Europe Digital Receipts Market-By Distribution System, By Shopper Type, By Industry Vertical, By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030

Report Code: ITR 0413 Report Format: PDF + Excel

Europe Digital Receipts Market Overview:

Europe Digital Receipts Market size is estimated to reach $933.06 million by 2030, growing at a CAGR of 7.0% during the forecast period 2023-2030. The market growth is due to the increasing adoption of retail shopping applications & websites, increasing use of food purchase applications, rising penetration of online payment and delivery options rising preferences for online shopping, and growing use of electronic receipts in retail industries. Paperless transactions drive the demand for digital receipts by promoting efficiency, convenience, and sustainability.
 
The industry is being driven by the increasing use of applications for food and retail shopping. Beginning August 1, 2023, retailers in France will no longer be required to issue receipts, card slips, or purchase vouchers for every transaction completed in their businesses. France is taking an important step towards a more sustainable future by enacting new laws. As per consumer protection regulations, retailers will have the option of providing electronic receipts, which can be given directly to customers by email, SMS, or QR codes. This will not only cut paper waste but will also make transactions more convenient and efficient for customers.

Europe Digital Receipts Market - Report Coverage:

The “Europe Digital Receipts Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Europe Digital Receipts Market.
 
Attribute Segment

By Distribution System

  • E-mail

  • Text

  • Application

  • Website

By Shopper Type

  • Non- Loyalty

  • Loyalty

By Industry Vertical

  • Retail industry

  • Apparel industry

  • Sports

  • Home goods

  • Footwear

  • Health and Wellness

  • Others

By Geography

  • Europe (Germany, France, UK, Italy, Spain and Rest of Europe)
 

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The pandemic caused a sharp increase in the importance of cleanliness and safety in many different businesses. Digital receipts improved the entire shopping experience while contributing to safety by minimizing the need for physical contact during transactions. The retail industry's digital revolution was hastened by COVID-19. To adapt to shifting consumer demands, companies that had previously depended on conventional point-of-sale systems had to move fast to incorporate digital receipt solutions. The pandemic served as a spur for using technology to improve consumer experiences and optimize business processes.
 
• The situation on the ground is subject to change, and the Russia-Ukraine War's repercussions on the market for digital receipts may have been different. Numerous factors might influence how geopolitical conditions affect markets because of how complicated and unstable they are as individuals.

Key Takeaways:

• The UK has the Highest Market Share in Europe Digital Receipts Market

UK is analyzed to grow with the highest CAGR of 5.1% in the Europe digital receipts market during the forecast period 2023-2030. Digital receipts have witnessed a noteworthy adoption throughout the U.K., with a quarter of U.K. retailers exclusively offering them over paper receipts. In 2023, According to a survey conducted by eyosretail, 76% of analyzed U.K. retailers paper receipts, 84% offer digital receipts, and 60% offer both options, thus, providing new growth avenues to the market. Further, more than half of fashion retail stores surveyed have both options for receipts in their stores. According to the Office for National Statistics, in 2021, the volume of retail sales rose by 5.1%, which was the strongest growth since 2004 (5.1%) and was last higher in 2002 (5.7%).

• E-mail: The Growing Popularity of Shopping Applications

The growing usage of e-commerce sites, mail, and online purchasing applications & websites. Electronic receipts are better for the environment because there is no need for paper bills. Giving customers a digital receipt lowers the chance that they will lose it and is practical and economical. They contribute to the development of pleasant client experiences, which aids in the expansion of a firm in line with customer wants and desires. In a survey released by Payment Sense in 2021, it was shown that customized emails had 6x higher transaction rates and that more than half (53%) of emails are opened on mobile devices. According to the article, just 17 percent of people favor social media while 72% prefer email for receiving promotional information. Furthermore, the forecast for the e-mail section of the Digital Receipts business is being impacted over time by factors such as the increased demand for mobile payments, the increasing adoption of smartphones, and online banking services.

• The Loyalty Shopper type is Leading the Market

Loyalty Shopper accounts for the largest market share 67.79% in 2022. Loyalty shoppers are customers who actively engage with loyalty programs offered by brands or retailers. They exhibit a higher level of commitment and dedication to a specific brand or retailer, often due to the incentives, rewards, or personalized experiences offered through loyalty programs. Loyalty shoppers are more likely to make repeat purchases, recommend the brand to others, and stay loyal to a particular retailer. Digital receipts are particularly valuable for loyalty shoppers. As these shoppers actively participate in loyalty programs, digital receipts can serve as a key component of personalized experiences. By capturing transaction details, digital receipts enable retailers to analyze purchase history, preferences, and shopping patterns.

