About E-invoicing Software
An e-invoicing software automates the process of managing teh electronic invoicing and accounting which is generated by sellers system, online bank, etc. The software helps in downloading the e-invoice file provided by the e-invoicing operator, it is used widely by the industries and many small-medium enterprises across the world. Software that automates the creation, sending, receiving, and processing of electronic invoices in a standardized format. Replaces traditional paper-based invoices with digital versions, streamlining the invoicing process and improving efficiency. As the software eliminates the sending paper invoices work and saves cost, the e-invoice is available in teh structured data form.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The E-Invoicing software market is a rapidly evolving landscape with various players competing for market share. Selecting the right solution depends on specific needs, budget, and target market. Choosing a provider with a strong track record, proven compliance, and innovative features is crucial for success. 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.
FreshBooks (Canada), Sage Group plc (United Kingdom), Zoho Corporation (India), Intuit Inc. (United States), Priority Software Ltd. (Acclivity) (United States), Brightpearl (United Kingdom), FinancialForce (United States), Coupa Software (United States) and Sovos Compliance, LLC. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GlobalSCAPE (Texas), eflexis (Georgia), Sovos (Spain) and EDICOM (Spain).
Segmentation Overview
AMA Research has segmented the market of Global E-invoicing Software market by , Application (Small-medium Enterprise and Large Enterprise) and Region.
On the basis of geography, the market of E-invoicing Software 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 Device, the sub-segment i.e. PC will boost the E-invoicing Software 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-invoicing Software 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. AP Process Automation will boost the E-invoicing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of E-invoicing Software in the Small-medium Enterprise for the Proper Operation
Market Growth Drivers:
Demand for Automation in Accounting and Payment Cycles, Increasing Online Transaction and other Financial Operation and Need for Enhancing Compliances, Preventing Errors, Losses and Frauds in the Accounting
Challenges:
Technical glitches and Upgradation Issues Associated with E-invoicing Software
Restraints:
Data Thefts Related Risks with E-invoicing Software
Opportunities:
Emerging Big Data Analytics Technology will Boost the E-invoicing Software and Regulatory Push Towards Electronic Invoicing
Market Leaders and their expansionary development strategies
In October 2023, SAP teams up with Peppol integrates Peppol's network with SAP's solutions, fostering broader e-invoicing adoption across large enterprises.
In September 2023, SAP launches Business Network Cloud Connect seamless integration with existing ERP systems for simplified e-invoicing workflows within business operations.
Key Target Audience
E-invoicing Software Developers, E-invoicing Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.