The e-Invoicingmarket in Asia-Pacific was valued at US$ 1,019.8 million in 2019 and is projected to reach US$ 4,075.8 million by 2027; it is expected to grow at a CAGR of 19.4% from 2020 to 2027.
The adoption of electronic and digital processes/solutions among the businesses in Asia-Pacific is high, and e-in Invoicing in this region is being driven by governments in various countries. The broad market fragmentation and high cross-border trade between Asia-Pacific countries is boosting the demand for efficient in Invoicing solutions. Countries are also increasingly working to formulate common e-in Invoicing standards to boost their digital agenda. Key industry associations, public administrations, tax authorities, and regulatory bodies in various Asia-Pacific countries are also complementing the growth of e-in Invoicing market in this region by supporting the development of various standards and interoperability between various document formats.
The scope of electronic in Invoicing in Asian countries is increasing gradually. The lack of government initiatives, established standards, regulatory framework, and tax impediments, and proper understanding of the system are a few aspects hindering the implementation of e-in Invoicing in the countries in this region.
The overall Asia-Pacific e-Invoicing marketsize has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the E-Invoicing marketwith respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia-PacificE-Invoicing market.Basware Corporation, Cegedim SA, Coupa Software Inc, IBM Corporation, and SAP SE are among the key players serving the e-Invoicing market in Asia-Pacific.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research 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 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. E-Invoicing ?Market Dynamics
5.1 Market Drivers
5.1.1 Rise In Digitalization Across Industries
5.1.2 Enhancement in E-Invoicing Related Compliance Needs
5.1.3 Government Initiatives for Adoption of E-Invoicing Adoption
5.2 Market Restraints
5.2.1 Issues Hampering E-Invoicing Mass Adoption
5.3 Market Opportunities
5.3.1 Adoption of Cloud Based Solutions
5.4 Future Trends
5.4.1 Adoption of Advanced Technologies like Blockchain
5.5 Impact Analysis of Drivers and Restraints
6. E-Invoicing Market ? Asia-Pacific Analysis
6.1 E-Invoicing Market Asia-Pacific Overview
6.2 E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Billion)
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
7.3.1 Overview
7.3.2 On-Premise: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
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
8.3.1 Overview
8.3.2 B2B Market Revenue and Forecast to 2027 (US$ Million)
8.4 B2C
8.4.1 Overview
8.4.2 B2C Market Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
9. E-Invoicing Market ? Country Analysis
9.1 APAC: E-Invoicing Market
9.1.1 APAC: E-Invoicing Market, by Key Country
9.1.1.1 Australia: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Australia: E-Invoicing Market, by Deployment Model
9.1.1.1.2 Australia: E-Invoicing Market, by End-User
9.1.1.2 China: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 China: E-Invoicing Market, by Deployment Model
9.1.1.2.2 China: E-Invoicing Market, by End-User
9.1.1.3 India: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 India: E-Invoicing Market, by Deployment Model
9.1.1.3.2 India: E-Invoicing Market, by End-User
9.1.1.4 Japan: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Japan: E-Invoicing Market, by Deployment Model
9.1.1.4.2 Japan: E-Invoicing Market, by End-User
9.1.1.5 South Korea: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: E-Invoicing Market, by Deployment Model
9.1.1.5.2 South Korea: E-Invoicing Market, by End-User
9.1.1.6 Rest of APAC: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of APAC: E-Invoicing Market, by Deployment Model
9.1.1.6.2 Rest of APAC: E-Invoicing Market, by End-User
10. E-Invoicing Market- COVID-19 Impact Analysis
10.1 Overview
10.2 Asia-Pacific
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
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Comarch SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Coupa Software Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 IBM Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SAP SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 The Sage Group plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Tradeshift
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index
LIST OF TABLES
Table 1. E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: E-Invoicing Market, by Deployment Model ? Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: E-Invoicing Market, by End-User ? Revenue and Forecast to 2027 (US$ Million)
Table 4. China: E-Invoicing Market, by Deployment Model ? Revenue and Forecast to 2027 (US$ Million)
Table 5. China: E-Invoicing Market, by End-User ? Revenue and Forecast to 2027 (US$ Million)
Table 6. India: E-Invoicing Market, by Deployment Model ? Revenue and Forecast to 2027 (US$ Million)
Table 7. India: E-Invoicing Market, by End-User ? Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan: E-Invoicing Market, by Deployment Model ? Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan: E-Invoicing Market, by End-User ? Revenue and Forecast to 2027 (US$ Million)
Table 10. South Korea: E-Invoicing Market, by Deployment Model ? Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea: E-Invoicing Market, by End-User ? Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of APAC: E-Invoicing Market, by Deployment Model ? Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of APAC: E-Invoicing Market, by End-User ? Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. E-Invoicing Market Segmentation
Figure 2. E-Invoicing Market Segmentation ? By Country
Figure 3. Asia-Pacific E-Invoicing Market Overview
Figure 4. B2C Segment Held the Largest Share During Forecast Period
Figure 5. Cloud Deployment Model to Show Remarkable Growth
Figure 6. Asia-Pacific E-Invoicing Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. E-Invoicing Market Impact Analysis of Drivers and Restraints
Figure 11. E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Billion)
Figure 12. E-Invoicing Market Revenue Share, by Deployment Model (2019 and 2027)
Figure 13. On-Premise: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 14. Cloud: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 15. E-Invoicing Market Breakdown, by End-User (2019 and 2027)
Figure 16. B2B Market Revenue and Forecast to 2027(US$ Million)
Figure 17. B2C Market Revenue and Forecast to 2027(US$ Million)
Figure 18. Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 19. APAC: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027)
Figure 20. Australia: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 21. China: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 22. India: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 23. Japan: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 24. South Korea: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of APAC: E-Invoicing Market ? Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
The List of Companies - Asia-Pacific E-Invoicing Market
1. Basware Corporation
2. Cegedim SA
3. Comarch SA
4. Coupa Software Inc.
5. IBM Corporation
6. SAP SE
7. The Sage Group plc
8. Tradeshift