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2014-2018 Sample - Global e-Invoicing Market
technavio insights
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
01. Market Research Methodology
Market Research Process
TechNavio identifies the key opportunities in leading markets and develops various
methodologies for data collection and analysis. The micro, meso, and macroeconomic
indicators of the market are studied to ascertain the dynamics of the market.
Research Design
TechNavio’s reports are based on in-depth qualitative and quantitative analyses of various
markets. Qualitative analysis involves the application of various projection and sampling
techniques, whereas quantitative analysis involves primary interviews, surveys, and vendor
briefings. The data thus gathered is validated through experts' opinions. Based on research
results and technical insights, TechNavio analysts refine the existing methodologies to analyze
the various aspects of the market.
Exhibit 1: Market Research Methodology
Source: TechNavio Analysis
Global e-Invoicing
Market
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
TechNavio analysts gather inputs from various vendors and industry experts and verify the
information collected with databases, financial reports, industry papers, and various other
secondary sources. The impact of global economic conditions and other macroeconomic
indicators are also considered while assessing the market.
Research Methodology
TechNavio analysts have adopted primary as well as secondary research techniques to
ascertain the size and vendor landscape of the Global e-Invoicing Market. The information is
obtained using a combination of the bottom-up and top-down approaches, besides using in-
house market modeling tools. The data is then corroborated with data obtained from various
market participants and stakeholders across the value chain, including vendors, service
providers, distributors, re-sellers, and end-users.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
02. Executive Summary
Market Size 2013: US$ XXX billion
2018: US$ XXX billion
Market Growth Rate 2013: XXX percent
2018: XXX percent
CAGR XXX percent
Key Geographies
Europe: XXX percent
North America: XXX percent
APAC: XXX percent
Key Leading Countries
US: XXX percent
UK: XXX percent
Denmark: XXX percent
Key Customer Segments
SMEs
Large Enterprises
Government Organizations
Key Market Drivers
Need to Automate Invoicing Process and Reduce
Operational Costs
Driver 2
Driver 3
Need to Reduce Carbon Footprints
Key Market Challenges
Complexity Involved in Electronic Purchasing Process
Challenge 2
Challenge 3
Lack of Internal Cross-functional Collaboration
Key Market Trends
Emergence of Cloud Computing
Trend 2
Trend 3
Stringent e-Invoicing Regulations
Key Buying Criteria
Affordability
Reliability
Security
Usability
Key Vendors
Ariba Inc.
Basware
Esker
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
IBM Corp.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
03. Scope of the Report
03.1 Market Overview
This report covers the present scenario and the growth prospects of the Global e-Invoicing
market for the period 2014-2018. To calculate the market size, the report considers revenue
generated by the e-invoicing service providers worldwide. The report also presents the vendor
landscape and a corresponding detailed analysis of the four major vendors in the Global e-
Invoicing market. In addition, it discusses the major drivers that influence the growth of the
market. It also outlines the challenges faced by the vendors and the market at large, as well as
the key trends that are emerging in the market.
03.2 Product Offerings
Some of the products offered by the major vendors in the Global e-Invoicing market are listed
below:
Company Products Offered
Ariba Inc. Ariba invoice presentment and payment
Basware Basware e-invoicing
Basware accounts payable and automation
Esker Esker DeliveryWare
IBM Corp. IBM sterling e-invoicing
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
04. Introduction
E-invoicing, also known as e-billing, is the exchange of bills and related invoices between
enterprises and their clients in an integrated electronic format using the internet. E-invoicing is a
part of electronic data interchange transactions, which include data from enterprises in a
format that can be integrated into their client's financial system without the interference of a
financial administrator. It offers a number of benefits to organizations, including the streamlining
of accounting processes, reduced paper volume, higher receivables, timely delivery of invoices
and faster customer payments, reduction in the number of lost invoices, and increased visibility
and control over various processes. Enterprises use e-invoicing solutions to simplify and automate
the process of creating, sending, and receiving invoices.
