E-Invoicing Market

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E-Invoicing Market

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The global demand for E-Invoicing Market was valued at US$ 6.77 billion in 2020 and is expected to experience a growth rate of 21.6 % from 2021 to 2028. E-invoicing is an electronic billing system that refers to electronic invoice interchange between the buyers and suppliers. It is issued, transmitted, received, processed, and stored digitally in a specific format which was prone to human error when it was done manually on the paper-based system. It is conducted using mobile phones, laptops, and tablets which includes order history, debit, and credit records, and payment vouchers. It can be installed through the cloud and on-premises solutions which improves the tracking the transactions and reduces delayed payment and fast invoice processing. – PowerPoint PPT presentation

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Title: E-Invoicing Market

1
E-Invoicing Market
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2
E-Invoicing Market Global Scenario, Market Size,
Outlook, Trend, and Forecast, 2019 2028

The global demand for E-Invoicing Market was
valued at US 6.77 billion in 2020 and is
expected to experience a growth rate of 21.6
from 2021 to 2028. E-invoicing is an electronic
billing system that refers to electronic invoice
interchange between the buyers and suppliers. It
is issued, transmitted, received, processed, and
stored digitally in a specific format which was
prone to human error when it was done manually on
the paper-based system. It is conducted using
mobile phones, laptops, and tablets which
includes order history, debit, and credit
records, and payment vouchers. It can be
installed through the cloud and on-premises
solutions which improves the tracking the
transactions and reduces delayed payment and fast
invoice processing.

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Accurize Market Research
3
Market Dynamics

Substantial growth in the e-commerce industry led
to the growth of the e-invoicing market rapidly.
The introduction of cloud computing acts as a key
driving factor for the e-invoicing market.
Therefore, the need for faster payment and
enhanced account reconciliation are the main
factors anticipated to catalyze the growing
demand for e-invoicing during the forecast
period. E-invoicing allows faster payment and
improved cash flow keeps better account
settlement, saves money, fewer disputes and
rejected invoices increases productivity and
automation. Moreover, E-invoicing controls fraud
in trade finance and supply chain financing,
which was earlier dependent on manual processes
and paper invoices. In addition, improved IT
system optimization, tax evasion, and financial
fraud between the government organizations and
tax authorities are also projected to be an
opportunity factor for the e-invoicing market
during the forecast period.
The global E-invoicing market is segmented on the
basis of deployment type, end-user, and region.
By deployment type, it is categorized into cloud
and on-premises. On the basis of end-user, it is
categorized into B2C, B2B, and others.
Furthermore, on the basis of region, it is
categorized into North America (US Canada),
Europe (Germany, France, UK, Italy, Spain,
Russia, Rest of Europe), Asia Pacific (China,
Japan, India, South Korea Rest of Asia Pacific)
and Rest of World (Latin America (Brazil,
Mexico), Middle East Africa (South Africa,
GGC)).
Key major players in the E-invoicing market
are Basware Corporation, Nipendo Ltd., Cegedim
SA, Comarch SA, IBM Corporation, SAP SE, The Sage
Group Plc, Tradeshift, Transcepta LLC, and Coupa
Software Inc. among others.

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Global E-Invoicing Market Segmentation and Scope

Global E-Invoicing Market is segmented on the
basis of deployment type, end- user and region as
mentioned below
By Deployment Type
Cloud
On- premises
By End-user
B2B
B2C
Others
By Region
North America
U.S.
Canada
Rest of North America
Europe
Germany
France
U.K.
Italy