E-invoicing Market to Grow at a CAGR of 16.2% to reach US$ 15.50 Billion from 2020 to 2027

E-invoicing Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Cloud and On-Premise); End User (B2B, B2C, and Others); and Geography

Publication Month: Apr 2020 | Report Code: TIPRE00009392 | No. of Pages: 166 | Category: Technology, Media and Telecommunications | Status: Published
Covid

In terms of revenue, the global e-invoicing market was valued at US$ 4.84 billion in 2019 and is expected to grow at a CAGR of 16.2% during the forecast period to reach US$ 15.50 billion by 2027.

 

The market for e-invoicing is growing with the rising adoption these solutions in business-to-business, business-to-customer, and business-to-government operations, among others. E-invoicing exclusively refers to the electronic invoice exchange between buyers and suppliers. Various countries define e-invoicing differently on the basis of the regulations and nature of businesses prevalent in their territories. For the scope of this study, electronic invoices are defined as formal invoices with more than seven mandatory fields with the supplier and buyer authentication. Various models that are followed for the exchange of e-invoices across industries include direct supplier model, direct buyer model, SaaS/PaaS model, network model, four corner model, multi-cloud model, and hybrid cloud model. Organizations across the world either exchange e-invoices directly with their customers or use third-party service providers. The growing trend of document digitalization for efficient processing and compliance requirements is boosting the transition from manual paper-based invoices to electronic invoices globally, which, in turn, is supporting the growth of the e-invoicing market.  

 

Presently, e-invoicing is allowed in major countries of Europe, but it is not mandatory. Public administrations across Europe plan to become ready for mandatory e-invoicing from April 2020. France, Estonia, Portugal, and Croatia are among the countries that are working aggressively to bring the B2G e-invoicing mandate. In addition, France and Serbia have plans to mandate B2B e-invoicing from 2023 and 2022, respectively. Europe is the region where the adoption of electronic and digital processes/solutions is quite high among businesses. The wide market fragmentation and high cross-border trade between European countries are driving the demand for efficient invoicing solutions. Countries are also increasingly working to formulate a common e-invoicing standard to boost the digital agenda of the European Union. Presently, the EU directives 2014/24/EU and 2014/55/EU are driving the adoption of e-invoicing mandates in various countries of Europe.  Therefore, supporting government initiatives are driving the growth of the e-invoicing market in the region.

 

Impact of COVID-19 Pandemic on E-Invoicing Market

The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns to combat and contain the outbreak have impacted every industry and economy worldwide. Technology events and industry meet cancellations, factory and office shutdowns, and reduced business activities are among the major effects that various industries such as electronics & semiconductor and IT & telecom are facing. The global travel bans imposed by countries in Europe, Asia Pacific, North America, and others are affecting the business collaborations and partnerships opportunities across industries. All these factors are anticipated to negatively impact the growth of the e-invoicing market.

 

Lucrative Regional E-invoicing Market

Lucrative Regional E-invoicing Market

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Market Insights

Digital transformation is supporting the growth of e-invoicing market

The digital technologies are transforming industries worldwide and revolutionizing the business processes for ensuring enhanced operational efficiency and reduced costs. Both large and small enterprises are investing in various digital technologies in the form of web apps, cloud computing, artificial intelligence, Internet of Things, predictive analytics, and Big Data. Digital transformation and process automation have the potential to create unparalleled opportunities for businesses to create more value and increase revenue. Invoicing is a major function in all business segments, including B2B, B2C, B2G, and G2B, which requires a substantial amount of resources in terms of manpower, time, and equipment. There are billions of invoices being generated across the globe on a daily basis, and only a fraction of this is in the form of electronic e-invoices. Hence, there is a huge potential for the e-invoicing market players to grow in the coming years. The present manual and paper-based invoice generation process result in human errors and reduce the overall productivity of a business. With the adoption of e-invoicing, businesses can save substantial costs related to invoice generation and delivery to customers. Therefore, the growing focus on improving efficiency and reducing the overall costs is supporting the growth of e-invoicing market.

