E-Invoicing Market worth $12.11 billion by 2030, growing at a CAGR of 9.67% - Exclusive Report by 360iResearch

The "E-Invoicing Market by Function (Invoice Delivery, Invoice Generation, Invoice Tracking & Monitoring), Deployment Model (Platform as a Service, Software as a Service), End-User Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global E-Invoicing Market to grow from USD 6.34 billion in 2023 to USD 12.11 billion by 2030, at a CAGR of 9.67%.

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E-invoicing, or electronic invoicing, is a digital mechanism for generating, storing, and managing invoice documents by businesses and their clients. E-invoicing involves the exchange of the invoice document in a structured electronic format, facilitates automatic processing and integration into the recipient's financial systems. This digital approach facilitates greater efficiency in invoice management, reduces errors associated with manual handling, and improves the speed of transactions, leading to enhanced overall business operational efficiency. Key benefits include reduced processing costs, increased accuracy, and improved compliance with regulatory standards. Increasing demand for cost-efficient processing methods, government regulations mandating the use of electronic invoices, and the global shift toward digital transformation have increased the adoption of E-Invoicing. Moreover, the rise of cloud-based e-invoicing solutions and advancements in artificial intelligence for automating invoice processing further boost the market. However, the reluctance of small and medium-sized enterprises (SMEs) to transition from traditional invoicing due to perceived costs and complexities, data privacy, and security concerns may impede the growth of the market. Nevertheless, the integration of blockchain technology for enhanced security, the development of cross-border e-invoicing standards, and the adoption of real-time reporting capabilities are expected to provide a boost to the growth of the market.

In the Americas, adopting E-Invoicing has been largely driven by regulatory requirements. Countries including Brazil and Mexico are pioneers in the region, having established comprehensive E-Invoicing mandates over a decade ago. These countries use a clearance model, where a tax authority must approve invoices before being issued. On the other hand, the United States and Canada have a more fragmented approach due to their federal systems. In these countries, the adoption of e-invoicing is driven by efficiency and cost reduction rather than compliance. In the EMEA region, Europe stands out for its proactive approach towards E-Invoicing, especially within the public sector. The European Union's Directive 2014/55/EU mandates all public sector entities to accept and process electronic invoices. This directive has led to various implementation models across Member States, with countries including Italy mandating E-Invoicing even for B2B transactions. The Asia Pacific region exhibits a diverse scenario in E-Invoicing adoption, driven by the varying levels of economic development, digital infrastructure, and government policies. Australia and New Zealand have been early adopters, promoting the Peppol network for interoperability. China and India, with their vast economies, have implemented E-Invoicing to enhance tax compliance and reduce fraud; China has a centralized model, while India has introduced a mandatory E-Invoicing system for businesses exceeding a certain turnover threshold. Southeast Asian countries, including Indonesia and Thailand, are gradually implementing E-Invoicing regulations to boost digital transformation and tax collection.

Market Segmentation & Coverage:

This research report categorizes the E-Invoicing Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Function, market is studied across Invoice Delivery, Invoice Generation, Invoice Tracking & Monitoring, and Invoice Validation & Approval. The Invoice Generation is projected to witness significant market share during forecast period.

Based on Deployment Model, market is studied across Platform as a Service and Software as a Service. The Software as a Service is projected to witness significant market share during forecast period.

Based on End-User Industry, market is studied across Energy & Utilities, Healthcare, Hospitality & Tourism, Manufacturing, Retail & E-commerce, and Telecom & IT. The Manufacturing is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.88% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the E-Invoicing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the E-Invoicing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the E-Invoicing Market, highlighting leading vendors and their innovative profiles. These include Basware Oyj, BlackLine Inc., Broadcom Inc., Capgemini SE, Cegedim SA, Cognizant Technology Solutions, Comarch SA, Coupa Software Inc., Dell Inc., Deloitte Touche Tohmatsu Limited, Equinix, Inc., Google LLC, International Business Machines Corporation, Kellton Tech Solutions Ltd., Microsoft Corporation, Nipendo Ltd., Oracle Corporation, Pagero AB, PricewaterhouseCoopers International Limited, SAP SE, Siemens AG, The Sage Group plc, Tradeshift Holdings, Inc., and Transcepta LLC.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. E-Invoicing Market, by Function
7. E-Invoicing Market, by Deployment Model
8. E-Invoicing Market, by End-User Industry
9. Americas E-Invoicing Market
10. Asia-Pacific E-Invoicing Market
11. Europe, Middle East & Africa E-Invoicing Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the E-Invoicing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the E-Invoicing Market?
3. What is the competitive strategic window for opportunities in the E-Invoicing Market?
4. What are the technology trends and regulatory frameworks in the E-Invoicing Market?
5. What is the market share of the leading vendors in the E-Invoicing Market?
6. What modes and strategic moves are considered suitable for entering the E-Invoicing Market?

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