Global Accounts Payable Automation Market Size Study, by Component (Solution and Services), by Organization Size, by Deployment Type, by Vertical (Consumer Goods and Retail, BFSI, IT and Telecom, and Manufacturing) and Regional Forecasts 2022-2032

Description

The Global Accounts Payable Automation Market was valued at approximately USD 2.79 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% over the forecast period from 2024 to 2032. This rapid market expansion is driven by increasing digitization in financial operations, the growing need to optimize payment processes, and the rising adoption of artificial intelligence and machine learning in financial workflows. As enterprises seek enhanced operational efficiency and reduced processing costs, accounts payable (AP) automation solutions are becoming an indispensable asset in modern financial ecosystems.

Technological advancements are revolutionizing the accounts payable landscape, with cloud-based AP automation solutions taking center stage. These solutions empower businesses to streamline invoice processing, improve accuracy, and eliminate manual intervention, ultimately reducing human errors and processing times. Furthermore, the growing emphasis on real-time analytics and compliance with evolving financial regulations has fueled investments in AP automation tools. Enterprises are increasingly integrating AI-powered AP solutions to facilitate predictive analytics, fraud detection, and dynamic discounting, strengthening their financial control mechanisms.

The market is experiencing a paradigm shift as businesses across various industries, including BFSI, manufacturing, retail, and telecom, prioritize cost-efficient payment processing systems. The deployment of robotic process automation (RPA) in accounts payable operations is further enhancing productivity by automating repetitive tasks such as invoice matching, validation, and approvals. Additionally, strategic collaborations between financial technology providers and enterprises are accelerating the adoption of AP automation solutions. Notably, large-scale enterprises are embracing AP automation to reduce late payment penalties and optimize working capital management.

Regionally, North America leads the accounts payable automation market, owing to the strong presence of key market players and the early adoption of financial automation technologies. The region is experiencing heightened demand for cloud-based AP solutions, particularly among large enterprises and financial institutions seeking compliance with stringent regulatory requirements. Meanwhile, Europe follows closely, driven by increasing digital transformation initiatives and government-backed efforts to enhance business automation. In contrast, Asia Pacific is projected to witness the fastest growth over the forecast period, as enterprises across emerging economies such as China, India, and Japan embrace automated financial solutions to boost operational efficiency and meet evolving business demands.

Major market players included in this report are:

SAP SE
Oracle Corporation
The Sage Group plc
Coupa Software Inc.
Tipalti Inc.
Basware Corporation
AvidXchange Inc.
Bill.com Holdings Inc.
Zoho Corporation
Comarch SA
Esker SA
MineralTree Inc.
Bottomline Technologies Inc.
Quadient SA
Yooz Inc.

The detailed segments and sub-segment of the market are explained below:

By Component

Solution
Services

By Organization Size

Small and Medium Enterprises (SMEs)
Large Enterprises

By Deployment Type

On-Premise
Cloud-Based

By Vertical

Consumer Goods and Retail
BFSI
IT and Telecom
Manufacturing

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market estimates & forecasts spanning 10 years from 2022 to 2032.
Annualized revenue analysis at regional and segment levels.
Detailed geographical landscape assessment with country-specific breakdowns.
Comprehensive competitive landscape with insights into major players.
Strategic business recommendations for future market positioning.
In-depth analysis of competitive structures within the market.
Demand-side and supply-side analysis to understand market dynamics.