The Global e-Invoicing market is currently growing at a rapid rate and is expected to post a
CAGR of XXX percent during the period 2013-2018. The majority of the demand for e-invoicing
comes from Europe, which accounted for XXX percent of the market in 2013. The Americas and
the APAC region also experienced promising growth, and they are expected to increase their
market share in the near future. Ariba Inc., Basware, Esker, and IBM Corp. are the major vendors
in this market.
The growth of the Global e-Invoicing market is driven by many factors. The need to automate
the invoicing process and reduce operational costs in organizations is one of the major drivers. E-
invoicing enables organizations to automate invoice generation and enhance the overall
business process. It also reduces the total operational cost and time spent on their purchasing
process. Increased adoption of e-invoicing by SMEs is another key driver.
Despite the strong drivers, the growth of the Global e-Invoicing market is curtailed by certain
serious challenges. The complexity involved in the electronic purchasing process is one of the
major challenges. The electronic purchasing process is extremely complex; creating and
maintaining product data electronically and enabling suppliers to support electronic
transactions increase this complexity. Generally, there is a limitation in the ability of e-invoicing to
address various types and ranges of purchasing activities. Concern regarding the security of
customer data is another major challenge.
Note: Information included in this sample are extracts of the full report.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
04.1 Key Questions Answered in this Report
What will the market size be in 2018 and what will be the growth rate?
What are key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by key vendors?
What are the strengths and weaknesses of each of these key vendors?
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
05. Market Landscape
05.1 Market Size and Forecast
The Global e-Invoicing market was valued at US$ XXX billion in 2013 and is expected to reach
US$ XXX billion by 2018, growing at a CAGR of XXX percent.
In 2013, the market grew at an annual rate of 23.06 percent. Increased focus on reducing
carbon footprints and increased use of green technologies are two of the factors boosting the
growth of the market. E-invoicing enables this by significantly reducing the use of paper.
Exhibit 2: Global e-Invoicing Market 2013-2018 (US$ billion)
Actual exhibits are available in full report only
Source: TechNavio Analysis
SMEs, large enterprises, and government organizations are the major end-users in the Global e-
Invoicing market. E-invoicing helps enterprises enhance their overall purchasing and payment
processes, reduce the costs associated with the invoicing process, and improve the overall
efficiency.
Note: Information included in this sample are extracts of the full report.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
06. Market Growth Drivers
The growth of the Global e-Invoicing market is driven by many factors. The need to automate
the invoicing process and reduce operational costs in organizations is one of the major drivers.
Some of the major drivers of the Global e-Invoicing market are discussed below:
Need to Automate Invoicing Process and Reduce Operational Costs
Driver 2
Driver 3
Driver 4
Need to Automate Invoicing Process and Reduce Operational Costs
E-invoicing enables organizations to automate invoice generation and enhance the overall
business process. It eliminates paper processing, reduces operational costs, failed payments,
and processing errors, accelerates the purchasing process, and improves customer relations. This
indirectly helps in increasing the production rate.
Note: Information included in this sample are extracts of the full report.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
07. Market Challenges
Despite the strong drivers, the growth of the Global e-Invoicing market is curtailed by certain
serious challenges. The complexity involved in the electronic purchasing process is one of the
major challenges.
Some of the major challenges for the vendors in the Global e-Invoicing market are discussed
below:
Complexity Involved in Electronic Purchasing Process
Challenge 2
Challenge 3
Challenge 4
Complexity Involved in Electronic Purchasing Process
Creating and maintaining product data electronically and enabling suppliers to support
electronic transactions increase the complexity of the purchasing process. Generally, there is a
limitation in the ability of e-invoicing to address various types and ranges of purchasing activities.
Organizations face difficulty in managing electronic catalogs with thousands of products and
providing employees with the right mix of products and information. This process can be
complicated because it necessitates the use of additional tools.
