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Report Scope & Overview:

The 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.

E-Invoicing Market Revenue Analysis

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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

E-Invoicing Market Segmentation Analysis

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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

Comarch SA - Company Financial Analysis

E-Invoicing Market Report Scope:
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

Frequently Asked Questions

Ans: - The E-Invoicing market size was valued at USD 10.92 Bn in 2022.

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 E-Invoicing Market is growing at a CAGR of 19.91% during the forecast period 2023-2030.

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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Secondary Research

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Primary Research

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Data Bank Validation

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