The North America Accounts Receivable Automation Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
Accounts receivable automation aids in the timely delivery of invoices to clients and customers, minimizing the time it takes to send invoices and receive payments. The account receivable automation generates e-invoices that consumers may access and pay for directly by clicking on a link. This cuts down on payment processing time and saves time while auditing accounts. It also aids businesses in speeding up invoicing and managing transactions for a better client experience, giving them a competitive edge.
Traditional approaches, which are frequently time-consuming and difficult, are preferred by many firms. Enterprises are cautious to invest in the adoption of accounts receivable automation systems for a variety of reasons, including data security concerns, financial limits, and opposition to changing well-established old accounts receivable processes.
The regional countries' healthcare sectors are well-established, and new technologies are expected to be introduced in the coming years. The National Health Expenditure Accounts are the official estimates of entire healthcare spending in the United States, according to the Centers for Medicare & Medicaid Services. The NHEA, which was established in 1960, keeps track of annual spending on healthcare services and goods, public health activities, government administration, the net cost of health insurance, as well as healthcare investment in the United States.
The US market dominated the North America Accounts Receivable Automation Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,691.6 million by 2028. The Canada market would showcase a CAGR of 15.1% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 14.1% during (2022 - 2028).
Based on Vertical, the market is segmented into BFSI, Energy & Utilities, Manufacturing, Telecom & IT, Retail & Consumer Goods, Healthcare & Life Sciences, and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Accounts Receivable Automation Market is Predict to reach $6.5 Billion by 2028, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, Comarch S.A., Zoho Corporation Pvt. Ltd., Workday, Inc., The Sage Group PLC, BlackLine, Inc., HighRadius Corporation, Esker, S.A., Bottomline Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Vertical
- BFSI
- Energy & Utilities
- Manufacturing
- Telecom & IT
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Others
By Deployment Type
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- SAP SE
- Comarch S.A.
- Zoho Corporation Pvt. Ltd.
- Workday, Inc.
- The Sage Group PLC
- BlackLine, Inc.
- HighRadius Corporation
- Esker, S.A.
- Bottomline Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Accounts Receivable Automation Market, by Component
1.4.2 North America Accounts Receivable Automation Market, by Vertical
1.4.3 North America Accounts Receivable Automation Market, by Deployment Type
1.4.4 North America Accounts Receivable Automation Market, by Organization Size
1.4.5 North America Accounts Receivable 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 and 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)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2019, Dec – 2022, Jan) Leading Players
Chapter 4. North America Accounts Receivable Automation Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
4.3 North America Accounts Receivable Automation Market by Services Type
4.3.1 North America Professional Market by Country
4.3.2 North America Managed Market by Country
Chapter 5. North America Accounts Receivable Automation Market by End-User
5.1 North America BFSI Market by Country
5.2 North America Energy & Utilities Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America Telecom & IT Market by Country
5.5 North America Retail & Consumer Goods Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Other End-User Market by Country
Chapter 6. North America Accounts Receivable Automation Market by Deployment Type
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Accounts Receivable Automation Market by Organization Size
7.1 North America Large Enterprises Market by Country
7.2 North America Small & Medium Enterprises Market by Country
Chapter 8. North America Accounts Receivable Automation Market by Country
8.1 US Accounts Receivable Automation Market
8.1.1 US Accounts Receivable Automation Market by Component
8.1.1.1 US Accounts Receivable Automation Market by Services Type
8.1.2 US Accounts Receivable Automation Market by End-User
8.1.3 US Accounts Receivable Automation Market by Deployment Type
8.1.4 US Accounts Receivable Automation Market by Organization Size
8.2 Canada Accounts Receivable Automation Market
8.2.1 Canada Accounts Receivable Automation Market by Component
8.2.1.1 Canada Accounts Receivable Automation Market by Services Type
8.2.2 Canada Accounts Receivable Automation Market by End-User
8.2.3 Canada Accounts Receivable Automation Market by Deployment Type
8.2.4 Canada Accounts Receivable Automation Market by Organization Size
8.3 Mexico Accounts Receivable Automation Market
8.3.1 Mexico Accounts Receivable Automation Market by Component
8.3.1.1 Mexico Accounts Receivable Automation Market by Services Type
8.3.2 Mexico Accounts Receivable Automation Market by End-User
8.3.3 Mexico Accounts Receivable Automation Market by Deployment Type
8.3.4 Mexico Accounts Receivable Automation Market by Organization Size
8.4 Rest of North America Accounts Receivable Automation Market
8.4.1 Rest of North America Accounts Receivable Automation Market by Component
8.4.1.1 Rest of North America Accounts Receivable Automation Market by Services Type
8.4.2 Rest of North America Accounts Receivable Automation Market by End-User
8.4.3 Rest of North America Accounts Receivable Automation Market by Deployment Type
8.4.4 Rest of North America Accounts Receivable Automation Market by Organization Size
Chapter 9. Company Profiles
9.1 Oracle Corporation
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 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 SAP SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Comarch S.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.4 Zoho Corporation Pvt. Ltd.
