*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

E-Invoicing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global e-invoicing market reached a value of US$ 6.6 Billion in 2020. Electronic invoicing, or e-invoicing, refers to the generation of electronic bills through a digital platform during an exchange of goods and services. It is usually conducted through various smart devices, such as mobile phones, laptops and tablets, and includes purchase orders, debit and credit notes and remittance vouchers that specify the terms and conditions of the payment. E-invoicing can also be deployed through the cloud and on-premises solutions that offer various other benefits, such as improved invoice accuracy and data quality, reduced instances of delayed payments and faster invoice-processing time and transparency. Apart from this, it aids in convenient tracking of business transactions and minimizing the costs associated with system design, customization, implementation, training and maintenance.

Significant growth in the e-commerce industry is one of the key factors creating a positive outlook for the market. Furthermore, widespread adoption of advanced information technology (IT) solutions across the banking, financial services and insurance (BFSI), energy, telecommunications and retail industries, is also driving the market growth. In line with this, product vendors are also offering flexible e-invoicing solutions to support the frequently changing operational patterns. Additionally, various technological advancements, such as the development of web and software-based invoicing applications that can be integrated with the cloud, artificial intelligence (AI), Internet of Things (IoT) and predictive analytics tools, are contributing to the market growth. Other factors, including the increasing adoption of blockchain technology to ensure the security of documents, along with the emerging trend of document digitalization for efficient processing and compliance requirements, are anticipated to drive the market further. Looking forward, IMARC Group expects the global e-invoicing market to exhibit strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global e-invoicing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, channel, deployment type and application.

Breakup by Channel:

  • B2B
  • B2C
  • Others
     

Breakup by Deployment Type:

  • Cloud-based
  • On-premises
     

Breakup by Application:

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

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Araize Inc., Basware Oyj, Brightpearl, Cegedim (FCB SAS), Comarch SA, Coupa Software Incorporated, International Business Machines Corporation, Nipendo Ltd., Paysimple Inc. (EverCommerce), SAP Ariba (SAP SE) and The Sage Group Plc.

Key Questions Answered in This Report

The global e-invoicing market size was valued at US$ 6.6 Billion in 2020.

According to the estimates by IMARC Group, the global e-invoicing market is expected to exhibit strong growth during 2021 to 2026.

Rapid digitalization, coupled with the increasing penetration of e-billing trend in the retail sector, represent some of key drivers for the global e-invoicing market.

Several technological advancements have led to the development of web and software-based invoicing applications that can be integrated with the cloud, artificial intelligence (AI), Internet of Things (IoT), and predictive analytics tools. This represents one of the key trends in the global e-invoicing market.

Sudden outbreak of the COVID-19 pandemic had led to a gradual shift from brick-and-mortar distribution channels towards e-commerce platforms, thereby augmenting the demand for e-invoicing.

On the basis of the channel, the market has been classified into B2B, B2C and others. Among these, B2C holds the largest market share.

On the basis of the deployment type, the market has been bifurcated into cloud-based and on-premises. At present, cloud-based exhibits a clear dominance in the market.

On the basis of the application, the market has been classified into energy and utilities, FMCG, E-commerce, BFSI, government, and others. Currently, E-commerce represents the largest segment.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.

On the basis of the application, the market has been classified into energy and utilities, FMCG, E-commerce, BFSI, government, and others. Currently, E-commerce represents the largest segment.

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global E-Invoicing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Channel
    6.1    B2B
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    B2C
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Deployment Type
    7.1    Cloud-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    On-premises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    Energy and Utilities
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    FMCG
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    E-Commerce
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    BFSI
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Government
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Araize Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Basware Oyj
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials 
           14.3.2.4 SWOT Analysis
        14.3.3    Brightpearl
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
        14.3.4    Cegedim (FCB SAS)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials 
        14.3.5    Comarch SA
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
        14.3.6    Coupa Software Incorporated
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
        14.3.7    International Business Machines Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials 
           14.3.7.4 SWOT Analysis
        14.3.8    Nipendo Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Paysimple Inc. (EverCommerce)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    SAP Ariba (SAP SE)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    The Sage Group Plc
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: E-Invoicing Market: Major Drivers and Challenges
Figure 2: Global: E-Invoicing Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: E-Invoicing Market: Breakup by Channel (in %), 2020
Figure 4: Global: E-Invoicing Market: Breakup by Deployment Type (in %), 2020
Figure 5: Global: E-Invoicing Market: Breakup by Application (in %), 2020
Figure 6: Global: E-Invoicing Market: Breakup by Region (in %), 2020
Figure 7: Global: E-Invoicing Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: E-Invoicing (B2B) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: E-Invoicing (B2B) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: E-Invoicing (B2C) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11 Global: E-Invoicing (B2C) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: E-Invoicing (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: E-Invoicing (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: E-Invoicing (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: E-Invoicing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: E-Invoicing (On-premises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: E-Invoicing (On-premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: E-Invoicing (Energy and Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: E-Invoicing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: E-Invoicing (FMCG) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: E-Invoicing (FMCG) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: E-Invoicing (E-Commerce) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: E-Invoicing (E-Commerce) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: E-Invoicing (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: E-Invoicing (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: E-Invoicing (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: E-Invoicing (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: E-Invoicing (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: E-Invoicing (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia Pacific: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia Pacific: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: E-Invoicing Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: E-Invoicing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Global: E-Invoicing Industry: SWOT Analysis
Figure 79: Global: E-Invoicing Industry: Value Chain Analysis
Figure 80: Global: E-Invoicing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: E-Invoicing Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: E-Invoicing Market Forecast: Breakup by Channel (in Million US$), 2021-2026
Table 3: Global: E-Invoicing Market Forecast: Breakup by Deployment Type (in Million US$), 2021-2026
Table 4: Global: E-Invoicing Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: E-Invoicing Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: E-Invoicing Market Structure
Table 7: Global: E-Invoicing Market: Key Players

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