About SaaS- based Invoice Software
A software-as-a-service (SaaS) application is a third-party programme that is accessible through the internet and does not require a physical connection to a single device. Microsoft Office 365 and Amazon Web Services are both software-as-a-service (SaaS) providers. 'Subscription billing' or 'Recurring billing' are common terms for SaaS invoice. Simply defined, SaaS invoice software is a method for automatically deducting money from consumers for the use of a product or service on a regular basis. Growing adoption of digital businesses as well as increasing penetration of internet has allowed the expansion of SaaS based invoice software market. North America is the leading market of SaaS based invoice software.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
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.
Zuora (United States), Zoho Corporation (India), Xero (New Zealand), SuiteDash (United States), Stripe (Ireland), Chargify (United States), Invoicera (India), FreshBooks (Canada), Coupa Software (United States), Bill.com Holdings (United States) and Intuit Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global SaaS- based Invoice Software market by Type (Payment Gateway, Merchant Account and Subscription Management) and Region.
On the basis of geography, the market of SaaS- based Invoice 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 Organisation Size , the sub-segment i.e. SMEs will boost the SaaS- based Invoice 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. On Cloud will boost the SaaS- based Invoice Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
On Cloud Segment is expected to grow with Fastest Rate
Market Growth Drivers:
Increasing Adoption of Digital Solutions by Businesses, Rising Penetration of Internet and Growing Popularity of E-Commerce
Challenges:
Emergence of Large Number of E-Frauds and Training of Staff Required
Restraints:
Lack of Required Telecom Infrastructure in Certain Developing Countries
Opportunities:
Designing Scalable Solutions in SaaS based Invoice Software Market
Market Leaders and their expansionary development strategies
In 2021, Bill.com, a United States based software developer specialised in providing Smart AP & AR Automation & New Bill Payment solutions has announced signing of a definitive agreement to acquire Invoice2go. The acquisition is valued at USD 625 million. Invoice2go is a leading mobile-first accounts receivable (AR) software company that helps small companies and freelancers increase their client base, manage invoicing and payments, establish their brand, and more. Invoice2go has a big customer base of small enterprises all around the world.
In 2021, Libeo, a France based fintech company specialised in developing a unique platform to collect, manage and pay all your supplier invoices has announced acquisition of TrackPaym. Company has created a Software-as-a-Service (SaaS) solution that automates the sending, issuance of reminders, and tracking of invoices for SOHOs and SMEs, decreasing the time it takes for their customers to pay them. The two companies have highly complementary product portfolio and thus their combined synergies will accelerate growth in the sector.
Key Target Audience
SaaS- based Invoice Software Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
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.