9.4.1 Company Overview
9.5 Workday, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Acquisition and Mergers:
9.6 The Sage Group plc
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.7 BlackLine, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.8 HighRadius Corporation
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Product Launches and Product Expansions:
9.9 Esker, S.A.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.5.3 Acquisition and Mergers:
9.10. Bottomline Technologies, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.2.2 Acquisition and Mergers:
TABLE 1 North America Accounts Receivable Automation Market, 2018 - 2021, USD Million
TABLE 2 North America Accounts Receivable Automation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Accounts Receivable Automation Market
TABLE 4 Product Launches And Product Expansions – Accounts Receivable Automation Market
TABLE 5 Acquisition and Mergers – Accounts Receivable Automation Market
TABLE 6 North America Accounts Receivable Automation Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Accounts Receivable Automation Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Accounts Receivable Automation Market by Services Type, 2018 - 2021, USD Million
TABLE 13 North America Accounts Receivable Automation Market by Services Type, 2022 - 2028, USD Million
TABLE 14 North America Professional Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Professional Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Managed Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Managed Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Accounts Receivable Automation Market by End-User, 2018 - 2021, USD Million
TABLE 19 North America Accounts Receivable Automation Market by End-User, 2022 - 2028, USD Million
TABLE 20 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 21 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Retail & Consumer Goods Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Retail & Consumer Goods Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Other End-User Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Other End-User Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Accounts Receivable Automation Market by Deployment Type, 2018 - 2021, USD Million
TABLE 35 North America Accounts Receivable Automation Market by Deployment Type, 2022 - 2028, USD Million
TABLE 36 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 37 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Accounts Receivable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 41 North America Accounts Receivable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 42 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Accounts Receivable Automation Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Accounts Receivable Automation Market by Country, 2022 - 2028, USD Million
TABLE 48 US Accounts Receivable Automation Market, 2018 - 2021, USD Million
TABLE 49 US Accounts Receivable Automation Market, 2022 - 2028, USD Million
TABLE 50 US Accounts Receivable Automation Market by Component, 2018 - 2021, USD Million
TABLE 51 US Accounts Receivable Automation Market by Component, 2022 - 2028, USD Million
TABLE 52 US Accounts Receivable Automation Market by Services Type, 2018 - 2021, USD Million
TABLE 53 US Accounts Receivable Automation Market by Services Type, 2022 - 2028, USD Million
TABLE 54 US Accounts Receivable Automation Market by End-User, 2018 - 2021, USD Million
TABLE 55 US Accounts Receivable Automation Market by End-User, 2022 - 2028, USD Million
TABLE 56 US Accounts Receivable Automation Market by Deployment Type, 2018 - 2021, USD Million
TABLE 57 US Accounts Receivable Automation Market by Deployment Type, 2022 - 2028, USD Million
TABLE 58 US Accounts Receivable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 59 US Accounts Receivable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 60 Canada Accounts Receivable Automation Market, 2018 - 2021, USD Million
TABLE 61 Canada Accounts Receivable Automation Market, 2022 - 2028, USD Million
TABLE 62 Canada Accounts Receivable Automation Market by Component, 2018 - 2021, USD Million
