The latest update of “Global Electronic Invoicing Solution Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Electronic Invoicing Solution Market.
Overview of the Electronic Invoicing Solution Market:
Electronic invoicing, also known as e-Invoicing, is the interchange of the invoice document between the supplier and the buyer in an integrated automated format. It is a system in which invoices are authenticated electronically by GSTN for further use on the common GST portal. An invoice remains valid only if it has IRN and QR code that is authenticated by the Invoice Registration Portal (IRP). Moreover, it allows interoperability across businesses. One can track the e-invoices in real-time.
Market Drivers:
Increasing digitalization for efficient processing and compliance requirements is expected to boost the growth of the global electronic invoicing solution market during the forecast period. For instance, in April 2021, to help businesses digitize and streamline billing and invoicing, ClearTax launched ClearOne, a GST compliant billing and e-invoicing product. ClearOne will help Small and Medium Enterprises (SMEs) to generate professional invoices with ease. This in turn is expected to aid in the growth of the global electronic invoicing solution market.
Moreover, increasing adoption of advanced information technology solutions, development of web and software-based invoicing applications, and technological advancements are expected to propel the global electronic invoicing solution market growth over the forecast period.
Market Restraints:
Lack of awareness about the benefits of electronic invoicing is expected to hamper the growth of the global electronic invoicing solution market.
Regional Insights:
Among regions, North America and Asia Pacific are expected to witness significant growth in the global electronic invoicing solution market, owing to the increasing adoption of e-invoicing solutions, increasing digitalization, government initiatives to support mandatory e-invoicing, and significant growth in the e-commerce industry in these regions. For instance, in October 2020, The Indian Government launched e-invoice system and required taxpayers whose annual aggregate turnover came in at over Rs. 500 crore to use the system.
Moreover, in January 2021, the Government of India begins the second phase of mandatory e-invoicing through the GST e-Invoice/IRN System.
Competitive Section:
Major players involved in the global electronic invoicing solution market are Zervant, Coupa, iPayables, SAP, Yat Software, Norming Software, Micronetics, Araize, PaySimple, Tipalti, Sage, Brightpearl, Intuit, Xero, Zoho, Freshbooks, Acclivity Group, FinancialForce, and KashFlow Software, among others.
For instance, in November 2021, Tradeshift launched a cross-border e-invoicing solution in China to connect millions of trading partners, digitalize the transactions between them, and offer accessible trade-based financial services to SMBs in the region.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Electronic Invoicing Solution Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Electronic Invoicing Solution Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Freshbooks
- Zoho
- Xero
- Intuit
- Brightpearl
- Sage
- FinancialForce
- Tipalti
- PaySimple
- Acclivity Group
- KashFlow Software
- Araize
- Micronetics
- Norming Software
- Yat Software
- SAP
- iPayables
- Coupa
- Zervant
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Electronic Invoicing Solution Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- BFSI
- IT & Telecommunications
- Retail & e-commerce
- Government
- Energy & Utilities
- Manufacturing
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Electronic Invoicing Solution Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Electronic Invoicing Solution Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Electronic Invoicing Solution Market
1.6.1 How the Covid-19 is Affecting the Electronic Invoicing Solution Market
1.6.1.1 Electronic Invoicing Solution Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Electronic Invoicing Solution Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Electronic Invoicing Solution Market Perspective (2015-2028)
2.2 Electronic Invoicing Solution Market Growth Trends by Regions
2.2.1 Electronic Invoicing Solution Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Electronic Invoicing Solution Market Historic Market Share by Regions (2015-2021)
2.2.3 Electronic Invoicing Solution Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Electronic Invoicing Solution Market Growth Strategy
2.3.6 Primary Interviews with Key Electronic Invoicing Solution Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Electronic Invoicing Solution Market Players by Market Size
3.1.1 Global Top Electronic Invoicing Solution Market Players by Revenue (2015-2021)
3.1.2 Global Electronic Invoicing Solution Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Electronic Invoicing Solution Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Electronic Invoicing Solution Market Concentration Ratio
3.2.1 Global Electronic Invoicing Solution Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Electronic Invoicing Solution Market Revenue in 2019
3.3 Electronic Invoicing Solution Market Key Players Head office and Area Served
3.4 Key Players Electronic Invoicing Solution Market Product Solution and Service
3.5 Date of entering into Electronic Invoicing Solution Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Electronic Invoicing Solution Market Historic Market Size by Type (2015-2021)
4.2 Global Electronic Invoicing Solution Market Forecasted Market Size by Type (2021-2028)
5 Electronic Invoicing Solution Market Breakdown Data by Application (2015-2028)
5.1 Global Electronic Invoicing Solution Market Size by Application (2015-2021)
5.2 Global Electronic Invoicing Solution Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Electronic Invoicing Solution Market Size (2015-2021)
6.2 Electronic Invoicing Solution Market Key Players in North America (2019-2021)
6.3 North America Electronic Invoicing Solution Market Size by Type (2015-2021)
6.4 North America Electronic Invoicing Solution Market Size by Application (2015-2021)
7 Europe
7.1 Europe Electronic Invoicing Solution Market Size (2015-2021)
7.2 Electronic Invoicing Solution Market Key Players in Europe (2019-2021)
7.3 Europe Electronic Invoicing Solution Market Size by Type (2015-2021)
7.4 Europe Electronic Invoicing Solution Market Size by Application (2015-2021)
8 China
8.1 China Electronic Invoicing Solution Market Size (2015-2021)
8.2 Electronic Invoicing Solution Market Key Players in China (2019-2021)
8.3 China Electronic Invoicing Solution Market Size by Type (2015-2021)
