Report : Asia Pacific E-Invoicing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Cloud, On-Premise); End-User (B2B, B2C, Others)
Cloud Deployment Model to Dominate Asia-Pacific E-Invoicing Marketduring 2020–2027
According to our new market research study on “Asia-PacificE-Invoicing Marketto 2027 – Regional Analysis and Forecast by Deployment Model, and End-User,”the market is expected to reach US$ 4,075.8 Mnby 2027 from US$ 1,019.1Mn in 2019; it is estimated to grow at a CAGR of 19.4% from 2020 to 2027.Policies and regulations on B2C and B2B in Invoicing processesare nearly non-existent in Asia-Pacific, and they depend on normalization related to filing of invoices instead of rules for issuing invoices. Therefore, the need to adopt a common model of in Invoicing is gaining high momentum, which would help in accomplishing the goal of standardization in the in Invoicing systems.
The e-Invoicing market, by deployment model, is segmented into on-premises and cloud.The growing adoption of cloud-based solutions in various industries is mainly attributed to easy deployment, interoperability, cost saving, high efficiency, and on-demand features of these solutions. Moreover, the large and increasingly growing number of SMEs worldwideis also boosting the demand for cloud-based e-in Invoicing solutions.
Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., and IBM Corporationare among the leading companies in the Asia-Pacifice-Invoicing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2017, Sage announced the acquisition of Fairsail for strengthening its focus on higher level enterprise customer base that is in need of HCM and payroll solutions.
The report segments the Asia-Pacific e-Invoicing marketas follows:
By Deployment Type
By End Use
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