North America E-Invoicing Market Forecast to 2031

At 22.7% CAGR, North America E-Invoicing Market is Speculated to be Worth US$ 19,096.43 Million by 2031, says the Research Team

According to the Research Team’ research, the North America e-invoicing market was valued at US$ 3,721.67 million in 2023 and is expected to reach US$ 19,096.43 million by 2031, registering a CAGR of 22.7% from 2023 to 2031. Rise in e-invoicing related compliance requirements and growth of e-commerce industry are among the critical factors attributed to drive the North America e-invoicing market growth.

The number of both government and industry compliances is growing at a fast pace across countries. Governments in various countries receive ~30% of revenue from collecting sales tax and VAT. Tax evasion and tax fraud are serious concerns for governments in various countries. Adopting digital solutions such as e-invoicing helps them efficiently track business and financial transactions among various parties. Hence, countries such as Brazil, Mexico, Argentina, Chile, India, and Italy have adopted e-invoicing mandates for various segments such as B2G, B2B, and B2C. Governments of countries in North America, such as the US and Canada, are now planning to take adequate measures to boost the adoption of e-invoices among businesses and government organizations. Advantages offered by e-invoicing, such as easy tracking of business transactions, reduced payment process time, fewer human errors, and increased cost savings, are further boosting the growth of the e-invoicing market across various regions. In addition, the rising initiatives by global associations such as ConnectONCE, OpenPEPPOL, EESPA, and GS1 to improve the interoperability among various international e-invoicing formats are further anticipated to fuel the adoption of flexible cloud-based e-invoicing solutions.

On the flip side, challenges related to mass adoption of e-invoicing hamper the growth of North America E-Invoicing Market.

Based on deployment, the North America e-invoicing market is bifurcated into on-premise and cloud-based. The cloud-based segment held 66.4% market share in 2023, amassing US$ 2,471.33 million. It is projected to garner US$ 13,189.03 million by 2031 to register 23.3% CAGR during 2023–2031.

In terms of end user, the North America e-invoicing market is segmented into retail and e-commerce, government, IT and Telecom, BFSI, and others. The government segment held 31.0% share of North America e-invoicing market in 2023, amassing US$ 1,152.41 million. It is anticipated to garner US$ 5,564.32 million by 2031 to expand at 21.8% CAGR during 2023–2031.

In terms of application, the North America e-invoicing market is segmented into B2B, B2C, and B2G. The B2B segment held 45.1% share of North America e-invoicing market in 2023, amassing US$ 1,678.03 million. It is anticipated to garner US$ 8,499.56 million by 2031 to expand at 22.5% CAGR during 2023–2031.

In terms of type, the North America e-invoicing market is bifurcated into non-PO invoices and PO invoices. The non-PO invoices segment held 74.3% share of North America e-invoicing market in 2023, amassing US$ 2,766.11 million. It is anticipated to garner US$ 14,519.00 million by 2031 to expand at 23.0% CAGR during 2023–2031.

Based on country, the North America e-invoicing market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 43.5% share of North America e-invoicing market in 2023. It was assessed at US$ 1,617.50 million in 2023 and is likely to hit US$ 8,399.99 million by 2031, registering a CAGR of 22.9% during 2023–2031.

Key players operating in the North America e-invoicing market are Cegedim SA, Sage Group Plc, Comarch SA, Nipendo Ltd, Transcept LLC, Tradeshift, Basware Corporation, Coupa Software Inc, International Business Machines Corp, and SAP SE, among others.

