The Paypers

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.

This study identifies the need to adhere to regulatory guidelines and ensure compliance as one of the prime reasons driving the e-invoicing market growth during the next few years. The market is concentrated, and the degree of concentration will accelerate during the forecast period. The accessibility of mobile payment systems will offer growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

E-invoicing market to grow during 2020-2024, report