Market Overview:
The global electronic invoicing (e-Invoicing) 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 various factors such as the increasing demand for paperless transactions, growing need for cost-effective and efficient billing processes, and rising adoption of e-Invoicing among small and medium businesses (SMBs). Based on type, the global electronic invoicing (e-Invoicing) market can be segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period. This can be attributed to the growing preference for cloud solutions among businesses due to their ease of use and low implementation costs. Based on application, the global electronic invoicing (e -Invoicing) market can be divided into BFSI, IT and telecommunications, retail and ecommerce, government, energyand utilities,, others).
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Product Definition:
e-Invoicing is the electronic exchange of invoices between businesses. e-Invoicing can save businesses time and money by streamlining the invoice process. e-Invoicing is important because it can help businesses reduce costs, improve cash flow, and automate the invoice process.
Cloud-based:
Cloud-based is a model of delivering software as a service (SaaS) which involves storing data on remote servers instead of the user's computer. The SaaS application is accessed through the internet and can be used across multiple devices connected to the internet. Cloud-based services are gaining popularity due to their cost effectiveness, ease of use, flexibility and safety features.
On-premises:
On-premises is a term used for the software and hardware systems installed at the customer's site. It may also include cloud-based solutions, however, it refers to the physical presence of an end user where all services are provided through local servers connected to a network.
Application Insights:
The retail and e-commerce segment accounted for the largest market share in 2017. The growth of this segment is attributed to the increasing use of e-invoicing solutions by online retailers to generate bills, which are automatically paid through electronic banking channels. Furthermore, growing penetration of smartphones and Internet connectivity has enabled consumers to pay electronically via mobile payments or online payment methods such as PayPal. This trend is expected to drive demand over the forecast period.
The BFSI sector is anticipated to register a significant growth rate over the forecast period owing to various advantages offered by e-invoicing solutions including ease of use, efficiency in invoicing and payment processing, cost reduction, etc., These advantages are likelyto influence large organizations adopting these systems resulting in increased market penetration across all regions during future years.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of small and medium enterprises (SMEs) in the region, which prefer e-invoicing over other modes owing to lesser costs associated with it. Additionally, an increasing number of SMEs opting for cloud-based e-invoicing solutions is further expected to drive demand for these systems in this region.
Asia Pacific is anticipated to emerge as the fastest growing regional market from 2018 to 2030 due its developing economy and increased adoption of advanced technologies such as cloud computing and digitalization across various industries. Furthermore, government initiatives encouraging financial institutions for offering new services through mobile banking are expected drive demand over next eight years.
Growth Factors:
- Increased demand for automation and efficiency in invoice processing
- Government initiatives to promote e-Invoicing for cost savings and process improvement
- The need to manage supplier risk through improved visibility into supplier payment behavior
- The growth of cloud-based solutions that make it easier for businesses of all sizes to adopt e-Invoicing
- The increasing use of mobile devices for invoicing, which makes it easier for businesses to send and receive invoices wherever they are
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Invoicing (e-Invoicing) Market Research Report
By Type
Cloud-based, On-premises
By Application
BFSI, IT and Telecommunications, Retail and e-commerce, Government, Energy and Utilities, Others
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Invoicing (e-Invoicing) Market Report Segments:
The global Electronic Invoicing (e-Invoicing) 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
BFSI, IT and Telecommunications, Retail and e-commerce, Government, Energy and Utilities, Others
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
 Market Overview.svg)
Highlights of The Electronic Invoicing (e-Invoicing) 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:
- BFSI
- IT and Telecommunications
- Retail and e-commerce
- Government
- Energy and Utilities
- Others
- 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 Electronic Invoicing (e-Invoicing) 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?
Electronic invoicing is a process where businesses send electronic bills or statements to customers. This allows customers to receive payments electronically, which can reduce the number of checks that need to be processed and saved in the mail. Additionally, it can help businesses track their expenses more easily and keep better records of their financial transactions.
Some of the key players operating in the electronic invoicing (e-invoicing) 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 electronic invoicing (e-invoicing) market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Size & Forecast, 2018-2028
4.5.1 Electronic Invoicing (e-Invoicing) Market Size and Y-o-Y Growth
4.5.2 Electronic Invoicing (e-Invoicing) Market Absolute $ Opportunity
Chapter 5 Global Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 IT and Telecommunications
6.2.3 Retail and e-commerce
6.2.4 Government
6.2.5 Energy and Utilities
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 IT and Telecommunications
9.10.3 Retail and e-commerce
9.10.4 Government
9.10.5 Energy and Utilities
9.10.6 Others
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 Electronic Invoicing (e-Invoicing) Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 IT and Telecommunications
10.10.3 Retail and e-commerce
10.10.4 Government
10.10.5 Energy and Utilities
10.10.6 Others
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 Electronic Invoicing (e-Invoicing) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 IT and Telecommunications
11.10.3 Retail and e-commerce
11.10.4 Government
11.10.5 Energy and Utilities
11.10.6 Others
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 Electronic Invoicing (e-Invoicing) Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) 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 Electronic Invoicing (e-Invoicing) Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 IT and Telecommunications
12.10.3 Retail and e-commerce
12.10.4 Government
12.10.5 Energy and Utilities
12.10.6 Others
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) Electronic Invoicing (e-Invoicing) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Invoicing (e-Invoicing) 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) Electronic Invoicing (e-Invoicing) 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) Electronic Invoicing (e-Invoicing) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 IT and Telecommunications
13.10.3 Retail and e-commerce
13.10.4 Government
13.10.5 Energy and Utilities
13.10.6 Others
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 Electronic Invoicing (e-Invoicing) Market: Competitive Dashboard
14.2 Global Electronic Invoicing (e-Invoicing) 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
