More
    HomeTechnologyE-Invoicing Market Predicted to Hit USD 46.88 Bn by 2030 at a...

    E-Invoicing Market Predicted to Hit USD 46.88 Bn by 2030 at a CAGR of 19.91%

    Published on

    Revolutionizing Finance, The Digital Wave of E-Invoicing Unleashes Global Growth Opportunities

    SNS Insider, a leading research firm, reveals that the global E-Invoicing Market is set to surpass USD 46.68 billion by 2030, marking a significant increase from its valuation of USD 10.92 billion in 2022. The market is expected to grow at a remarkable CAGR of 19.91% during the forecast period of 2023-2030.

    Market Overview:

    E-invoicing, or electronic invoicing, is revolutionizing the way businesses create, send, receive, and process invoices. This digital method eliminates the reliance on traditional paper-based processes, leveraging electronic formats and automated systems for seamless invoicing. Businesses across various sectors, including BFSI, energy, telecommunications, and retail, are embracing this transformation to enhance efficiency and reduce costs.

    Both on-premises and cloud-based e-invoicing systems are available, and both offer a number of extra benefits such as improved invoice accuracy and data quality, fewer instances of payment delays, and faster, more transparent invoice processing.

    Get a Sample Report of E-Invoicing Market @ https://www.snsinsider.com/sample-request/1959

    Major Key Players Included in the Report are:

    • Basware Corporation
    • Cegedim SA
    • Comarch SA
    • Coupa Software Inc
    • IBM Corporation
    • Nipendo Ltd
    • SAP SE
    • The Sage Group plc
    • Tradeshift
    • Transcepta LLC
    • Others

    Market Analysis:

    The global shift toward digitalization and automation is propelling the E-Invoicing Market forward. As businesses aim to streamline operations, electronic invoicing provides a faster, more accurate, and cost-effective alternative to traditional methods. Regulatory initiatives worldwide, aimed at curbing tax evasion and improving financial transparency, act as catalysts for market growth. The focus on sustainability further fuels adoption, with businesses recognizing the environmental impact of paper-based processes.

    Segmentation Analysis:

    By Channel: B2C transactions benefit from e-invoicing’s efficiency, allowing customers to receive invoices via email or online portals, aligning with their digital expectations.

    By Application: E-commerce transactions benefit from the automation capabilities of e-invoicing, facilitating swift generation, delivery, and processing of invoices on a large scale.

    Market Segmentation and Sub-Segmentation Included Are:

    On The Basis of Channel

    • B2B
    • B2C
    • Others

    On The Basis of Deployment Type

    • Cloud-based
    • On-premises

    On The Basis of Application

    • Energy and Utilities
    • FMCG
    • E-Commerce
    • BFSI
    • Government
    • Others

    Key Regional Developments:

    Latin America: Anticipated to witness maximum growth, driven by higher acceptance and penetration of fiscal document exchange in e-format, particularly in Chile and Brazil.

    North America: Poised for strong growth due to an increasing volume of E-invoices and greater acceptance for electronic transactions between trading partners.

    Key Takeaway:

    European governments’ proactive promotion of e-invoicing through regulatory mandates and standardization efforts positions the region as a key player in the global market. Asia Pacific is also expected to experience robust growth, particularly in China, driven by the increased deployment of cloud platforms in billing activities.

    Recent Developments:

    • The Sage Group: Introduces AI-powered capabilities to automate invoice creation, approval workflows, and payment processing, enhancing real-time analytics and reporting.
    • SAP Ariba: Enhances e-invoicing and procurement solutions to improve supplier collaboration, optimize procurement processes, and enhance end-to-end supply chain visibility.
    • As the E-Invoicing Market continues its upward trajectory, businesses globally are urged to embrace digital transformation for more efficient and sustainable financial processes.

    Table of Contents – Major Key Points

    1. Introduction
    2. Research Methodology
    3. Market Dynamics
    4. Impact Analysis
      • COVID-19 Impact Analysis
      • Impact of Ukraine- Russia war
      • Impact of ongoing Recession on Major Economies
    5. Value Chain Analysis
    6. Porter’s 5 Forces Model
    7. PEST Analysis
    8. E-Invoicing Market Segmentation, by Channel
    9. E-Invoicing Market Segmentation, by Deployment Type
    10. E-Invoicing Market Segmentation, by Application
    11. Regional Analysis
    12. Company Profiles
    13. Competitive Landscape
    14. Conclusion

    Latest articles

    High Power Transformers Trends: Evolution in Design, Technology, and Sustainability

    The High Power Transformers Market size was valued at $ 12.82 bn in 2023...

    Fibre Optical Cable Market Dynamics: Regional Insights and Growth Trends 2024–2031

    The Fiber Optical Cable Market size was valued at $ 11.85 bn in 2023...

    Global RF Power Amplifier Market Share Expected to Grow Significantly by 2031: Market Trends, Analysis, and Forecast

    RF Power Amplifier Market Scope & Overview The research results featured in the market report...

    Driving Forward: Automotive Center Stack Market 2030 Insights

    The Automotive Center Stack Market is anticipated to witness a growth at a CAGR of...

    More like this

    High Power Transformers Trends: Evolution in Design, Technology, and Sustainability

    The High Power Transformers Market size was valued at $ 12.82 bn in 2023...

    Fibre Optical Cable Market Dynamics: Regional Insights and Growth Trends 2024–2031

    The Fiber Optical Cable Market size was valued at $ 11.85 bn in 2023...

    Global RF Power Amplifier Market Share Expected to Grow Significantly by 2031: Market Trends, Analysis, and Forecast

    RF Power Amplifier Market Scope & Overview The research results featured in the market report...