Accounts Receivable Automation Market: Size, Share, Trends, Current and Future Analysis

Growing focus on the improvement of cash flow and reduction in days sales outstanding and reduced accounting cycle time are the major factors driving the growth of the accounts receivable automation market.

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The services segment of accounts receivable automation to grow at the highest growth rate during the forecast period

Services play a crucial role in efficiently carrying out various tasks performed in the entire receivable process of an organization. The services segment has been broadly classified into consulting and implementation, and support and maintenance services. Accounts receivable automation vendors offer services to plan, design, implement, and deploy accounts receivable solutions. The increase in the number of digital transactions in the emerging economies is expected to fuel the demand for accounts receivable automation services. The demand for consulting and implementation services is expected to increase in the accounts receivable automation market with an increase in the adoption of accounts receivable automation technology-based solutions. Services form an integral part of the software lifecycle and expected to boost the growth rate of the accounts receivable automation market during the forecast period.

Robot Operating System Market: Size, Share, Trends, Current and Future Analysis

The adoption rate of ROS is expected to grow, owing to a rise in the Research and Development (RD) funds for industry automation, increasing implementation of collaborative modular robots, growing demand for Robotics-as-a-Service (RaaS) model, and the rising adoption of low-cost industrial robots.

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Collaborative robots segment to hold the highest CAGR during the forecast period

The safety features, as well as the benefits over other robots to perform certain light-duty tasks, is driving the adoption of collaborative robots (Cobot’s) across the ROS market. Cobot’s can be integrated with various sensors, vision systems, and passive compliance. It also integrates with overcurrent detection features, which detect any imminent collision with humans and take appropriate action to stop their movement, or deactivate the arm, or move the joint in the opposite direction, to avoid injury.

Artificial Intelligence in Accounting Market: Size, Share, Trends, Current and Future Analysis

The major factors driving the growth of AI in accounting market include the growing need to automate accounting processes and the need for enhanced data-based advisory and decision making.


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Services segment to grow at a higher CAGR during the forecast period

The AI in accounting market has been segmented based on components into 2 categories: solutions and services. The solutions segment is estimated to hold a larger market size, which is driven by the ease of integrating pre-built solutions with existing accounting infrastructure. The growing number of innovations and partnerships in the accounting sector and the focus on automating repetitive accounting processes to enhance efficiency, are also the factors contributing to the adoption. The growth of the services segment can be attributed to the increasing deployment of AI in accounting software tools and solutions, which is leading to increased demand for pre- and post-deployment services.

Fraud and risk management application to grow at the highest CAGR during forecast period

The use of AI in accounting is increasing rapidly in the fraud and risk management application, owing to increasing data related financial frauds and the need for enhanced data accuracy and protection. This technology has the capability to handle and evaluate unstructured data and identify threats. Natural Language Processing (NLP) uses advanced algorithms to analyze text to derive insights and sentiment from unstructured data.

Emotion Analytics Market: Size, Share, Trends, Current and Future Analysis

Need for higher customer satisfaction, rising significance for real-time emotion analytics, adherence to regulatory and compliance standards, and increasing need of emotion analytics software and services to cater to the growing Business Process Outsourcing (BPO) sector are the major factors driving the emotion analytics market.

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Customer experience management to account for the largest emotion analytics market size during the forecast period

Emotion analytics provides enhanced customer experience management to companies, for which it analyzes the target customers, and creates and delivers personalized experiences to them, thereby enticing the customers to remain loyal to them. Emotion analytics extracts insights from all customer touchpoints and channels across the entire organization that includes calls, texts, video, facial, emails, chats, and social media platforms. Emotion analytics solutions use historical data and real-time information to identify the patterns and trends of customers, enabling the agent to tailor their words accordingly over the call. The historical data and real-time information help companies in generating offers for the retention of customers, thereby reducing escalations and the termination of services.

Virtual Private Cloud Market: Size, Share, Trends, Current and Future Analysis

Increased flexibility and performance, and reduced time and cost are expected to spur the demand for VPC offerings across the globe.

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Need to store and manage data securely, improve scalability, and avoid redundancy and duplication of data to drive the adoption of VPC among large enterprises
The growing connectivity of bandwidths and mobility trends can be seen more among large enterprises, due to the presence of a huge workforce. Moreover, the increasing demand for employees to access computing resources and applications from anywhere and at any time has made it complex for enterprises to store their data properly, maintain and manage their data centers, and focus on their core business operations.

North America to dominate the global VPC market in 2019
North America is estimated to hold the largest market size in the global VPC market in 2018, and the trend is expected to continue during the forecast period. The region is a mature market, due to the large presence of several players offering VPC. Organizations shifting toward the adoption of emerging technologies and the increasing adoption of digital business strategies are the major factors for the adoption of VPC offerings in North America. The US and Canada are the top countries contributing to the growth of VPC market in North America.