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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.
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.
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:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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)|
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