In January 2020, Cegedim announced the acquisition of Ximantix; with this acquisition, the company further expanded its foothold globally in order to enhance its development to meet the requirements of its international clients.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America E-Invoicing Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America E-Invoicing Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America E-Invoicing Market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America E-Invoicing Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain:
5. North America E-Invoicing Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Digital Transformation Across Industries
5.1.2 Rise in E-Invoicing Related Compliance Requirements
5.1.3 Growth of E-Commerce Industry
5.2 Market Restraints
5.2.1 Challenges Related to Mass Adoption of E-Invoicing
5.3 Market Opportunities
5.3.1 Rise in Demand for Cloud-Based Solutions
5.3.2 Increased Support for Expansion of Small and Medium-Sized Enterprises
5.4 Future Trends
5.4.1 Integration of Blockchain in E-Invoicing
5.5 Impact of Drivers and Restraints:
6. E-Invoicing Market – North America Market Analysis
6.1 E-Invoicing Market Revenue (US$ Million), 2021–2031
6.2 E-Invoicing Market Forecast Analysis
7. North America E-Invoicing Market Analysis – by Deployment
7.1 On-Premise
7.1.1 Overview
7.1.2 On-Premise: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Cloud-Based
7.2.1 Overview
7.2.2 Cloud-Based: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
8. North America E-Invoicing Market Analysis – by End User
8.1 Retail and E-Commerce
8.1.1 Overview
8.1.2 Retail and E-Commerce: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Government
8.2.1 Overview
8.2.2 Government: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
8.3 IT and Telecom
8.3.1 Overview
8.3.2 IT and Telecom: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
8.4 BFSI
8.4.1 Overview
8.4.2 BFSI: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
9. North America E-Invoicing Market Analysis – by Application
9.1 B2B
9.1.1 Overview
9.1.2 B2B: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
9.2 B2C
9.2.1 Overview
9.2.2 B2C: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
9.3 B2G
9.3.1 Overview
9.3.2 B2G: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
10. North America E-Invoicing Market Analysis – by Type
10.1 Non-PO Invoices
10.1.1 Overview
10.1.2 Non-PO Invoices: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
10.2 PO Invoices
10.2.1 Overview
10.2.2 PO Invoices: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
11. North America E-Invoicing Market – Country Analysis
11.1 North America E-Invoicing Market Overview
11.1.1 North America: North America E-Invoicing Market – Revenue and Forecast Analysis – by Country
11.1.1.1 North America: North America E-Invoicing Market – Revenue and Forecast Analysis – by Country
11.1.1.2 United States: E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.2.1 United States: E-Invoicing Market Breakdown, by Deployment
11.1.1.2.2 United States: E-Invoicing Market Breakdown, by End User
11.1.1.2.3 United States: E-Invoicing Market Breakdown, by Application
11.1.1.2.4 United States: E-Invoicing Market Breakdown, by Type
11.1.1.3 Canada: E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.3.1 Canada: E-Invoicing Market Breakdown, by Deployment
11.1.1.3.2 Canada: E-Invoicing Market Breakdown, by End User
11.1.1.3.3 Canada: E-Invoicing Market Breakdown, by Application
11.1.1.3.4 Canada: E-Invoicing Market Breakdown, by Type
11.1.1.4 Mexico: E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.4.1 Mexico: E-Invoicing Market Breakdown, by Deployment
11.1.1.4.2 Mexico: E-Invoicing Market Breakdown, by End User
11.1.1.4.3 Mexico: E-Invoicing Market Breakdown, by Application
11.1.1.4.4 Mexico: E-Invoicing Market Breakdown, by Type
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Cegedim SA
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Sage Group Plc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Comarch SA
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Nipendo Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Tradeshift
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Transcepta LLC
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Basware Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Coupa Software Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 International Business Machines Corp
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 SAP SE
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 Glossary
15.2 About The the Reporting Teams

LIST OF TABLES

Table 1. E-Invoicing Market segmentation
Table 2. E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 4. E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 5. E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 6. E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 7. North America: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 8. United States: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 9. United States: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. United States: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 11. United States: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 12. Canada: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 13. Canada: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 14. Canada: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 15. Canada: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 16. Mexico: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 17. Mexico: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 18. Mexico: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 19. Mexico: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 20. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. E-Invoicing Market segmentation, by Country
Figure 2. PEST Analysis
Figure 3. E-Invoicing Market – Ecosystem Analysis
Figure 4. E-Invoicing Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. E-Invoicing Market Revenue (US$ Million), 2021–2031
Figure 7. E-Invoicing Market Share (%) – by Deployment (2023 and 2031)
Figure 8. On-Premise: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Cloud-Based: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. E-Invoicing Market Share (%) – by End User (2023 and 2031)
Figure 11. Retail and E-Commerce: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Government: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. IT and Telecom: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. BFSI: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. E-Invoicing Market Share (%) – by Application (2023 and 2031)
Figure 17. B2B: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. B2C: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. B2G: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. E-Invoicing Market Share (%) – by Type (2023 and 2031)
Figure 21. Non-PO Invoices: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. PO Invoices: North America E-Invoicing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. North America: E-Invoicing Market, by Key Country – Revenue (2023) (US$ Million)
Figure 24. North America: E-Invoicing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 25. United States: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Canada: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Mexico: E-Invoicing Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Company Positioning & Concentration