Note: Information included in this sample are extracts of the full report.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
08. Market Trends
Although the market faces certain challenges, it is expected to grow rapidly during the forecast
period because of some emerging trends that could negate the effect of these challenges to a
certain extent.
Some of the major trends emerging in the Global e-Invoicing market are discussed below:
Emergence of Cloud Computing
Trend 2
Trend 3
Trend 4
Emergence of Cloud Computing
The emergence of cloud-based solutions has enabled organizations to increase their efficiency
and reduce the cost of setting up valuable IT infrastructure. The cloud-based model for e-
invoicing offers a pay-per-use model, which provides cost-effective access to e-invoicing
solutions to multiple users without any time and location constraints.
Note: Information included in this sample are extracts of the full report.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
09. Vendor Landscape
09.1 Competitive Scenario
The Global e-Invoicing market is highly fragmented and is witnessing numerous mergers and
acquisitions. As a result of the large number of vendors, it becomes difficult for end-users to
select appropriate products from among the various offerings.
Increased need to include advanced e-invoicing capabilities in their solutions is driving major
vendors to follow a consolidation strategy; therefore, they are acquiring application-specific
vendors to meet this need. Such consolidation has resulted in increased competition among the
vendors.
In addition, many small vendors have entered the Global e-Invoicing market to capitalize on the
emerging cloud computing trend. They have started providing cloud-based e-invoicing solutions
to attract SMEs. However, both established firms and new companies that wish to enter the
market have to deal with many new and evolving challenges.
Note: Information included in this sample are extracts of the full report.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
10. Key Vendor Analysis
10.1 Ariba Inc.
10.1.1 Business Overview
Together with its subsidiaries, Ariba Inc. provides collaborative business commerce solutions that
facilitate the buying and selling of goods and services. The company started its business with the
innovative idea of using the internet to facilitate and improve the procurement processes of
organizations. It combines technology to optimize the commerce life cycle with web-based
community technology in its solutions. Using these solutions, customers can connect and
collaborate with a global network of trading partners. This also helps organizations enhance their
cash flow and operations in a cloud-based environment. The company offers a complete range
of solutions that enable organizations to manage invoice presentment and payment
electronically from data capture, transmission, and receipt through processing to exception
management and archiving. The company was acquired by SAP, a German business software
provider, for US$ XXX billion in October 2012.
10.1.2 Key Information
Company Details Description
Product Portfolio Ariba invoice presentment and payment
Key Partnerships May 2012: Ariba partners with Genpact to deliver
solutions to improve the process of procurements and
reduce the costs involved during the process
Key Mergers and Acquisitions October 2012: SAP, a global leader in the Global
Enterprise Applications market, acquires the company
for US$ XXX billion
Key Customers Bajaj Auto Ltd.
Dabur India Ltd.
eBay Inc.
Procter & Gamble Co.
