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E-Invoicing Market Trends and Drivers:
The e-invoicing market is primarily driven by the rising digitization. In addition, the shift toward digital transformation and the increasing use of mobile devices and connectivity allows businesses to create, send, receive, and manage invoices on the go, enhancing flexibility and responsiveness in financial operations thus influencing market growth. Moreover, companies are embracing digital tools and technologies and integrating their systems for seamless communication and data exchange with e-invoicing by providing a standardized, electronic format for invoices that can be easily integrated into various accounting and ERP systems, representing another major growth-inducing factor. Besides this, the growing awareness of environmental sustainability led to the widespread adoption of e-invoicing to reduce paper consumption and contribute to a greener, sustainable future, which helps businesses to minimize their carbon footprint, thus accelerating the sales demand. Furthermore, several governments are implementing initiatives to encourage e-invoicing to enhance transparency, combat tax evasion, and promote digitalization, thus creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Channel:
- B2B
- B2C
- Others
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Application:
- Energy and Utilities
- FMCG
- E-Commerce
- BFSI
- Government
- Others
Breakup by Region:
- North America (U.S. & Canada) Europe (Germany
- United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape with the key players:
- Araize Inc.
- Basware Oyj
- Brightpearl
- Cegedim (FCB SAS)
- Comarch SA
- Coupa Software Incorporated
- International Business Machines Corporation
- Nipendo Ltd.
- Paysimple Inc. (EverCommerce)
- SAP Ariba (SAP SE)
- The Sage Group Plc
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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