North America E-Invoicing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Cloud, On-Premise); End-User (B2B, B2C, Others)


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.


The overall North American e-Invoicing market size 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 market with 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 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 North American e-Invoicing market. Basware Corporation, Cegedim SA, Coupa Software Inc, IBM Corporation, and SAP SE are among the major players operating in the North American market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners 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 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
7.3.1 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. 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)
9.1.1.1.1 US: E-Invoicing Market, by Deployment Model
9.1.1.1.2 US: E-Invoicing Market, by End-User
9.1.1.2 Canada: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: E-Invoicing Market, by Deployment Model
9.1.1.2.2 Canada: E-Invoicing Market, by End-User
9.1.1.3 Mexico: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: E-Invoicing Market, by Deployment Model
9.1.1.3.2 Mexico: E-Invoicing Market, by End-User
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
12.2.1 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 Nipendo Ltd.
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 SAP SE
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 The Sage Group plc
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
12.9 Tradeshift
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Transcepta LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index

LIST OF TABLES Table 1. E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million) Table 2. North America: E-Invoicing Market, by Deployment Model - Revenue and Forecast to 2027 (US$ Million) Table 3. North America: E-Invoicing Market, by End-User - Revenue and Forecast to 2027 (US$ Million) Table 4. US: E-Invoicing Market, by Deployment Model - Revenue and Forecast to 2027 (US$ Million) Table 5. US: E-Invoicing Market, by End-User - Revenue and Forecast to 2027 (US$ Million) Table 6. Canada: E-Invoicing Market, by Deployment Model - Revenue and Forecast to 2027 (US$ Million) Table 7. Canada: E-Invoicing Market, by End-User - Revenue and Forecast to 2027 (US$ Million) Table 8. Mexico: E-Invoicing Market, by Deployment Model - Revenue and Forecast to 2027 (US$ Million) Table 9. Mexico: E-Invoicing Market, by End-User - Revenue and Forecast to 2027 (US$ Million) Table 10. List of Abbreviation LIST OF FIGURES Figure 1. E-Invoicing Market Segmentation Figure 2. North America E-Invoicing Market Segmentation - By Country Figure 3. North America 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. North America E-Invoicing Market, Industry Landscape Figure 7. North America: 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$ Million) 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. North America: E-Invoicing Market Revenue Share, by Key Country (2019 and 2027) Figure 20. US: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million) Figure 21. Canada: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million) Figure 22. Mexico: E-Invoicing Market - Revenue and Forecast to 2027 (US$ Million) Figure 23. Impact of COVID-19 Pandemic in North American Country Markets

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