TechDogs-"E-invoicing market to grow by 21.43% Y-O-Y from 2022 to 2023: Customer-centered solutions will drive growth -Technavio"

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E-invoicing market to grow by 21.43% Y-O-Y from 2022 to 2023: Customer-centered solutions will drive growth -Technavio

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TechDogs-"E-invoicing market to grow by 21.43%25 Y-O-Y from 2022 to 2023: Customer-centered solutions will drive growth -Technavio"
NEW YORK
, Dec. 20, 2022 /PRNewswire/ -- E-invoicing market insights -

  • Vendors: 15+, Including Basware Corp., Cegedim SA., Comarch SA., Coupa Software Inc., Esker SA., International Business Machines Corp., iPayables Inc., Kofax Inc., Nipendo Ltd., PaySimple Inc., Sage Group Plc, SAP SE, Taulia Inc., Tipalti Inc., TradeShift Inc., Transcepta LLC., Visma Solutions Oy, Webtel Electrosoft. Pvt. Ltd., Xero Ltd., Zoho Corp. Pvt. Ltd., among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: End-user (B2B and B2C), Deployment (Cloud-based and On-premises), and Geography (Europe, APAC, North America, South America, and Middle East and Africa)

To understand more about the e-invoicing market, request a sample report

In 2017, the e-invoicing market was valued at USD 5,602.70 million. From a regional perspective, Europe held the largest market share, valued at USD 2,715.63 million. The e-invoicing market size is estimated to grow by USD 15,330.37 million from 2022 to 2027 at a CAGR of 21.43% according to Technavio.

E-invoicing market - Customer landscape

To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • For highlights on customer landscape analysis, download a sample!

Global E-invoicing market - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

  • TradeShift Inc. - The company offers E-invoicing such as a B2B marketplace for E-procurement and AP automation & E-invoicing solution.
  • Taulia Inc - The company offers E-invoicing such as supply chain finance, cash forecasting, and invoice automation.
  • SAP SE - The company offers E-invoicing such as ERP and finance, database and data management, Analytics, CRM, and customer experience.

Global E-invoicing Market – Market Dynamics

Major drivers 

Convenience and easy accessibility of mobile payment systems

Need to adhere to regulatory guidelines and ensure compliance

Shift from capital expenditure model to operational expenditure model

Key challenges 

Threat of cyber-attacks and data privacy

Dependence on the internet and software

Inaccuracies in invoicing

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

The e-invoicing market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

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  • Analyzes competitor's offerings 
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What are the key data covered in this E-invoicing market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the e-invoicing market between 2023 and 2027
  • Precise estimation of the e-invoicing market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the e-invoicing industry across Europe, APAC, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of e-invoicing market vendors

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E-invoicing Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 21.43%

Market growth 2023-2027

USD 15,330.37 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

19.08

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key countries

US, China, UK, Germany, and Denmark

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Basware Corp., Cegedim SA., Comarch SA., Coupa Software Inc., Esker SA., International Business Machines Corp., iPayables Inc., Kofax Inc., Nipendo Ltd., PaySimple Inc., Sage Group Plc, SAP SE, Taulia Inc., Tipalti Inc., TradeShift Inc., Transcepta LLC., Visma Solutions Oy, Webtel Electrosoft. Pvt. Ltd., Xero Ltd, and Zoho Corp. Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global e-invoicing market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global e-invoicing market 2017 - 2021 ($ million)
  • 4.2 Geography Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.3 End-user Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
  • 4.4 Deployment type Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Deployment type Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

  • 6.1 Market segments
    • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 32: Chart on Comparison by End-user
    • Exhibit 33: Data Table on Comparison by End-user
  • 6.3 B2B - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on B2B - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on B2B - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on B2B - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on B2B - Year-over-year growth 2022-2027 (%)
  • 6.4 B2C - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on B2C - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on B2C - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on B2C - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on B2C - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by End-user 
    • Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Deployment

