COVID-19: E-invoicing Market (2020-2024)- Roadmap for Recovery | Easy Accessibility of Mobile Payment Systems to Boost the Market Growth | TechnavioSeptember 11, 2020 12:30am

LONDON--(BUSINESS WIRE)--Sep 10, 2020--

Technavio has been monitoring the E-invoicing market and it is poised to grow by USD 6.93 billion during 2020-2024, progressing at a CAGR of over 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global E-invoicing Market 2020-2024 (Graphic: Business Wire).

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-users, which is the leading segment in the market?
  • The B2B segment is expected to be the leading segment based on end-users in the global market during the forecast period.
  • What are the major trends in the market?
  • Need to adhere to regulatory guidelines and ensure compliance is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 19%, the incremental growth of the market is anticipated to be USD 6.93 billion.
  • Who are the top players in the market?
  • Basware Corp., Cegedim SA, Comarch SA, Coupa Software Inc., International Business Machines Corp., Nipendo Ltd., SAP SE, The Sage Group Plc, TradeShift Inc., and Transcepta LLC. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Easy accessibility of mobile payment systems is one of the major factors driving the market. However, the threat of cyber-attacks and data privacy restraints the market growth.
  • How big is the Europe market?
  • The Europe region will contribute 44% of market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Basware Corp., Cegedim SA, Comarch SA, Coupa Software Inc., International Business Machines Corp., Nipendo Ltd., SAP SE, The Sage Group Plc, TradeShift Inc., and Transcepta LLC are some of the major market participants. The easy accessibility of mobile payment systems will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

E-invoicing Market 2020-2024: Segmentation

E-invoicing Market is segmented as below:

  • End-user
    • B2B
    • B2C
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR41123

E-invoicing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The E-invoicing market report covers the following areas:

  • E-invoicing Market Size
  • E-invoicing Market Trends
  • E-invoicing Market Analysis

This study identifies the need to adhere to regulatory guidelines and ensure compliance as one of the prime reasons driving the E-invoicing market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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E-invoicing Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist e-invoicing market growth during the next five years
  • Estimation of the e-invoicing market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the e-invoicing market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of e-invoicing market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • B2B - Market size and forecast 2019-2024
  • B2C - Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Basware Corp.
  • Cegedim SA
  • Comarch SA
  • Coupa Software Inc.
  • International Business Machines Corp.
  • Nipendo Ltd.
  • SAP SE
  • The Sage Group Plc
  • TradeShift Inc.
  • Transcepta LLC

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200910005668/en/

CONTACT: Technavio Research

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KEYWORD:

INDUSTRY KEYWORD: BANKING ACCOUNTING PROFESSIONAL SERVICES FINANCE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 09/10/2020 08:30 PM/DISC: 09/10/2020 08:30 PM

http://www.businesswire.com/news/home/20200910005668/en

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