Middle East & Africa Accounts Payable Automation Market Size & Outlook
The accounts payable automation market in Middle East & Africa is expected to reach a projected revenue of US$ 615.6 million by 2030. A compound annual growth rate of 12.7% is expected of Middle East & Africa accounts payable automation market from 2024 to 2030.
Revenue, 2023 (US$M)
$266.6
Forecast, 2030 (US$M)
$615.6
CAGR, 2024 - 2030
12.7%
Report Coverage
Middle East & Africa
Middle East Africa Accounts Payable Automation Market, 2018-2030 (US$M)
MEA accounts payable automation market highlights
- The MEA accounts payable automation market generated a revenue of USD 266.6 million in 2023.
- The market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 266.6 million |
| Market revenue in 2030 | USD 615.6 million |
| Growth rate | 12.7% (CAGR from 2024 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | SAP SE, Sage Group (The) PLC, Tipalti, FreshBooks, Zycus, Bottomline, Coupa Software, Comarch |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.7% of the global accounts payable automation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,489.5 million by 2030.
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Publish Date: Aug 19, 2024
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Accounts Payable Automation Market Scope
Accounts Payable Automation Market segmentation & scope
Deployment Mode
On-premise
Cloud
Enterprise Size
Small & Medium Enterprises
Large Enterprises
Industry Vertical
BFSI
Consumer Goods & Retail
IT and Telecom
Healthcare
Government
Others
Accounts Payable Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SAP SE | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Sage Group (The) PLC | View profile | 11,326 | C23 - 5 & 6 Cobalt Park Way, Cobalt Park, Newcastle upon Tyne, United Kingdom, NE28 9EJ | www.sage.com |
| Comarch | View profile | 5001-10000 | Kraków, Malopolskie, Poland, Europe | www.comarch.com |
| Coupa Software | View profile | 1001-5000 | San Mateo, California, United States, North America | www.coupa.com |
| Tipalti | View profile | 1001-5000 | Foster City, California, United States, North America | tipalti.com |
| FreshBooks | View profile | 501-1000 | Toronto, Ontario, Canada, North America | www.freshbooks.com |
| Zycus | View profile | 1001-5000 | Princeton, New Jersey, United States, North America | www.zycus.com |
| Bottomline | View profile | 5001-10000 | Portsmouth, New Hampshire, United States, North America | www.bottomline.com |
Middle East & Africa Accounts Payable Automation Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Accounts Payable Automation Market Outlook will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 100.0% in 2023.
Horizon Databook has segmented the Middle East & Africa accounts payable automation market based on solution covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Accounts Payable Automation Market Component Outlook (Revenue, USD Million , 2018-2030)
- Solution
- Service
- Middle East & Africa Accounts Payable Automation Market Deployment Mode Outlook (Revenue, USD Million , 2018-2030)
- On-premise
- Cloud
- Middle East & Africa Accounts Payable Automation Market Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
- Small & Medium Enterprises
- Large Enterprises
- Middle East & Africa Accounts Payable Automation Market Industry Vertical Outlook (Revenue, USD Million , 2018-2030)
- BFSI
- Consumer Goods & Retail
- IT and Telecom
- Healthcare
- Government
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Accounts Payable Automation Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Accounts Payable Automation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.