 

Deployment-Based Insights

In terms of deployment, cloud deployment captured the largest share of the global e-invoicing market in 2019. The cloud solution providers assist their customers in meeting legal requirements and complying with tax mandates, along with ensuring an end-to-end data security. A few of the major factors boosting the adoption of cloud-based solutions in various industries include easy deployment, interoperability, cost savings, high efficiency, and on-demand features. In addition to the advantages offered by cloud solutions, the large and still growing number of SMEs across the world is adding to the demand for cloud-based e-invoicing solutions.

 

Global E-invoicing Market, by Deployment– 2018 and 2027


Global E-invoicing Market, by Deployment– 2018 and 2027

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End User-Based Insights

The e-invoicing market, by enduser, is segmented into B2B, B2C, and others. The B2C segment captured a dominating share in the global e-invoicing market in 2019. B2C operations include businesses that sell products and services directly to the customers. The increasing population, rising disposable incomes, changing consumer behavior, and increasing trend of e-commerce are a few of the key factors driving the growth of B2C transactions worldwide. Owing to a large number of transactions on a daily basis, this segment generates a substantial number of invoices compared to B2B and B2G segments. Cost savings, transaction transparency, regulatory compliance, and reduced tax evasion incidences are among the key factors fueling the implementation of e-invoicing practices in B2C setups in various countries.

 

Strategic Insights

In the e-invoicing market. the mergers and acquisitions strategy is commonly adopted by companies to expand their footprint worldwide by meeting the growing demand for their offerings. This strategy is mostly observed to be implemented in the market in North America and Europe. A few of the recent acquisitions in the e-invoicing market are listed below:

 

2020: Cegedim announced the acquisition of Ximantix; with this acquisition, the company further expands its foothold globally to address the requirements of its international clients.This would help it achieve a strong position in the e-invoicing Market.

 

2019: Cegedim e-business announced the acquisition of BSV Electronic Publishing for capitalizing the overall potential for synergies between these two companies. This would help the company strengthen its product portfolio and attract new customers for its e-invoicing offerings.

 

Market Segmentation

E-invoicing Market – By Deployment

  • Cloud
  • On-Premise


E-invoicing Market – By EndUser

  • B2B
  • B2C
  • Others

 E-invoicingMarketby Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America 

 

Companies Profiled in E-invoicing Market are as Follows:

  • Basware Corporation
  • Cegedim SA
  • Comarch SA
  • Coupa Software Inc.
  • IBM Corporation
  • Nipendo Ltd.
  • SAP SE
  • The Sage Group Plc
  • Tradeshift
  • Transcepta LLC

