TechNavio – Infiniti Research2014-2018 Sample - Global e-Invoicing Market 2014-2018 Global e...

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TechNavio – Infiniti Research http://www.marketresearch.com/InfinitiResearchLimitedv2680/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST Email: [email protected] MarketResearch.com

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TechNavio – Infiniti Research

http://www.marketresearch.com/Infiniti‐Research‐Limited‐v2680/ 

Publisher Sample

Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST

Fridays: 5:30am - 5:30pm EST

Email: [email protected] MarketResearch.com

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technavio insights

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01. Market Research Methodology

Market Research Process

TechNavio identifies the key opportunities in leading markets and develops various

methodologies for data collection and analysis. The micro, meso, and macroeconomic

indicators of the market are studied to ascertain the dynamics of the market.

Research Design

TechNavio’s reports are based on in-depth qualitative and quantitative analyses of various

markets. Qualitative analysis involves the application of various projection and sampling

techniques, whereas quantitative analysis involves primary interviews, surveys, and vendor

briefings. The data thus gathered is validated through experts' opinions. Based on research

results and technical insights, TechNavio analysts refine the existing methodologies to analyze

the various aspects of the market.

Exhibit 1: Market Research Methodology

Source: TechNavio Analysis

Global e-Invoicing

Market

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TechNavio analysts gather inputs from various vendors and industry experts and verify the

information collected with databases, financial reports, industry papers, and various other

secondary sources. The impact of global economic conditions and other macroeconomic

indicators are also considered while assessing the market.

Research Methodology

TechNavio analysts have adopted primary as well as secondary research techniques to

ascertain the size and vendor landscape of the Global e-Invoicing Market. The information is

obtained using a combination of the bottom-up and top-down approaches, besides using in-

house market modeling tools. The data is then corroborated with data obtained from various

market participants and stakeholders across the value chain, including vendors, service

providers, distributors, re-sellers, and end-users.

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02. Executive Summary

Market Size 2013: US$ XXX billion

2018: US$ XXX billion

Market Growth Rate 2013: XXX percent

2018: XXX percent

CAGR XXX percent

Key Geographies

Europe: XXX percent

North America: XXX percent

APAC: XXX percent

Key Leading Countries

US: XXX percent

UK: XXX percent

Denmark: XXX percent

Key Customer Segments

SMEs

Large Enterprises

Government Organizations

Key Market Drivers

Need to Automate Invoicing Process and Reduce

Operational Costs

Driver 2

Driver 3

Need to Reduce Carbon Footprints

Key Market Challenges

Complexity Involved in Electronic Purchasing Process

Challenge 2

Challenge 3

Lack of Internal Cross-functional Collaboration

Key Market Trends

Emergence of Cloud Computing

Trend 2

Trend 3

Stringent e-Invoicing Regulations

Key Buying Criteria

Affordability

Reliability

Security

Usability

Key Vendors

Ariba Inc.

Basware

Esker

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IBM Corp.

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03. Scope of the Report

03.1 Market Overview

This report covers the present scenario and the growth prospects of the Global e-Invoicing

market for the period 2014-2018. To calculate the market size, the report considers revenue

generated by the e-invoicing service providers worldwide. The report also presents the vendor

landscape and a corresponding detailed analysis of the four major vendors in the Global e-

Invoicing market. In addition, it discusses the major drivers that influence the growth of the

market. It also outlines the challenges faced by the vendors and the market at large, as well as

the key trends that are emerging in the market.

03.2 Product Offerings

Some of the products offered by the major vendors in the Global e-Invoicing market are listed

below:

Company Products Offered

Ariba Inc. Ariba invoice presentment and payment

Basware Basware e-invoicing

Basware accounts payable and automation

Esker Esker DeliveryWare

IBM Corp. IBM sterling e-invoicing

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04. Introduction

E-invoicing, also known as e-billing, is the exchange of bills and related invoices between

enterprises and their clients in an integrated electronic format using the internet. E-invoicing is a

part of electronic data interchange transactions, which include data from enterprises in a

format that can be integrated into their client's financial system without the interference of a

financial administrator. It offers a number of benefits to organizations, including the streamlining

of accounting processes, reduced paper volume, higher receivables, timely delivery of invoices

and faster customer payments, reduction in the number of lost invoices, and increased visibility

and control over various processes. Enterprises use e-invoicing solutions to simplify and automate

the process of creating, sending, and receiving invoices.

