According toa new market research report "AccountsPayable Automation Market by Component (Solution and Services),Organization Size, Deployment Type, Vertical (Consumer Goods and Retail, BFSI,IT and Telecom, and Manufacturing), and Region - Global Forecast to 2024",published by MarketsandMarkets, is expected to grow from USD 1.9 billionin 2019 to USD 3.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of11.0% during the forecast period.
The increasing demand to reducethe number of delayed payments and improve the compliance rate with controlleduser access and credentials leading to reduced fraudulent transactions are themajor factors driving the growth of the AP automation market.
Browse 63 market data Tables and30 Figures spread through 125 Pages and in-depth TOC on "Accounts PayableAutomation Market by Component (Solution and Services), Organization Size,Deployment Type, Vertical (Consumer Goods and Retail, BFSI, IT and Telecom, andManufacturing), and Region - Global Forecast to 2024"
