Latin America Accounts Receivable Automation Market Size & Outlook
The accounts receivable automation market in Latin America is expected to reach a projected revenue of US$ 809.2 million by 2030. A compound annual growth rate of 13.2% is expected of Latin America accounts receivable automation market from 2024 to 2030.
Revenue, 2023 (US$M)
$340.1
Forecast, 2030 (US$M)
$809.2
CAGR, 2024 - 2030
13.2%
Report Coverage
Latin America
Latin America accounts receivable automation market, 2018-2030 (US$M)
Related Markets
Latin America accounts receivable automation market highlights
- The Latin America accounts receivable automation market generated a revenue of USD 340.1 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 340.1 million |
| Market revenue in 2030 | USD 809.2 million |
| Growth rate | 13.2% (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, Latin America region accounted for 8.9% of the global accounts receivable 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 2,029.4 million by 2030.
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Accounts Receivable Automation Market Scope
Accounts receivable automation market segmentation & scope
Others
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Accounts Receivable Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America accounts receivable automation market size, by country, 2018-2030 (US$M)
Latin America Accounts Receivable Automation Market Outlook Share, 2023 & 2030 (US$M)
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