Accounts Payable Automation Market Report 2026

The accounts payable automation market size has grown exponentially in recent years. It will grow from $5.42 billion in 2025 to $6.57 billion in 2026 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to increasing transaction volumes in enterprises, rising manual invoice processing costs, adoption of basic financial automation tools, growing focus on cost control, expansion of shared service centers.

The accounts payable automation market size is expected to see exponential growth in the next few years. It will grow to $14.38 billion in 2030 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to increasing adoption of cloud-based AP platforms, rising demand for touchless invoice workflows, expansion of real-time payment systems, growing focus on financial transparency, increasing integration with ERP platforms. Major trends in the forecast period include increasing adoption of automated invoice processing, rising use of AI-based data capture tools, growing integration of end-to-end payables platforms, expansion of real-time payment visibility solutions, enhanced focus on fraud detection mechanisms.

Rising internet penetration is expected to drive the growth of the accounts payable automation market in the coming years. The internet refers to a global network that connects the World Wide Web and billions of computers worldwide. Greater internet penetration enables accounts payable automation providers to access different stages of the accounts payable process, such as documentation and invoices, across any device globally and automate these processes with minimal human involvement. For example, in March 2024, according to Edge Delta, a US-based software company, global data generation reached an estimated 120 zettabytes (ZB) in 2023, equivalent to approximately 337,080 petabytes (PB) per day. With around 5.35 billion internet users worldwide, this translates to an average data generation of about 15.87 terabytes (TB) per user each day. As a result, increasing internet penetration is fueling the growth of the accounts payable automation market.

Major companies operating in the accounts payable automation market are concentrating on enhancing the functionality of accounts payable automation services by leveraging various technologies. For example, in January 2023, Nimbello, a US-based accounts payable automation solutions provider, introduced its next-generation accounts payable automation solution. This cloud-based platform automates the complete accounts payable process, enabling organizations to simplify invoice management, increase accuracy, and improve overall efficiency. Its importance lies in shifting AP teams from routine administrative roles to strategic business partners by saving time, reducing costs, and delivering deeper insights into corporate spending.

In May 2024, Basware Corporation, a Finland-based technology company, acquired AP Matching for an undisclosed amount. Through this acquisition, Basware aimed to strengthen its accounts payable automation capabilities by integrating AP Matching’s invoicing and statement reconciliation software, offering customers an end-to-end solution that automates the entire invoice-to-payment cycle. AP Matching Ltd is a UK-based software company that delivers cloud-based solutions for automated invoice management and financial statement reconciliation.

Major companies operating in the accounts payable automation market are Oracle Corporation, SAP SE, Fidelity National Information Services Inc., Sage Group PLC., Bill.com, Coupa Software, Comarch SA, AvidXchange Holdings, Kofax Inc., Zycus Inc., Zoho Corporation Pvt. Ltd., Esker, FinancialForce, Bottomline Technologies Inc., Corcentric, Chrome River, Tipalti Inc., MHC Automation, Procurify, Airbase Inc., MineralTree, AppZen Inc., Palette Software, Stampli, DocuPhase, Certinia, Medius.

North America was the largest region in the accounts payable automation market in 2025. The regions covered in the accounts payable automation market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the accounts payable automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The accounts payable automation market consists of revenues earned by entities by providing E-invoicing and compliance guidance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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