E-Invoicing Market Segments: by end user (B2C, B2B, and others); by (Deployment into Cloud and on premises) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
E-invoicing applies solely to the electronic exchange of invoices among buyers and suppliers. Depending on the legislation and types of businesses that operate in their respective countries, numerous regions describe e-invoicing in different ways. Electronic invoices are classified as structured invoices with more than seven required fields of supplier and buyer verification for the context of this analysis. The direct supplier model, direct buyer model, Software as a service/platform as a service (PaaS) model, network model, four corner model, multi-domain model, and hybrid cloud model are numerous options adopted for the exchange of e-invoices throughout enterprises.
Market Highlights
Global E-Invoicing Market is expected to project a notable CAGR of 17.40% in 2030.
Global E-Invoicing Market to surpass USD 16.68 billion by 2030 from USD 5.87 billion in 2020 at a CAGR of 17.40% in the coming years, i.e., 2021-30. One of the major elements that create a positive outlook for the market is tremendous growth in the e-commerce sector. Moreover, the broad integration of smart IT solutions in the banking, financial services, and insurance (BFSI), energy, telecommunications, and retail industries also boosts the growth of the global market. This is in accordance with the flexible e-invoicing solutions provided by product suppliers to assist the changing operational patterns. Various technologies, such as the expansion of the cloud-based invoicing web and software-based applications, the Internet of Things (IoT), and predictive analytics, also contribute to market growth. The company's development is one of the main driving forces behind the growth process. The market is also anticipated to be further driven by other factors, including the high acceptance of blockchain technologies to guarantee the safety of documents, as well as the emerging trend of document digitalization towards effective processing and compliance.
Global E-Invoicing Market: Segments
Cloud segment to grow with the highest CAGR during 2020-30
Global E-Invoicing Market is segmented by Deployment into Cloud and on-premises. Cloud, segment held the largest market share in the year 2020. The providers of cloud solutions help their customers fulfill legal requirements and tax obligations, as well as guarantee end-to-end data security. In different branches, some of the main factors that encourage cloud-based solutions entail easy use, interoperability, cost savings, easy implementation, and on-demand characteristics. The vast and ever-growing number of SMEs across the world adds to the need for cloud-based E-invoicing methods in terms of the benefits offered by cloud solutions
B2C segment to grow with the highest CAGR during 2020-30
Global E-Invoicing Market is divided by end-user into B2C, B2B, and others. B2C Leisure segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years. B2C transactions include companies which directly sell products and services to clients. The rising population, increasing spending power, changing consumer behavior, and growing e-commerce trends are some of the key factors contributing to the development of B2C transactions globally. This segment generates a considerable number of invoices compared to B2B and B2G segments, due to a growing number of transactions on a constant basis.
Global E-Invoicing Market Dynamics
Drivers
E-commerce Growth
One of the major elements that create a positive outlook for the market is tremendous growth in the e-commerce sector. Moreover, the broad integration of smart IT solutions in the banking, financial services, and insurance (BFSI), energy, telecommunications, and retail industries also boosts the growth of the global market. This is in accordance with the flexible e-invoicing solutions provided by product suppliers to assist the changing operational patterns
Penetration of IoT
Various technologies, such as the expansion of cloud-based invoicing web and software-based applications, the Internet of Things (IoT), and predictive analytics, also contribute to market growth. The company's development is one of the main driving forces behind the growth process.
Restraint
High initial cost
The high initial implementation costs and cost-effective E-Invoicing availability could hinder the growth on the market. Most key players restrict themselves due to high initial costs and thus limiting the market growth.
Global E-Invoicing Market: Key Players
Basware Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Transcepta LLC
The Sage Group Plc
Cegedim SA
IBM Corporation
Trade shift
Coupa Software Inc.
Comarch SA
Nipendo Ltd.
SAP SE
Other Prominent Players
Global E-Invoicing Market: Regions
Global E-Invoicing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global E-Invoicing Market in Europe held the largest market share of XX.X% in the year 2020. During the projected timeline Europe is projected to dominate over E-Invoicing. Initiatives by governments that mandate use of B2B and B2C e-invoicing procedures in countries like the United Kingdom, Denmark, Sweden, and Norway have an important impact upon the market growth of e-invoicing in this region.
Global E-Invoicing Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global E-Invoicing Market report also contains analysis on:
E-Invoicing Segments
By End-User
B2C
B2B
others
By Deployment
Cloud
On-Premises
E-Invoicing Market Dynamics
E-Invoicing Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global E-Invoicing Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global E-Invoicing Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global E-Invoicing Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global E-Invoicing Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By end user: Market Share (2020-2030F)
1. B2C,By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. B2B, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Deployment Type: Market Share (2020-2030F)
1. Cloud, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. on premises, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Basware Corporation
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Transcepta LLC
3. The Sage Group Plc
4. Cegedim SA
5. IBM Corporation
6. Trade shift
7. Coupa Software Inc.
8. Comarch SA
9. Nipendo Ltd.
10. SAP SE
11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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