The Latin America, Middle East and Africa Accounts Payable Automation Market would witness market growth of 17.7% CAGR during the forecast period (2022-2028).
The buying department of a company sends a vendor a purchase order to start a transaction: The PO will include a list of the desired goods, the quantity of each item, and the total cost of the order. A receiving report is created when the product is delivered to the buying organization to record the shipment: Any damages or quantity inconsistencies related to the order will be included in this report.
Lastly, the vendor sends the buying organization the vendor invoice in order to seek payment for the products or services provided. After receiving the vendor invoices, accounts payable starts the process of managing the invoices. As part of the invoice management process, accounting clerks often manually match invoice line items against the PO and/or receipt line items by comparing the side of the document by the side. This strategy requires much time and resources without an accounts payable automation platform.
The UAE's healthcare and life sciences sectors provide several opportunities. The UAE has a strong healthcare infrastructure as one of the Middle East's most developed and varied economies. Building a world-class healthcare infrastructure is a high goal for the UAE government. As a result, during the last several years, the sector has seen enormous growth. The UAE's healthcare industry has grown to accommodate its population's changing requirements and its aspiration to establish itself as a regional center for medical tourism. The UAE has increased its commitment to investing in healthcare due to COVID-19. The healthcare sector's strong presence due to high government funding is anticipated to boost the accounts payable automation market's growth in the LAMEA due to the benefits it provides to the healthcare sector.
The Brazil market dominated the LAMEA Accounts Payable Automation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $117.4 million by 2028. The Argentina market is experiencing a CAGR of 18.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 17.3% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-Premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government, Manufacturing, Healthcare & Lifesciences, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Accounts Payable Automation Market is Projected to reach USD 5.3 Billion by 2028, at a CAGR of 11.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Fidelity National Information Services, Inc., The Sage Group PLC, Comarch SA, Tipalti, Inc., Bottomline Technologies, Inc., AvidXchange Holdings, Inc., Procurify Technologies, Inc., FinancialForce.com, Inc. and Zycus, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment Mode
By Organization Size
By Vertical
- BFSI
- IT & Telecom
- Government
- Manufacturing
- Healthcare & Lifesciences
- Consumer Goods & Retail
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Fidelity National Information Services, Inc.
- The Sage Group PLC
- Comarch SA
- Tipalti, Inc.
- Bottomline Technologies, Inc.
- AvidXchange Holdings, Inc.
- Procurify Technologies, Inc.
- FinancialForce.com, Inc.
- Zycus, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Accounts Payable Automation Market, by Component
1.4.2 LAMEA Accounts Payable Automation Market, by Deployment Mode
1.4.3 LAMEA Accounts Payable Automation Market, by Organization Size
1.4.4 LAMEA Accounts Payable Automation Market, by Vertical
1.4.5 LAMEA Accounts Payable Automation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. LAMEA Accounts Payable Automation Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Accounts Payable Automation Market by Deployment Mode
5.1 LAMEA On-Premise Market by Country
5.2 LAMEA Cloud Market by Country
Chapter 6. LAMEA Accounts Payable Automation Market by Organization Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA SMEs Market by Country
Chapter 7. LAMEA Accounts Payable Automation Market by Vertical
7.1 LAMEA BFSI Market by Country
7.2 LAMEA IT & Telecom Market by Country
7.3 LAMEA Government Market by Country
7.4 LAMEA Manufacturing Market by Country
7.5 LAMEA Healthcare & Lifesciences Market by Country
7.6 LAMEA Consumer Goods & Retail Market by Country
7.7 LAMEA Others Market by Country
Chapter 8. LAMEA Accounts Payable Automation Market by Country
8.1 Brazil Accounts Payable Automation Market
8.1.1 Brazil Accounts Payable Automation Market by Component
8.1.2 Brazil Accounts Payable Automation Market by Deployment Mode
8.1.3 Brazil Accounts Payable Automation Market by Organization Size
8.1.4 Brazil Accounts Payable Automation Market by Vertical
8.2 Argentina Accounts Payable Automation Market
8.2.1 Argentina Accounts Payable Automation Market by Component
8.2.2 Argentina Accounts Payable Automation Market by Deployment Mode
8.2.3 Argentina Accounts Payable Automation Market by Organization Size
8.2.4 Argentina Accounts Payable Automation Market by Vertical
8.3 UAE Accounts Payable Automation Market
8.3.1 UAE Accounts Payable Automation Market by Component
8.3.2 UAE Accounts Payable Automation Market by Deployment Mode
8.3.3 UAE Accounts Payable Automation Market by Organization Size
8.3.4 UAE Accounts Payable Automation Market by Vertical
8.4 Saudi Arabia Accounts Payable Automation Market
8.4.1 Saudi Arabia Accounts Payable Automation Market by Component
8.4.2 Saudi Arabia Accounts Payable Automation Market by Deployment Mode
8.4.3 Saudi Arabia Accounts Payable Automation Market by Organization Size
8.4.4 Saudi Arabia Accounts Payable Automation Market by Vertical
8.5 South Africa Accounts Payable Automation Market
8.5.1 South Africa Accounts Payable Automation Market by Component
8.5.2 South Africa Accounts Payable Automation Market by Deployment Mode
8.5.3 South Africa Accounts Payable Automation Market by Organization Size
8.5.4 South Africa Accounts Payable Automation Market by Vertical
8.6 Nigeria Accounts Payable Automation Market
8.6.1 Nigeria Accounts Payable Automation Market by Component
8.6.2 Nigeria Accounts Payable Automation Market by Deployment Mode
8.6.3 Nigeria Accounts Payable Automation Market by Organization Size
8.6.4 Nigeria Accounts Payable Automation Market by Vertical
8.7 Rest of LAMEA Accounts Payable Automation Market
8.7.1 Rest of LAMEA Accounts Payable Automation Market by Component
8.7.2 Rest of LAMEA Accounts Payable Automation Market by Deployment Mode
8.7.3 Rest of LAMEA Accounts Payable Automation Market by Organization Size
8.7.4 Rest of LAMEA Accounts Payable Automation Market by Vertical
Chapter 9. Company Profiles
9.1 SAP SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Fidelity National Information Services, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.3 The Sage Group plc
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.4 Comarch SA
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.5 Tipalti, Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Product Launches and Product Expansions:
9.5.2.3 Acquisition and Mergers:
9.6 Bottomline Technologies, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Product Launches and Product Expansions:
