E-Invoicing Market: Key Drivers and Growth Opportunities (2023-2029)

E-Invoicing Market was valued at US$ 10.54 Bn. in 2022. The Global E-Invoicing Market size is estimated to grow at a CAGR of 20.4 % over the forecast period.

 

E-Invoicing  Market Overview:

The E-Invoicing  Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the E-Invoicing  Market, as well as the causes for variances in the industry’s growth in various places.

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E-Invoicing  Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

E-Invoicing  Market Drivers:

Significant growth in the e-commerce industry is one of the key factors creating a positive outlook for the market. In addition, widespread adoption of advanced information technology (IT) solutions across the banking, financial services and insurance (BFSI), energy, telecommunications, and retail enterprises, is likewise driving the market development. In accordance with this, item sellers are likewise offering adaptable e-invoicing solutions to support the frequently changing operational patterns.

Different mechanical headways, for example, the improvement of web and programming-based invoicing applications that can be incorporated with the cloud, artificial intelligence (AI), Internet of Things (IoT), and predictive analytics tools, are contributing to the market growth. However, the threat of cyber-attacks, as well as data privacy, are the major challenges faced by this market.

Complications while Integrating ERP Systems, Cancellation and Amendment Policies of e-invoicing, Ineligibility of e-invoicing of B2C transactions, non–Bifurcation of B2B and B2C invoices, System Security Issue, Complications in Reconciliation of E-invoice data, Distinct workflow to process documents other than B2B and Export invoices are some of the major challenges faced by the E-Invoicing Market.

E-Invoicing  Market Segmentation:

by Type

• Cloud-based
• On-Premises

by End User

• Finance
• FMCG
• Energy
• Others

by Channel

• B2B
• B2C
• Others

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E-Invoicing Market Key Players: The key players are

• Comarch
• IBM
• Zoho Corporation Pvt. Ltd.
• Xero
• Intuit
• Brightpearl
• Sage Group
• FinancialForce
• Tipalti Solutions Ltd.
• PaySimple
• Acclivity Group LLC
• KashFlow Software
• Araize, Inc.
• Mercury Systems, Inc.
• Norming Software
• YAT Software
• SAP
• FreshBooks
• Ipayables
• Coupa Software Inc.,
• Zervant
• Basware

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the E-Invoicing   market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the E-Invoicing  Market Report are:

  • Which sub-segment had the largest share in the E-Invoicing   market?
  • How is the competitive landscape of the E-Invoicing   market in 2023?
  • Which are the key drivers impacting the E-Invoicing   market growth?
  • Which region holds the maximum share in the E-Invoicing   market?
  • What will be the CAGR of the E-Invoicing   market during the forecast period (2023-2029)?

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