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

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

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