The global AP Automation Software System market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million.
Cloud-based Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of AP Automation Software System include Tipalti, Oracle, Redwood, Lightyear, Intuit, Dolibarr, Bill.com, Melio and Airbase, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Accounts payable automation enables companies to touchlessly process supplier invoices without human intervention by providing a digital workflow to manage steps previously handled by an AP staff member.
Holistic accounts payable automation enables automated start-to-finish business payment processing. This starts with software that captures invoice data in a digital format, usually through a form of scanning or capture method, such as optical character recognition (OCR). The AP system then classifies, matches, and validates data, and forwards to the accounting system or ERP to be processed.
Accounts payable automation can provide significant cost savings for a company beyond the expected savings from eliminating manual tasks. Companies can optimize their vendor portfolio, avoid duplicate or erroneous payments, reduce fraud risk, and take advantage of early payment discounts.
This report aims to provide a comprehensive presentation of the global market for AP Automation Software System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AP Automation Software System. This report contains market size and forecasts of AP Automation Software System in global, including the following market information:
Global AP Automation Software System Market Revenue, 2020-2024, 2025-2030, ($ millions)
Global top five companies in 2023 (%)
We surveyed the AP Automation Software System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global AP Automation Software System Market, by Type, 2020-2024, 2025-2030 ($ millions)
Global AP Automation Software System Market Segment Percentages, by Type, 2023 (%)
Cloud-based
On-premises
Global AP Automation Software System Market, by Application, 2020-2024, 2025-2030 ($ millions)
Global AP Automation Software System Market Segment Percentages, by Application, 2023 (%)
SMEs
Large Enterprises
Global AP Automation Software System Market, By Region and Country, 2020-2024, 2025-2030 ($ Millions)
Global AP Automation Software System Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies AP Automation Software System revenues in global market, 2020-2024 (estimated), ($ millions)
Key companies AP Automation Software System revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Tipalti
Oracle
Redwood
Lightyear
Intuit
Dolibarr
Bill.com
Melio
Airbase
Corpay One
Concur
Pipefy
Stampli
Spendesk
Outline of Major Chapters:
Chapter 1: Introduces the definition of AP Automation Software System, market overview.
Chapter 2: Global AP Automation Software System market size in revenue.
Chapter 3: Detailed analysis of AP Automation Software System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of AP Automation Software System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 AP Automation Software System Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global AP Automation Software System Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global AP Automation Software System Overall Market Size
2.1 Global AP Automation Software System Market Size: 2023 VS 2030
2.2 Global AP Automation Software System Market Size, Prospects & Forecasts: 2020-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top AP Automation Software System Players in Global Market
3.2 Top Global AP Automation Software System Companies Ranked by Revenue
3.3 Global AP Automation Software System Revenue by Companies
3.4 Top 3 and Top 5 AP Automation Software System Companies in Global Market, by Revenue in 2023
3.5 Global Companies AP Automation Software System Product Type
3.6 Tier 1, Tier 2 and Tier 3 AP Automation Software System Players in Global Market
3.6.1 List of Global Tier 1 AP Automation Software System Companies
3.6.2 List of Global Tier 2 and Tier 3 AP Automation Software System Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global AP Automation Software System Market Size Markets, 2023 & 2030
4.1.2 Cloud-based
4.1.3 On-premises
4.2 By Type - Global AP Automation Software System Revenue & Forecasts
4.2.1 By Type - Global AP Automation Software System Revenue, 2020-2024
4.2.2 By Type - Global AP Automation Software System Revenue, 2025-2030
4.2.3 By Type - Global AP Automation Software System Revenue Market Share, 2020-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global AP Automation Software System Market Size, 2023 & 2030
5.1.2 SMEs
5.1.3 Large Enterprises
5.2 By Application - Global AP Automation Software System Revenue & Forecasts
5.2.1 By Application - Global AP Automation Software System Revenue, 2020-2024
5.2.2 By Application - Global AP Automation Software System Revenue, 2025-2030
5.2.3 By Application - Global AP Automation Software System Revenue Market Share, 2020-2030
6 Sights by Region
6.1 By Region - Global AP Automation Software System Market Size, 2023 & 2030
6.2 By Region - Global AP Automation Software System Revenue & Forecasts
