North America Accounts Receivable Automation Market Size, Share & Industry Trends Analysis Report By Vertical, By Deployment Type (On-premise and Cloud), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Country and Growth Forecast, 2022 – 2028
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.
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
- Solution
- Services
- Professional
- Managed
- BFSI
- Energy & Utilities
- Manufacturing
- Telecom & IT
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Others
- On-premise
- Cloud
- Large Enterprises
- Small & Medium Enterprises
- US
- Canada
- Mexico
- Rest of North America
- 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.
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- 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:
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