The article cited AMA's Global e-Invoicing Market Study explored substantial growth with CAGR of %. According the report, Use of block chain algorithm to increased security of documents
is one of the primary growth factors for the market. Growing attraction for easy accessible mobile payments
is also expected to contribute significantly to the e-Invoicing market. Overall, Banking sector
applications of e-Invoicing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Basware (Finland), Cegedim (France), Comrach (Poland), IBM (United States), Freshbooks (Canada), Xero (New Zealand), Tipali (United States), Zoho (India), Intacct (United States) and Intuit (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Deployment, such as On-premise, is boosting the e-Invoicing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global e-Invoicing market identified that the demand is rising in many different parts of the world as "Growing automation in business processes
". Furthermore, some recent industry insights like "In December 2023, SAP launches SAP Business Network Cloud a comprehensive platform for e-Invoicing, e-Orders, and other supply chain transactions. This platform offers an integrated solution for businesses to manage their entire financial workflow." is constantly making the industry dynamic. One of the challenges that industry facing is "Developing and implementing common standards and regulations for e-invoicing"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of e-Invoicing market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of e-Invoicing market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the e-Invoicing market tight? Which application/end-user category or Product Type [E-invoicing with compliance and E-invoicing without compliance] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the e-Invoicing market and other related sub-markets covered in the study.
o Key & emerging players in the e-Invoicing market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall e-Invoicing market size is calculated using market estimation process, the e-Invoicing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global e-Invoicing market size has been validated using both top-down and bottom-up approaches.