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The North American account payable automation market is anticipated to grow at a substantial CAGR of 9.2% during the forecast period. The market is set to display impressive growth during the forecast period with some key trends emerging, such as the increased aptness of automation payment systems and the rise in presence of the number of the vendor in the region. The account payable automation market is also enhancing due to the enlargement of the mobile commerce industry along with digitization.
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The North American account payable automation market suffered a downfall during the COVID-19 crisis as most of the economic activities were halted during Q1 and Q2 2020. Most major revenue-generating vertical of Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Information Technology (IT) and Telecom, Healthcare and Other activities were favorably affected, leading to a shift towards 24/7 user approach as leads to adoption for new account payable automation system.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North American Account Payable Automation Market
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
By Deployment Type
- On-Premises
- Cloud
By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Consumer Goods and Retail
- Information Technology (IT) and Telecom
- Healthcare
- Other
North American Account Payable Automation Market Report Segment by Region
- US
- Canada
The Report Covers
- Comprehensive research methodology of the North American account payable automation market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American account payable automation market.
- Insights about market determinants that are stimulating the North American account payable automation market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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