6.2.1 By Region - Global AP Automation Software System Revenue, 2020-2024
6.2.2 By Region - Global AP Automation Software System Revenue, 2025-2030
6.2.3 By Region - Global AP Automation Software System Revenue Market Share, 2020-2030
6.3 North America
6.3.1 By Country - North America AP Automation Software System Revenue, 2020-2030
6.3.2 US AP Automation Software System Market Size, 2020-2030
6.3.3 Canada AP Automation Software System Market Size, 2020-2030
6.3.4 Mexico AP Automation Software System Market Size, 2020-2030
6.4 Europe
6.4.1 By Country - Europe AP Automation Software System Revenue, 2020-2030
6.4.2 Germany AP Automation Software System Market Size, 2020-2030
6.4.3 France AP Automation Software System Market Size, 2020-2030
6.4.4 U.K. AP Automation Software System Market Size, 2020-2030
6.4.5 Italy AP Automation Software System Market Size, 2020-2030
6.4.6 Russia AP Automation Software System Market Size, 2020-2030
6.4.7 Nordic Countries AP Automation Software System Market Size, 2020-2030
6.4.8 Benelux AP Automation Software System Market Size, 2020-2030
6.5 Asia
6.5.1 By Region - Asia AP Automation Software System Revenue, 2020-2030
6.5.2 China AP Automation Software System Market Size, 2020-2030
6.5.3 Japan AP Automation Software System Market Size, 2020-2030
6.5.4 South Korea AP Automation Software System Market Size, 2020-2030
6.5.5 Southeast Asia AP Automation Software System Market Size, 2020-2030
6.5.6 India AP Automation Software System Market Size, 2020-2030
6.6 South America
6.6.1 By Country - South America AP Automation Software System Revenue, 2020-2030
6.6.2 Brazil AP Automation Software System Market Size, 2020-2030
6.6.3 Argentina AP Automation Software System Market Size, 2020-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa AP Automation Software System Revenue, 2020-2030
6.7.2 Turkey AP Automation Software System Market Size, 2020-2030
6.7.3 Israel AP Automation Software System Market Size, 2020-2030
6.7.4 Saudi Arabia AP Automation Software System Market Size, 2020-2030
6.7.5 UAE AP Automation Software System Market Size, 2020-2030
7 AP Automation Software System Companies Profiles
7.1 Tipalti
7.1.1 Tipalti Company Summary
7.1.2 Tipalti Business Overview
7.1.3 Tipalti AP Automation Software System Major Product Offerings
7.1.4 Tipalti AP Automation Software System Revenue in Global Market (2020-2024)
7.1.5 Tipalti Key News & Latest Developments
7.2 Oracle
7.2.1 Oracle Company Summary
7.2.2 Oracle Business Overview
7.2.3 Oracle AP Automation Software System Major Product Offerings
7.2.4 Oracle AP Automation Software System Revenue in Global Market (2020-2024)
7.2.5 Oracle Key News & Latest Developments
7.3 Redwood
7.3.1 Redwood Company Summary
7.3.2 Redwood Business Overview
7.3.3 Redwood AP Automation Software System Major Product Offerings
7.3.4 Redwood AP Automation Software System Revenue in Global Market (2020-2024)
7.3.5 Redwood Key News & Latest Developments
7.4 Lightyear
7.4.1 Lightyear Company Summary
7.4.2 Lightyear Business Overview
7.4.3 Lightyear AP Automation Software System Major Product Offerings
7.4.4 Lightyear AP Automation Software System Revenue in Global Market (2020-2024)
7.4.5 Lightyear Key News & Latest Developments
7.5 Intuit
7.5.1 Intuit Company Summary
7.5.2 Intuit Business Overview
7.5.3 Intuit AP Automation Software System Major Product Offerings
7.5.4 Intuit AP Automation Software System Revenue in Global Market (2020-2024)
7.5.5 Intuit Key News & Latest Developments
7.6 Dolibarr
7.6.1 Dolibarr Company Summary
7.6.2 Dolibarr Business Overview
7.6.3 Dolibarr AP Automation Software System Major Product Offerings
7.6.4 Dolibarr AP Automation Software System Revenue in Global Market (2020-2024)
7.6.5 Dolibarr Key News & Latest Developments
7.7 Bill.com
7.7.1 Bill.com Company Summary
7.7.2 Bill.com Business Overview
7.7.3 Bill.com AP Automation Software System Major Product Offerings
7.7.4 Bill.com AP Automation Software System Revenue in Global Market (2020-2024)
7.7.5 Bill.com Key News & Latest Developments
7.8 Melio
7.8.1 Melio Company Summary
7.8.2 Melio Business Overview
7.8.3 Melio AP Automation Software System Major Product Offerings
7.8.4 Melio AP Automation Software System Revenue in Global Market (2020-2024)
7.8.5 Melio Key News & Latest Developments
7.9 Airbase
7.9.1 Airbase Company Summary
7.9.2 Airbase Business Overview
7.9.3 Airbase AP Automation Software System Major Product Offerings
7.9.4 Airbase AP Automation Software System Revenue in Global Market (2020-2024)
7.9.5 Airbase Key News & Latest Developments
7.10 Corpay One
7.10.1 Corpay One Company Summary
7.10.2 Corpay One Business Overview
7.10.3 Corpay One AP Automation Software System Major Product Offerings
7.10.4 Corpay One AP Automation Software System Revenue in Global Market (2020-2024)
7.10.5 Corpay One Key News & Latest Developments
7.11 Concur
7.11.1 Concur Company Summary
7.11.2 Concur Business Overview
7.11.3 Concur AP Automation Software System Major Product Offerings
7.11.4 Concur AP Automation Software System Revenue in Global Market (2020-2024)
7.11.5 Concur Key News & Latest Developments
7.12 Pipefy
7.12.1 Pipefy Company Summary
7.12.2 Pipefy Business Overview
7.12.3 Pipefy AP Automation Software System Major Product Offerings
