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, or e-invoicing, is basically how suppliers and customers swap invoices electronically. Think of it as digital billing! E-invoicing solutions have really changed the game, offering faster and more efficient invoice processing through online platforms the moment goods change hands. What's the upside? Well, for starters, invoices get processed quicker and more accurately. Plus, it cuts down on costs, improves how you manage your cash flow, and gives you web-based access to check on invoice statuses. It also helps your team be more productive by freeing them from all that time-consuming, paper-heavy invoice stuff. Since they're electronic, you can handle these invoices on all sorts of devices like tablets, phones, and laptops. An e-invoice covers a lot, from creating purchase orders to handling debit and credit notes, and even remittance vouchers that spell out all the payment terms.

Southeast Asia E-Invoicing Market Overview

E-invoicing is really taking off, mostly because everyone's going digital these days – from banks and retailers to energy companies and more. And with e-commerce booming, retailers are selling more than ever! This means they, and their suppliers, need a solid, electronic way to handle invoices to cut down on mistakes. Thankfully, vendors are stepping up with flexible e-invoicing options that can adapt to changing business needs. Plus, expect even more growth as new software hits the market, bringing in cool tech like cloud integration, artificial intelligence (AI), and the Internet of Things (IoT). Let's not forget that everyone's trying to fight fraud, especially in sectors like BFSI and government, where there are tons of transactions. That's another big reason why e-invoicing systems are becoming so popular.

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

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Reasons to Purchase this Report

We dig deep into the market using both qualitative and quantitative analysis, looking at how it breaks down into different segments based on factors that aren't just about money. We give you the market value (in USD Billion) for every segment and sub-segment. You'll see which region and segment is predicted to grow the fastest and be the biggest player. We analyze each geographic area, focusing on how the product/service is used and what's influencing the market there. Our competitive landscape section ranks the key companies and highlights what they've been up tonew services/products, partnerships, expansions, and acquisitions over the last five years. We also provide detailed company profiles that cover company overviews, insights, product benchmarking, and SWOT analysis for the major players. Expect a look at the current and future market outlook, considering recent developments, growth opportunities, drivers, and challenges in both emerging and developed regions. We offer an in-depth analysis using Porter's five forces and give you insight into the market's Value Chain. Finally, you'll get a view of market dynamics, potential growth opportunities, and 6-month post-sales analyst support.

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