The Global e-Invoicing market is currently growing at a rapid rate and is expected to post a

CAGR of XXX percent during the period 2013-2018. The majority of the demand for e-invoicing

comes from Europe, which accounted for XXX percent of the market in 2013. The Americas and

the APAC region also experienced promising growth, and they are expected to increase their

market share in the near future. Ariba Inc., Basware, Esker, and IBM Corp. are the major vendors

in this market.

The growth of the Global e-Invoicing market is driven by many factors. The need to automate

the invoicing process and reduce operational costs in organizations is one of the major drivers. E-

invoicing enables organizations to automate invoice generation and enhance the overall

business process. It also reduces the total operational cost and time spent on their purchasing

process. Increased adoption of e-invoicing by SMEs is another key driver.

Despite the strong drivers, the growth of the Global e-Invoicing market is curtailed by certain

serious challenges. The complexity involved in the electronic purchasing process is one of the

major challenges. The electronic purchasing process is extremely complex; creating and

maintaining product data electronically and enabling suppliers to support electronic

transactions increase this complexity. Generally, there is a limitation in the ability of e-invoicing to

address various types and ranges of purchasing activities. Concern regarding the security of

customer data is another major challenge.

Note: Information included in this sample are extracts of the full report.

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04.1 Key Questions Answered in this Report

What will the market size be in 2018 and what will be the growth rate?

What are key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by key vendors?

What are the strengths and weaknesses of each of these key vendors?

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05. Market Landscape

05.1 Market Size and Forecast

The Global e-Invoicing market was valued at US$ XXX billion in 2013 and is expected to reach

US$ XXX billion by 2018, growing at a CAGR of XXX percent.

In 2013, the market grew at an annual rate of 23.06 percent. Increased focus on reducing

carbon footprints and increased use of green technologies are two of the factors boosting the

growth of the market. E-invoicing enables this by significantly reducing the use of paper.

Exhibit 2: Global e-Invoicing Market 2013-2018 (US$ billion)

Actual exhibits are available in full report only

Source: TechNavio Analysis

SMEs, large enterprises, and government organizations are the major end-users in the Global e-

Invoicing market. E-invoicing helps enterprises enhance their overall purchasing and payment

processes, reduce the costs associated with the invoicing process, and improve the overall

efficiency.

Note: Information included in this sample are extracts of the full report.

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06. Market Growth Drivers

The growth of the Global e-Invoicing market is driven by many factors. The need to automate

the invoicing process and reduce operational costs in organizations is one of the major drivers.

Some of the major drivers of the Global e-Invoicing market are discussed below:

Need to Automate Invoicing Process and Reduce Operational Costs

Driver 2

Driver 3

Driver 4

Need to Automate Invoicing Process and Reduce Operational Costs

E-invoicing enables organizations to automate invoice generation and enhance the overall

business process. It eliminates paper processing, reduces operational costs, failed payments,

and processing errors, accelerates the purchasing process, and improves customer relations. This

indirectly helps in increasing the production rate.

Note: Information included in this sample are extracts of the full report.

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07. Market Challenges

Despite the strong drivers, the growth of the Global e-Invoicing market is curtailed by certain

serious challenges. The complexity involved in the electronic purchasing process is one of the

major challenges.

Some of the major challenges for the vendors in the Global e-Invoicing market are discussed

below:

Complexity Involved in Electronic Purchasing Process

Challenge 2

Challenge 3

Challenge 4

Complexity Involved in Electronic Purchasing Process

Creating and maintaining product data electronically and enabling suppliers to support

electronic transactions increase the complexity of the purchasing process. Generally, there is a

limitation in the ability of e-invoicing to address various types and ranges of purchasing activities.

