E-invoicing Market by End-users and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR41123
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The e-invoicing market has the potential to grow by USD 15.49 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 28.34%.

This e-invoicing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (B2B and B2C) and geography (Europe, APAC, North America, South America, and MEA). The report also offers information on several market vendors, including Basware Corp., Cegedim SA, and Comarch SA, among others.

What will the E-invoicing Market Size be in 2021?

E-invoicing-Market-Market-Size-2020-2025

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E-invoicing Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The convenience and easy accessibility of mobile payment systems is notably driving the e-invoicing market growth, although factors such as threat of cyber-attacks and data privacy may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the e-invoicing industry get your FREE report sample now.

  • The convenience and easy accessibility of mobile payment systems are driving the adoption of e-invoicing solutions.
  • Mobile-based platforms and applications have simplified banking, commercial transactions, and billing payments.
  • Physical transactions such as closing and opening an account, fund transfers, deposits, and withdrawals are becoming digital and easy through mobile-based applications being provided by BFSI organizations.
  • To promote digital transactions and increase the penetration of banking services across the country, governments are significantly investing in financial institutions to encourage them to extend their mobile banking services in rural areas.
  • Initiatives from government and private organizations are promoting the use of mobile-based payment systems, thereby driving the growth in the global e-invoicing market.
  • BFSI, retail, and telecommunications are the key sectors that are increasingly adopting e-invoicing practices to shift from capital expenditure model to operational expenditure model.
  • The adoption of flexible IT solutions such as e-invoicing solutions is helping several organizations across the globe to reduce the cost associated with system design and customization, implementation, training, and maintenance.
  • Vendors are offering flexible e-invoicing solutions to support frequently changing patterns of invoices during routine operations.
  • The availability of customized and a wide range of e-invoicing services has allowed end users to select compatible service based on their IT budgets and business requirements.
  • E-invoicing software and services do not have fixed upfront costs in comparison to the conventional on-premises models, which makes e-invoicing services profitable investment for the end-users.

This e-invoicing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major E-invoicing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Basware Corp.
  • Cegedim SA
  • Comarch SA
  • Coupa Software Inc.
  • International Business Machines Corp.
  • Nipendo Ltd.
  • SAP SE
  • Sage Group Plc
  • TradeShift Inc.
  • Transcepta LLC

 

The e-invoicing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the e-invoicing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for E-invoicing Market?

E-invoicing-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for e-invoicing in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Government initiatives that are mandating the use of e-invoicing practices in B2B and B2C services will facilitate the e-invoicing market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the E-invoicing Market?

E-invoicing-Market-Market-Share-by-End-2020-2025

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Rapid growth in globalization and the growing demand for internet-based centralized systems for billing/invoicing in organizations such as IT, banking, financial services and insurance (BFSI), and retail companies is driving the growth of the market by the B2B segment.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the e-invoicing market size.

 

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What are the Key Factors Covered in this E-invoicing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive e-invoicing market growth during the next five years
  • Precise estimation of the e-invoicing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the e-invoicing  industry across Europe, APAC, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of e-invoicing market vendors

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E-invoicing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 28%

Market growth 2021-2025

$ 15.49 billion

Market structure

Fragmented

YoY growth (%)

26.92

Regional analysis

Europe, APAC, North America, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, UK, China, Germany, and Denmark

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Basware Corp., Cegedim SA, Comarch SA, Coupa Software Inc., International Business Machines Corp., Nipendo Ltd., SAP SE, Sage Group Plc, TradeShift Inc., and Transcepta LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The e-invoicing market growth will increase by $6.93 billion during 2019-2024.
The e-invoicing market is expected to grow at a CAGR of 19.22% during 2019-2024.
Technavio has segmented the e-invoicing market by end user (B2B and B2C) and geographic (Europe, North America, APAC, South America, and MEA).
Basware Corp., Cegedim SA, Comarch SA, Coupa Software Inc., International Business Machines Corp., Nipendo Ltd., SAP SE, The Sage Group Plc, TradeShift Inc., Transcepta LLC are a few of the key vendors in the e-invoicing market.
Europe will register the highest growth rate of 44.16% among the other regions. Therefore, the e-invoicing market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • Germany
  • Denmark
  • Singapore
The key factors driving the e-invoicing market growth are:
  • Convenience and easy accessibility of mobile payment systems
  • Increased security of documents using Block-Chain
The e-invoicing market vendors should focus on grabbing business opportunities from the b2b segment as it accounted for the largest market share in the base year.
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