E-Invoicing Market Industry Chain Information, Emerging Market Regions (2023-2031)

The global e-invoicing market size was US$ 5.1 billion in 2021. The global e-invoicing market is forecast to grow to US$ 15.6 billion by 2030 by registering a compound annual growth rate (CAGR) of 15.1% during the forecast period from 2022 to 2030.

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E-invoicing refers to the method of electronic exchange of invoices between buyers and suppliers. Many locations define e-invoicing differently, relying on the laws and sorts of businesses that operate in their respective nations. For the purposes of this analysis, electronic invoices are categorized as structured invoices with more than seven needed fields for supplier and buyer verification.

Factors Influencing the Market
The tremendously growing e-commerce sector will primarily drive the growth of the e-invoicing market during the study period. The broad integration of smart IT solutions in various industries, such as banking, financial services, and insurance (BFSI), energy, telecommunications, and retail industries, will create a positive outlook for the e-invoicing market during the study period. Apart from that, the flexible e-invoicing solutions delivered by product suppliers will also benefit the e-invoicing market during the analysis period.
The development of cloud-based invoicing web and software-based services, the Internet of Things (IoT), and predictive analytics is expected to reshape the landscape of various industries. Apart from that, the user base on e-commerce platforms is growing at a steep pace, which will bring lucrative growth opportunities for the market.
E-invoicing also reduces the chances of tax fraud. Thus, such advantages will bring untapped growth opportunities for the market during the study period. On the flip side, the high initial cost of e-invoicing may limit the growth of the market during the study period.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for e-invoicing increased as the e-commerce platform reached a peak in the user base. Several grocery delivery platforms are witnessing sharp growth since the beginning of the pandemic, which is expected to continue in the future. Apart from that, banking, retail, and other sectors are also adopting smart technologies in order to decline the rate of fraud. As a result, the COVID-19 pandemic is expected to have a long-term positive impact on the e-invoicing market even in the coming years.

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Regional Analysis
Europe held the largest share in the global e-invoicing market and is expected to remain dominant in terms of revenue during the forecast period. It is owing to the growing initiatives by governments that mandate the use of B2B and B2C e-invoicing procedures. Apart from that, rising digitalization and a growing user base on e-commerce websites are expected to have a long-term impact on the e-invoicing market.

Competitors in the Market
• Basware Corporation
• Transcepta LLC
• The Sage Group Plc
• Cegedim SA
• IBM Corporation
• Trade shift
• Coupa Software Inc.
• Comarch SA
• Nipendo Ltd.
• SAP SE
• Other Prominent Players

Market Segmentation
The global e-invoicing market segmentation focuses on End-Users, Deployment, and Region.
By End-User
• B2C
• B2B
• others

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By Deployment
• Cloud
• On-Premises
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific

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● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

Table of Content

Chapter 1: Global E-Invoicing Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global E-Invoicing market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global E-Invoicing Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global E-Invoicing market Size Forecast (2023-2031).

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This release was published on openPR.