Organizations face difficulty in managing electronic catalogs with thousands of products and

providing employees with the right mix of products and information. This process can be

complicated because it necessitates the use of additional tools.

Note: Information included in this sample are extracts of the full report.

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08. Market Trends

Although the market faces certain challenges, it is expected to grow rapidly during the forecast

period because of some emerging trends that could negate the effect of these challenges to a

certain extent.

Some of the major trends emerging in the Global e-Invoicing market are discussed below:

Emergence of Cloud Computing

Trend 2

Trend 3

Trend 4

Emergence of Cloud Computing

The emergence of cloud-based solutions has enabled organizations to increase their efficiency

and reduce the cost of setting up valuable IT infrastructure. The cloud-based model for e-

invoicing offers a pay-per-use model, which provides cost-effective access to e-invoicing

solutions to multiple users without any time and location constraints.

Note: Information included in this sample are extracts of the full report.

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09. Vendor Landscape

09.1 Competitive Scenario

The Global e-Invoicing market is highly fragmented and is witnessing numerous mergers and

acquisitions. As a result of the large number of vendors, it becomes difficult for end-users to

select appropriate products from among the various offerings.

Increased need to include advanced e-invoicing capabilities in their solutions is driving major

vendors to follow a consolidation strategy; therefore, they are acquiring application-specific

vendors to meet this need. Such consolidation has resulted in increased competition among the

vendors.

In addition, many small vendors have entered the Global e-Invoicing market to capitalize on the

emerging cloud computing trend. They have started providing cloud-based e-invoicing solutions

to attract SMEs. However, both established firms and new companies that wish to enter the

market have to deal with many new and evolving challenges.

Note: Information included in this sample are extracts of the full report.

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10. Key Vendor Analysis

10.1 Ariba Inc.

10.1.1 Business Overview

Together with its subsidiaries, Ariba Inc. provides collaborative business commerce solutions that

facilitate the buying and selling of goods and services. The company started its business with the

innovative idea of using the internet to facilitate and improve the procurement processes of

organizations. It combines technology to optimize the commerce life cycle with web-based

community technology in its solutions. Using these solutions, customers can connect and

collaborate with a global network of trading partners. This also helps organizations enhance their

cash flow and operations in a cloud-based environment. The company offers a complete range

of solutions that enable organizations to manage invoice presentment and payment

electronically from data capture, transmission, and receipt through processing to exception

management and archiving. The company was acquired by SAP, a German business software

provider, for US$ XXX billion in October 2012.

10.1.2 Key Information

Company Details Description

Product Portfolio Ariba invoice presentment and payment

Key Partnerships May 2012: Ariba partners with Genpact to deliver

solutions to improve the process of procurements and

reduce the costs involved during the process

Key Mergers and Acquisitions October 2012: SAP, a global leader in the Global

Enterprise Applications market, acquires the company

for US$ XXX billion

Key Customers Bajaj Auto Ltd.

Dabur India Ltd.

eBay Inc.

Procter & Gamble Co.

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10.1.3 SWOT Analysis

Strengths

Ariba is one of the leading vendors in

the Global e-Invoicing market

Strength 2

Strength 3

Strength 4

Strength 5

Weaknesses

Weakness 1

Weakness 2

Opportunities

Opportunity 1

Opportunity 2

Opportunity 3

Threats

Threat 1

Threat 2

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01. Executive Summary ......................................................................................... 1

02. List of Abbreviations ......................................................................................... 2

03. Scope of the Report ........................................................................................ 3

03.1 Market Overview ......................................................................................... 3

03.2 Product Offerings......................................................................................... 3

04. Market Research Methodology .................................................................... 4

04.1 Market Research Process ........................................................................... 4

04.2 Research Methodology ............................................................................. 4

05. Introduction ....................................................................................................... 6

