About E-Billing
E billing is an electronic billing which involves paying and receiving bills online. E-billing is a paperless approach to sending invoices and processing customer payments via the internet. E-billing is made possible by an electronic billing system or accounting software with embedded capabilities in their core systems that generates and sends bills to customers, accepts payments and tracks related data. Among its benefits: E-billing can increase invoice accuracy, accelerate the billing process and improve cash flow. These are generated digitally by the computer and software application. E billing also involves the system that helps the bills to be paid electronically. Further, the bill is generated with accounting or financial software solution and then sent to email or web based portal. This allows the payer to access and manage the copies or update information. E billing is leveraged by accounts payable and accounts receivable to automate the workflows and reduce reliance on paper based processes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The E-Billing market is a dynamic and promising space with vast potential for further growth. The players who can adapt to evolving trends, leverage cutting-edge technologies, and address specific business needs will be the ones to shape the future of streamlined and efficient invoicing processes. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global E-Billing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Ariba Inc. (United States), Nipendo (United States), ReadSoft (United States), Taulia (United States), TradeShift (United States), Transcepta LLC (United States), Cegedim (France), Comarch (Poland) and FreshBooks (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zoho Corporation Pvt. Ltd. (India), Xero (New Zealand), Intuit (United States) and Brightpearl (United States).
Segmentation Overview
AMA Research has segmented the market of Global E-Billing market by and Region.
On the basis of geography, the market of E-Billing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. Energy will boost the E-Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud based will boost the E-Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Billing portal will boost the E-Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Subscription, the sub-segment i.e. Monthly will boost the E-Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Paperless Invoicing Model and Emergence of Public and Private Cloud Computing
Market Growth Drivers:
Growing Need to Automate E Invoicing Procedure and Features such as Billing Portal, Contact Data Base, and Mobile Payments
Challenges:
Complexity Involved in Electronic Purchasing Procedure
Restraints:
High Initial Costs to Install the E Billing Software
Opportunities:
Rising Demand of Dispute Handling and Improved Compliance and Better IT Systems
Market Leaders and their expansionary development strategies
In October 2023, IBM and Peppol teamed up to offer Peppol-compliant e-invoicing solutions to businesses in North America and Asia, expanding Peppol's reach beyond Europe.
In November 2023, Pilot Launch of Upgraded Electronic Bank Realisation Certificate (eBRC) System. The Ministry of Commerce and Industry launched a pilot program for the revamped eBRC system. This upgraded system aims to streamline export financing and reporting processes for exporters.
Key Target Audience
E- Billing Software provides, Government associations, Research organizations, Enterprise software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.