E-Invoicing Market Scope 2023:
The E-invoicing Market has been rapidly growing due to the increasing demand for digitization and automation in business processes. E-invoicing refers to the process of creating, sending, and receiving invoices electronically instead of traditional paper-based methods. It offers several benefits such as faster processing times, reduced errors, and improved efficiency in the billing process. Moreover, with the increasing emphasis on sustainability, e-invoicing also helps to reduce paper usage and promote eco-friendliness. The market is expected to witness further growth in the coming years, with the emergence of technologies such as cloud computing and artificial intelligence. Furthermore, the implementation of government regulations mandating e-invoicing in certain countries is also expected to drive market growth.
One of the key drivers of the E-invoicing market is the growing adoption of cloud-based solutions. Cloud-based e-invoicing solutions offer several benefits such as lower IT infrastructure costs, easier scalability, and improved accessibility. Furthermore, cloud-based solutions also offer greater security and reliability, as they are backed up by redundant data centers and employ advanced security measures to protect sensitive data. The market is also witnessing the emergence of artificial intelligence and machine learning technologies, which are being used to automate invoice processing and improve accuracy. The use of these technologies is expected to reduce manual intervention and errors in the invoicing process, leading to further efficiency gains. With the increasing adoption of digitization and automation, the e-invoicing market is poised for significant growth in the coming years, providing businesses with a faster, more efficient, and eco-friendly alternative to traditional paper-based invoicing.
“According to SNS insider, The E-Invoicing Market Size is estimated at US$ 10.92 billion in 2022, and is expected to reach US$ 46.68 billion by 2030, with a growing healthy CAGR of 19.91% over the forecast period 2023-2030.”
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The E-Invoicing market research report displays data and statistics using charts, graphs, pie diagrams, and other graphics. Readers of the market research report will have a thorough understanding of the market. The study’s primary goal is to provide readers with a better understanding of the market in terms of definition, market segmentation, and potential, as well as major trends and difficulties that developed and emerging countries must face.
Statistics and market data were gathered from reliable sources such as websites, annual reports, newspapers, and other publications before being evaluated and validated by industry experts. After careful examination and analysis, experts conduct E-Invoicing market research.
Major Key Players Analysis are covered in E-Invoicing Market Report are listed below:
- Basware Corporation
- Cegedim SA
- Comarch SA
- Coupa Software Inc.
- IBM Corporation
- Nipendo Ltd.
- SAP SE
- The Sage Group Plc
- Tradeshift
- Transcepta LLC
E-Invoicing Market Segmentation Analysis 2023
The research report contains data on E-Invoicing market regions and countries. Estimates are made for sales volume, production, use, imports, and exports. Product type, application, end-use, and geography are the four market segments. This research investigates each of the key segments as well as each of its sub-segments in order to gain a comprehensive understanding of the market.
Major Segments and Sub-Segment of E-Invoicing Market are Listed Below:
On The Basis of Channel
- B2B
- B2C
- Others
On The Basis of Deployment Type
- Cloud-based
- On-premises
On The Basis of Application
- Energy and Utilities
- FMCG
- E-Commerce
- BFSI
- Government
- Others
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In this study, the years considered to estimate the market size of E-Invoicing are as follows:
- History Year: 2019-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Year 2023 to 2030
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
Covid-19 Impact Analysis
In light of the impact of COVID-19 on the E-Invoicing market, the current research report includes market statistics, industry assessments, forecasts, and projections. This information may be useful to market participants who are preparing for pandemic-like events. The research examines COVID-19 in depth, as well as major government interventions, changes in consumer demand and behavior, purchasing patterns, supply chain redirection, and current market dynamics.
Regional Outlook
Based on regional analysis, the E-Invoicing market can be divided into five primary geographical areas: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. This market research report includes estimates as well as a thorough analysis of each regional market.
Competitive Analysis
The market research report delves deeply into the companies involved in the E-Invoicing market, such as raw material suppliers, equipment suppliers, end users, traders, and distributors. Production, cost, gross margin, sales volume, sales, consumption, growth rates, imports, exports, supply, future strategies, and technological advancements are all covered in the report.
Key Reasons to Buy E-Invoicing Market Report
- Recognize market driving and restraining forces, as well as their impact on the global market during the forecast period.
- Examine manufacturing processes, significant obstacles, and development risk mitigation strategies using market research.
- Most successful strategies implemented by the leading players to take a lead in the competitive market.
Conclusion
The E-Invoicing market research report will assist readers in understanding the strategies used by successful businesses to survive in the industry.
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- E-Invoicing Market Segmentation, By Channel
- E-Invoicing Market Segmentation, By Deployment Type
- E-Invoicing Market Segmentation, By Application
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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