United States E-Invoicing Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “United States e-invoicing market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States e-invoicing market report, size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The United States e-invoicing market size reached US$ 2,807.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 8,566.8 Million by 2028, exhibiting a growth rate (CAGR) of 19.53% during 2023-2028.
E-Invoicing, also known as Electronic Invoicing, is the digital exchange of invoices between buyers and sellers. This method replaces the traditional paper-based invoicing procedure, offering a more efficient and automated billing system. E-Invoicing is accessible from anywhere at any time and seamlessly integrates with existing accounting systems. It accelerates the invoicing process while reducing manual errors, facilitating swift and error-free transactions between businesses. Moreover, it aids in compliance with legal and tax regulations and promotes international trade by standardizing invoice formats. Notably, the demand for e-invoicing is on the rise in the United States due to its capacity to enhance transaction process visibility.
United States E-Invoicing Market Trends and Drivers:
Currently, several factors are driving the growth of the market in the United States. A significant catalyst is the heightened emphasis on reducing paper usage in billing processes. This shift is propelled by the environmental concerns associated with paper usage. Additionally, the increasing adoption of cloud-based services and the upsurge in online business-to-business (B2B) and business-to-consumer (B2C) transactions are playing pivotal roles in fueling market expansion. Moreover, the market is benefiting from the growing preference for e-invoicing solutions among small and medium-sized enterprises (SMEs). This trend is contributing to a positive market outlook. Furthermore, the market is receiving a boost from the escalating focus on data security and the proliferation of mobile computing, which is reinforcing its growth trajectory.
The report segmented the market on the basis of channel, deployment type and application.
Breakup by Channel:
- B2B
- B2C
- Others
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Application:
- Energy and Utilities
- FMCG
- E-Commerce
- BFSI
- Government
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800