E-Invoicing

Global E-Invoicing Market to Reach US$47.0 Billion by 2030

The global market for E-Invoicing estimated at US$13.5 Billion in the year 2024, is expected to reach US$47.0 Billion by 2030, growing at a CAGR of 23.0% over the analysis period 2024-2030. On-Premise Deployment, one of the segments analyzed in the report, is expected to record a 22.5% CAGR and reach US$24.7 Billion by the end of the analysis period. Growth in the Cloud Deployment segment is estimated at 23.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.6 Billion While China is Forecast to Grow at 31.4% CAGR

The E-Invoicing market in the U.S. is estimated at US$3.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.5 Billion by the year 2030 trailing a CAGR of 31.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 17.7% and 20.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.

Global E-Invoicing Market: Key Trends & Drivers Summarized

What Is Accelerating the Adoption of E-Invoicing Solutions?

The global e-invoicing market is witnessing rapid expansion, propelled by the digital transformation initiatives across various industries. This growth is largely driven by the increasing adoption of cloud-based solutions, which offer scalability and flexibility for businesses aiming to streamline their invoicing processes. The shift from traditional paper-based systems to electronic invoicing has enabled organizations to enhance operational efficiency, reduce costs, and minimize errors associated with manual processing.

How Are Regulatory Mandates Shaping the E-Invoicing Landscape?

Government regulations mandating the implementation of e-invoicing systems have significantly influenced market dynamics. Many countries have introduced policies requiring businesses to adopt electronic invoicing to improve tax compliance and reduce fraud. For instance, the European Union has implemented directives to standardize e-invoicing across member states, facilitating smoother cross-border transactions. Such regulatory frameworks not only ensure transparency but also drive the widespread adoption of e-invoicing solutions among enterprises of all sizes.

Why Are Businesses Embracing E-Invoicing Amidst E-Commerce Growth?

The surge in e-commerce activities has necessitated efficient invoicing systems capable of handling high transaction volumes. E-invoicing solutions provide the agility required to manage large-scale invoicing seamlessly, catering to the needs of online retailers and consumers alike. The integration of e-invoicing with existing enterprise resource planning (ERP) systems enables real-time tracking and management of invoices, thereby enhancing cash flow management and financial planning. This alignment with the fast-paced nature of e-commerce has made e-invoicing an indispensable tool for modern businesses.

What Drives the Growth in the E-Invoicing Market?

The growth in the e-invoicing market is driven by several factors reflecting the evolving business environment. The increasing emphasis on data security and compliance has led organizations to adopt secure e-invoicing platforms that ensure the integrity and confidentiality of financial information. The rising demand for automated invoice processing solutions has enabled businesses to reduce processing times and operational costs. Additionally, the global push towards sustainability has encouraged companies to minimize paper usage, further propelling the adoption of electronic invoicing systems. Collectively, these drivers highlight a robust market trajectory poised for continued expansion.

SCOPE OF STUDY:

The report analyzes the E-Invoicing market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Deployment (On-Premise Deployment, Cloud Deployment); End-Use (B2B End-Use, B2C End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 41 Featured) -

• Basware
• BlackLine
• Comarch SA
• Coupa Software Inc.
• Esker S.A.
• iPayables, Inc.
• Pagero Group
• PaySimple
• Sage Group plc
• Taulia

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