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E-Invoicing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 136 pages | ID: E28590BB7D60EN
IMARC Group

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The global e-invoicing market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.9 Billion by 2028, exhibiting a growth rate (CAGR) of 20.26% during 2023-2028.

Electronic invoicing, or e-invoicing, refers to the generation of electronic bills through a digital platform during an exchange of goods and services. It is usually conducted through various smart devices, such as mobile phones, laptops and tablets, and includes purchase orders, debit and credit notes and remittance vouchers that specify the terms and conditions of the payment. E-invoicing can also be deployed through the cloud and on-premises solutions that offer various other benefits, such as improved invoice accuracy and data quality, reduced instances of delayed payments and faster invoice-processing time and transparency. Apart from this, it aids in convenient tracking of business transactions and minimizing the costs associated with system design, customization, implementation, training and maintenance.

Significant growth in the e-commerce industry is one of the key factors creating a positive outlook for the market. Furthermore, widespread adoption of advanced information technology (IT) solutions across the banking, financial services and insurance (BFSI), energy, telecommunications and retail industries, is also driving the market growth. In line with this, product vendors are also offering flexible e-invoicing solutions to support the frequently changing operational patterns. Additionally, various technological advancements, such as the development of web and software-based invoicing applications that can be integrated with the cloud, artificial intelligence (AI), Internet of Things (IoT) and predictive analytics tools, are contributing to the market growth. Other factors, including the increasing adoption of blockchain technology to ensure the security of documents, along with the emerging trend of document digitalization for efficient processing and compliance requirements, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global e-invoicing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on channel, deployment type and application.

Breakup by Channel:

B2B
B2C
Others

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Application:

Energy and Utilities
FMCG
E-Commerce
BFSI
Government
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Araize Inc., Basware Oyj, Brightpearl, Cegedim (FCB SAS), Comarch SA, Coupa Software Incorporated, International Business Machines Corporation, Nipendo Ltd., Paysimple Inc. (EverCommerce), SAP Ariba (SAP SE) and The Sage Group Plc.

Key Questions Answered in This Report

1. What was the size of the global e-invoicing market in 2022?
2. What is the expected growth rate of the global e-invoicing market during 2023-2028?
3. What are the key factors driving the global e-invoicing market?
4. What has been the impact of COVID-19 on the global e-invoicing market?
5. What is the breakup of the global e-invoicing market based on the channel?
6. What is the breakup of the global e-invoicing market based on the deployment type?
7. What is the breakup of the global e-invoicing market based on the application?
8. What are the key regions in the global e-invoicing market?
9. Who are the key players/companies in the global e-invoicing market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL E-INVOICING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY CHANNEL

6.1 B2B
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 B2C
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 Cloud-based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 On-premises
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Energy and Utilities
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 FMCG
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 E-Commerce
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 BFSI
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Government
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Araize Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Basware Oyj
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Brightpearl
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4 Cegedim (FCB SAS)
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5 Comarch SA
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
  14.3.6 Coupa Software Incorporated
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
  14.3.7 International Business Machines Corporation
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 Nipendo Ltd.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Paysimple Inc. (EverCommerce)
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 SAP Ariba (SAP SE)
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 The Sage Group Plc
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: E-Invoicing Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: E-Invoicing Market Forecast: Breakup by Channel (in Million US$), 2023-2028
Table 3: Global: E-Invoicing Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: E-Invoicing Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: E-Invoicing Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: E-Invoicing Market Structure
Table 7: Global: E-Invoicing Market: Key Players


LIST OF FIGURES

Figure 1: Global: E-Invoicing Market: Major Drivers and Challenges
Figure 2: Global: E-Invoicing Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: E-Invoicing Market: Breakup by Channel (in %), 2022
Figure 4: Global: E-Invoicing Market: Breakup by Deployment Type (in %), 2022
Figure 5: Global: E-Invoicing Market: Breakup by Application (in %), 2022
Figure 6: Global: E-Invoicing Market: Breakup by Region (in %), 2022
Figure 7: Global: E-Invoicing Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: E-Invoicing (B2B) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: E-Invoicing (B2B) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: E-Invoicing (B2C) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: E-Invoicing (B2C) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: E-Invoicing (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: E-Invoicing (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: E-Invoicing (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: E-Invoicing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: E-Invoicing (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: E-Invoicing (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: E-Invoicing (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: E-Invoicing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: E-Invoicing (FMCG) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: E-Invoicing (FMCG) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: E-Invoicing (E-Commerce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: E-Invoicing (E-Commerce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: E-Invoicing (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: E-Invoicing (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: E-Invoicing (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: E-Invoicing (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: E-Invoicing (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: E-Invoicing (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia Pacific: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia Pacific: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: E-Invoicing Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: E-Invoicing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: E-Invoicing Industry: SWOT Analysis
Figure 79: Global: E-Invoicing Industry: Value Chain Analysis
Figure 80: Global: E-Invoicing Industry: Porter’s Five Forces Analysis


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