|[March 19, 2014]
Research and Markets: Global E-invoicing Market 2012-2016: Market Size and Forecast by Size and Volume
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/6sw7sd/global)
has announced the addition of the "Global
E-invoicing Market 2012-2016" report to their offering.
The analysts forecast the Global E-invoicing market to grow at a CAGR of
24.2 percent over the period 2012-2016. One of the key factors
contributing to this market growth is the need to automate invoicing
process and reduce operational cost. The Global E-invoicing market has
also been witnessing the increasing adoption of e-invoicing by SMEs.
However, the complexity involved in electronic purchasing process could
pose a challenge to the growth of this market.
Key vendors dominating this market space include Ariba Inc., Basware
Corp., Esker SA, and IBM (News - Alert) Corp.
Other vendors mentioned in the rport: PricewaterhouseCoopers Inc.,
Billentis, Cegedim SA, Comarch SA, and Maventa Ltd.
Commenting on the report, an analyst from TechNavio's Enterprise
Computing team said: ''Earlier, SMEs had limited options when seeking to
adopt a system that would ensure optimal business performance. This was
because they did not require, or could not afford, all the features of
enterprise-class systems. Their options were limited to freeware,
low-end or open-source solutions that mainly focused on server or
network monitoring. In the last few years, many SMEs have become
increasingly aware of the significance of having a solution that
preserves their brand reputation and enhances the business process. Some
new vendors in the e-invoicing space are aware of this opportunity, and
they have recently entered the market with offerings that are positioned
to capitalize on this trend. The combination of these new vendors'
pricing models and the capabilities and the ease of management that
their solutions offer makes these products appealing, especially to
According to the report, one of the major drivers in the market is the
need to automate the invoicing process and reduce the operational cost.
E-invoicing enables companies within or across organizations to automate
invoice generation and enhance the overall business process. It also
reduces the total operational cost and the time spent on the purchasing
For more information visit http://www.researchandmarkets.com/research/6sw7sd/global
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