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๏ปฟE-Invoicing Market Growing with a CAGR of 18.90 percentage, Top Players, Size, Share, Market Trends by 2030

08-21-2024 11:13 AM CET | IT, New Media & Software

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

E-Invoicing Market

E-Invoicing Market

Forecast Increase in Revenue:

E-Invoicing Market size was valued at USD 12.15 Billion in 2023 and the total E-Invoicing Market revenue is expected to grow at a CAGR of 18.90% from 2024 to 2030, reaching nearly USD 40.82 Billion.

E-Invoicing Market Overview:

The E-Invoicing Market represents a transformative shift from traditional paper invoicing to digital alternatives, streamlining invoice management by leveraging electronic processes. This modern approach enhances operational efficiency and cost-effectiveness by automating invoicing tasks and integrating seamlessly with accounting systems. The drive towards digital transformation and automation is a primary factor propelling the market, as businesses seek more efficient invoicing methods. Additionally, government regulations mandating electronic invoicing for enhanced tax compliance and transparency are significantly accelerating market growth.

๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ฌ ๐‰๐ฎ๐ฌ๐ญ ๐š ๐‚๐ฅ๐ข๐œ๐ค ๐€๐ฐ๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/31243/

E-Invoicing Market Dynamics:

The rapid expansion of the e-commerce sector has greatly influenced the E-Invoicing Market, as the surge in online transactions increases the volume of invoices businesses need to manage. E-invoicing offers a robust solution to handle this growing demand, providing a platform that accommodates diverse stakeholders in e-commerce transactions-sellers, buyers, and intermediaries. The real-time nature of online commerce necessitates instantaneous invoicing, which e-invoicing systems facilitate, thereby enhancing customer experience and ensuring prompt payment processing.

E-Invoicing Market Trends:

Recent advancements in the E-Invoicing Market are marked by the integration of cutting-edge technologies like artificial intelligence (AI) and blockchain. These innovations are elevating the accuracy, security, and efficiency of invoicing processes. AI enhances automation by streamlining data entry and validating transactions, while blockchain technology ensures transaction integrity and reduces fraud risks through secure, immutable records. Cloud-based solutions are also gaining traction, offering businesses scalable and flexible invoicing options that cater to their specific needs.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž + ๐†๐ซ๐š๐ฉ๐ก๐ฌ ๐‡๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/inquiry-before-buying/31243/

E-Invoicing Market Opportunities:

New entrants in the E-Invoicing Market have significant opportunities to explore, especially as global regulatory landscapes tighten. As governments implement stricter tax compliance and transparency requirements, there is an increasing demand for e-invoicing solutions that adhere to these regulations. Innovative, compliant platforms that address diverse regulatory needs present a lucrative market opportunity. Additionally, the integration of AI and blockchain technology into e-invoicing systems offers newcomers a chance to stand out with advanced, tech-driven solutions that promise enhanced automation and security.

Emerging markets also represent a valuable opportunity for new players in the e-invoicing space. Developing regions are undergoing rapid digital transformations and exhibit a growing need for affordable and accessible e-invoicing solutions. By targeting these regions, new entrants can tap into expanding markets. The rise in cross-border transactions and multi-currency invoicing further broadens the scope for innovative solutions that support global trade and regulatory compliance.

What is E-Invoicing Market Regional Insight?

The Asia Pacific region is at the forefront of the global E-Invoicing Market, capturing a notable revenue share of 34.05% in 2023. China stands out as a significant market within this region, driven by government initiatives that mandate e-invoicing in both B2B and B2C transactions. The robust regulatory framework and the push for digital transformation are expected to accelerate market growth in APAC, positioning it as a key player in the global e-invoicing landscape.

In India, the e-invoicing landscape has seen notable developments recently. The Goods and Services Tax Network (GSTN) introduced new advisories and tools in 2024, mandating e-invoicing for businesses exceeding INR 5 Crores in turnover. Innovations such as the e-invoice QR Code Verifier app and enhanced e-invoice key information portal reflect ongoing efforts to strengthen the e-invoicing framework, improving service efficiency and compliance across the country.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/31243/

Segmentation Analysis of the E-Invoicing Market:

by Product

Cloud-based
On-Premises

by Type

Finance
FMCG
Energy
Others

by Application

B2B
B2C
Others

A key component of the e-invoicing market is the B2B sector, which is expected to account for the biggest revenue share of 73.95% in 2023 based on application. Growing globalization and the existence of IT, financial services, banking, insurance (BFSI), and retail businesses in industrialized nations-all of which require centralized invoicing systems that are available via the Internet-are the main drivers of this rise. The retail and banking industries' strict rules, the rise in e-commerce, and the advent of new payment options as a result of digitization all contribute to the expansion of this market.

Who is the largest manufacturers of E-Invoicing Market worldwide?

1. Avalara - USA
2. Basware - Finland
3. Comarch SA - Poland
4. Corcentric Inc. - USA
5. Coupa Software - USA
6. DocuPhase - USA
7. Edicom - Spain
8. Esker - France
9. FreshBooks - Canada
10. IBM - USA
11. KashFlow Software Ltd - UK
12. OpenText Corporation - Canada
13. PaySimple - USA
14. Pragero - Not specified (Possibly USA-based)
15. Sage Group - UK
16. SAP - Germany
17. Seres (Docaposte) - France
18. Storecove - Netherlands
19. Tipalti Inc. - USA
20. Transcepta - USA
21. Tungsten Network - UK
22. Zycus - USA

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-e-invoicing-market/31243/ ๏ปฟ๏ปฟ

Key Offerings:

Market Overview: Analysis of past market size and competitive landscape.
Market Size & Forecast: E-Invoicing Market size, share, and growth projections by segment.
Market Dynamics: Examination of growth drivers, restraints, opportunities, and key trends by region.
Market Segmentation: Detailed analysis by product and segment.
Value Chain & Supply Chain Analysis: Comprehensive insights.
Legal Aspects: Business regulations and considerations by region.
Business Opportunities: Lucrative opportunities identified through SWOT analysis.
Recommendations: Strategic suggestions for market entry and growth.

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Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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