7.12.4 Pipefy AP Automation Software System Revenue in Global Market (2020-2024)
7.12.5 Pipefy Key News & Latest Developments
7.13 Stampli
7.13.1 Stampli Company Summary
7.13.2 Stampli Business Overview
7.13.3 Stampli AP Automation Software System Major Product Offerings
7.13.4 Stampli AP Automation Software System Revenue in Global Market (2020-2024)
7.13.5 Stampli Key News & Latest Developments
7.14 Spendesk
7.14.1 Spendesk Company Summary
7.14.2 Spendesk Business Overview
7.14.3 Spendesk AP Automation Software System Major Product Offerings
7.14.4 Spendesk AP Automation Software System Revenue in Global Market (2020-2024)
7.14.5 Spendesk Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. AP Automation Software System Market Opportunities & Trends in Global Market
Table 2. AP Automation Software System Market Drivers in Global Market
Table 3. AP Automation Software System Market Restraints in Global Market
Table 4. Key Players of AP Automation Software System in Global Market
Table 5. Top AP Automation Software System Players in Global Market, Ranking by Revenue (2023)
Table 6. Global AP Automation Software System Revenue by Companies, (US$, Mn), 2020-2024
Table 7. Global AP Automation Software System Revenue Share by Companies, 2020-2024
Table 8. Global Companies AP Automation Software System Product Type
Table 9. List of Global Tier 1 AP Automation Software System Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 10. List of Global Tier 2 and Tier 3 AP Automation Software System Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 11. By Type ? Global AP Automation Software System Revenue, (US$, Mn), 2023 & 2030
Table 12. By Type - AP Automation Software System Revenue in Global (US$, Mn), 2020-2024
Table 13. By Type - AP Automation Software System Revenue in Global (US$, Mn), 2025-2030
Table 14. By Application ? Global AP Automation Software System Revenue, (US$, Mn), 2023 & 2030
Table 15. By Application - AP Automation Software System Revenue in Global (US$, Mn), 2020-2024
Table 16. By Application - AP Automation Software System Revenue in Global (US$, Mn), 2025-2030
Table 17. By Region ? Global AP Automation Software System Revenue, (US$, Mn), 2023 & 2030
Table 18. By Region - Global AP Automation Software System Revenue (US$, Mn), 2020-2024
Table 19. By Region - Global AP Automation Software System Revenue (US$, Mn), 2025-2030
Table 20. By Country - North America AP Automation Software System Revenue, (US$, Mn), 2020-2024
Table 21. By Country - North America AP Automation Software System Revenue, (US$, Mn), 2025-2030
Table 22. By Country - Europe AP Automation Software System Revenue, (US$, Mn), 2020-2024
Table 23. By Country - Europe AP Automation Software System Revenue, (US$, Mn), 2025-2030
Table 24. By Region - Asia AP Automation Software System Revenue, (US$, Mn), 2020-2024
Table 25. By Region - Asia AP Automation Software System Revenue, (US$, Mn), 2025-2030
Table 26. By Country - South America AP Automation Software System Revenue, (US$, Mn), 2020-2024
Table 27. By Country - South America AP Automation Software System Revenue, (US$, Mn), 2025-2030
Table 28. By Country - Middle East & Africa AP Automation Software System Revenue, (US$, Mn), 2020-2024
Table 29. By Country - Middle East & Africa AP Automation Software System Revenue, (US$, Mn), 2025-2030
Table 30. Tipalti Company Summary
Table 31. Tipalti AP Automation Software System Product Offerings
Table 32. Tipalti AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 33. Tipalti Key News & Latest Developments
Table 34. Oracle Company Summary
Table 35. Oracle AP Automation Software System Product Offerings
Table 36. Oracle AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 37. Oracle Key News & Latest Developments
Table 38. Redwood Company Summary
Table 39. Redwood AP Automation Software System Product Offerings
Table 40. Redwood AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 41. Redwood Key News & Latest Developments
Table 42. Lightyear Company Summary
Table 43. Lightyear AP Automation Software System Product Offerings
Table 44. Lightyear AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 45. Lightyear Key News & Latest Developments
Table 46. Intuit Company Summary
Table 47. Intuit AP Automation Software System Product Offerings
Table 48. Intuit AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 49. Intuit Key News & Latest Developments
Table 50. Dolibarr Company Summary
Table 51. Dolibarr AP Automation Software System Product Offerings
Table 52. Dolibarr AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 53. Dolibarr Key News & Latest Developments
Table 54. Bill.com Company Summary
Table 55. Bill.com AP Automation Software System Product Offerings
Table 56. Bill.com AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 57. Bill.com Key News & Latest Developments
Table 58. Melio Company Summary
Table 59. Melio AP Automation Software System Product Offerings
Table 60. Melio AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 61. Melio Key News & Latest Developments
Table 62. Airbase Company Summary
Table 63. Airbase AP Automation Software System Product Offerings
