Market Overview:
The global AR automation software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for cloud-based AR automation software and the growing adoption of AR automation software by educational institutions and personal users. North America is expected to lead the global AR automation software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Accounts receivable automation software is a computer program that helps businesses manage and track their accounts receivable.
The importance of accounts receivable automation software lies in its ability to help businesses manage their accounts receivable more effectively. By tracking payments, generating invoices, and recording account information, businesses can keep better track of what customers owe them and when payments are due. This can help reduce the amount of time spent managing accounts receivables and improve cash flow by ensuring that bills are paid on time.
Cloud Based:
Cloud based software is a collection of on-demand services and applications that provide shared pooling of computing resources to multiple users. It is an online service that provides virtualized access to shared pool data, programs, and other resources over the internet.
On-premises:
On-premises software is a type of cloud computing software that is installed and used on the end user's own computers or servers. The data can be accessed from remote locations through the internet. This type of software provides several advantages such as easy maintenance, customization, and control over IT infrastructure; however, it has lower scalability than its counterparts (Cloud Based Software).
Application Insights:
The personal account receivable automation software application segment accounted for the largest revenue share in 2017. The growth is attributed to the growing use of this software by small and medium-sized businesses (SMBs) to manage their accounts receivable processes, such as invoice factoring,aging and posting bills, and payment reminders. Furthermore, an increasing number of SMBs are adopting cloud-based AR automation solutions due to the cost-effectiveness and ease of use. For instance, Zendesk offers a free trial for its premium services which enables users to try before they buy.
The educational institution segment is expected register significant growth over the forecast period owing to rising penetration in schools & colleges across countries worldwide including India China Brazil Argentina etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to early adoption of technology and presence of a large number of market players. Asia Pacific is anticipated to be the fastest-growing regional segment over the next eight years due to increasing demand from SMEs and rapidly growing BFSI sector in India, China, Japan, South Korea, Singapore and Australia. In addition, rising penetration of cloud accounting software coupled with improving internet connectivity will drive growth further.
Europe accounted for more than 20% revenue share in 2017 owing to high demand from several industries including healthcare & life sciences; manufacturing; retail & e-commerce; telecoms & IT services among others. Presence of major companies such as Xero Corporation (NZ) Limited.
Growth Factors:
- Increased demand for Accounts Receivable (AR) Automation Software from small and medium-sized businesses (SMBs) due to the benefits it offers such as improved efficiency and reduced costs.
- The growing trend of outsourcing accounting and finance functions to third-party service providers, who in turn are increasingly offering AR automation software as part of their services offerings.
- The increasing use of cloud-based AR automation software, which is more affordable, scalable, and easier to deploy than on-premises solutions.
- The growing popularity of Robotic Process Automation (RPA) among accounts receivable departments as a way to automate manual tasks and speed up the processing of invoices and payments.
- The increasing use of artificial intelligence (AI) in AR automation software to help businesses better understand their customers' spending patterns and identify potential invoice fraud
Scope Of The Report
Report Attributes
Report Details
Report Title
Accounts Receivable (AR) Automation Software Market Research Report
By Type
Cloud Based, On-premises
By Application
Educational Institution, Personal
By Companies
Creatrix Campus, Centrieva, Weave, SPOL, Success, MasterSoft, WizeHive, Anthology, ACADEM, iCloudEMS, Watermark, LiaisonEDU, Tevera
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Accounts Receivable (AR) Automation Software Market Report Segments:
The global Accounts Receivable (AR) Automation Software market is segmented on the basis of:
Types
Cloud Based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Educational Institution, Personal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Creatrix Campus
- Centrieva
- Weave
- SPOL
- Success
- MasterSoft
- WizeHive
- Anthology
- ACADEM
- iCloudEMS
- Watermark
- LiaisonEDU
- Tevera
Highlights of The Accounts Receivable (AR) Automation Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-premises
- By Application:
- Educational Institution
- Personal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Accounts Receivable (AR) Automation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Accounts receivable automation software is a computer program that helps businesses manage their accounts receivable. This software can help businesses track the status of their invoices, identify potential issues early on, and make decisions about how to collect payments from customers.
Some of the key players operating in the accounts receivable (ar) automation software market are Creatrix Campus, Centrieva, Weave, SPOL, Success, MasterSoft, WizeHive, Anthology, ACADEM, iCloudEMS, Watermark, LiaisonEDU, Tevera.
The accounts receivable (ar) automation software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Accounts Receivable (AR) Automation Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Accounts Receivable (AR) Automation Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Accounts Receivable (AR) Automation Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Accounts Receivable (AR) Automation Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Accounts Receivable (AR) Automation Software Market Size & Forecast, 2020-2028 4.5.1 Accounts Receivable (AR) Automation Software Market Size and Y-o-Y Growth 4.5.2 Accounts Receivable (AR) Automation Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Educational Institution
6.2.2 Personal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Accounts Receivable (AR) Automation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Accounts Receivable (AR) Automation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Educational Institution
9.10.2 Personal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Educational Institution
10.10.2 Personal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Educational Institution
11.10.2 Personal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Educational Institution
12.10.2 Personal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Educational Institution
13.10.2 Personal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Accounts Receivable (AR) Automation Software Market: Competitive Dashboard
14.2 Global Accounts Receivable (AR) Automation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Creatrix Campus
14.3.2 Centrieva
14.3.3 Weave
14.3.4 SPOL
14.3.5 Success
14.3.6 MasterSoft
14.3.7 WizeHive
14.3.8 Anthology
14.3.9 ACADEM
14.3.10 iCloudEMS
14.3.11 Watermark
14.3.12 LiaisonEDU
14.3.13 Tevera