E-invoicing Market Size to Grow by $ 15.49 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the e-invoicing market and it is expected to grow by $ 15.49 bn, accelerating at a CAGR of almost 28% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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E-invoicing Market: Emerging Trends to Impact Market Growth
Shift from capital expenditure (CAPEX) model to operational expenditure (OPEX) model to emerge as a key trend in the e-invoicing market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
E-invoicing Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Basware Corp., Cegedim SA, Comarch SA, Coupa Software Inc., International Business Machines Corp., Nipendo Ltd., SAP SE, Sage Group Plc, TradeShift Inc., and Transcepta LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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E-invoicing Market Size to Grow by $ 15.49 bn During 2021-2025
Technavio has been monitoring the e-invoicing market and it is expected to grow by $ 15.49 bn, accelerating at a CAGR of almost 28% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
E-invoicing Market: APAC to lead market growth during the forecast period
E-invoicing Market: Key Highlights of the Report for 2021-2025
E-invoicing Market Size to Grow by Over 15 Billion through 2021-2025
The Global E-invoicing Market is expected to grow by $ 15.49 billion, accelerating at a CAGR of over 28% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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E-invoicing Market: Segmentation by End-user
E-invoicing segmentation by end-user includes B2B and B2C. Rapid growth in globalization and the growing demand for internet-based centralized systems for billing/invoicing in organizations such as IT, banking, financial services and insurance (BFSI), and retail companies is driving the growth of the market by the B2B segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the e-invoicing market size. BFSI, retail, and telecommunications are the key sectors that are increasingly adopting e-invoicing practices to shift from capital expenditure model to operational expenditure model. The convenience and easy accessibility of mobile payment systems are driving the adoption of e-invoicing solutions. Mobile-based platforms and applications have simplified banking, commercial transactions, and billing payments.
E-invoicing Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Basware Corp., Cegedim SA, Comarch SA, Coupa Software Inc., International Business Machines Corp., Nipendo Ltd., SAP SE, Sage Group Plc, TradeShift Inc., and Transcepta LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
