Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR41123

  • E-Invoicing Market to grow by USD 36.1 billion during 2024-2029- Technavio

    The global E-Invoicing Market is set for explosive growth, with its E-Invoicing Market Size projected to rise by USD 36.1 billion from 2024 to 2029, according to a new report by Technavio. This reflects a robust compound annual growth rate (CAGR) of 29.9% over the forecast period. This is driven by the convenience of Mobile Invoicing and a shift to Digital Invoicing, enhancing business efficiency with E-Invoicing Solutions. However, complexities in E-Invoice Compliance could slow E-Invoicing Adoption. Europe is poised to contribute 44% to E-Invoicing Growth, leading the Electronic Invoicing landscape. These E-Invoicing Providers propel a USD 36.1 billion growth by 2029 want their strategies? Secure your Request Sample Report and peek behind the scenes!

    Global E-Invoicing Market 2025-2029

    Europe Leads Regional Charge

    Europe is set to dominate the E-Invoicing Market, accounting for 44% of global growth between 2024 and 2029. This is fueled by strict E-Invoicing Regulations, advanced infrastructure, and high E-Invoicing Adoption across key nations.

    • Countries Driving Growth:
      • Europe: Germany, France, Italy, Spain, United Kingdom
      • Asia-Pacific (APAC): China, India, Japan, South Korea
      • North America: United States, Canada, Mexico
      • South America: Brazil, Argentina
      • Middle East & Africa (MEA): Saudi Arabia, South Africa

    Germany and Italy lead with mandatory E-Invoicing Regulations, boosting B2B Invoicing in manufacturing and healthcare. E-Invoicing Providers like Basware Corp. leverage Cloud-Based Invoicing to meet E-Invoice Compliance. Europe’s 44% share in the E-Invoicing Market forecast underscores its role in E-Invoicing Trends. Curious why Europe’s outpacing the rest? Grab your free sample report and uncover the regional edge!

    APAC, with China and India, harnesses E-Invoicing Technology for e-commerce, while the U.S. in North America drives Automated Invoicing in finance. Brazil and South Africa modernize trade with E-Invoicing Solutions, but Europe remains the leader. 

    Segments and Subsegments

    The E-Invoicing Market is segmented by end-user and deployment, with subsegments powering growth:

    • End-User:
      • Business-to-Business (B2B): Invoice Automation, supplier portals
      • Business-to-Consumer (B2C): Consumer billing apps, payment integrations
      • B2B dominates, with Europe excelling in E-Invoicing Software.
    • Deployment:
      • Cloud-Based: SaaS platforms, hybrid models
      • On-Premises: Legacy systems, enterprise setups
      • Cloud-Based Invoicing leads for scalability and E-Invoicing Benefits.

    B2B drives Electronic Invoicing, want to dissect these segments? Claim your Request Sample Report and get the insider scoop!

    Market Dynamics

    • Drivers:
      • Convenience and easy accessibility of mobile payment systems: Europe’s Mobile Invoicing enhances E-Invoicing Adoption.
      • Shift toward digital invoicing: Invoice Automation streamlines operations globally.
    • Trends:
      • Integration of AI and blockchain: APAC’s E-Invoicing Technology boosts accuracy and E-Invoicing Security.
      • Rise of cloud-based invoicing: Cloud-Based Invoicing in North America and Europe.
    • Challenges:
      • Compliance complexities: Diverse E-Invoicing Regulations challenge E-Invoice Compliance in MEA.
      • Awareness gaps: South America lags in Automated Invoicing uptake.

    These dynamics fuel E-Invoicing Growth, intrigued by what’s next? Unlock your Request Sample Report and stay ahead!

    Key Players

    • Basware Corp.: Leads with Invoice Automation for B2B Invoicing.
    • SAP SE: Drives E-Invoicing Software in Europe.
    • Coupa Software Inc.: Enhances Cloud-Based Invoicing.
    • IBM Corp.: Pioneers E-Invoicing Technology with AI.
    • TradeShift Inc.: Boosts B2B Invoicing.
    • Zoho Corp. Pvt. Ltd.: Offers scalable E-Invoicing Solutions.
    • Cegedim SA: Focuses on E-Invoice Compliance in healthcare.
    • Comarch SA: Advances E-Invoicing Trends.
    • Esker SA: Supports Automated Invoicing.

    Technavio’s Insights Unlock Opportunities

    Technavio’s report dives into the E-Invoicing Market, offering insights on regions, segments, and competition. With 500 analysts across 800 technologies in 50 countries, Technavio equips businesses to thrive. It highlights Europe’s 44% stake in E-Invoicing Growth, B2B’s lead, and E-Invoicing Benefits like efficiency and E-Invoicing Security.

    For businesses in this thriving Electronic Invoicing space, Technavio maps E-Invoicing Adoption and opportunities. As the E-Invoicing Market Size climbs by USD 36.1 billion through 2029, staying ahead is key. Ready to revolutionize invoicing? Snag your free sample report and lead the charge!

    About Technavio

    Technavio is a global leader in technology research, delivering insights for strategic decisions. With over 17,000 reports, Technavio helps clients seize opportunities in evolving markets. Contact Technavio Research at media@technavio.com or visit www.technavio.com.

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