South Korea Accounts Receivable Automation Market Size & Outlook
The accounts receivable automation market in South Korea is expected to reach a projected revenue of US$ 289.5 million by 2030. A compound annual growth rate of 15.5% is expected of South Korea accounts receivable automation market from 2024 to 2030.
Revenue, 2023 (US$M)
$105.5
Forecast, 2030 (US$M)
$289.5
CAGR, 2024 - 2030
15.5%
Report Coverage
South Korea
South Korea accounts receivable automation market, 2018-2030 (US$M)
Related Markets
South Korea accounts receivable automation market highlights
- The South Korea accounts receivable automation market generated a revenue of USD 105.5 million in 2023 and is expected to reach USD 289.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.5% 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.
Accounts receivable automation market data book summary
| Market revenue in 2023 | USD 105.5 million |
| Market revenue in 2030 | USD 289.5 million |
| Growth rate | 15.5% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.8% of the global accounts receivable automation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China accounts receivable automation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 269.4 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 |
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South Korea accounts receivable automation market size, by component, 2018-2030 (US$M)
South Korea Accounts Receivable Automation Market Outlook Share, 2023 & 2030 (US$M)
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