B2C Segment to Dominate North America E-Invoicing Market Based on End Userduring 2020–2027
According to our new market research study on “North America E-Invoicing Market to 2027 – Regional Analysis and Forecast by Deployment Model and End User,”the market is expected to reach US$ 2,776.3 Mnby 2027 from US$ 890.1Mn in 2019;it is estimated to grow at a CAGR of 15.8% from 2020 to 2027.The report provides trends prevailing in the North Americae-Invoicingmarketalong with the drivers and restraints pertaining to the market growth. The e-Invoicingmarketare growing at an impressive pace, majorly due to favorable initiatives taken by various governments in regions such as South America. The advantages offered by e-Invoicing such as easy tracking of business transactions, reduced payment process time, low human errors, and increased cost savings are further supporting the growth of the e-Invoicing market across North America.
The North America e-Invoicingmarket, by deployment model, is segmented into on-premises and cloud. Thecloudsegment held a larger share of the market in 2019. The growing initiatives by global associations (such as ConnectONCE, OpenPEPPOL, EESPA, and GS1) to improve the interoperability among various international e-Invoicing formats are further driving the growth of cloud-based e-Invoicing solutions.
Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, and Nipendo Ltd.,are among the leading companies in the North America e-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 2019, Basware announced the integration of Oracle Cloud with Basware e-Invoice Sending and Receiving solution, which further added value to Oracle Financials Cloud customers and is available in the Oracle Cloud marketplace.
North America: E-Invoicing Market, By Country, 2019 and 2027
North America E-Invoicing Market to Grow at a CAGR of 15.8% to reach US$ 2,776.3 Million from 2020 to 2027
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North America E-Invoicing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Cloud, On-Premise); End-User (B2B, B2C, Others)
North America E-Invoicing Market to Grow at a CAGR of 15.8% to reach US$ 2,776.3 Million from 2020 to 2027
Download Free SampleNorth America E-Invoicing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Cloud, On-Premise); End-User (B2B, B2C, Others)
The report segments the North AmericaE-Invoicing marketas follows:
North America E-Invoicing Market – ByDeployment Type
- Cloud
- On-Premises
North America E-Invoicing Market – By End Use
- B2B
- B2C
- Others
North America E-Invoicing Market– By Country
- US
- Canada
- Mexico
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