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billion by 2029. It includes requisitioning, purchasing, receiving, paying, and accounting for goods and services. According to Fortune Business Insights, the worldwide market for business spend management (BSM) software is estimated to expand from $18.66 billion in 2022 to $39.05 What is Business Spend Management?
billion by 2029 at a Compound Annual Growth Rate (CAGR) of 19.6% This technology enables computers to recognize text from scanned documents, images, and PDFs using pattern recognition algorithms to identify characters in an image and convert them into machine-readable text. billion in 2022 to USD 16.42 during the forecast period.
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