Growth Projections for AP/AR Automation Market: Journey from $2.4 Billion to $3.95 Billion by 2029

-

What Has Been the Historical Growth and What Are the Future Projections for the AP/AR Automation Market?

The AP/AR automation market size has shown robust growth in recent years, growing from $2.4 billion in 2024 to $2.61 billion in 2025, at a compound annual growth rate (CAGR) of 8.6%. This growth can be attributed to the desire to overcome inefficiencies in paper-based processes, complexities of invoice processing, goals for cost reduction, growing transaction volumes, the need for real-time visibility, and rising vendor and customer expectations. Also, data security concerns have contributed to the uptake of AP/AR automation.

The AP/AR automation market size is projected to see rapid growth in coming years, forecasted to reach $3.95 billion in 2029 at a CAGR of 11.0%. Advanced analytics for financial insights, mobile accessibility, enhanced user experience, integration with payment gateways, continuous compliance management, and improved accuracy in financial reporting are factors expected to drive the growth during this period. Major upcoming trends include end-to-end process automation, integration with ERP systems, advanced data extraction techniques, supplier collaboration portals, focus on fraud prevention, predictive analytics for cash flow optimization, automated payment processing, and real-time reporting and dashboards.

Get Your Free Sample of The Global AP/AR Automation Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7887&type=smp


What Are Driving Forces Behind the Growth of the AP/AR Automation Market?

The AP/AR automation market is poised to see significant growth driven by the increasing demand for automated and secured payable processes. Automated and secured payable processes reduce human involvement and eliminate risky tasks from the trade payables or accounts payable process. Automation minimizes data entry requirements, speeds up processes such as payments and invoice matching, and cuts down on costs including document storage and postage. According to a report from the Institute of Financial Operations & Leadership (IFOL), 9% of accounts payable (AP) departments were fully automated as of February 2023. This figure is expected to rise significantly, with two-thirds of finance professionals expecting their AP departments to be fully automated by 2025.

What Are the Main Segments in the AP/AR Automation Market?
The AP/AR automation market covered in this report is segmented –
1) By Component: Invoice Management, Electronic Purchase Order, E-Invoicing, Approval And Workflow, ERP Integration, Electronic Payment, Analysis And Reporting, Services
2) By Organization Type: Large, Small And Medium Enterprises (SMEs)
3) By End User: Banking, Financial Services And insurance (BFSI), Manufacturing, Energy And Utilities, Construction, Food And Beverages, Consumer Goods And Retail, IT Ad Telecom, Healthcare, Other End Users

Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/ap-ar-automation-global-market-report

What Are the Dominant Companies in the AP/AR Automation Market?
Notable companies in the AP/AR automation market include AvidXchange Holdings Inc., Bill.com Holdings Inc., Bottomline Technologies Inc., Coupa Software Inc., FinancialForce Inc., 2ndSite Inc., Nvoicepay Inc., The Sage Group PLC, Oracle Corporation, SAP SE, Kofax Inc., YayPay Inc., SK Global Software LLC, Comarch SA, Paysimple Private Limited, Armatic Technologies Inc., Fidelity National Information Services Inc., Tipalti Inc., Zycus Inc., Esker Inc., HighRadius Corporation, Yooz Inc., MineralTree Inc., Versapay Corporation, Anybill Inc., Beanworks Solutions Inc., Corcentric LLC, Dooap Inc., Goby Inc., Medius AB, Stampli Inc., Tradeshift Inc., Workday Inc., Xero Limited, Zervant Oyj, and BlackLine Inc.

What Are the Major Trends in the AP/AR Automation Market?
Technological advancements play a crucial role in shaping the AP/AR automation market. Companies in the AP/AR market are innovating and investing in highly advanced and technological products to maintain a competitive edge. For instance, Financial Software & Systems (FSS), a global payment systems company based in India, launched Blaze in August 2023. Blaze is a revolutionary payments technology platform designed to cater to the requirements of financial organizations and banks, offering their clients unique and cutting-edge payment experiences.

Which Region Was the Largest In The AP/AR Automation Market?
Asia-Pacific was the largest region in the AP/AR automation market in 2024. The regions covered in the AP/AR automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does The AP/AR Automation Market Report 2025 Offer?
AP/AR automation refers to a method for minimizing human involvement and eliminating risky tasks from the trade payables or accounts payables process by utilizing accounts payable software connected with a digital trading partner network. The AP/AR Automation Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7887


About The Business Research Company
Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Comments

Post a Comment

Popular posts from this blog

Cloud Services Market Evolution 2025-2034: Industry Growth Projections & Market Size Insights

-
 The Business Research Company's report on the Cloud Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. How are market drivers shaping the future growth trajectory of the cloud services industry? The growing adoption of online gaming is expected to propel the growth of the cloud services market going forward. Online gaming refers to video games that are played over the internet or any other computer network available. Cloud services are used in online gaming to provide platform-independent gaming, accessibility, scalability, cost-effectiveness, convenience, and an improved gaming experience. For instance, in March 2023, according to a blog shared by CyberCrew UK, a UK-based online audio and video media company, the number of gamers in the UK had grown by 63% since the 2021 lockdown. Consumers who play video games spent $5.2 billion on them in 2020. I...
Read more

Emerging Template Market Growth Trends: How Fertility Services is Reshaping Market Size & Industry Expansion

-
 The Business Research Company's report on the Fertility Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. How have key drivers contributed to the rapid growth of the fertility services market? Growing infertility rates are anticipated to boost the demand for fertility services during the forecast period. Various social and environment-related factors such as lifestyle changes including obesity, stress or depression, and high consumption of alcohol contribute to a surge in infertility rates, thereby generating a high requirement for fertility services. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based international public health organization, millions of people in the world who are of reproductive age are going to struggle with infertility, which might influence their families and communities. Worldwi...
Read more

Digital Payments Market Evolution 2025-2034: Industry Growth Projections & Market Size Insights

-
 The Business Research Company's report on the Digital Payments Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. How are market drivers shaping the future growth trajectory of the digital payments industry? Quick onboarding and ease of use are expected to drive the digital payment market. Individuals require flexibility, transparency, and friction-free onboarding. They are more attracted to methods that are frictionless, and as a result, software innovators such as Square and PayPal are using automation to decrease the onboarding time to a few minutes. Digital payments are very easy to use compared to conventional methods, as they only require a bank account or phone number and a smartphone with an internet facility. For instance, according to new data compiled by Taiwan's government, out of a population of about 23 million, nearly 10 million are mobile...
Read more