• Technological Barriers as a Major Challenge

Implementing digital receipt systems may require businesses to invest in new technologies or upgrade their existing infrastructure. This can include point-of-sale (POS) systems, software integration, data storage solutions, and secure communication channels. Overcoming technical challenges and ensuring compatibility with existing systems can be a hurdle for some businesses. Businesses need to ensure that their digital receipt systems are compatible with a wide range of devices and operating systems. This includes smartphones, tablets, computers, and different software platforms. Ensuring a seamless experience across these devices can be a challenge. Digital receipts generate a significant amount of data, including transaction details and customer information. Businesses need to have secure and scalable systems in place to store and manage this data effectively. This involves considerations such as data backup, disaster recovery, data encryption, and compliance with data protection regulations.
 

Europe Digital Receipts Market Share (%) By Region, 2022

                                                                           

   
                                                                                                                                     For More Details On this report - Request For Sample

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Europe digital receipts market. The top 10 companies in this industry are listed below:
 
  1. Square Inc.
  2. SAP
  3. Ingenico Group
  4. SumUp
  5. Intuit
  6. Fiserv
  7. PayPal
  8. Cegid Group
  9. Powa Technologies
  10. Oracle

Scope of the Report: 

Report Metric Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

7.0%

Market Size in 2030

$933.06 billion

Segments Covered

Distribution System, Shopper Type, Industrial Vertical and Region

Geographies Covered

Europe (Germany, France, UK, Italy, Spain and Rest of Europe)

 

 

Key Market Players

 

  1. Square Inc.
  2. SAP
  3. Ingenico Group
  4. SumUp
  5. Intuit
  6. Fiserv
  7. PayPal
  8. Cegid Group
  9. Powa Technologies
  10. Oracle

 

 
 
For more Information and Communications Technology Market reports, please click here
1.Europe Digital Receipts Market – Market Overview
    1.1 Definition and Scope
2. Europe Digital Receipts Market - Executive Summary
    2.1 Key Trend by Distribution System
    2.2 Key Trends by Shopper Type
    2.3 Key Trends by Industrial Vertical
    2.4 Key Trends by Region
3. Europe Digital Receipts Market – Comparative Analysis
    3.1. Product Bench Marking – Key Companies
    3.2 Global Financial Analysis – Key Companies
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Europe Digital Receipts Market – Startup Companies Scenario 
    4.1 Key Startup Company Analysis by
          4.1.1 Investment
          4.1.2 Revenue
          4.1.3 Venture Capital and Funding Scenario
5. Europe Digital Receipts Market – Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Europe Digital Receipts Market – Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Challenges
    6.4 Porter’s Five Force Model
          6.4.1 Bargaining Power of Suppliers
          6.4.2 Bargaining Powers of Customers
          6.4.3 Threat of New Entrants
          6.4.4 Rivalry Among Existing Players
          6.4.5 Threat of Substitutes
7. Europe Digital Receipts Market – Strategic Analysis
    7.1 Supply Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
8. Europe Digital Receipts Market – By Distribution System
    8.1 E-mail
    8.2 Text
    8.3 Application
    8.4 Website
9. Europe Digital Receipts Market - By Shopper Type
    9.1 Non-Loyalty
    9.2 Loyalty
    9.3 +
10. Europe Digital Receipts Market – By Industrial Vertical
    10.1 Retail Industry
    10.2 Apparel Industry
    10.3 Sports
    10.4 Home goods
    10.5 Footwear
    10.6 Health and Wellness
    10.7 Others
11. Europe Digital Receipts Market - By Country
     11.1 Europe
          11.1.1 United Kingdom
          11.1.2 Germany
          11.1.3 France
          11.1.4 Italy
          11.1.5 Spain
          11.1.6 Belgium
          11.1.7 Poland
          11.1.8 Rest of Europe
12. Europe Digital Receipts Market – Entropy
13. Europe Digital Receipts Market – Industry/Segment Competition Landscape
    13.1 Market Share Analysis
          13.1.1 Market Share by Distribution System – Key Companies
          13.1.2 Market Share by Region – Key Companies
          13.1.3 Market Share by Country – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Europe Digital Receipts Market – Key Company List by Country Premium
15. Europe Digital Square Inc.
    15.1 SAP
    15.2 Ingenico Group
    15.3 SumUp
    15.4 Intuit
    15.5 Fiserv
    15.6 PayPal
    15.7 Cegid Group
    15.8 Powa Technologies
    15.9 Oracle
  • "Financials to the Private Companies would be provided on a best-effort basis."

The Europe Digital Receipts Market is projected to grow at 7.0% CAGR during the forecast period 2023-2030.

Europe Digital Receipts Market size is estimated to be $582.96 billion in 2023 and is projected to reach $933.06 billion by 2030

The leading players in the Europe digital receipts market are Square Inc., SAP, Ingenico Group, SumUp, Intuit, Fiserv, PayPal, Cegid Group, Powa Technologies, Oracle and Others.

The increasing use of retail shopping and food purchase applications, will provide growth prospects for the market during the projected period. 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The growing popularity of online shopping applications websites, e-commerce site usage, mail usage and the rapid development in technology are the driving factors of the 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