1.          Introduction

1.1     Study Scope

1.2     The Insight Partners Research Report Guidance

1.3     Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1     Coverage

3.2     Secondary Research

3.3     Primary Research

4.          E-Invoicing Market Landscape

4.1     Market Overview

4.2     PEST Analysis

4.2.1      North America

4.2.2      Europe

4.2.3      APAC

4.2.4      MEA

4.2.5      SAM

4.3     Ecosystem Analysis

4.4     Expert Opinion

5.          E-Invoicing –Market Dynamics

5.1     Market Drivers

5.1.1      Digital Transformation Trend Across Industries

5.1.2      Rising E-Invoicing related Compliance Requirements

5.1.3      Government Initiatives To Boost E-Invoicing Adoption

5.2     Market Restraints

5.2.1      Issues Hindering E-Invoicing Mass Adoption

5.3     Market Opportunities

5.3.1      Emerging Era of Cloud Based Solutions

5.4     Future Trends

5.4.1      Adoption of Advanced Technologies like Blockchain

5.5     Impact Analysis of Drivers and Restraints

6.          E-Invoicing Market – Global Analysis

6.1     E-Invoicing Market Global Overview

6.2     E-Invoicing Market – Revenue and Forecast to 2027 (US$ Billion)

6.3     Market Positioning – Global Key Players

7.          E-Invoicing Market Analysis – By Deployment Model

7.1     Overview

7.2     E-Invoicing Market, By Deployment Model (2019 and 2027)

7.3     On-Premise

7.3.1      Overview

7.3.2      On-Premise: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

7.4     Cloud

7.4.1      Overview

7.4.2      Cloud: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

8.          E-Invoicing Market Analysis – By End-User

8.1     Overview

8.2     E-Invoicing Market Breakdown, by End-User, 2019 & 2027

8.3     B2B

8.3.1      Overview

8.3.2      B2B Market Revenue and Forecast to 2027 (US$ Million)

8.4     B2C

8.4.1      Overview

8.4.2      B2C Market Revenue and Forecast to 2027 (US$ Million)

8.5     Others

8.5.1      Overview

8.5.2      Others Market Revenue and Forecast to 2027 (US$ Mn)

9.          E-Invoicing Market – Geographic Analysis

9.1     Overview

9.2     North America: E-Invoicing Market

9.2.1      North America: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.2.2      North America: E-Invoicing Market, by Deployment Model

9.2.3      North America: E-Invoicing Market, by End-User

9.2.4      North America: E-Invoicing Market, by Key Country

9.2.4.1     US: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.1.1     US: E-Invoicing Market, by Deployment Model

9.2.4.1.2     US: E-Invoicing Market, by End-User

9.2.4.2     Canada: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.2.1     Canada: E-Invoicing Market, by Deployment Model

9.2.4.2.2     Canada: E-Invoicing Market, by End-User

9.2.4.3     Mexico: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.3.1     Mexico: E-Invoicing Market, by Deployment Model

9.2.4.3.2     Mexico: E-Invoicing Market, by End-User

9.3     Europe: E-Invoicing Market

9.3.1      Europe: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.2      Europe: E-Invoicing Market, by Deployment Model

9.3.3      Europe: E-Invoicing Market, by End-User

9.3.4      Europe: E-Invoicing Market, by Key Country

9.3.4.1     Germany: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.1.1     Germany: E-Invoicing Market, by Deployment Model

9.3.4.1.2     Germany: E-Invoicing Market, by End-User

9.3.4.2     France: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.2.1     France: E-Invoicing Market, by Deployment Model

9.3.4.2.2     France: E-Invoicing Market, by End-User

9.3.4.3     Italy: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.3.1     Italy: E-Invoicing Market, by Deployment Model

9.3.4.3.2     Italy: E-Invoicing Market, by End-User

9.3.4.4     UK: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.4.1     UK: E-Invoicing Market, by Deployment Model

9.3.4.4.2     UK: E-Invoicing Market, by End-User

9.3.4.5     Russia: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.5.1     Russia: E-Invoicing Market, by Deployment Model

9.3.4.5.2     Russia: E-Invoicing Market, by End-User

9.3.4.6     Rest of Europe: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.6.1     Rest of Europe: E-Invoicing Market, by Deployment Model

9.3.4.6.2     Rest of Europe: E-Invoicing Market, by End-User

9.4     APAC: E-Invoicing Market

9.4.1      APAC: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.2      APAC: E-Invoicing Market, by Deployment Model

9.4.3      APAC: E-Invoicing Market, by End-User

9.4.4      APAC: E-Invoicing Market, by Key Country

9.4.4.1     Australia: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.1.1     Australia: E-Invoicing Market, by Deployment Model

9.4.4.1.2     Australia: E-Invoicing Market, by End-User

9.4.4.2     China: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.2.1     China: E-Invoicing Market, by Deployment Model

9.4.4.2.2     China: E-Invoicing Market, by End-User

9.4.4.3     India: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.3.1     India: E-Invoicing Market, by Deployment Model

9.4.4.3.2     India: E-Invoicing Market, by End-User

9.4.4.4     Japan: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.4.1     Japan: E-Invoicing Market, by Deployment Model

