts Receivable Automation

Challenges

  • Rising Data Security Concerns
  • Lack of Awareness Among Enterprises

Companies Mentioned

  • Sage Group PLC
  • SAP SE
  • Oracle Corp.
  • Workday, Inc.
  • Bottomline Technologies, Inc.
  • Comarch SA
  • Kofax, Inc.
  • Zoho Corp.
  • HighRadius Technologies
  • FinancialForce
  • Emagia
  • VersaPay
  • BlackLine Inc.
  • Invoiced, Inc.
  • Quadient
  • Esker SA
  • Microsoft Corp.
  • MHC Automation

Market Segmentation

The Global Accounts Receivable Automation Market is segmented based on Component, Deployment, Enterprise Size, End-User, and Geography.

  • By Component, the market is classified as services and solutions. Amongst all the solution segment holds the highest market share.
  • By Deployment Type, the market is classified as on-premises and cloud.
  • By Enterprise Size, the market is classified as small and medium-sized enterprises (SMEs), and large enterprises.
  • By End-User, the market is classified as Telecom & Information Technology (IT), Non-profit Organizations, Construction, Healthcare, and Life Sciences, Food and Beverage, Energy and Utilities, Consumer Goods and Retail, Manufacturing, Chemicals, BFSI (Banking, Financial Services, and Insurance) and Others.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific

For more information about this report visit https://www.researchandmarkets.com/r/1ly9yi

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Global Accounts Receivable Automation Market

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