E-Invoicing Market was valued at US$ 10.54 Bn. in 2022. The Global E-Invoicing Market size is estimated to grow at a CAGR of 20.4 % over the forecast period.
E-Invoicing Market Overview:
The E-Invoicing Market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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E-Invoicing Market Scope:
A competitor’s information is provided in the highly competitive environment for the E-Invoicing Market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses’ focus on the E-Invoicing industry.
E-Invoicing Market Drivers:
Significant growth in the e-commerce industry is one of the key factors creating a positive outlook for the market. In addition, widespread adoption of advanced information technology (IT) solutions across the banking, financial services and insurance (BFSI), energy, telecommunications, and retail enterprises, is likewise driving the market development. In accordance with this, item sellers are likewise offering adaptable e-invoicing solutions to support the frequently changing operational patterns.
Different mechanical headways, for example, the improvement of web and programming-based invoicing applications that can be incorporated with the cloud, artificial intelligence (AI), Internet of Things (IoT), and predictive analytics tools, are contributing to the market growth. However, the threat of cyber-attacks, as well as data privacy, are the major challenges faced by this market.
However, high cost and discomfort due to catheter caused to the patient may impact negatively on the market growth.
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E-Invoicing Market Segmentation:
by Type
• Cloud-based
• On-Premises
by End User
• Finance
• FMCG
• Energy
• Others
by Channel
• B2B
• B2C
• Others
E-Invoicing Market Key Players:
The major players covered in the E-Invoicing Market report are
• 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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Regional Analysis:
The causes for the global E-Invoicing Market’s rise, and the industry’s numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on E-Invoicing Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the E-Invoicing Market to slow in 2020. The new research features COVID 19’s impact on the E-Invoicing Market, as well as insights, analysis, estimations, and projections.
Key Questions Answered in the E-Invoicing Market Report are:
- Which segment was responsible for the largest share in the E-Invoicing market?
- How was the competitive scenario of the E-Invoicing market in 2020?
- Which are the key factors responsible for the E-Invoicing market growth?
- Which region held the maximum share in the E-Invoicing market in 2020?
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