North American e-Invoicing Market 2020-2027 with COVID-19 Impact Analysis - ResearchAndMarkets.com

DUBLIN--()--The "North America E-Invoicing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type; End-User" report has been added to ResearchAndMarkets.com's offering.

The North America e-Invoicing market was valued at US$ 890.1 million in 2019 and is projected to reach US$ 2,776.3 million by 2027; it is expected to grow at a CAGR of 15.8% from 2020 to 2027.

Millions of invoices are generated across the globe on a daily basis, and only a fraction of these is in the form of e-invoices; hence, there is a huge growth potential for the e-Invoicing market players in North America. The present manual and paper-based invoice generation processes are erroneous and reduce the overall productivity of a business. With adoption of e-Invoicing, businesses can save substantial costs related to Invoicing generation and transmission to end customers.

The advantages of e-Invoicing such as easy tracking of business transactions, reduced payment process time, low human errors, and increased cost savings are further complementing the growth of e-Invoicing market in North America. In addition, increasing number of initiatives by global associations such as ConnectONCE, OpenPEPPOL, EESPA, and GS1 to improve the interoperability among various international e-Invoicing formats are further anticipated to fuel the adoption of flexible cloud based e-Invoicing solutions.

The cloud segment led the North America e-Invoicing market, based on type, from 2020 to 2027. Large organizations have been using e-Invoicing solutions deployed on-premises, but the limited scalability of these solutions have been restricting the mass rollout of e-Invoicing among SMEs and other sectors. The setup, regular maintenance, and upgrading requirements of on-premises solutions increase the operational cost for companies, thereby hindering the growth of the market for on-premises e-Invoicing solutions.

Key Topics Covered

1. Introduction

1.1 Study Scope

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. E-Invoicing Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. E-Invoicing - Market Dynamics

5.1 Market Drivers

5.1.1 Digital Transformation for Enhanced Operational Efficiency

5.1.2 Increase in e-Invoicing Related Compliance Needs

5.1.3 Favourable Initiatives by the Government

5.2 Market Restraints

5.2.1 Problems Obstructing e-Invoicing Mass Adoption

5.3 Market Opportunities

5.3.1.1 Adoption of Cloud Computing for Digital Transformation

5.4 Future Trends

5.4.1 Implementation of Progressive Technologies Like Blockchain

5.5 Impact Analysis of Drivers and Restraints

6. E-Invoicing Market - North America Analysis

6.1 E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million)

7. E-Invoicing Market Analysis - By Deployment Model

7.1 Overview

7.2 E-Invoicing Market, By Deployment Model (2019 and 2027)

7.3 On-Premise

7.4 Cloud

8. E-Invoicing Market Analysis - By End-user

8.1 Overview

8.2 E-Invoicing Market Breakdown, by End-user, 2019 & 2027

8.3 B2B

8.4 B2C

8.5 Others

9. North America E-Invoicing Market - Country Analysis

9.1 North America: E-Invoicing Market

9.1.1 North America: E-Invoicing Market, by Key Country

9.1.1.1 US: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million)

9.1.1.2 Canada: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million)

9.1.1.3 Mexico: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million)

10. E-Invoicing Market - COVID-19 Impact Analysis

10.1 Overview

10.2 North America

11. Industry Landscape

11.1 Market Initiative

11.2 New Product Development

11.3 Merger and Acquisition

12. Company Profiles

12.1 Basware Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Cegedim SA

12.3 Comarch SA

12.4 Coupa Software Inc.

12.5 IBM Corporation

12.6 Nipendo Ltd.

12.7 SAP SE

12.8 The Sage Group plc

12.9 Tradeshift

12.10 Transcepta LLC

For more information about this report visit https://www.researchandmarkets.com/r/70qrcs

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900