Market Overview:
The United States e-invoicing market is expected to exhibit a CAGR of 21.76% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Electronic invoicing, or e-invoicing, generates electronic bills during the exchange of goods and services through a digital platform. It encloses debit and credit notes, purchase orders and remittance vouchers specifying the terms and conditions of the payment. Usually conducted through smart devices, such as smartphones, laptops, computers and tablets, e-invoicing can also be deployed via the cloud and on-premises solutions. Cloud-based e-invoicing offers multiple benefits, including enhanced invoice accuracy and data quality, faster invoice-processing time and transparency, and reduced instances of delayed payments and human errors. Therefore, e-invoicing helps track business transactions while simultaneously reducing system design, implementation, training, customization, and maintenance costs.
United States E-Invoicing Market Trends:
The market is primarily driven by substantial growth in the e-commerce industry. The widespread adoption of traditional invoice alternatives in advanced information technology (IT) solutions across the energy, telecommunications, retail, and banking, financial services and insurance (BFSI) industries represents one of the critical factors that create a positive outlook for the market. In line with this, continual improvements in the cloud-integrated web and software-based invoicing applications and the widespread adoption of artificial intelligence (AI), internet of things (IoT) and analytics tools are contributing to the market growth across the country. Additionally, the rising need for flexible e-invoicing solutions to support the frequently changing operational patterns by the vendors, the increasing adoption of blockchain technology to ensure document security, the emerging trend of document digitization for compliance requirements, and rapid industrial digitization for efficient processing are further driving the demand for e-invoicing across the United States.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States e-invoicing market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on channel, deployment type and application.
Breakup by Channel:
Breakup by Deployment Type:
Breakup by Application:
- Energy and Utilities
- FMCG
- E-Commerce
- BFSI
- Government
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Channel, Deployment Type, Application, Region |
| Region Covered |
Northeast, Midwest, South, West |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States e-invoicing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States e-invoicing market?
- What are the key regional markets?
- What is the breakup of the market based on the channel?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States e-invoicing market and who are the key players?
- What is the degree of competition in the industry?
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 United States 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 Northeast
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Midwest
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 South
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 West
9.4.1 Market Trends
9.4.2 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 Policy and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: United States: E-Invoicing Market: Major Drivers and Challenges
Figure 2: United States: E-Invoicing Market: Sales Value (in Million US$), 2016 - 2021
Figure 3: United States: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: United States: E-Invoicing Market: Breakup by Channel (in %), 2021
Figure 5: United States: E-Invoicing Market: Breakup by Deployment Type (in %), 2021
Figure 6: United States: E-Invoicing Market: Breakup by Application (in %), 2021
Figure 7: United States: E-Invoicing Market: Breakup by Region (in %), 2021
Figure 8: United States: E-Invoicing (B2B) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: United States: E-Invoicing (B2B) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: United States: E-Invoicing (B2C) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11 United States: E-Invoicing (B2C) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: United States: E-Invoicing (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: United States: E-Invoicing (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: United States: E-Invoicing (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: United States: E-Invoicing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: United States: E-Invoicing (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: United States: E-Invoicing (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: United States: E-Invoicing (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: United States: E-Invoicing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: United States: E-Invoicing (FMCG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: United States: E-Invoicing (FMCG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: United States: E-Invoicing (E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: United States: E-Invoicing (E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: E-Invoicing (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: E-Invoicing (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: E-Invoicing (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: E-Invoicing (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: E-Invoicing (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: E-Invoicing (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Northeast: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Northeast: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Midwest: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Midwest: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: South: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: South: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: West: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: West: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: E-Invoicing Industry: SWOT Analysis
Figure 39: United States: E-Invoicing Industry: Value Chain Analysis
Figure 40: United States: E-Invoicing Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: E-Invoicing Market: Key Industry Highlights, 2021 and 2027
Table 2: United States: E-Invoicing Market Forecast: Breakup by Channel (in Million US$), 2022-2027
Table 3: United States: E-Invoicing Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 4: United States: E-Invoicing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: United States: E-Invoicing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: United States: E-Invoicing Market: Competitive Structure
Table 7: United States: E-Invoicing Market: Key Players