B2C Segment to Dominate North America E-Invoicing Market Based on End Userduring 2020–2027
According to our new market research study on “North America E-Invoicing Market to 2027 – Regional Analysis and Forecast by Deployment Model and End User,”the market is expected to reach US$ 2,776.3 Mnby 2027 from US$ 890.1Mn in 2019;it is estimated to grow at a CAGR of 15.8% from 2020 to 2027.The report provides trends prevailing in the North Americae-Invoicingmarketalong with the drivers and restraints pertaining to the market growth. The e-Invoicingmarketare growing at an impressive pace, majorly due to favorable initiatives taken by various governments in regions such as South America. The advantages offered by e-Invoicing such as easy tracking of business transactions, reduced payment process time, low human errors, and increased cost savings are further supporting the growth of the e-Invoicing market across North America.
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The reports cover key developments in the E-Invoicing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from E-Invoicing market are anticipated to lucrative growth opportunities in the future with the rising demand for E-Invoicing market in the global market.
Key Players Influencing the Market
- Basware Corporation
- Cegedim SA
- Comarch SA
- Coupa Software Inc.
- IBM Corporation
- Nipendo Ltd.
- SAP SE
- The Sage Group plc
- Transcepta LLC
The North America e-Invoicingmarket, by deployment model, is segmented into on-premises and cloud. Thecloudsegment held a larger share of the market in 2019. The growing initiatives by global associations (such as ConnectONCE, OpenPEPPOL, EESPA, and GS1) to improve the interoperability among various international e-Invoicing formats are further driving the growth of cloud-based e-Invoicing solutions.
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The report segments the North AmericaE-Invoicing marketas follows:
North America E-Invoicing Market – ByDeployment Type
North America E-Invoicing Market – By End Use
North America E-Invoicing Market– By Country