Global Accounts Payable Automation Market to 2032

Overview

The Global Accounts Payable Automation Market is expected to reach a 7.51 USD Billion by 2032 and is projected to grow at a CAGR of 13.66% from 2025 to 2032.

Revenue, 2024 (USD Billion)

3.12

Forecast, 2032 (USD Billion)

7.51

CAGR, 2024 - 2032

13.66%

Report Coverage

Global

Global Accounts Payable Automation Market 2018-2032 USD Billion

Global Accounts Payable Automation Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 3.12 USD Billion
Projected Market Size (2032): 7.51 USD Billion
CAGR (2025-2032): 13.66%

Key Findings of Global Accounts Payable Automation Market

The Global Accounts Payable Automation Market was valued at 7.51 USD Billion in 2024.
The Global Accounts Payable Automation Market is likely to grow at a CAGR of 13.66% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Large Enterprise in Organization Size Segment accounted for the largest share of the market with a revenue of 2.08 USD Billion
The fastest growing segment Manufacturing in Vertical Segment grew Fastest with a CAGR of 14.91% during the forecast period from 2024 to 2032.

Global Accounts Payable Automation Market Scope

Global Accounts Payable Automation Market Segmentation & Scope

Deployment Type

On Premise
Cloud

Vertical

Manufacturing
Consumer Goods And Retail
Healthcare
Banking, Financial Services, and Insurance
IT and Telecom
Government
Automotive
Others
Energy and Utilities

Process

Export
Payment Execution
Payment Authorization
Invoice Approval
Invoice Capture

Component

Solutions
Services

Organization Size

Large Enterprise
Small and Medium Enterprise

Global Accounts Payable Automation Market Data Coverage Insights

Study Period	2024-2032
Base Year	2020
Unit	Revenue in USD Billion
Market Value in 2024	3.12 USD Billion
Market Value in 2032	7.51 USD Billion
CAGR (2025-2032)	13.66%
Historic Data	2016-2023
Market Segments Covered	Deployment Type,Vertical,Process,Component,Organization Size

Regional Insights:

Leading Market (2024-2032): Global, leading in terms of revenue 3.12 USD Billion in 2024
- Key Country: Argentina, leading in terms of revenue with value of 42.47 USD Million in 2024.

Segments and Scope

Global Accounts Payable Automation Market to 2032, By Deployment Type
- On Premise is the largest segment in Global Accounts Payable Automation Market to 2032 with a revenue of 1.93 USD Billion in the year 2024.
- Cloud is the Fastest growing segment in Global Accounts Payable Automation Market to 2032 with a Growth rate of 13.08 % in forecast period 2025-2032.
Global Accounts Payable Automation Market to 2032, By Vertical
- Manufacturing is the largest segment in Global Accounts Payable Automation Market to 2032 with a revenue of 715.09 USD Billion in the year 2024.
- Manufacturing is the Fastest growing segment in Global Accounts Payable Automation Market to 2032 with a Growth rate of 14.91 % in forecast period 2025-2032.
Global Accounts Payable Automation Market to 2032, By Process
- Invoice Capture is the largest segment in Global Accounts Payable Automation Market to 2032 with a revenue of 1.16 USD Billion in the year 2024.
- Invoice Capture is the Fastest growing segment in Global Accounts Payable Automation Market to 2032 with a Growth rate of 14.53 % in forecast period 2025-2032.
Global Accounts Payable Automation Market to 2032, By Component
- Solutions is the largest segment in Global Accounts Payable Automation Market to 2032 with a revenue of 2.01 USD Billion in the year 2024.
- Solutions is the Fastest growing segment in Global Accounts Payable Automation Market to 2032 with a Growth rate of 14.28 % in forecast period 2025-2032.
Global Accounts Payable Automation Market to 2032, By Organization Size
- Large Enterprise is the largest segment in Global Accounts Payable Automation Market to 2032 with a revenue of 2.08 USD Billion in the year 2024.
- Large Enterprise is the Fastest growing segment in Global Accounts Payable Automation Market to 2032 with a Growth rate of 14.07 % in forecast period 2025-2032.

Global Accounts Payable Automation Market Company Share Analysis

Company Name
Oracle
SAP SE or an SAP affiliate company
FIS
AvidXchange, Inc.
BILL Operations, LLC.

Global Accounts Payable Automation Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Accounts Payable Automation Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Global Accounts Payable Automation Market?

The Global Accounts Payable Automation Market is segmented based on Segmentation Deployment Type,Vertical,Process,Component,Organization Size.

What is the current market size of the Global Accounts Payable Automation Market?

Global Accounts Payable Automation Market was valued at USD 3.12(Revenue in USD Billion) in 2020.

What is the expected growth rate of the Global Accounts Payable Automation Market?

Global Accounts Payable Automation Market is projected to grow at a CAGR of 13.66% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Global Accounts Payable Automation Market?

The Large Enterprise segment is expected to dominate the Global Accounts Payable Automation Market, holding a largest market share of 2.08 USD Billion in 2024