Global Accounts Receivable Automation Market Size & Outlook
The accounts receivable automation industry worldwide is expected to reach a projected revenue of US$ 8,833.2 million by 2030. A compound annual growth rate of 12.8% is expected of the worldwide accounts receivable automation industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,809.8
Forecast, 2030 (US$M)
$8,833.2
CAGR, 2024 - 2030
12.8%
Report Coverage
Worldwide
Global accounts receivable automation market, 2018-2030 (US$M)
Related Markets
Global accounts receivable automation market highlights
- The global accounts receivable automation market generated a revenue of USD 3,809.8 million in 2023 and is expected to reach USD 8,833.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.8% by 2030.
- In terms of segment, solution accounted for a revenue of USD 2,790.7 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,809.8 million |
| Market revenue in 2030 | USD 8,833.2 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 31.0% of the global accounts receivable automation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,384.9 million by 2030.
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Accounts Receivable Automation Market Scope
Accounts receivable automation market segmentation & scope
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Accounts Receivable Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global accounts receivable automation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Accounts receivable automation market size, 2023 (US$M)
Global accounts receivable automation market share, by component, 2023 & 2030 (%, US$M)
Accounts receivable automation market: Opportunity assessment by country
Global accounts receivable automation market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 753.5 | 815.8 | 887.5 | 970.6 | 1,069.4 | 1,182.5 | 1,313.2 | 1,463.1 | 1,634.0 | 1,828.8 | 2,049.2 | 2,297.6 | 2,576.4 | 11.8% |
| Europe | 582.6 | 632.2 | 689.3 | 755.8 | 835.1 | 926.1 | 1,031.6 | 1,153.2 | 1,292.6 | 1,452.3 | 1,634.0 | 1,840.1 | 2,073.2 | 12.2% |
| Asia Pacific | 447.2 | 495.2 | 551.1 | 616.8 | 695.5 | 787.0 | 894.6 | 1,020.4 | 1,167.1 | 1,338.1 | 1,536.2 | 1,765.3 | 2,029.4 | 14.5% |
| Latin America | 204.7 | 224.1 | 246.6 | 272.7 | 304.0 | 340.1 | 382.2 | 431.0 | 487.3 | 552.3 | 626.9 | 712.1 | 809.2 | 13.2% |
| MEA | 349.6 | 381.8 | 419.0 | 462.4 | 514.3 | 574.1 | 643.6 | 724.2 | 817.0 | 924.0 | 1,046.4 | 1,186.1 | 1,345.0 | 12.9% |
| Overall | 2,337.5 | 2,549.1 | 2,793.6 | 3,078.3 | 3,418.4 | 3,809.8 | 4,265.1 | 4,791.8 | 5,398.0 | 6,095.4 | 6,892.7 | 7,801.1 | 8,833.2 | 12.8% |
Related regional statistics
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