"Market Trends Shaping Executive Summary Electronic-invoicing (e-invoicing) Market Size and Share

The global electronic-invoicing (e-invoicing) market size was valued at USD 6.00 billion in 2024 and is expected to reach USD 36.72 billion by 2032, at a CAGR of 25.40% during the forecast period

Electronic-invoicing (e-invoicing) Market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue, and market share for top manufacturers. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. This Electronic-invoicing (e-invoicing) Market research report delivers a comprehensive analysis of the market structure along with the estimations of the various segments and sub-segments of the market.

An absolute insight and know-how of the greatest market opportunities in the relevant markets or Electronic-invoicing (e-invoicing) Market industry required for successful business growth can be accomplished only with the best market research report. The Electronic-invoicing (e-invoicing) report provides market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular products, and market demand and supply scenarios. All the studies performed to generate this Electronic-invoicing (e-invoicing) report are based on large group sizes and also at a global level. This Electronic-invoicing (e-invoicing) Market Research report provides clients with the supreme level of market data and information that is specific to their niche and their business requirements.

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Electronic-invoicing (e-invoicing) Industry Performance Overview

Segments

- By Offering: Solutions, Services
- By Deployment Type: Cloud, On-Premises
- By Organization Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
- By Industry Vertical: BFSI, Retail, Healthcare, IT & Telecom, Manufacturing, Others

The global electronic invoicing market is segmented based on offering, deployment type, organization size, and industry vertical. In terms of offering, the market is categorized into solutions and services. The solutions segment is expected to dominate the market during the forecast period as businesses increasingly adopt e-invoicing solutions to streamline their invoicing process and improve efficiency. By deployment type, the market is divided into cloud and on-premises. The cloud segment is anticipated to witness significant growth due to the scalability, cost-effectiveness, and flexibility it offers to businesses. Furthermore, based on organization size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. The SMEs segment is projected to grow at a faster pace owing to the increasing adoption of e-invoicing solutions among small businesses to enhance operational efficiency. Lastly, concerning industry vertical, the market covers BFSI, retail, healthcare, IT & telecom, manufacturing, and others.

Market Players

- SAP SE
- IBM Corporation
- Coupa Software Inc.
- Sage Group
- Comarch SA
- Zoho Corporation
- SAP Ariba
- Tipalti Inc.
- FreshBooks
- FinancialForce
- Bottomline Technologies
- Xero Limited
- AvidXchange Inc.
- Moneypenny
- MIE Solutions
- Software Technologies Inc.

The key players in the global electronic invoicing market include SAP SE, IBM Corporation, Coupa Software Inc., Sage Group, Comarch SA, Zoho Corporation, SAP Ariba, Tipalti Inc., FreshBooks, FinancialForce, Bottomline Technologies, Xero Limited, AvidXchange Inc., Moneypenny, MIE Solutions, and Software Technologies Inc. These companies are focusing on strategic partnerships, product innovations, and acquisitions to strengthen their market position and expand their customer base in the competitive e-invoicing landscape.

The global electronic invoicing market is witnessing significant growth propelled by the increasing digital transformation across industries. Electronic invoicing solutions and services are gaining traction due to their ability to streamline invoicing processes, reduce errors, and enhance operational efficiency. Businesses are increasingly shifting towards e-invoicing solutions to automate financial processes, improve compliance, and reduce costs associated with traditional paper-based invoicing. As a result, the market is expected to experience robust growth in the coming years.

In terms of offering, the solutions segment is poised to dominate the market as organizations seek comprehensive e-invoicing solutions that offer features such as invoice creation, approval workflows, electronic signatures, and integration with accounting systems. On the other hand, the services segment, including consulting, implementation, and support services, is also witnessing growth as companies require assistance in deploying and optimizing e-invoicing solutions.

The deployment type segment is witnessing a shift towards cloud-based solutions driven by the benefits of scalability, cost-effectiveness, and accessibility. Cloud-based e-invoicing solutions offer businesses the flexibility to scale operations, access data from anywhere, and ensure data security and compliance. As a result, the cloud deployment segment is expected to witness significant growth in the forecast period.

