Insights on the Accounts Payable Automation Global Market to 2026 – GlobeNewswire

Dublin, July 21, 2021 (GLOBE NEWSWIRE) -- The "Global Accounts Payable Automation Market (2021-2026) by Component, Deployment Type, Application and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Accounts Payable Automation Market is estimated to be worth USD 2.5 Billion in 2021 and is expected to reach USD 4.47 Billion by 2026, growing at a CAGR of 12.3%.

Market Dynamics

The increasing demand for automation of accounts payable owing to the benefits such as remote payable option, real-time fast track process, 24/7 access to payment information, and increased efficacy is majorly driving the market. In addition, automation enables transparency of cash flows, which aids in improving security and fraud management and complete control of the invoice approval process. The Government initiatives in digitalizing and automation are fuelling market growth. However, the high cost of investment and frequent updating is hampering the market growth. Moreover, lack of skilled personnel and complicated software is anticipated to hinder the market.

Emerging of new technologies and expansion of urbanization is anticipated to create lucrative opportunities during the forecast period.

Market Segmentation

The Global Accounts Payable Automation Market is segmented based on Component, Deployment Type, Application, and Geography.

Recent Developments

Company Profiles

Some of the companies covered in this report are Tipalti, FreshBooks, FIS, Zycus, Bottomline Technologies, Coupa Software, Comarch, FinancialForce, AvidXchange, etc

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Accounts Payable Automation Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes an in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Overview4.1 Introduction4.2 Market Dynamics4.2.1 Drivers4.2.1.1 Increasing Adoption of Digitalization4.2.1.2 Rising Need of Error Free, Fast and On-Time Payment Process4.2.1.3 Growing Need of Fraud and Risk Management4.2.2 Restraints4.2.2.1 High Investment Cost4.2.3 Opportunities4.2.3.1 Merger and Acquisition Strategies of Top Players To Increase Revenue4.2.3.2 Government Initiatives in Automation4.2.4 Challenges4.2.4.1 Lack of Skilled Professional4.2.4.2 Complicated Software and Security Risk4.3 Trends

5 Market Analysis5.1 Porter's Five Forces Analysis5.2 Impact of COVID-195.3 Ansoff Matrix Analysis

6 Global Accounts Payable Automation Market, By Component6.1 Introduction6.2 Solution6.3 Services6.3.1 Professional services6.3.2 Support & Maintenance6.3.3 Managing Services

7 Global Accounts Payable Automation Market, By Deployment Type7.1 Introduction7.2 On-premises7.3 Cloud

8 Global Accounts Payable Automation Market, By Application8.1 Introduction8.2 BFSI8.3 Telecom & IT8.4 Manufacturing8.5 Healthcare8.6 Retail & Consumer Goods8.7 Energy & Utilities8.8 Others

9 Global Accounts Payable Automation Market, By Geography9.1 Introduction9.2 North America9.2.1 US9.2.2 Canada9.2.3 Mexico9.3 South America9.3.1 Brazil9.3.2 Argentina9.4 Europe9.4.1 UK9.4.2 France9.4.3 Germany9.4.4 Italy9.4.5 Spain9.4.6 Rest of Europe9.5 Asia-Pacific9.5.1 China9.5.2 Japan9.5.3 India9.5.4 Indonesia9.5.5 Malaysia9.5.6 South Korea9.5.7 Australia9.5.8 Russia9.5.9 Rest of APAC9.6 Rest of the World9.6.1 Qatar9.6.2 Saudi Arabia9.6.3 South Africa9.6.4 United Arab Emirates9.6.5 Latin America

10 Competitive Landscape10.1 Competitive Quadrant10.2 Market Share Analysis10.3 Competitive Scenario10.3.1 Mergers & Acquisitions10.3.2 Agreement, Collaborations, & Partnerships10.3.3 New Product Launches & Enhancements10.3.4 Investments & Funding

11 Company Profiles11.1 SAP Ariba11.2 Sage11.3 Tipalti11.4 FreshBooks11.5 FIS11.6 Zycus11.7 Bottomline Technologies11.8 Coupa Software11.9 Comarch11.10 FinancialForce11.11 AvidXchange11.12 Vanguard Systems11.13 Bill.Com11.14 Procurify11.15 Nvoicepay11.16 Oracle Corporation11.17 Plooto11.18 Intuit11.19 Xero11.20 ACOM Solution

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/qxdy4j

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Insights on the Accounts Payable Automation Global Market to 2026 - GlobeNewswire