Market Overview:
The global e-invoicing software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing adoption of e-invoicing by businesses across different industries and regions. The cloud-based segment is expected to grow at a higher CAGR as compared to the on-premises segment during the forecast period. This can be attributed to the growing demand for cloud-based solutions due to their ease of use and low cost of ownership. The finance sector is expected to account for the largest share in terms of revenue in 2018, followed by energy and FMCG sectors respectively.
Product Definition:
E-invoicing software is a type of software that helps businesses to send and receive invoices electronically. This type of software can help businesses to save time and money by automating the process of sending and receiving invoices. It can also help to reduce the amount of paper that is used in the invoice process.
Cloud-Based:
Cloud-based software is a type of software service model that provides shared computer processing and storage facilities. It uses internet connectivity to share information across multiple computers and devices connected through the network. The technology enables organizations to bill customers without maintaining an infrastructure for supporting the system or a workforce to operate it.
On-premises:
On-premises software is a type of cloud computing software that involves using dedicated hardware, such as servers and storage devices, to store data. The information is stored on the physical device and can be accessed by authorized personnel only. On-premises solutions offer data security as all sensitive documents are stored internally in an encrypted format. Furthermore, these solutions provide high document accuracy due to integrated scanning capabilities withOCR (Optical Character Recognition).
Application Insights:
The others application segment includes retail, consumer goods, telecom and IT, media and entertainment. The segment accounted for a major share in the global e-invoicing software market in 2017 owing to the rising adoption of these solutions by various industries including FMCG (fast-moving consumer goods), telecom & IT, media & entertainment.
The energy sector is expected to emerge as one of the fastest-growing segments over the forecast period on account of increasing demand for electricity from industrial sectors such as manufacturing and construction. In addition, growing concerns regarding supply chain management coupled with improved transparency are anticipated to drive industry growth over the coming years.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to the presence of a large number of small and medium enterprises in this region. These enterprises are increasingly adopting e-invoicing solutions owing to their benefits such as reduced paper usage, improved accounting accuracy, and reduction in errors & omissions (E&O). Moreover, with government support for digitalization initiatives coupled with favorable regulations aimed at reducing carbon footprint is expected drive regional demand over the forecast period.
North America accounted for more than 25% share in 2017 owing to early adoption by businesses operating across multiple industries including retail, manufacturing, healthcare & life sciences among others. Furthermore, growing use cases such as real estate transactions are further propelling market growth across this region.
Growth Factors:
- Increasing demand for automation in invoice processing to reduce administrative costs and improve efficiency
- Rising need to manage supplier relationships and procure goods and services more strategically
- Growing number of businesses implementing cloud-based solutions, which enables anytime, anywhere access to invoicing data
- Proliferation of mobile devices that can be used for creating or approving invoices on the go
- Emergence of new technologies such as blockchain that could provide opportunities for e-invoicing providers
Scope Of The Report
Report Attributes
Report Details
Report Title
E-invoicing Software Market Research Report
By Type
Cloud-Based, On-premises
By Application
Energy, FMCG, Express Service, Finance, E-Commerce, Other
By Companies
Freshbooks, Zoho, Xero, Intuit, Brightpearl, Sage, FinancialForce, Tipalti, PaySimple, Acclivity Group, KashFlow Software, Araize, Micronetics, Norming Software, Yat Software, SAP, iPayables, Coupa, Zervant
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global E-invoicing Software Market Report Segments:
The global E-invoicing Software market is segmented on the basis of:
Types
Cloud-Based, On-premises
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
Energy, FMCG, Express Service, Finance, E-Commerce, Other
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
- Xero
- Intuit
- Brightpearl
- Sage
- FinancialForce
- Tipalti
- PaySimple
- Acclivity Group
- KashFlow Software
- Araize
- Micronetics
- Norming Software
- Yat Software
- SAP
- iPayables
- Coupa
- Zervant
Highlights of The E-invoicing Software 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:
- Cloud-Based
- On-premises
- By Application:
- Energy
- FMCG
- Express Service
- Finance
- E-Commerce
- Other
- 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 E-invoicing Software 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.
How you may use our products:
- Correctly Positioning New Products
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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?
E-invoicing software is a computer program that helps businesses process and manage electronic invoices. It can automate the process of creating, sending, tracking, and receiving invoices. E-invoicing software can also help businesses manage their accounts receivable and inventory.
Some of the major companies in the e-invoicing software market are Freshbooks, Zoho, Xero, Intuit, Brightpearl, Sage, FinancialForce, Tipalti, PaySimple, Acclivity Group, KashFlow Software, Araize, Micronetics, Norming Software, Yat Software, SAP, iPayables, Coupa, Zervant.
The e-invoicing software market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 E-invoicing Software 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 E-invoicing Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 E-invoicing Software 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 E-invoicing Software 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 E-invoicing Software Market Size & Forecast, 2020-2028
4.5.1 E-invoicing Software Market Size and Y-o-Y Growth
4.5.2 E-invoicing Software Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Energy
6.2.2 FMCG
6.2.3 Express Service
6.2.4 Finance
6.2.5 E-Commerce
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global E-invoicing Software 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 E-invoicing Software 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-premises
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 Market Size Forecast by Applications
9.10.1 Energy
9.10.2 FMCG
9.10.3 Express Service
9.10.4 Finance
9.10.5 E-Commerce
9.10.6 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-premises
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 Market Size Forecast by Applications
10.10.1 Energy
10.10.2 FMCG
10.10.3 Express Service
10.10.4 Finance
10.10.5 E-Commerce
10.10.6 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-premises
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 Market Size Forecast by Applications
11.10.1 Energy
11.10.2 FMCG
11.10.3 Express Service
11.10.4 Finance
11.10.5 E-Commerce
11.10.6 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-premises
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 Market Size Forecast by Applications
12.10.1 Energy
12.10.2 FMCG
12.10.3 Express Service
12.10.4 Finance
12.10.5 E-Commerce
12.10.6 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-premises
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) Market Size Forecast by Applications
13.10.1 Energy
13.10.2 FMCG
13.10.3 Express Service
13.10.4 Finance
13.10.5 E-Commerce
13.10.6 Other
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 E-invoicing Software Market: Competitive Dashboard
14.2 Global E-invoicing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Freshbooks
14.3.2 Zoho
14.3.3 Xero
14.3.4 Intuit
14.3.5 Brightpearl
14.3.6 Sage
14.3.7 FinancialForce
14.3.8 Tipalti
14.3.9 PaySimple
14.3.10 Acclivity Group
14.3.11 KashFlow Software
14.3.12 Araize
14.3.13 Micronetics
14.3.14 Norming Software
14.3.15 Yat Software
14.3.16 SAP
14.3.17 iPayables
14.3.18 Coupa
14.3.19 Zervant
