The Accounts Receivable Automation Market size is estimated at USD 3.04 billion in 2024, and is expected to reach USD 5.32 billion by 2029, growing at a CAGR of 11.84% during the forecast period (2024-2029).
The accounts receivable automation process is becoming more necessary because it helps businesses to save money and time and improve efficiency.
The market's competitive landscape is moderately fragmented due to the presence of significant market players globally. Acquisitions, partnerships with industry participants, and new product/service rollouts have been the key competitive strategies exhibited by vendors in the market. Such developments are expected to increase in respective end-user verticals as prominent industry players expand their market presence.
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