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An Official Gartner® Report
Market Guide for Accounts Payable Invoice Automation (APIA) Solutions

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Data Speaks for Itself 
the Future of Invoicing is Digital

Governments all around the world continue to push companies toward electronic invoice exchange. As a result, organizations of all sizes and types are now on the lookout for the best APIA solution - the one that will help them streamline the process of handling inbound invoices. 

The new Gartner® Market Guide defines a market and explains what clients can expect it to do in the short term. With the focus on early, more chaotic markets, a Market Guide does not rate or position vendors within the market, but rather more commonly outlines attributes of representative vendors that are providing offerings in the market to give further insight into the market itself. 

Gartner forecasts that the spend on the APIA and supplier e-invoicing software markets will be nearly $1.75 billion through 2026, up from approximately $925 million in 2021, at a compound annual growth rate (CAGR) of 14%."

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Download the Gartner report to discover

  • Why government regulations continue to push the market toward digitization, often with B2G requirements, then evolving to cover all B2B transactions
  • What are the recognized Representative Vendors in the APIA market 
  • How to choose the right APIA vendor for your business
  • How the status of an emerging market aligns to your future plans

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GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.  

 

Gartner, Market Guide for Accounts Payable Invoice Automation Solutions, Micky Keck, Balaji Abbabatulla, Miles Onafowora, 7 August 2023.