Table 64. Airbase AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 65. Airbase Key News & Latest Developments
Table 66. Corpay One Company Summary
Table 67. Corpay One AP Automation Software System Product Offerings
Table 68. Corpay One AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 69. Corpay One Key News & Latest Developments
Table 70. Concur Company Summary
Table 71. Concur AP Automation Software System Product Offerings
Table 72. Concur AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 73. Concur Key News & Latest Developments
Table 74. Pipefy Company Summary
Table 75. Pipefy AP Automation Software System Product Offerings
Table 76. Pipefy AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 77. Pipefy Key News & Latest Developments
Table 78. Stampli Company Summary
Table 79. Stampli AP Automation Software System Product Offerings
Table 80. Stampli AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 81. Stampli Key News & Latest Developments
Table 82. Spendesk Company Summary
Table 83. Spendesk AP Automation Software System Product Offerings
Table 84. Spendesk AP Automation Software System Revenue (US$, Mn) & (2020-2024)
Table 85. Spendesk Key News & Latest Developments
List of Figures
Figure 1. AP Automation Software System Segment by Type in 2023
Figure 2. AP Automation Software System Segment by Application in 2023
Figure 3. Global AP Automation Software System Market Overview: 2023
Figure 4. Key Caveats
Figure 5. Global AP Automation Software System Market Size: 2023 VS 2030 (US$, Mn)
Figure 6. Global AP Automation Software System Revenue, 2020-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by AP Automation Software System Revenue in 2023
Figure 8. By Type - Global AP Automation Software System Revenue Market Share, 2020-2030
Figure 9. By Application - Global AP Automation Software System Revenue Market Share, 2020-2030
Figure 10. By Type - Global AP Automation Software System Revenue, (US$, Mn), 2023 & 2030
Figure 11. By Type - Global AP Automation Software System Revenue Market Share, 2020-2030
Figure 12. By Application - Global AP Automation Software System Revenue, (US$, Mn), 2023 & 2030
Figure 13. By Application - Global AP Automation Software System Revenue Market Share, 2020-2030
Figure 14. By Region - Global AP Automation Software System Revenue Market Share, 2020-2030
Figure 15. By Country - North America AP Automation Software System Revenue Market Share, 2020-2030
Figure 16. US AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 17. Canada AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 18. Mexico AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 19. By Country - Europe AP Automation Software System Revenue Market Share, 2020-2030
Figure 20. Germany AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 21. France AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 22. U.K. AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 23. Italy AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 24. Russia AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 25. Nordic Countries AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 26. Benelux AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 27. By Region - Asia AP Automation Software System Revenue Market Share, 2020-2030
Figure 28. China AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 29. Japan AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 30. South Korea AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 31. Southeast Asia AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 32. India AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 33. By Country - South America AP Automation Software System Revenue Market Share, 2020-2030
Figure 34. Brazil AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 35. Argentina AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 36. By Country - Middle East & Africa AP Automation Software System Revenue Market Share, 2020-2030
Figure 37. Turkey AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 38. Israel AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 39. Saudi Arabia AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 40. UAE AP Automation Software System Revenue, (US$, Mn), 2020-2030
Figure 41. Tipalti AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 42. Oracle AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 43. Redwood AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 44. Lightyear AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 45. Intuit AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 46. Dolibarr AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 47. Bill.com AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 48. Melio AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 49. Airbase AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 50. Corpay One AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 51. Concur AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 52. Pipefy AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 53. Stampli AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 54. Spendesk AP Automation Software System Revenue Year Over Year Growth (US$, Mn) & (2020-2024)