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Impact of COVID-19 on Asia Pacific E-Invoicing Market with CAGR of 19.4%

Asia-Pacific e-Invoicing market was valued at US$ 1,019.1 million in 2019 and is projected to reach US$ 4,075.8 million by 2027; it is expected to grow at a CAGR of 19.4% from 2020 to 2027.

By SMN Bureau
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The Asia Pacific E-Invoicing market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

Asia-Pacific e-Invoicing market was valued at US$ 1,019.1 million in 2019 and is projected to reach US$ 4,075.8 million by 2027; it is expected to grow at a CAGR of 19.4% from 2020 to 2027.

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The growth of the market is this region is mainly attributed to the rising adoption of e-in Invoicing solutions in business-to-business (B2B), business-to-customer (B2C), and business-to-government operations, among others. The rising demand for digital solutions among government organizations and tax authorities to combat tax evasion and financial fraud is also leading to increase in implementation of e-in Invoicing mandates in various countries.

These factors are expected to offer broad growth opportunities in the Educational industry and this is expected to cause the demand for E-Invoicing in the market.

Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms.

Asia-Pacific E-Invoicing Market–Segmentation

 

Asia-Pacific E-Invoicing Market, by Type

  • Cloud
  • On-Premise

Asia-Pacific E-Invoicing Market, by End-User

  • B2B
  • B2C
  • Others

 

Asia-Pacific E-Invoicing Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Asia-Pacific E-Invoicing Market-Companies Mentioned

  • Basware Corporation
  • Cegedim SA
  • Comarch SA
  • Coupa Software Inc.
  • IBM Corporation
  • SAP SE
  • The Sage Group plc
  • Tradeshift

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 About Business Market Insights

Based in New York, Business Market Insights is a one-stop destination for in-depth market research reports from various industries including Technology, Media & Telecommunications, Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Device, and Chemicals & Materials. The clients include corporate and academic professionals, consulting, research firms, PEVC firms, and professional services firms.

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E-Mail : sales@businessmarketinsights.com

Tags Asia Pacific E-Invoicing Market Growth Asia Pacific E-Invoicing Industry Sector Asia Pacific E-Invoicing PDF Report Asia Pacific E-Invoicing Analysis Asia Pacific E-Invoicing Research Competitive Analysis

SMN Bureau

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