9.4.4.4.2     Japan: E-Invoicing Market, by End-User

9.4.4.5     South Korea: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.5.1     South Korea: E-Invoicing Market, by Deployment Model

9.4.4.5.2     South Korea: E-Invoicing Market, by End-User

9.4.4.6     Rest of APAC: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.6.1     Rest of APAC: E-Invoicing Market, by Deployment Model

9.4.4.6.2     Rest of APAC: E-Invoicing Market, by End-User

9.5     MEA: E-Invoicing Market

9.5.1      MEA: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2      MEA: E-Invoicing Market, by Deployment Model

9.5.3      MEA: E-Invoicing Market, by End-User

9.5.4      MEA: E-Invoicing Market, by Key Country

9.5.4.1     South Africa: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.1.1     South Africa: E-Invoicing Market, by Deployment Model

9.5.4.1.2     South Africa: E-Invoicing Market, by End-User

9.5.4.2     Saudi Arabia: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.2.1     Saudi Arabia: E-Invoicing Market, by Deployment Model

9.5.4.2.2     Saudi Arabia: E-Invoicing Market, by End-User

9.5.4.3     UAE: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.3.1     UAE: E-Invoicing Market, by Deployment Model

9.5.4.3.2     UAE: E-Invoicing Market, by End-User

9.5.4.4     Rest of MEA: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.4.1     Rest of MEA: E-Invoicing Market, by Deployment Model

9.5.4.4.2     Rest of MEA: E-Invoicing Market, by End-User

9.6     SAM: E-Invoicing Market

9.6.1      SAM: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2      SAM: E-Invoicing Market, by Deployment Model

9.6.3      SAM: E-Invoicing Market, by End-User

9.6.4      SAM: E-Invoicing Market, by Key Country

9.6.4.1     Brazil: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.1.1     Brazil: E-Invoicing Market, by Deployment Model

9.6.4.1.2     Brazil: E-Invoicing Market, by End-User

9.6.4.2     Argentina: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.2.1     Argentina: E-Invoicing Market, by Deployment Model

9.6.4.2.2     Argentina: E-Invoicing Market, by End-User

9.6.4.3     Rest of SAM: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.3.1     Rest of SAM: E-Invoicing Market, by Deployment Model

