Accounts Receivable Automation Market Size, Share | Industry Forecast by 2028
The latest report by IMARC Group, titled “ Accounts Receivable Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global accounts receivable automation market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028. Factors Affecting the Growth of the Global Accounts Receivable Automation Industry: Increasing Need for Efficiency and Time Savings: One of the primary factors driving the market is the significant efficiency and time savings these solutions offer to businesses. Automation in accounts receivable (AR) streamlines the entire process of managing invoices and collections, reducing the time and effort required for manual entries and follow-ups. This enhanced efficiency is crucial for businesses as it speeds up the ca...