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
10.1.3 SWOT Analysis
Strengths
Ariba is one of the leading vendors in
the Global e-Invoicing market
Strength 2
Strength 3
Strength 4
Strength 5
Weaknesses
Weakness 1
Weakness 2
Opportunities
Opportunity 1
Opportunity 2
Opportunity 3
Threats
Threat 1
Threat 2
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
01. Executive Summary ......................................................................................... 1
02. List of Abbreviations ......................................................................................... 2
03. Scope of the Report ........................................................................................ 3
03.1 Market Overview ......................................................................................... 3
03.2 Product Offerings......................................................................................... 3
04. Market Research Methodology .................................................................... 4
04.1 Market Research Process ........................................................................... 4
04.2 Research Methodology ............................................................................. 4
05. Introduction ....................................................................................................... 6
06. Market Landscape .......................................................................................... 8
06.1 Market Overview ......................................................................................... 8
06.2 Phases of e-Invoicing .................................................................................. 9
06.3 Market Size and Forecast........................................................................... 9
06.4 Five Forces Analysis ................................................................................... 11
07. Geographical Segmentation ...................................................................... 13
07.1 Global e-Invoicing Market by Geographical Segmentation ........... 13
08. Key Leading Countries .................................................................................. 15
08.1 US .................................................................................................................. 15
08.2 UK .................................................................................................................. 15
08.3 Denmark ...................................................................................................... 16
09. Buying Criteria ................................................................................................. 17
10. Market Growth Drivers ................................................................................... 18
11. Drivers and their Impact ............................................................................... 20
12. Market Challenges ........................................................................................ 21
13. Impact of Drivers and Challenges .............................................................. 23
TABLE OF CONTENT
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
14. Market Trends .................................................................................................. 24
15. Trends and their Impact ................................................................................ 26
16. Vendor Landscape ........................................................................................ 27
16.1 Competitive Scenario............................................................................... 27
16.2 Major Vendors 2013 .................................................................................. 27
16.3 Other Prominent Vendors ........................................................................ 29
17. Key Vendor Analysis ...................................................................................... 30
17.1 Ariba Inc. ..................................................................................................... 30
17.1.1 Business Overview...................................................................................... 30
17.1.2 Business Segmentation ............................................................................. 31
17.1.3 Product Portfolio ........................................................................................ 32
17.1.4 Key Information .......................................................................................... 33
17.1.5 SWOT Analysis ............................................................................................. 34
17.2 Basware ....................................................................................................... 35
17.2.1 Business Overview...................................................................................... 35
17.2.2 Business Segmentation ............................................................................. 36
17.2.3 Key Information .......................................................................................... 37
17.2.4 SWOT Analysis ............................................................................................. 38
17.3 Esker ............................................................................................................. 39
17.3.1 Business Overview...................................................................................... 39
17.3.2 Business Segmentation ............................................................................. 40
17.3.3 Revenue Segmentation by Geography ............................................... 41
17.3.4 Key Information .......................................................................................... 42
17.3.5 SWOT Analysis ............................................................................................. 43
17.4 IBM Corp...................................................................................................... 44
17.4.1 Business Overview...................................................................................... 44
17.4.2 Business Segmentation ............................................................................. 45
17.4.3 Key Information .......................................................................................... 46
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
17.4.4 SWOT Analysis ............................................................................................. 47
18. Other Reports in this Series ............................................................................ 48
2014-2018 Sample - Global e-Invoicing Market
2014-2018 Global e-Invoicing Market
Exhibit 1: Market Research Methodology ..................................................... 4
Exhibit 2: E-Invoicing Process ........................................................................... 8
Exhibit 3: Global e-Invoicing Market 2013-2018 (US$ billion) ................... 10
Exhibit 4: Global e-Invoicing Market by Geographical
Segmentation 2013 ........................................................................ 13
Exhibit 5: Major Vendors in Global e-Invoicing Market ............................ 28
Exhibit 6: Business Segmentation of Ariba Inc. ........................................... 31
Exhibit 7: Product Portfolio of Ariba Inc. ...................................................... 32
Exhibit 8: Business Segmentation of Basware ............................................. 36
Exhibit 9: Business Segmentation of Esker.................................................... 40
Exhibit 10: Revenue Segmentation of Esker by Geography ..................... 41
Exhibit 11: Business Segmentation of IBM Corp. ........................................... 45
EXHIBITS
2014-2018 Global e-Invoicing Market
2014-2018 Sample - Global e-Invoicing Market
11. Other Reports in this Series
Global E-commerce Software Market 2012-2016
E-tailing Market in China 2012-2016
Social Commerce Market in India and China 2012-2016
Mobile Commerce Market in India 2012-2016
Global E-commerce Market 2014-2018
Global Specialized Threat Analysis and Protection Market 2014-2018
2014-2018 Global e-Invoicing Market
2014-2018 Sample - Global e-Invoicing Market
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