9.6.4.3.2     Rest of SAM: E-Invoicing Market, by End-User

10.       E-Invoicing Market- COVID-19 Impact Analysis

10.1   Overview

10.2   North America

10.3   Europe

10.4   Asia-Pacific

10.5   Middle East and Africa

10.6   South America

11.       Industry Landscape

11.1   Market Initiative

11.2   New Product Development

11.3   Merger and Acquisition

12.       Company Profiles

12.1   Basware Corporation

12.1.1    Key Facts

12.1.2    Business Description

12.1.3    Products and Services

12.1.4    Financial Overview

12.1.5    SWOT Analysis

12.1.6    Key Developments

12.2   Cegedim SA

12.2.1    Key Facts

12.2.2    Business Description

12.2.3    Products and Services

12.2.4    Financial Overview

12.2.5    SWOT Analysis

12.2.6    Key Developments

12.3   Comarch SA

12.3.1    Key Facts

12.3.2    Business Description

12.3.3    Products and Services

12.3.4    Financial Overview

12.3.5    SWOT Analysis

12.3.6    Key Developments

12.4   Coupa Software Inc.

12.4.1    Key Facts

12.4.2    Business Description

12.4.3    Products and Services

12.4.4    Financial Overview

12.4.5    SWOT Analysis

12.4.6    Key Developments

12.5   IBM Corporation

12.5.1    Key Facts

12.5.2    Business Description

12.5.3    Products and Services

12.5.4    Financial Overview

12.5.5    SWOT Analysis

12.5.6    Key Developments

12.6   Nipendo Ltd.

12.6.1    Key Facts

12.6.2    Business Description

12.6.3    Products and Services

12.6.4    Financial Overview

12.6.5    SWOT Analysis

12.6.6    Key Developments

12.7   SAP SE

12.7.1    Key Facts

12.7.2    Business Description

12.7.3    Products and Services

12.7.4    Financial Overview

12.7.5    SWOT Analysis

12.7.6    Key Developments

12.8   The Sage Group plc

12.8.1    Key Facts

12.8.2    Business Description

12.8.3    Products and Services

12.8.4    Financial Overview

12.8.5    SWOT Analysis

12.8.6    Key Developments

12.9   Tradeshift

12.9.1    Key Facts

12.9.2    Business Description

12.9.3    Products and Services

12.9.4    Financial Overview

12.9.5    SWOT Analysis

12.9.6    Key Developments

12.10 Transcepta LLC

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.       Appendix

13.1   About The Insight Partners

13.2   Word Index

LIST OF TABLES

Table 1.          E-Invoicing Market – Revenue and Forecast to 2027 (US$ Billion)

Table 2.          North America: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 3.          North America: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 4.          US: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 5.          US: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 6.          Canada: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 7.          Canada: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 8.          Mexico: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 9.          Mexico: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 10.       Europe: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 11.       Europe: E-Invoicing Market, by End-User– Revenue and Forecast to 2027 (US$ Million)

Table 12.       Germany: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 13.       Germany: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 14.       France: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 15.       France: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 16.       Italy: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 17.       Italy: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 18.       UK: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 19.       UK: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 20.       Russia: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 21.       Russia: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 22.       Rest of Europe: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 23.       Rest of Europe: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 24.       APAC: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 25.       APAC: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 26.       Australia: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 27.       Australia: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 28.       China: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 29.       China: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 30.       India: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 31.       India: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 32.       Japan: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 33.       Japan: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 34.       South Korea: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 35.       South Korea: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 36.       Rest of APAC: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 37.       Rest of APAC: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 38.       MEA: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 39.       MEA: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 40.       South Africa: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 41.       South Africa: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 42.       Saudi Arabia: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 43.       Saudi Arabia: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 44.       UAE: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 45.       UAE: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 46.       Rest of MEA: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 47.       Rest of MEA: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 48.       SAM: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 49.       SAM: E-Invoicing Market, by End-User– Revenue and Forecast to 2027 (US$ Million)

Table 50.       Brazil: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 51.       Brazil: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 52.       Argentina: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 53.       Argentina: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 54.       Rest of SAM: E-Invoicing Market, by Deployment Model – Revenue and Forecast to 2027 (US$ Million)

Table 55.       Rest of SAM: E-Invoicing Market, by End-User – Revenue and Forecast to 2027 (US$ Million)

Table 56.       List of Abbreviation

 

LIST OF FIGURES

Figure 1.        E-Invoicing Market Segmentation

Figure 2.        E-Invoicing Market Segmentation – By Geography

Figure 3.        Global E-Invoicing Market Overview

Figure 4.        B2C Segment Held the Largest Share During Forecast Period

Figure 5.        Cloud Deployment Model to Show Remarkable Growth

Figure 6.        APAC to Show Great Traction During Forecast Period

Figure 7.        Global E-Invoicing Market, Industry Landscape

Figure 8.        Global E-Invoicing Market, Geography Analysis

Figure 9.        North America: PEST Analysis

Figure 10.      Europe: PEST Analysis

Figure 11.      APAC: PEST Analysis

Figure 12.      MEA: PEST Analysis

Figure 13.      SAM: PEST Analysis

Figure 14.      Ecosystem Analysis

Figure 15.      Expert Opinion

Figure 16.      E-Invoicing Market Impact Analysis of Drivers and Restraints

Figure 17.      Geographic Overview of E-Invoicing Market

Figure 18.      E-Invoicing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 19.      E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)

Figure 20.      On-Premise: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.      Cloud: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.      E-Invoicing Market Breakdown, by End-User (2019 and 2027)