8.4 China Electronic Invoicing Solution Market Size by Application (2015-2021)
9 Japan
9.1 Japan Electronic Invoicing Solution Market Size (2015-2021)
9.2 Electronic Invoicing Solution Market Key Players in Japan (2019-2021)
9.3 Japan Electronic Invoicing Solution Market Size by Type (2015-2021)
9.4 Japan Electronic Invoicing Solution Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Electronic Invoicing Solution Market Size (2015-2021)
10.2 Electronic Invoicing Solution Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Electronic Invoicing Solution Market Size by Type (2015-2021)
10.4 Southeast Asia Electronic Invoicing Solution Market Size by Application (2015-2021)
11 India
11.1 India Electronic Invoicing Solution Market Size (2015-2021)
11.2 Electronic Invoicing Solution Market Key Players in India (2019-2021)
11.3 India Electronic Invoicing Solution Market Size by Type (2015-2021)
11.4 India Electronic Invoicing Solution Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Electronic Invoicing Solution Market Size (2015-2021)
12.2 Electronic Invoicing Solution Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Electronic Invoicing Solution Market Size by Type (2015-2021)
12.4 Central & South America Electronic Invoicing Solution Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Electronic Invoicing Solution Market Introduction
13.4 Electronic Invoicing Solution Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Electronic Invoicing Solution Market Key Market Segments
Table 2. Key Players Covered: Ranking by Electronic Invoicing Solution Market Revenue
Table 3. Ranking of Global Top Electronic Invoicing Solution Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Electronic Invoicing Solution Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Electronic Invoicing Solution Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Electronic Invoicing Solution Market Players to Combat Covid-19 Impact
Table 10. Global Electronic Invoicing Solution Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Electronic Invoicing Solution Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Electronic Invoicing Solution Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Electronic Invoicing Solution Market Share by Regions (2015-2021)
Table 14. Global Electronic Invoicing Solution Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Electronic Invoicing Solution Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Electronic Invoicing Solution Market Growth Strategy
Table 20. Main Points Interviewed from Key Electronic Invoicing Solution Market Players
Table 21. Global Electronic Invoicing Solution Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Electronic Invoicing Solution Market Share by Players (2015-2021)
Table 23. Global Top Electronic Invoicing Solution Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Electronic Invoicing Solution Market as of 2019)
Table 24. Global Electronic Invoicing Solution Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Electronic Invoicing Solution Market Product Solution and Service
Table 27. Date of entering into Electronic Invoicing Solution Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 30. Global Electronic Invoicing Solution Market Size Share by Type (2015-2021)
Table 31. Global Electronic Invoicing Solution Market Revenue Market Share by Type (2021-2028)
Table 31. Global Electronic Invoicing Solution Market Size Share by Application (2015-2021)
Table 33. Global Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 34. Global Electronic Invoicing Solution Market Size Share by Application (2021-2028)
Table 35. North America Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 37. North America Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 38. North America Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 39. North America Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 40. North America Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 41. Europe Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 43. Europe Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 45. Europe Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 47. China Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 49. China Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 50. China Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 51. China Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 52. China Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 53. Japan Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 55. Japan Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 57. Japan Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 61. Southeast Asia Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 63. Southeast Asia Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 65. India Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 67. India Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 68. India Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 69. India Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 70. India Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Electronic Invoicing Solution Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Electronic Invoicing Solution Market Share (2019-2021)
Table 73. Central & South America Electronic Invoicing Solution Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Electronic Invoicing Solution Market Share by Type (2015-2021)
Table 75. Central & South America Electronic Invoicing Solution Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Electronic Invoicing Solution Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Electronic Invoicing Solution Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Electronic Invoicing Solution Market Share by Type: 2021 VS 2028
Figure 2. Global Electronic Invoicing Solution Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Electronic Invoicing Solution Market Report Years Considered
Figure 8. Global Electronic Invoicing Solution Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Electronic Invoicing Solution Market Share by Regions: 2021 VS 2028
Figure 10. Global Electronic Invoicing Solution Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Electronic Invoicing Solution Market Share by Players in 2019
Figure 13. Global Top Electronic Invoicing Solution Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Electronic Invoicing Solution Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Electronic Invoicing Solution Market Revenue in 2019
Figure 15. North America Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Electronic Invoicing Solution Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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