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(MENAFN - GetNews) Accounts Receivable Automation Market by Component (Solution and Services), Organization Size, Deployment Type, Industry (BFSI, IT & Telecom, Manufacturing, Consumer Goods & Retail, Healthcare, Energy & Utilities), and Region - Global Forecast to 2024
The Accounts Receivable Automation Market size is expected to grow from USD 1.7 billion in 2019 to USD 3.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period. Growing traction for software-as-a-service solutions and transition toward value-based pricing will likely boost the adoption of accounts receivable automation. Additionally, the growing focus on the improvement of cash flow and reduction in days sales outstanding and reduced accounting cycle time is a major factor driving the growth of the accounts receivable automation market.