24/7 Customer Support

Asia Pacific AP/AR Automation Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Asia Pacific AP/AR Automation Market: By Component (Solution and Services); Deployment (Cloud/SaaS/Web based and On Premises); Organization Type (Large and SMEs); End User (BFSI, Manufacturing, Energy and Utilities, Construction, Food and Beverages, Consumer goods and retail, IT and Telecom, Healthcare and Others); and Country - Industry Dynamics, Market Size and Opportunity Forecast for 2023-2030

  • Published Date: 17-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0223367  | Delivery: 2 to 4 Hours

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 3,930.5 Million
Expected Revenue in 2030US$ 9,214.9 Million
Historic Data2017-2021
Base Year2022
Forecast Period2023-2030
UnitValue (USD Mn)
CAGR12.2% (2023-2030)
Segments coveredBy Component, By Deployment, By Organization, By End-User, By Country
Key Companies                                                                                 Sage, Oracle, SAP, HighRadius, Bottomline Technologies, Nvoicepay, Kofax Inc, FinancialForce, Bill.Com, Coupa Software, YayPay Inc., Avidxchange, SK Global Software, Tradeshift, Other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

AP/AR Automations is a way of automating repetitive and time-consuming tasks for the accounts payable and accounts receivable team, and it helps businesses to capitalize on the document and cash flow management.

Cash flow and vendor relationships are increased by using AP/AR automation and it helps to reduce invoice processing time, ensure accuracy and control, and provides real-time visibility of each invoice in the payment cycle.

The Asia Pacific AP/AR automation market is studied from 2017-2030. 

The different segmentations of the Asia Pacific AP/AR automation market are component, deployment, organization type and end user.  

Use of technologies such as artificial intelligence and AP robots provides a lucrative growth trend in the Asia Pacific AP/AR automation market.

China held the major share in terms of revenue, in the Asia Pacific AP/AR automation market in 2022. 

Factors such as increasing demand for better payment cycle management and issues with manual account payable options are driving the Asia Pacific AP/AR automation market.

Lack of budget in SMEs to adopt AP/AR automation is a restraining factor which inhibits the growth of the market.

The solution segment is anticipated to grow at the highest CAGR during the forecast period. 

In terms of end users, the market is segmented into BFSI, manufacturing, energy and utilities, construction, food and beverages, consumer goods and retail, IT and telecom, healthcare and others.

The key players operating in the market include Sage, Oracle, SAP, HighRadius, Bottomline Technologies, Nvoicepay, Kofax Inc, FinancialForce, Bill.Com, Coupa Software, YayPay Inc., Avidxchange, SK Global Software and Tradeshift among others.

LOOKING FOR COMPREHENSIVE MARKET KNOWLEDGE? ENGAGE OUR EXPERT SPECIALISTS.

SPEAK TO AN ANALYST