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Description
Global e-Invoicing Market:
The global e-invoicing market is expected to be valued at US$ 6,930.7 Mn in 2019 and expected to grow at a CAGR of 18.4 % over the forecast period by 2026. Rising enforcement criteria relevant to E-Invoicing and initiatives by government to improve e-invoicing adoption are the key drivers boosting the global e-invoicing market. There are restrains which hung the global market growth issues hindering e-Invoicing mass adoption and unawareness. Cloud-based Solutions open up multiple opportunities as 90% of companies are on the cloud which boost the global e-invoicing market.
Digital Transformation Trend Across Industries
It is noticed that the global market has a significant market growth rate on the perspective of digital transformation trend across industries. Effective digital transformation includes investments that drive business value in technology, people and processes. This includes funding, including cloud, cybersecurity and customer service, for vital programmes that support the digital enterprise. Success also needs efficient cloud-based asset governance and consistent insight into the cost of cloud services. Digital Around the World. Roughly 4.66 billion people around the world now use the internet that’s close to 60 percent of the world’s total population
North America Dominates the Market Share in the Global Market
North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year. The higher acceptance of electronic transactions between trading partners. In the B2B sector, increasingly rising demand for e-invoicing is projected significant growth. Europe bloom with the help of higher adoption of e-invoicing in government sector. Availability of dynamic discounting and trade finance and automation trends, especially in emerging countries like China and India boost Asia Pacific
Competition Assessment
Key player’s profiles in the global market include:
- Basware Corporation
- Cegedim SA
- Comarch SA
- Coupa Software Inc.
- IBM Corporation
- Nipendo Ltd.
- SAP SE
- The Sage Group plc
- Trade shift
- Transcepta LLC
Key Developments:
- Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
- In Jan 2020, Cegedim announced the acquisition of Ximantix; with this acquisition, the company further expands its foothold globally to address the requirements of its international clients.This would help it achieve a strong position in the e-invoicing Market
Global e-Invoicing Market Report Description:
Global e-invoicing market report gives comprehensive outlook on e-invoicing market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on e-invoicing market gives historical, current, and future market sizes on the basis of type, end user and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global e-invoicing market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global market
Key Findings of the Report:
- Global market expanding at significant CAGR over 2020 to 2026 owing due to digital transformation trend across industries
- Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Type
- Cloud-Based
- On-Premises
End-User
- Energy
- FMCG
- Finance
- E-Commerce
- Express Services
- Others
By Geography
North America
- USA
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Location
GEOGRAPHY
