Global E-invoicing Market 2024-2028

Global E-Invoicing Market 2024-2028

Technavio has been monitoring the e-invoicing market and is forecast to grow by USD 26132.4 mn during 2023-2028, accelerating at a CAGR of 27.34% during the forecast period. Our report on the e-invoicing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by convenience and easy accessibility of mobile payment systems, need to adhere to regulatory guidelines and ensure compliance, and shift from capital expenditure model to operational expenditure model.

Technavio's e-invoicing market is segmented as below:

By End-user

• B2B
• B2C

By Deployment

• Cloud-based
• On-premises

By Geographical Landscape

• Europe
• APAC
• North America
• South America
• Middle East and Africa

This study identifies the increased security of documents using blockchain as one of the prime reasons driving the e-invoicing market growth during the next few years. Also, elimination of human intervention and emerging technologies will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the e-invoicing market covers the following areas:

• E-invoicing market sizing
• E-invoicing market forecast
• E-invoicing market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading e-invoicing market vendors that include Basware Corp., Cegedim SA., Comarch SA, Coupa Software Inc., Esker SA, International Business Machines Corp., iPayables Inc., Kofax Inc., Nipendo Ltd., PaySimple Inc., Sage Group Plc, SAP SE, Taulia Inc., Tipalti Inc., TradeShift Inc., Transcepta LLC., Visma Solutions Oy, Webtel Electrosoft. Pvt. Ltd., Xero Ltd., and Zoho Corp. Pvt. Ltd.. Also, the e-invoicing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.