Middle East & Africa Accounts Payable Automation Market Size & Outlook
Middle East & Africa accounts payable automation market, 2018-2030 (US$M)
MEA accounts payable automation market highlights
- The MEA accounts payable automation market generated a revenue of USD 266.6 million in 2023.
- The market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 266.6 million |
| Market revenue in 2030 | USD 615.6 million |
| Growth rate | 12.7% (CAGR from 2024 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | SAP SE, Sage Group (The) PLC, Tipalti, FreshBooks, Zycus, Bottomline, Coupa Software, Comarch |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.7% of the global accounts payable automation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,489.5 million by 2030.
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Accounts Payable Automation Market Scope
Accounts Payable Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa accounts payable automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to accounts payable automation market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa accounts payable automation market based on solution covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa accounts payable automation market databook
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Our clientele includes a mix of accounts payable automation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa accounts payable automation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa accounts payable automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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