  • 7.1 Market segments
    • Exhibit 43: Chart on Deployment - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Deployment - Market share 2022-2027 (%)
  • 7.2 Comparison by Deployment 
    • Exhibit 45: Chart on Comparison by Deployment
    • Exhibit 46: Data Table on Comparison by Deployment
  • 7.3 Cloud-based - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
  • 7.4 On-premises - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on On-premises - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on On-premises - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Deployment 
    • Exhibit 55: Market opportunity by Deployment ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 59: Chart on Geographic comparison
    • Exhibit 60: Data Table on Geographic comparison
  • 9.3 Europe - Market size and forecast 2022-2027 
    • Exhibit 61: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 62: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 63: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 64: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.4 APAC - Market size and forecast 2022-2027 
    • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.5 North America - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 UK - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.10 China - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 Denmark - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on Denmark - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Denmark - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Denmark - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Denmark - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 104: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 106: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 107: Matrix on vendor position and classification
  • 12.3 Basware Corp.
    • Exhibit 108: Basware Corp. - Overview
    • Exhibit 109: Basware Corp. - Product / Service
    • Exhibit 110: Basware Corp. - Key news
    • Exhibit 111: Basware Corp. - Key offerings
  • 12.4 Cegedim SA.
    • Exhibit 112: Cegedim SA. - Overview
    • Exhibit 113: Cegedim SA. - Business segments
    • Exhibit 114: Cegedim SA. - Key offerings
    • Exhibit 115: Cegedim SA. - Segment focus
  • 12.5 Comarch SA.
    • Exhibit 116: Comarch SA. - Overview
    • Exhibit 117: Comarch SA. - Product / Service
    • Exhibit 118: Comarch SA. - Key offerings
  • 12.6 Coupa Software Inc.
    • Exhibit 119: Coupa Software Inc. - Overview
    • Exhibit 120: Coupa Software Inc. - Product / Service
    • Exhibit 121: Coupa Software Inc. - Key offerings
  • 12.7 Esker SA.
    • Exhibit 122: Esker SA. - Overview
    • Exhibit 123: Esker SA. - Product / Service
    • Exhibit 124: Esker SA. - Key offerings
  • 12.8 International Business Machines Corp. 
    • Exhibit 125: International Business Machines Corp. - Overview
    • Exhibit 126: International Business Machines Corp. - Business segments
    • Exhibit 127: International Business Machines Corp. - Key news
    • Exhibit 128: International Business Machines Corp. - Key offerings
    • Exhibit 129: International Business Machines Corp. - Segment focus
  • 12.9 iPayables Inc.
    • Exhibit 130: iPayables Inc. - Overview
    • Exhibit 131: iPayables Inc. - Product / Service
    • Exhibit 132: iPayables Inc. - Key offerings
  • 12.10 Kofax Inc.
    • Exhibit 133: Kofax Inc. - Overview
    • Exhibit 134: Kofax Inc. - Product / Service
    • Exhibit 135: Kofax Inc. - Key offerings
  • 12.11 Nipendo Ltd.
    • Exhibit 136: Nipendo Ltd. - Overview
    • Exhibit 137: Nipendo Ltd. - Product / Service
    • Exhibit 138: Nipendo Ltd. - Key offerings
  • 12.12 PaySimple Inc.
    • Exhibit 139: PaySimple Inc. - Overview
    • Exhibit 140: PaySimple Inc. - Product / Service
    • Exhibit 141: PaySimple Inc. - Key offerings
  • 12.13 Sage Group Plc
    • Exhibit 142: Sage Group Plc - Overview
    • Exhibit 143: Sage Group Plc - Business segments
    • Exhibit 144: Sage Group Plc - Key news
    • Exhibit 145: Sage Group Plc - Key offerings
    • Exhibit 146: Sage Group Plc - Segment focus
  • 12.14 SAP SE
    • Exhibit 147: SAP SE - Overview
    • Exhibit 148: SAP SE - Business segments
    • Exhibit 149: SAP SE - Key news
    • Exhibit 150: SAP SE - Key offerings
    • Exhibit 151: SAP SE - Segment focus
  • 12.15 Taulia Inc.
    • Exhibit 152: Taulia Inc. - Overview
    • Exhibit 153: Taulia Inc. - Product / Service
    • Exhibit 154: Taulia Inc. - Key offerings
  • 12.16 TradeShift Inc.
    • Exhibit 155: TradeShift Inc. - Overview
    • Exhibit 156: TradeShift Inc. - Product / Service
    • Exhibit 157: TradeShift Inc. - Key offerings
  • 12.17 Transcepta LLC.
    • Exhibit 158: Transcepta LLC. - Overview
    • Exhibit 159: Transcepta LLC. - Product / Service
    • Exhibit 160: Transcepta LLC. - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 161: Inclusions checklist
    • Exhibit 162: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 163: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 164: Research methodology
    • Exhibit 165: Validation techniques employed for market sizing
    • Exhibit 166: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 167: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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First published on Wed, Dec 21, 2022

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