06. Market Landscape .......................................................................................... 8

06.1 Market Overview ......................................................................................... 8

06.2 Phases of e-Invoicing .................................................................................. 9

06.3 Market Size and Forecast........................................................................... 9

06.4 Five Forces Analysis ................................................................................... 11

07. Geographical Segmentation ...................................................................... 13

07.1 Global e-Invoicing Market by Geographical Segmentation ........... 13

08. Key Leading Countries .................................................................................. 15

08.1 US .................................................................................................................. 15

08.2 UK .................................................................................................................. 15

08.3 Denmark ...................................................................................................... 16

09. Buying Criteria ................................................................................................. 17

10. Market Growth Drivers ................................................................................... 18

11. Drivers and their Impact ............................................................................... 20

12. Market Challenges ........................................................................................ 21

13. Impact of Drivers and Challenges .............................................................. 23

TABLE OF CONTENT

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14. Market Trends .................................................................................................. 24

15. Trends and their Impact ................................................................................ 26

16. Vendor Landscape ........................................................................................ 27

16.1 Competitive Scenario............................................................................... 27

16.2 Major Vendors 2013 .................................................................................. 27

16.3 Other Prominent Vendors ........................................................................ 29

17. Key Vendor Analysis ...................................................................................... 30

17.1 Ariba Inc. ..................................................................................................... 30

17.1.1 Business Overview...................................................................................... 30

17.1.2 Business Segmentation ............................................................................. 31

17.1.3 Product Portfolio ........................................................................................ 32

17.1.4 Key Information .......................................................................................... 33

17.1.5 SWOT Analysis ............................................................................................. 34

17.2 Basware ....................................................................................................... 35

17.2.1 Business Overview...................................................................................... 35

17.2.2 Business Segmentation ............................................................................. 36

17.2.3 Key Information .......................................................................................... 37

17.2.4 SWOT Analysis ............................................................................................. 38

17.3 Esker ............................................................................................................. 39

17.3.1 Business Overview...................................................................................... 39

17.3.2 Business Segmentation ............................................................................. 40

17.3.3 Revenue Segmentation by Geography ............................................... 41

17.3.4 Key Information .......................................................................................... 42

17.3.5 SWOT Analysis ............................................................................................. 43

17.4 IBM Corp...................................................................................................... 44

17.4.1 Business Overview...................................................................................... 44

17.4.2 Business Segmentation ............................................................................. 45

17.4.3 Key Information .......................................................................................... 46

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17.4.4 SWOT Analysis ............................................................................................. 47

18. Other Reports in this Series ............................................................................ 48

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Exhibit 1: Market Research Methodology ..................................................... 4

Exhibit 2: E-Invoicing Process ........................................................................... 8

Exhibit 3: Global e-Invoicing Market 2013-2018 (US$ billion) ................... 10

Exhibit 4: Global e-Invoicing Market by Geographical

Segmentation 2013 ........................................................................ 13

Exhibit 5: Major Vendors in Global e-Invoicing Market ............................ 28

Exhibit 6: Business Segmentation of Ariba Inc. ........................................... 31

Exhibit 7: Product Portfolio of Ariba Inc. ...................................................... 32

Exhibit 8: Business Segmentation of Basware ............................................. 36

Exhibit 9: Business Segmentation of Esker.................................................... 40

Exhibit 10: Revenue Segmentation of Esker by Geography ..................... 41

Exhibit 11: Business Segmentation of IBM Corp. ........................................... 45

EXHIBITS

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11. Other Reports in this Series

Global E-commerce Software Market 2012-2016

E-tailing Market in China 2012-2016

Social Commerce Market in India and China 2012-2016

Mobile Commerce Market in India 2012-2016

Global E-commerce Market 2014-2018

Global Specialized Threat Analysis and Protection Market 2014-2018

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This report has been prepared from sources and data that we believe to be

reliable, but we make no representation as to its accuracy or completeness. Any

decision or action taken by the recipient based on this report shall be solely and

entirely at the risk of the recipient. Opinions and information provided are made

as at the date of the report issue and are subject to change without notice.

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Copyright ©2013 Infiniti Research Limited. All Rights Reserved.

Reproduction without written permission is completely forbidden.

TechNavio Insights is a customized set of reports based on the TechNavio

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