Report Scope & Overview:
E-Invoicing Market size was valued at USD 10.92 Bn in 2022 and is expected to reach USD 46.68 Bn by 2030, and grow at a CAGR of 19.91% over the forecast period 2023-2030.
When products and services are exchanged, electronic invoicing, also known as e-invoicing, refers to the creation of electronic bills using a digital platform. Purchase orders, debit and credit notes, and remittance vouchers that detail the terms and conditions of the payment are typically used, along with other smart devices like mobile phones, computers, and tablets. E-invoicing may be implemented using both cloud-based and on-premises systems, which have a number of additional advantages, including increased data quality and invoice accuracy, a decrease in cases of payment delays, and quicker and more transparent invoice processing. In addition to this, it facilitates easy transaction tracking and lowers system design, customization, implementation, training, and maintenance costs.
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In May 2022, an international supplier of corporate software goods and services is Rimini Street. Delivers to Lwart its SAP support services, enabling regulatory compliance, new payment methods, and electronic invoicing. In order to manage Brazilian tax obligations and support the implementation of innovative mobile payment and electronic invoicing systems, Lwart additionally benefits from the Company's tax, legal, and regulatory services.
MARKET DYNAMICS:
KEY DRIVERS:
Problems reconciling data from electronic invoices, a security issue in the system
different processes for handling papers besides B2B and export invoices
RESTRAINTS:
Problems reconciling data from electronic invoices, a security issue in the system.
different processes for handling papers besides B2B and export invoices.
OPPORTUNITY:
The development of programming- and web-based invoicing programs that can be integrated with cloud, artificial intelligence, the Internet of Things, and predictive analytics technologies.
public and private cloud computing development.
increasing use of blockchain technology to improve security.
IMPACT OF COVID-19:
The COVID-19 epidemic started in Wuhan in December 2019, and since then, global manufacturing closures, travel restrictions, and border lockdowns have had an impact on every sector of the global economy. One of the main industries affected significantly by this pandemic is the technology, media, and communications industry. Cancellations of technology conferences and industry meetings, closures of factories and offices, and decreased commercial activity are a few of the sector's most significant repercussions. The COVID-19 pandemic's quick emergence has resulted in a substantial movement away from brick-and-mortar distribution channels and toward e-commerce platforms, which is increasing the use of e-invoicing systems.
MARKET ESTIMATION:
The E-Invoicing Market is divided into cloud-based and on-premises segments depending on the type. Due to its cheap ownership costs and ability to help with time management, the cloud-based category is predicted to see the highest growth rate throughout the projection period. Additionally, cloud technology aids providers in connecting customers and suppliers with electronic invoicing.
The E-Invoicing Market is divided into the finance, energy, FMCG, and other end-user segments. In 2021, the finance sector held the biggest market share. The better money the board framework, effective question handling, and alternative financial choices are credited for the segmental increase during the predicted year.
KEY SEGMENTS:
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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REGIONAL ANALYSIS:
The main driver of the e-invoicing market's expansion in Latin America is anticipated to be a better adoption of the technology across a number of nations. The expansion of the E-invoicing market in Latin America is also anticipated to be fueled by the high penetration of fiscal document interchange in the e-format. Chile and Brazil are two nations that are expected to have the most impact on the expansion of the E-invoicing sector in Latin America.
Due to an increase in the number of e-invoices, North America may also experience rapid development in the e-invoicing industry in the future. The total E-invoicing market in North America could expand as a result of increased acceptance of electronic transactions between trade partners. Due to a rise in the use of cloud platforms for billing operations, Asia Pacific is also predicted to have rapid development in the E-invoicing industry. The E-invoicing market in the Asia Pacific is anticipated to expand most rapidly in China.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The major key players are Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, Nipendo Ltd., SAP SE, The Sage Group plc, Tradeshift., Transcepta LLC
| Report Attributes | Details |
| Market Size in 2022 | US$ 10.92 Bn |
| Market Size by 2030 | US$ 46.68 Bn |
| CAGR | CAGR of 19.91% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Channel (B2B, B2C, Others) • By Deployment Type (Cloud-based and On-premises) • By Application (Energy and Utilities, FMCG, E-Commerce, BFSI, Government, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, Nipendo Ltd., SAP SE, The Sage Group plc, Tradeshift., Transcepta LLC |
| Key Drivers | • Problems reconciling data from electronic invoices, a security issue in the system • different processes for handling papers besides B2B and export invoices |
| Market Challenges | • public and private cloud computing development • increasing use of blockchain technology to improve security |
Ans: - The E-Invoicing market size was valued at USD 9.11 Bn in 2021.
Ans: - Problems reconciling data from electronic invoices, a security issue in the system and different processes for handling papers besides B2B and export invoices.
Ans: - The segments covered in the E-Invoicing Market report for study are On the Basis of Channel, Deployment Type, Application.
Ans: - The major key players are Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, Nipendo Ltd., SAP SE, The Sage Group plc, Tradeshift., Transcepta LLC.
Ans: - The study includes a comprehensive analysis of E-Invoicing Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. E-Invoicing Market Segmentation, by Channel
8.1 B2B
8.2 B2C
8.3 Others
9. E-Invoicing Market Segmentation, by Deployment Type
9.1 Cloud-based
9.2 On-premises
10. E-Invoicing Market Segmentation, by Application
10.1 Energy and Utilities
10.2 FMCG
10.3 E-Commerce
10.4 BFSI
10.5 Government
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Basware Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cegedim SA
12.3 Comarch SA
12.4 Coupa Software Inc.
12.5 IBM Corporation
12.6 Nipendo Ltd.
12.7 SAP SE
12.8 The Sage Group plc
12.9 Tradeshift
12.10 Transcepta LLC
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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