Chapter 1. Global Accounts Payable Automation Market Executive Summary

1.1. Global Accounts Payable Automation Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Organization Size
- 1.3.3. By Deployment Type
- 1.3.4. By Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Accounts Payable Automation Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Accounts Payable Automation Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Cloud-Based AP Solutions
- 3.1.2. Increasing Adoption of AI and Automation in Finance
- 3.1.3. Enhanced Operational Efficiency and Cost Reduction
3.2. Market Challenges
- 3.2.1. Integration Issues with Legacy Systems
- 3.2.2. Data Security and Compliance Concerns
- 3.2.3. High Initial Implementation Costs
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Economies
- 3.3.2. Advancements in Robotic Process Automation (RPA)
- 3.3.3. Strategic Collaborations and Partnerships

Chapter 4. Global Accounts Payable Automation Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Accounts Payable Automation Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Accounts Payable Automation Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Solution
- 5.2.2. Services

Chapter 6. Global Accounts Payable Automation Market Size & Forecasts by Organization Size 2022-2032

6.1. Segment Dashboard
6.2. Global Accounts Payable Automation Market: Organization Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Small and Medium Enterprises (SMEs)
- 6.2.2. Large Enterprises

Chapter 7. Global Accounts Payable Automation Market Size & Forecasts by Deployment Type 2022-2032

7.1. Segment Dashboard
7.2. Global Accounts Payable Automation Market: Deployment Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. On-Premise
- 7.2.2. Cloud-Based

Chapter 8. Global Accounts Payable Automation Market Size & Forecasts by Vertical 2022-2032

8.1. Segment Dashboard
8.2. Global Accounts Payable Automation Market: Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Consumer Goods and Retail
- 8.2.2. BFSI
- 8.2.3. IT and Telecom
- 8.2.4. Manufacturing

Chapter 9. Global Accounts Payable Automation Market Size & Forecasts by Region 2022-2032

9.1. North America Accounts Payable Automation Market
- 9.1.1. U.S. Accounts Payable Automation Market
  - 9.1.1.1. Component Breakdown Revenue Trend Analysis, 2022-2032
  - 9.1.1.2. Organization Size Breakdown Revenue Trend Analysis, 2022-2032
- 9.1.2. Canada Accounts Payable Automation Market
9.2. Europe Accounts Payable Automation Market
- 9.2.1. U.K. Accounts Payable Automation Market
- 9.2.2. Germany Accounts Payable Automation Market
- 9.2.3. France Accounts Payable Automation Market
- 9.2.4. Spain Accounts Payable Automation Market
- 9.2.5. Italy Accounts Payable Automation Market
- 9.2.6. Rest of Europe Accounts Payable Automation Market
9.3. Asia-Pacific Accounts Payable Automation Market
- 9.3.1. China Accounts Payable Automation Market
- 9.3.2. India Accounts Payable Automation Market
- 9.3.3. Japan Accounts Payable Automation Market
- 9.3.4. Australia Accounts Payable Automation Market
- 9.3.5. South Korea Accounts Payable Automation Market
- 9.3.6. Rest of Asia-Pacific Accounts Payable Automation Market
9.4. Latin America Accounts Payable Automation Market
- 9.4.1. Brazil Accounts Payable Automation Market
- 9.4.2. Mexico Accounts Payable Automation Market
- 9.4.3. Rest of Latin America Accounts Payable Automation Market
9.5. Middle East & Africa Accounts Payable Automation Market
- 9.5.1. Saudi Arabia Accounts Payable Automation Market
- 9.5.2. South Africa Accounts Payable Automation Market
- 9.5.3. Rest of Middle East & Africa Accounts Payable Automation Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. SAP SE
- 10.1.2. Oracle Corporation
- 10.1.3. The Sage Group plc
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. SAP SE
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Oracle Corporation
- 10.3.3. The Sage Group plc
- 10.3.4. Coupa Software Inc.
- 10.3.5. Tipalti Inc.
- 10.3.6. Basware Corporation
- 10.3.7. AvidXchange Inc.
- 10.3.8. Bill.com Holdings Inc.
- 10.3.9. Zoho Corporation
- 10.3.10. Comarch SA
- 10.3.11. Esker SA
- 10.3.12. MineralTree Inc.
- 10.3.13. Bottomline Technologies Inc.
- 10.3.14. Quadient SA
- 10.3.15. Yooz Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes