Global E-Invoicing Market was valued at US$ 3.8 Bnin 2017 and is expected to reach US$ 17.2 Bnby 2026, at a CAGR of 20.77% during a forecast period.Global E-Invoicing MarketMobile commerce is making simpler banking, commercial transactions, and bill payments. Governments are progressively investing in financial institutions to extend payment services to remote areas as well. So, the popularity of using mobile for online transactions is rising significantly. Mobile commerce payments are a feasible solution that requires e-billing in e-commerce, banking and telecommunications sectors.
Therefore, the convenience and easy availability of mobile payment systems will drive the e-billing market growth during the forecast period. However, the threat of cyber-attacks and data privacy are the major challenges faced by this market.
The cloud-based segment is expected to be the fastest growing market during the forecast time period, as it aids in reducing time apart from being inexpensive in nature. Cloud-based service is fast and easy to implement with a low ownership cost. It even comes with an instinctive built-in on-boarding tool to connect all consumers and suppliers to e-invoicing.
The Asia Pacific is projected to be one of the fastest rising markets of e-invoicing within the forecast period, owing to the rising penetration of advancing technology support and increasing automation trends, especially in emerging countries such as China and India. Europe was the second largest e-invoicing market in 2018 worldwide. This can be owing to huge technology support by the government and growing automation trends.
Basware, IBM, SAP are the prominent players operating in the Global E-Invoicing Market. Basware is the universal leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the world.
As the market leader in enterprise application software, SAP aids companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more professionally and use business insight more efficiently to stay ahead of the competition.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global E-Invoicing Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global E-Invoicing Market.
Scope of the Global E-Invoicing Market
Global E-Invoicing Market, by Type
• Cloud-Based
• On-Premises
Global E-Invoicing Market, by End-User
• Energy
• FMCG
• Finance
• E-Commerce
• Express Services
• Others
Global E-Invoicing Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players operating in Global E-Invoicing Market
• Cegedim
• Comarch
• IBM
• Zoho Corporation Pvt. Ltd.
• Xero
• Intuit
• Brightpearl
• Sage Group
• FinancialForce
• Tipalti Solutions Ltd.
• PaySimple
• Acclivity Group LLC
• KashFlow Software
• Araize, Inc.
• Mercury Systems, Inc.
• Norming Software
• YAT Software
• SAP
• FreshBooks
• Ipayables
• Coupa Software Inc.,
• Zervant
• Basware
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