An international Electronic-invoicing (e-invoicing) market analysis report brings into focus the key market dynamics of the sector. A range of definitions and classification of the ICT industry, applications of the ICT industry and chain structure are given in the report. This market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Electronic-invoicing (e-invoicing) market is supposed to rise during the forecast period due to growing demand at the end user level. The data and insights from Electronic-invoicing (e-invoicing) marketing report suggest that new highs will take place in the market in 2021-2028.
Data Bridge Market Research analyses that the electronic-invoicing (e-invoicing) market will exhibit a CAGR of 25.40% for the forecast period of 2022-2029 and is expected to reach the market value of USD 6,014.71 million by 2029.
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Market Overview:
Electronic invoicing, or e-invoicing, refers to the generation of electronic bills through a digital platform for an exchange of products and services. It can be generated through numerous devices, such as mobile phones, laptops, and tablets, and includes purchase orders, debit and credit notes, and payment vouchers that specify the terms and conditions of the payment. E-invoicing may also be deployed through the cloud and on-premises solutions that supply numerous different edges, such as improved invoice accuracy and knowledge quality, reduced instances of delayed payments, and quicker invoice-processing time and transparency. Except this, it aids in convenient pursuit of business transactions and minimizing the prices related to system style, customization, implementation, training, and maintenance.
Global Electronic-invoicing (e-invoicing) Market Scope and Market Size
The electronic-invoicing (e-invoicing) market is segmented on the basis of type, end user and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
· On the basis of type, the electronic-invoicing (e-invoicing) market is segmented into cloud and on premise.
· On the basis of end user, the electronic-invoicing (e-invoicing) market is segmented into business-to-business, business-to-consumer, and others.
· On the basis of application, the electronic-invoicing (e-invoicing) market is segmented into energy and utilities, fast-moving consumer goods, e-commerce, banking, financial services and insurance, government, others.
Some of the major players operating in the electronic-invoicing (e-invoicing) market are Cognizant, Dell Inc., Microsoft, Adobe, Marlabs Inc., Accenture, Capgemini, IBM, KELLTON TECH, Oracle, Google LLC, Hewlett Packard Enterprise Development LP, Apple Inc., Broadcom, PwC, Equinix, Inc., Deloitte, Cognex Corporation, SAP SE, and Siemens among others.
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