Latest News- E-Invoicing Market in Europe: B2B is expected to lead the End-user segment during 2025-2029

The E-Invoicing Market in Europe is being driven by Convenience and easy accessibility of mobile payment systems

The E-Invoicing Market in Europe is expected to grow at a CAGR of 20.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8207.6 million. E-billing, through the use of e-invoices, enables businesses to store and access invoice data as needed. Blockchain technology enhances the security and cost-effectiveness of this data storage solution. Each transaction on the blockchain is linked to the corresponding invoice database and secured through cryptography, ensuring only authorized personnel can access the information. Blockchain eliminates the need for intermediaries, delivering secure and direct transactions between parties within the network. Once data is stored on the blockchain, it becomes highly protected, making unauthorized access difficult. By implementing blockchain technology in e-invoicing, businesses can improve data security, reduce costs, and streamline transactions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • B2B
  • B2C
• Deployment
  • Cloud-based
  • On-premises
• Solution
  • Integrated solutions
  • Standalone solutions
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Denmark

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Convenience and easy accessibility of mobile payment systems
• Stringent regulatory requirements and government initiatives promoting adoption of e-invoicing
• Shift from capital expenditure model to operational expenditure model

However, the market also witnesses some limitations, which are as follows:

• Threat of cyber-attacks and data privacy
• Lack of standardization and interoperability
• Inaccuracies in invoicing

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Market Scope in E-Invoicing Market in Europe Research Report

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Research Analysis Overview

The E-Invoicing Market in Europe encompasses solutions offering features such as invoice data mapping, automated invoice number generation, purchase order matching, tax calculation engines, adherence to global invoice standards, data validation checks, and robust security protocols. Access control systems, user authentication methods, and scalable invoice systems ensure efficient processing. Reporting and analytics, system performance tuning, data governance policies, and data quality assurance maintain data accuracy. Compliance certifications, integration frameworks, API documentation, and software development kits facilitate seamless implementation. Technical support services, system maintenance schedules, capacity planning, disaster recovery planning, business continuity management, change management processes, and system upgrade planning ensure reliability and continuity.

Market Research Overview

The European E-Invoicing market encompasses businesses utilizing XML invoice formats, EDI invoice processing, API invoice integration, and invoice automation software. This segment falls under the broader IT software industry, specifically system software. According to Technavio, the European system software market encompasses organizations specializing in application and database management software, cloud computing, IT management, mobility, networking, security, and storage solutions. Excluding home entertainment software, the market size is determined by the combined revenue generated by these entities providing various types of systems software, including cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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