Report overview
Accounts Payable / Accounts Receivable (AP/AR) automation software is designed to speed the processing of invoices and reduce or eliminate the errors inherent in a paper AP/AR process. For this AP/AR software will include invoice processing and receipt capture features, as well as tracking and compliance features. They will most often integrate with more comprehensive Accounting and ERP platforms. Sometimes they are billed strictly as an add-on to these broader platforms. Some strictly AP/AR software may be adequate for the needs of very small businesses, though generally they are meant to be integrated into a more comprehensive accounting solution.
This report contains market size and forecasts of Accounts Payable / Accounts Receivable Software in Global, including the following market information:
Global Accounts Payable / Accounts Receivable Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Accounts Payable / Accounts Receivable Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Accounts Payable / Accounts Receivable Software include Visor Limited, Anybill, AvidXchange, Basware, Beanworks, Newgen, Blinksale, Concur Invoice and Orienge, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Accounts Payable / Accounts Receivable Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Accounts Payable / Accounts Receivable Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Accounts Payable / Accounts Receivable Software Market Segment Percentages, by Type, 2021 (%)
Cloud-Based
On-Premise
SaaS
Global Accounts Payable / Accounts Receivable Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Accounts Payable / Accounts Receivable Software Market Segment Percentages, by Application, 2021 (%)
SME (Small and Medium Enterprises)
Large Enterprise
Global Accounts Payable / Accounts Receivable Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Accounts Payable / Accounts Receivable Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Accounts Payable / Accounts Receivable Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Accounts Payable / Accounts Receivable Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Visor Limited
Anybill
AvidXchange
Basware
Beanworks
Newgen
Blinksale
Concur Invoice
Orienge
Doxo
Taulia
FreshBooks
Gimmal
MineralTree
MIP
Nvoicepay
PaySimple
AccountEdge
Sage Intacct
TermSync
Tipalti
ZipBooks