TABLE 63 Canada Accounts Receivable Automation Market by Component, 2022 - 2028, USD Million
TABLE 64 Canada Accounts Receivable Automation Market by Services Type, 2018 - 2021, USD Million
TABLE 65 Canada Accounts Receivable Automation Market by Services Type, 2022 - 2028, USD Million
TABLE 66 Canada Accounts Receivable Automation Market by End-User, 2018 - 2021, USD Million
TABLE 67 Canada Accounts Receivable Automation Market by End-User, 2022 - 2028, USD Million
TABLE 68 Canada Accounts Receivable Automation Market by Deployment Type, 2018 - 2021, USD Million
TABLE 69 Canada Accounts Receivable Automation Market by Deployment Type, 2022 - 2028, USD Million
TABLE 70 Canada Accounts Receivable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 71 Canada Accounts Receivable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 72 Mexico Accounts Receivable Automation Market, 2018 - 2021, USD Million
TABLE 73 Mexico Accounts Receivable Automation Market, 2022 - 2028, USD Million
TABLE 74 Mexico Accounts Receivable Automation Market by Component, 2018 - 2021, USD Million
TABLE 75 Mexico Accounts Receivable Automation Market by Component, 2022 - 2028, USD Million
TABLE 76 Mexico Accounts Receivable Automation Market by Services Type, 2018 - 2021, USD Million
TABLE 77 Mexico Accounts Receivable Automation Market by Services Type, 2022 - 2028, USD Million
TABLE 78 Mexico Accounts Receivable Automation Market by End-User, 2018 - 2021, USD Million
TABLE 79 Mexico Accounts Receivable Automation Market by End-User, 2022 - 2028, USD Million
TABLE 80 Mexico Accounts Receivable Automation Market by Deployment Type, 2018 - 2021, USD Million
TABLE 81 Mexico Accounts Receivable Automation Market by Deployment Type, 2022 - 2028, USD Million
TABLE 82 Mexico Accounts Receivable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 83 Mexico Accounts Receivable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 84 Rest of North America Accounts Receivable Automation Market, 2018 - 2021, USD Million
TABLE 85 Rest of North America Accounts Receivable Automation Market, 2022 - 2028, USD Million
TABLE 86 Rest of North America Accounts Receivable Automation Market by Component, 2018 - 2021, USD Million
TABLE 87 Rest of North America Accounts Receivable Automation Market by Component, 2022 - 2028, USD Million
TABLE 88 Rest of North America Accounts Receivable Automation Market by Services Type, 2018 - 2021, USD Million
TABLE 89 Rest of North America Accounts Receivable Automation Market by Services Type, 2022 - 2028, USD Million
TABLE 90 Rest of North America Accounts Receivable Automation Market by End-User, 2018 - 2021, USD Million
TABLE 91 Rest of North America Accounts Receivable Automation Market by End-User, 2022 - 2028, USD Million
TABLE 92 Rest of North America Accounts Receivable Automation Market by Deployment Type, 2018 - 2021, USD Million
TABLE 93 Rest of North America Accounts Receivable Automation Market by Deployment Type, 2022 - 2028, USD Million
TABLE 94 Rest of North America Accounts Receivable Automation Market by Organization Size, 2018 - 2021, USD Million
TABLE 95 Rest of North America Accounts Receivable Automation Market by Organization Size, 2022 - 2028, USD Million
TABLE 96 Key Information – Oracle Corporation
TABLE 97 Key Information – SAP SE
TABLE 98 key Information – Comarch S.A.
TABLE 99 Key Information – Zoho Corporation Pvt. Ltd.
TABLE 100 Key Information – Workday, Inc.
TABLE 101 Key Information – The Sage Group plc
TABLE 102 Key Information – BlackLine, Inc.
TABLE 103 Key Information – HighRadius Corporation
TABLE 104 Key Information – Esker, S.A.
TABLE 105 Key Information – Bottomline Technologies, 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 Key Strategic Move: (Acquisitions and Mergers: 2019, Dec – 2022, Jan) Leading Players
FIG 5 SWOT analysis: Oracle Corporation
FIG 6 SWOT Analysis: SAP SE
FIG 7 Recent strategies and developments: BlackLine, Inc.
FIG 8 Recent strategies and developments: HighRadius Corporation
FIG 9 Recent strategies and developments: Esker, S.A.
FIG 10 Recent strategies and developments: Bottomline Technologies, Inc.