Figure 23.      B2B Market Revenue and Forecast to 2027(US$ Million)

Figure 24.      B2C Market Revenue and Forecast to 2027(US$ Million)

Figure 25.      Others Market Revenue and Forecast to 2027(US$ Mn)

Figure 26.      E-Invoicing Market Revenue Share, by Region (2019 and 2027)

Figure 27.      North America: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.      North America: E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)

Figure 29.      North America: E-Invoicing Market Revenue Share, by End-User (2019 and 2027)

Figure 30.      North America: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027)

Figure 31.      US: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.      Canada: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.      Mexico: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.      Europe: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.      Europe: E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)

Figure 36.      Europe: E-Invoicing Market Revenue Share, by End-User (2019 and 2027)

Figure 37.      Europe: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027)

Figure 38.      Germany: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 39.      France: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40.      Italy: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41.      UK: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 42.      Russia: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 43.      Rest of Europe: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 44.      APAC: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 45.      APAC: E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)

Figure 46.      APAC: E-Invoicing Market Revenue Share, by End-User (2019 and 2027)

Figure 47.      APAC: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027)

Figure 48.      Australia: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49.      China: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50.      India: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 51.      Japan: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52.      South Korea: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 53.      Rest of APAC: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 54.      MEA: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 55.      MEA: E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)

Figure 56.      MEA: E-Invoicing Market Revenue Share, by End-User (2019 and 2027)

Figure 57.      MEA: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027)

Figure 58.      South Africa: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 59.      Saudi Arabia: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.      UAE: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 61.      Rest of MEA: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 62.      SAM: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 63.      SAM: E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)

Figure 64.      SAM: E-Invoicing Market Revenue Share, by End-User (2019 and 2027)

Figure 65.      SAM: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027)

Figure 66.      Brazil: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 67.      Argentina: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 68.      Rest of SAM: E-Invoicing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 69.      Impact of COVID-19 Pandemic in North American Country Markets

Figure 70.      Impact of COVID-19 Pandemic in Europe Country Markets

Figure 71.      Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 72.      Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 73.      Impact of COVID-19 Pandemic in South America Country Markets

 

The List of companies - E-invoicing Market

  1. Basware Corporation
  2. Cegedim SA
  3. Comarch SA
  4. Coupa Software Inc.
  5. IBM Corporation
  6. Nipendo Ltd.
  7.  SAP SE
  8. The Sage Group Plc
  9. Tradeshift
  10. Transcepta LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the globale-Invoicingmarket

  • Highlights key business priorities in order to assist companies to realign their business strategies

  • The key findings and recommendations highlight crucial progressive industry trends in the globale-Invoicingmarket, thereby allowing players across the value chain to develop effective long-term strategies

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

  • Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

The SAM region led the E-invoicing market in 2019. The SAM region is one of the most advanced regions in terms of adoption and implementation of e-invoicing. E-invoicing has become prevalent in SAM countries to improve the overall fiscal control and to reduce high tax evasion rates. In countries such as Brazil, Chile, and Guatemala, e-invoicing is used for almost all the economic and business transactions.

The digital technologies are transforming industries worldwide and revolutionizing the business processes for enhanced operational efficiency and reduced costs. Both large and small enterprises are investing in various digital technologies such as web apps, cloud computing, artificial intelligence, internet of things, predictive analytics, and big data among many others.Therefore, the growing digitization across various industries is driving the growth of e-invoicing market across globe.

The B2C segmentis the leading end-user in the market. B2C (Business to Customer) include businesses that sells products and services directly to the end-customers. The increasing population, rising disposable incomes, changing consumer behavior, and increasing trend of e-commerce are some of the key driving factors that are driving the growth of B2C transactions worldwide. Owing to large number of transactions on daily basis, this segment generates a substantial number of invoices in comparison to B2B and B2G segments. Cost savings, transaction transparency, regulatory compliance, and reduced tax evasion incidences are some of the key factors which are fueling the adoption of B2C e-invoicing in various countries.

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