Southeast Asia E-Invoicing Market Size By Deployment Model(On-Premise and Cloud Growth), By Business Function(B2B, B2C), By Geographic Scope And Forecast

Southeast Asia E-Invoicing Market Size And Forecast

Southeast Asia E-Invoicing Market size was valued at USD 500 Million in 2020 and is projected to reach USD 1,571 Million by 2028, growing at a CAGR of 15% from 2021 to 2028.

The growth of the e-invoicing market is mainly attributed to the ongoing digital transformation in the various end-user industries such as BFSI, retail, energy and others. The Southeast Asia E-Invoicing Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Southeast Asia E-Invoicing Market Definition

Electronic invoicing abbreviated as e-invoicing, is the electronic billing wherein the supplier and the customer/buyer exchange the electronic invoice. The e-invoicing solutions has opened the new levels of invoice processing performance via a digital platform at the time of goods exchange. Advantage of the e-invoicing includes faster and accurate invoice processing, reduce costs and improve cash management, offers web-based access to invoice status. It also promote the efficiency of the business staff by freeing up from the time-taking paper intensive invoice generation process. Due to electronic in nature, these invoices are conducted using digital devices includes tablets, phones, laptops and others. The e-invoice encompasses of generation of purchase orders, debit and credit notes and remittance vouchers that specify the terms and conditions of the payment.

Southeast Asia E-Invoicing Market Overview

The growth of the e-invoicing market is mainly attributed to the ongoing digital transformation in the various end-user industries such as BFSI, retail, energy and others. The growth in the e-commerce industry has pushed the sales of the retail goods at soaring pace, which thereby pushed the retail manufactures and suppliers to look for a reliable and electronic mode of invoice generation to limit the potential human error. Different vendors are offering flexible e-invoicing solutions to support the frequently changing operational patterns. Introduction of new e-invoicing software that can be integrated with the cloud, artificial intelligence (AI), Internet of Things (IoT) is projected to propel the market growth in the forecast period. Additionally, the escalated demand of the digital solutions for reducing the potential financial fraud in the sector dealing with higher transaction volumes such as BFSI, government and others is pushing the end-user towards adopting the e-invoicing system.

Southeast Asia E-Invoicing MarketSegmentation Analysis

The Southeast Asia E-Invoicing Market is segmented based on Deployment Model, Business Function and Geography.

Southeast Asia E-Invoicing Market by Deployment Model

• On-premise• Cloud

To Get Summarized Market Report By Deployment Model-

By Deployment Model, the market is segmented into On-Premise and Cloud Growth. The cloud based is expected to show rapid growth in the forecast period. The growth of this segment is accountable to low ownership costs, easy implementation, higher operational efficiency and ability of less time utilization.

Southeast Asia E-Invoicing Market by Business Function

• B2B• B2C• Other

To Get Summarized Market Report By Business Function-

In terms of Business Function, the market is segmented into B2B, B2C and others, wherein B2C segment accounted for highest market share in 2020. Favourable initiatives by the government to use e-invoicing for B2C business function is favouring the market growth.

Key Players

The “Southeast Asia E-Invoicing Market” study report will provide valuable insight with an emphasis on the Southeast Asia market. The major players in the market are Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, Nipendo Ltd., SAP SE, The Sage Group Plc, Tradeshift., are a few major companies operating in the E-Invoicing market.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players Southeast Asia,

Key Developments

• In March 2020, Tradeshift introduced a new engagement platform, Tradeshift Engage, its seller engagement platform for building digital collaboration between buyers and suppliers by delivering value of a transaction.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

Customization of the Report

In case of any please connect with our sales team, who will ensure that your requirements are met.