What's driving the E-invoicing Market trends? IBM Corporation, SAP SE, Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., Nipendo Ltd., The Sage Group Plc, Trade shift, and Transcepta LLC

Market Study Report LLC has added a new report on E-invoicing market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of E-invoicing market in tandem with its competitive terrain.

In terms of revenue, the global e-invoicing market was valued at US$ 4.84 billion in 2019 and is expected to grow at a CAGR of 16.2% during the forecast period to reach US$ 15.50 billion by 2027.

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The well-established e-invoicing market players include Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, Nipendo Ltd., SAP SE, The Sage Group Plc, Trade shift, and Transcepta LLC.

The mandatory e-invoicing initiatives across countries are growing at an impressive pace, majorly due to favorable initiatives taken by various governments in South America and European Union. The successful adoption of e-invoicing mandates in countries such as Brazil, Mexico, Chile, Argentina, and Italy has inspired various other countries to follow the path to curb tax evasion and enhance fiscal control in segments such as B2G, B2B, and B2C.

For instance, the governments of the North American countries such as the US and Canada are now planning to take adequate measures to boost the adoption of e-invoices among businesses and government organizations. The advantages of e-invoicing, such as easy tracking of business transactions, reduced payment process time, low human errors, and increased cost savings, are further complementing the growth of the e-invoicing market across various regions. In addition to this, the rising initiatives by global associations such as Connect ONCE, OpenPEPPOL, EESPA, and GS1 to improve the interoperability among various international e-invoicing formats are further anticipated to fuel the adoption of flexible cloud-based e-invoicing solutions.

The e-invoicing market has been segmented on the basis of deployment, end user, and geography. Based on deployment, the e-invoicing market is segmented as on-premises and cloud. On the basis of end user, the market has been segmented into B2B, B2C, and others. In terms of geographically, the e-invoicing market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Impact of COVID-19 Pandemic on E-Invoicing Market

The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace around the globe. As per the latest WHO figures, there are ~2.8 million confirmed COVID-19 cases globally with ~194,000 total deaths. The global factory shutdowns, travel bans, and border lockdowns to combat and contain the outbreak have impacted every industry and economy worldwide. The technology, media, and communications sector is one of the major sectors suffering serious disruptions due to this pandemic.

Technology events and industry meet cancellations, factory and office shutdowns, and reduced business activities are among the major effects faced by the sector. The global travel bans imposed by countries in Europe, Asia Pacific, North America, and others are affecting the business collaborations and partnerships opportunities across industries. All these factors are anticipated to negatively impact the growth of the global e-invoicing market, especially in 2020 and 2021, depending on the duration of the outbreak.

The overall global e-invoicing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the e-invoicing market with respects to all the segments.

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Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the pipe relining industry.

TABLE OF CONTENTS
1. Introduction
2. Key Takeaways
3. Research Methodology
4. E-Invoicing Market Landscape
5. E-Invoicing -Market Dynamics
6. E-Invoicing Market - Global Analysis
6.1 E-Invoicing Market Global Overview
6.2 E-Invoicing Market - Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning - Global Key Players
7. E-Invoicing Market Analysis - By Deployment Model
8. E-Invoicing Market Analysis - By End-User
9. E-Invoicing Market - Geographic Analysis
10. E-Invoicing Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Market Initiative
11.2 New Product Development
11.3 Merger and Acquisition
12. Company Profiles
13. Appendix
13.1 About
13.2 Word Index

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