Market Overview:
The global billing and invoice system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of cloud-based solutions, growing demand for mobile-based billing and invoice systems, and rising need for automation in businesses. The global billing and invoice system market is segmented on the basis of type into web-based and mobile-based systems. The web-based segment is expected to hold a larger share of the market during the forecast period owing to its low cost and easy implementation compared with mobile-based systems. However, the mobile- based segment is projected to grow at a higher CAGR during the forecast period as it offers several advantages such as mobility, real time access, enhanced security features, etc., over web - based systems.
Product Definition:
A billing and invoice system is a computerized system used to generate invoices and manage billing. The system typically includes a database of customers, items, and prices. It may also include features such as order tracking, inventory management, and customer relationship management (CRM).
The importance of a billing and invoice system is that it enables businesses to track payments owed and receivable, as well as keep an accurate count of their inventory. Additionally, the system can help businesses manage their customer relationships by providing customer history information (e.g.
Web-Based:
The web-based billing and invoice system is a software-as-a-service (SaaS) based solution that helps businesses to manage their customer engagement across the entire customer lifecycle. The solution enables enterprises to create, send, track & process invoices; make payments; and apply discounts on selected items all through a web browser. It also helps in managing inventory among retailers as well as manufacturers.
Moblie-Based:
The global mobile-based and it's usage in billing & invoice system market size was valued at USD 2,500.0 million in 2015. The increasing penetration of smartphones is expected to drive the growth over the forecast period. The mobility of customers and ease of access to their data has been driving the demand for these services across various industries such as BFSI, telecom, retail among others.
North America mobile-based.
Application Insights:
The small business segment held the largest share of over 60.0% in 2017. The growth is attributed to factors such as ease of use, flexible structure, and low cost involved in setting up a BBIS system for small businesses. In addition, an increasing number of SMBs adopting online payment options such as PayPal or Square Cash to reduce their exposure to cyber-attacks is expected to drive the market growth over the forecast period.
Medium-sized business (MBS) application segment is expected register significant growth during the forecast period owing to features such as multi-user capability, advanced security features including user authentication and data encryption provided by modern billing & invoice systems. Furthermore, growing MBS industry across regions due rising demand from medium sized businesses with more complex IT infrastructures will further boost market penetration over the next few years.
Regional Analysis:
North America dominated the global billing and invoice system market in 2017. The growth of the region can be attributed to presence of a large number of small, medium, and large businesses. Furthermore, high adoption rate for new technologies in U.S., Canada, and Mexico is expected to drive regional market over the forecast period.
The Middle East & Africa (MEA) region has been witnessing tremendous development due to increase government support towards modernization initiatives coupled with rising investments by foreign companies especially from U.S.
Growth Factors:
- Increasing demand for automation in billing and invoice system to manage the growing complexity of business operations.
- Proliferation of cloud-based solutions that offer anytime, anywhere access to billing and invoicing data from any device.
- The need for businesses to reduce costs and improve efficiency, which has led to an increase in the adoption of automated billing and invoice systems.
- Rising demand from small businesses for affordable, easy-to-use invoicing software that can help them manage their finances more effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Billing & Invoice System Market Research Report
By Type
Web-Based, Moblie-Based
By Application
Small Business, Medium-sized Business, Large Business
By Companies
FreshBooks, Zoho Invoice, TimeCamp, PaidYET, Everhour, SlickPie, Hiveage, TopNotepad, Dynamics 365, Blinksale
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Billing & Invoice System Market Report Segments:
The global Billing & Invoice System market is segmented on the basis of:
Types
Web-Based, Moblie-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Business, Medium-sized Business, Large Business
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FreshBooks
- Zoho Invoice
- TimeCamp
- PaidYET
- Everhour
- SlickPie
- Hiveage
- TopNotepad
- Dynamics 365
- Blinksale
Highlights of The Billing & Invoice System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Web-Based
- Moblie-Based
- By Application:
- Small Business
- Medium-sized Business
- Large Business
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Billing & Invoice System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A billing and invoice system is a computerized system used to manage the billing and invoicing process for customers or clients. This system allows businesses to track customer activity, generate invoices, and send payments to their customers.
Some of the major companies in the billing & invoice system market are FreshBooks, Zoho Invoice, TimeCamp, PaidYET, Everhour, SlickPie, Hiveage, TopNotepad, Dynamics 365, Blinksale.
The billing & invoice system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Billing & Invoice System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Billing & Invoice System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Billing & Invoice System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Billing & Invoice System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Billing & Invoice System Market Size & Forecast, 2018-2028
4.5.1 Billing & Invoice System Market Size and Y-o-Y Growth
4.5.2 Billing & Invoice System Market Absolute $ Opportunity
Chapter 5 Global Billing & Invoice System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Billing & Invoice System Market Size Forecast by Type
5.2.1 Web-Based
5.2.2 Moblie-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Billing & Invoice System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Billing & Invoice System Market Size Forecast by Applications
6.2.1 Small Business
6.2.2 Medium-sized Business
6.2.3 Large Business
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Billing & Invoice System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Billing & Invoice System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Billing & Invoice System Analysis and Forecast
9.1 Introduction
9.2 North America Billing & Invoice System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Billing & Invoice System Market Size Forecast by Type
9.6.1 Web-Based
9.6.2 Moblie-Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Billing & Invoice System Market Size Forecast by Applications
9.10.1 Small Business
9.10.2 Medium-sized Business
9.10.3 Large Business
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Billing & Invoice System Analysis and Forecast
10.1 Introduction
10.2 Europe Billing & Invoice System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Billing & Invoice System Market Size Forecast by Type
10.6.1 Web-Based
10.6.2 Moblie-Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Billing & Invoice System Market Size Forecast by Applications
10.10.1 Small Business
10.10.2 Medium-sized Business
10.10.3 Large Business
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Billing & Invoice System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Billing & Invoice System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Billing & Invoice System Market Size Forecast by Type
11.6.1 Web-Based
11.6.2 Moblie-Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Billing & Invoice System Market Size Forecast by Applications
11.10.1 Small Business
11.10.2 Medium-sized Business
11.10.3 Large Business
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Billing & Invoice System Analysis and Forecast
12.1 Introduction
12.2 Latin America Billing & Invoice System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Billing & Invoice System Market Size Forecast by Type
12.6.1 Web-Based
12.6.2 Moblie-Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Billing & Invoice System Market Size Forecast by Applications
12.10.1 Small Business
12.10.2 Medium-sized Business
12.10.3 Large Business
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Billing & Invoice System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Billing & Invoice System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Billing & Invoice System Market Size Forecast by Type
13.6.1 Web-Based
13.6.2 Moblie-Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Billing & Invoice System Market Size Forecast by Applications
13.10.1 Small Business
13.10.2 Medium-sized Business
13.10.3 Large Business
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Billing & Invoice System Market: Competitive Dashboard
14.2 Global Billing & Invoice System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FreshBooks
14.3.2 Zoho Invoice
14.3.3 TimeCamp
14.3.4 PaidYET
14.3.5 Everhour
14.3.6 SlickPie
14.3.7 Hiveage
14.3.8 TopNotepad
14.3.9 Dynamics 365
14.3.10 Blinksale