The organization size segment is witnessing increasing adoption of e-invoicing solutions among SMEs, driven by the need to improve efficiency and competitiveness. Large enterprises, on the other hand, are investing in advanced e-invoicing solutions to streamline complex invoicing processes, enhance visibility, and drive business growth. The market players are catering to the diverse needs of both SMEs and large enterprises with tailored solutions and services to address specific invoicing requirements.

Across various industry verticals such as BFSI, retail, healthcare, IT & telecom, manufacturing, and others, the adoption of electronic invoicing is on the rise. Each industry vertical has unique invoicing requirements and challenges, driving the demand for specialized e-invoicing solutions tailored to specific industry needs. Market players are leveraging industry expertise to develop industry-specific solutions that cater to the invoicing complexities and regulatory requirements of different sectors.

In conclusion, the global electronic invoicing market is witnessing rapid expansion driven by the increasing adoption of digital invoicing solutions across industries. Market players are innovating and collaborating to meet the evolving needs of businesses and capitalize on the growing demand for electronic invoicing solutions. The market is poised for continuous growth as businesses prioritize efficiency, compliance, and cost savings in their financial operations.The global electronic invoicing market is experiencing significant growth due to the rising trend of digital transformation across various industries. Businesses are increasingly recognizing the benefits of electronic invoicing solutions and services in streamlining their invoicing processes, reducing errors, and enhancing operational efficiency. The shift towards e-invoicing is driven by the need to automate financial operations, improve compliance, and cut costs associated with traditional paper-based invoicing methods. As a result, the market is poised for robust expansion in the foreseeable future.

In terms of offerings, organizations are gravitating towards comprehensive e-invoicing solutions that encompass features like invoice creation, approval workflows, electronic signatures, and seamless integration with accounting systems. The solutions segment is expected to dominate the market as businesses seek end-to-end solutions to address their invoicing needs effectively. Additionally, the services segment, including consulting, implementation, and support services, is also witnessing growth as companies require assistance in deploying and optimizing e-invoicing solutions to maximize benefits.

The deployment type segment is experiencing a notable shift towards cloud-based solutions due to their scalability, cost-effectiveness, and accessibility advantages. Cloud-based e-invoicing solutions provide businesses with the flexibility to scale operations, access data remotely, and ensure robust data security and compliance measures. This trend is expected to drive significant growth in the cloud deployment segment as organizations increasingly opt for cloud-based e-invoicing solutions.

In terms of organization size, small and medium-sized enterprises (SMEs) are rapidly adopting e-invoicing solutions to enhance operational efficiency and competitiveness. On the other hand, large enterprises are investing in advanced e-invoicing solutions to streamline complex invoicing processes, improve visibility, and drive business growth. Market players are catering to the unique needs of SMEs and large enterprises by offering tailored solutions and services to address specific invoicing requirements across different business scales.

Across various industry verticals such as BFSI, retail, healthcare, IT & telecom, manufacturing, and others, electronic invoicing adoption is on the rise. Each industry vertical has distinct invoicing requirements and challenges, leading to an increased demand for specialized e-invoicing solutions tailored to meet specific industry needs. Market players are leveraging their industry expertise to develop industry-specific solutions that address the invoicing complexities and regulatory demands of different sectors.

In conclusion, the global electronic invoicing market is poised for continuous growth as businesses prioritize efficiency, compliance, and cost savings in their financial operations. Market players are focusing on innovation and collaboration to meet evolving business needs and capitalize on the escalating demand for electronic invoicing solutions across diverse industries. The market is expected to witness sustained expansion as businesses increasingly embrace digital invoicing solutions to drive operational excellence and financial efficiency.

Check out detailed stats on company market coverage
https://www.databridgemarketresearch.com/reports/global-electronic-invoicing-e-invoicing-market/companies

In-Depth Market Research Questions for Electronic-invoicing (e-invoicing) Market Studies

• What revenue figures define the current Electronic-invoicing (e-invoicing) Market?
• What are the near-term and long-term growth rates expected in Electronic-invoicing (e-invoicing) Market?
• What are the dominant segments in the Electronic-invoicing (e-invoicing) Market overview?
• Which companies are covered in the competitor analysis for Electronic-invoicing (e-invoicing) Market?
• What countries are considered major contributors for Electronic-invoicing (e-invoicing) Market?
• Who are the high-growth players in the Electronic-invoicing (e-invoicing) Market?

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