Global E-Invoicing Market
The global E-Invoicing Market size was valued at USD 15.9 Billion in 2024 and is projected to reach USD 68.7 Billion by 2033. The market is expected to grow at a CAGR of 16.8% during the forecast period of 2025-2033. Key drivers include the expansion of the e-commerce sector, widespread adoption of advanced IT solutions, and technological innovations such as web and software-based invoicing applications.

Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033

E-Invoicing Market Key Takeaways

• Current Market Size: USD 15.9 Billion in 2024
• CAGR: 16.8% for 2025-2033
• Forecast Period: 2025-2033
• The B2C channel represents the largest market segment due to high volume consumer transactions enhancing convenience and cost savings.
• Cloud-based deployment accounts for the largest market share because of accessibility, scalability, and reduced infrastructure costs.
• The e-commerce application segment holds the largest market share, driven by high transaction volumes and integration with digital platforms.
• Europe dominates regional markets owing to proactive government mandates, standardization efforts, and a strong digital infrastructure.
• Leading market players are integrating AI, machine learning, and blockchain technologies into their e-invoicing solutions to enhance efficiency.

Request for sample copy of this report: https://www.imarcgroup.com/e-invoicing-market/requestsample

Market Growth Factors

The global e-invoicing market is propelled by several growth drivers.

Firstly, the expanding e-commerce industry has significantly increased online transactions requiring efficient invoice processing. E-invoicing platforms handle large volumes seamlessly by automating invoice generation, delivery, and processing, addressing the demand for real-time transaction invoicing and enhancing customer experience.

Secondly, the widespread adoption of advanced IT solutions across industries fuels market growth. Automation technologies like artificial intelligence (AI) and machine learning improve invoice data extraction, validation, and prediction of discrepancies, while blockchain ensures secure, immutable transaction records. These technological advancements lead to optimized, accurate, and trustworthy invoicing processes.

Thirdly, regulatory initiatives and mandates globally encourage or require businesses to adopt e-invoicing to curb tax evasion, reduce fraud, and increase financial transparency. Compliance drives adoption to avoid penalties. Additionally, sustainability concerns motivate transition from paper-based to electronic invoicing, reducing paper usage and environmental impact, supporting corporate social responsibility efforts.

Market Segmentation

Breakup by Channel:

• B2B
• B2C
• Others

B2C represents the most leading channel, involving large volumes of individual customer transactions. E-invoicing in B2C streamlines payments and reduces paper-based costs, aligning with consumer digital expectations.

Breakup by Deployment Type:

• Cloud-based
• On-premises

Cloud-based deployment holds the largest market share due to accessibility from anywhere, scalability for transaction volumes, support for remote work, and reduced maintenance and capital costs compared to on-premises.

Breakup by Application:

• Energy and Utilities
• FMCG
• E-Commerce
• BFSI
• Government
• Others

The e-commerce sector holds the largest market share. E-invoicing supports vast sales and payment transactions by automating invoice generation and integration within digital commerce platforms.

Regional Insights

Europe currently dominates the global e-invoicing market due to active government regulations like the European Directive 2014/55/EU mandating e-invoicing in public procurement, fostering a standardized invoicing framework. Early technology adoption, robust digital infrastructure, and widespread use of electronic banking and digital payments further underpin Europe's market leadership.

Recent Developments & News

• Araize, Inc. released a new version of its e-invoicing software featuring enhanced invoice tracking, payment reminders, and customization, with integration to popular CRM and accounting systems.
• The Sage Group introduced AI-powered e-invoicing capabilities automating invoice creation, approval workflows, payment processing, and real-time analytics.
• SAP Ariba, part of SAP SE, upgraded its e-invoicing and procurement solutions to enhance supplier collaboration, optimize procurement, and improve supply chain visibility.

Key Players

• Basware Oy
• Comarch SA
• Coupa Software Inc
• EDICOM
• Esker
• International Business Machines Corporation
• Nipendo
• Open Text Corporation
• Pagero
• PaySimple
• Sage Group plc
• SAP SE
• Tradeshift Holdings, Inc.
• Vertex, Inc

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request for customization: https://www.imarcgroup.com/request?type=report&id=2584&flag=E

About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302