ICT
Global Accounts Payable Automation Market to 2032
Revenue, 2024 (USD Million)
3,121.62
Forecast, 2032 (USD Million)
7,505.50
CAGR, 2024 - 2032
13.66%
Report Coverage
Global
Global Accounts Payable Automation Market 2018-2032 USD Million
Global Accounts Payable Automation Market, Overview (2024-2032)
Market Growth and Projections:
- Market Size (2024): 3,121.62 USD Million
- Projected Market Size (2032): 7,505.50 USD Million
- CAGR (2024-2032): 13.66%
Key Findings of Global Accounts Payable Automation Market
- The Global Accounts Payable Automation Market is likely to grow at a CAGR of 13.66% during the forecast period of 2024 to 2032.
- Global Accounts Payable Automation Marketsize was valued at 3,121.62 USD Million in 2024.
- In 2024, Large Enterprise segment dominated the market with the largest market share.
- Manufacturing in the product segment is expected to witness the fastest growth during the forecast period.
Global Accounts Payable Automation Market Scope
Global Accounts Payable Automation Market Segmentation & Scope
Deployment Type
- On Premise
- Cloud
Vertical
- Manufacturing
- Consumer Goods And Retail
- Healthcare
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government
- Automotive
- Others
- Energy and Utilities
Process
- Export
- Payment Execution
- Payment Authorization
- Invoice Approval
- Invoice Capture
Component
- Solutions
- Services
Organization Size
- Large Enterprise
- Small and Medium Enterprise
Global Accounts Payable Automation Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 3,121.62 USD Million |
| Market Value in 2032 | 7,505.50 USD Million |
| CAGR (2024-2032) | 13.66% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Deployment Type,Vertical,Process,Component,Organization Size |
| Largest Segment | Large Enterprise |
| Fastest Growing Segment | Manufacturing |
| Major Players | Oracle, SAP SE or an SAP affiliate company, FIS, Others, AvidXchange, Inc., BILL Operations, LLC. |
Market Segmentation:
-
Product Segment:
- Largest Segment (2024): Large Enterprise
- Fastest Growing Segment (2024-2032): Manufacturing
Regional Insights:
-
Leading Market (2024-2032): Global
- Key Country: Argentina, leading in terms of revenue and market share by 2032.
Global Accounts Payable Automation Market Company Share Analysis
| Name | Market Share | OwnnerShip | HQ | Website |
|---|---|---|---|---|
| Oracle | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| SAP SE or an SAP affiliate company | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| FIS | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Others | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| AvidXchange | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Inc. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| BILL Operations | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| LLC. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
Global Accounts Payable Automation Market Geographical Sales Distribution, 2018-2032 USD Million
Global Accounts Payable Automation Market Company Profiling
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
Frequently Asked Questions
The Global Accounts Payable Automation Market is segmented based on Segmentation Deployment Type,Vertical,Process,Component,Organization Size.
Global Accounts Payable Automation Market was valued at USD 3,121.62(Revenue in USD Million) in 2020.
Global Accounts Payable Automation Market is projected to grow at a CAGR of 13.66% during the forecast period of 2024 to 2032.
The estimated market value of the Global Accounts Payable Automation Market for final year is USD 7,505.50 (USD Million).
Related Markets
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.