9.6.2.2 Acquisition and Mergers:
9.7 AvidXchange Holdings, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.8 Procurify Technologies, Inc.
9.8.1 Company Overview
9.9 FinancialForce.com, Inc.
9.9.1 Company Overview
9.10. Zycus, Inc.
9.10.1 Company Overview
TABLE 1 LAMEA Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Accounts Payable Automation Market
TABLE 4 Product Launches And Product Expansions– Accounts Payable Automation Market
TABLE 5 Acquisition and Mergers– Accounts Payable Automation Market
TABLE 6 LAMEA Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 7 LAMEA Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 8 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 13 LAMEA Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 14 LAMEA On-Premise Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA On-Premise Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 19 LAMEA Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 20 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 25 LAMEA Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 26 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Healthcare & Lifesciences Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Healthcare & Lifesciences Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA Consumer Goods & Retail Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA Consumer Goods & Retail Market by Country, 2022 - 2028, USD Million
TABLE 38 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA Accounts Payable Automation Market by Country, 2018 - 2021, USD Million
TABLE 41 LAMEA Accounts Payable Automation Market by Country, 2022 - 2028, USD Million
TABLE 42 Brazil Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 43 Brazil Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 44 Brazil Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 45 Brazil Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 46 Brazil Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 47 Brazil Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 48 Brazil Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 49 Brazil Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 50 Brazil Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 51 Brazil Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 52 Argentina Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 53 Argentina Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 54 Argentina Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 55 Argentina Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 56 Argentina Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 57 Argentina Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 58 Argentina Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 59 Argentina Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 60 Argentina Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 61 Argentina Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 62 UAE Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 63 UAE Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 64 UAE Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 65 UAE Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 66 UAE Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 67 UAE Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 68 UAE Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 69 UAE Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 70 UAE Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 71 UAE Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 72 Saudi Arabia Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 73 Saudi Arabia Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 74 Saudi Arabia Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 75 Saudi Arabia Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 76 Saudi Arabia Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 77 Saudi Arabia Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 78 Saudi Arabia Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 79 Saudi Arabia Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 80 Saudi Arabia Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 81 Saudi Arabia Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 82 South Africa Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 83 South Africa Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 84 South Africa Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 85 South Africa Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 86 South Africa Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 87 South Africa Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 88 South Africa Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 89 South Africa Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 90 South Africa Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 91 South Africa Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 92 Nigeria Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 93 Nigeria Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 94 Nigeria Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 95 Nigeria Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 96 Nigeria Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 97 Nigeria Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 98 Nigeria Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 99 Nigeria Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 100 Nigeria Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 101 Nigeria Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 102 Rest of LAMEA Accounts Payable Automation Market, 2018 - 2021, USD Million
TABLE 103 Rest of LAMEA Accounts Payable Automation Market, 2022 - 2028, USD Million
TABLE 104 Rest of LAMEA Accounts Payable Automation Market by Component, 2018 - 2021, USD Million
TABLE 105 Rest of LAMEA Accounts Payable Automation Market by Component, 2022 - 2028, USD Million
TABLE 106 Rest of LAMEA Accounts Payable Automation Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 107 Rest of LAMEA Accounts Payable Automation Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 108 Rest of LAMEA Accounts Payable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 109 Rest of LAMEA Accounts Payable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 110 Rest of LAMEA Accounts Payable Automation Market by Vertical, 2018 - 2021, USD Million
TABLE 111 Rest of LAMEA Accounts Payable Automation Market by Vertical, 2022 - 2028, USD Million
TABLE 112 Key Information – SAP SE
TABLE 113 Key Information – Fidelity National Information Services, Inc.
TABLE 114 Key Information – The Sage Group plc
TABLE 115 key Information – Comarch SA
TABLE 116 Key Information – Tipalti, Inc.
TABLE 117 Key Information – Bottomline Technologies, Inc.
TABLE 118 Key Information – AvidXchange Holdings, Inc.
TABLE 119 Key Information – Procurify Technologies, Inc.
TABLE 120 Key Information – FinancialForce.com, Inc.
TABLE 121 Key Information – Zycus, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: SAP SE
FIG 5 Recent strategies and developments: Fidelity National Information Services, Inc.
FIG 6 Recent strategies and developments: Tipalti, Inc.
FIG 7 Recent strategies and developments: Bottomline Technologies, Inc.