E-Invoicing Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

"How Big Is the E-Invoicing Market Expected to Be, and What Will Its Growth Rate Be?
The E-invoicing market has seen a significant increase in size over the last few years. It's expected to expand from a valuation of $19.64 billion in 2024 to $24.28 billion in 2025, representing a compound annual growth rate (CAGR) of 23.6%. The growth experienced during this historic period is credited to factors such as regulatory requirements, initiatives to save costs, advances in technology, the drive for environmental sustainability, and globalization trends.

Predictions indicate that the E-invoicing market will experience significant expansion in the upcoming years, with an anticipated market value of $55.99 billion by 2029. This represents an estimated compound annual growth rate (CAGR) of 23.2%. The factors behind such projected growth during the forecast period include a growing inclination towards cloud-based solutions, an increased focus on data security and compliance, the broadening of digital transformation initiatives, heightened need for automated invoice processing, and a rapid shift towards paperless workflows. Key trends expected during the forecast period encompass blockchain integration, artificial intelligence-powered invoice analytics, mobile invoicing solutions, interoperability standards, along with the advent of invoice financing platforms.

What Is Driving the Growth Trajectory of the E-Invoicing Market?
Digital transformation's growing adoption is anticipated to fuel the expansion of the E-invoicing market. This refers to the key incorporation of digital technologies into business operations, customer interactions, and organisational culture in order to meet the dynamic market demands. This increasing adoption emanates from businesses' necessity to remain competitive, boost operational productivity, better customer experiences, and adapt to swiftly changing technology environments. Digital transformation amplifies E-invoicing efficiency by automating various manual tasks, enhancing accuracy, speeding up invoice processing, and leading to improved efficiency and cost-effectiveness. As an illustration, a report released by Eurostat, a governmental agency based in Luxembourg, in September 2023, noted that 70% of European Union businesses had achieved a foundational level of digital capability in 2022. Furthermore, the EU has set an objective to ensure that a minimum of 80% of adults acquire basic digital skills by 2030. Hence, the growing adoption of digital transformation is a major factor propelling the E-invoicing market's growth.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15360&type=smp

Who Are the Dominant Companies Influencing E-Invoicing Market Trends?
Major companies operating in the E-invoicing market are Oracle Corporation, Fiserv Inc., FIS Global Solutions Holdings LLC, Thomson Reuters Corporation, Deluxe Corporation, GEP Solutions Pvt. Ltd., SAP Ariba Inc., Coupa Software Incorporated, Bill Holdings Inc., Bottomline Technologie Inc., Basware Corporation, AvidXchange Inc., Zycus Inc., Jaggaer Inc., Tipalti Inc., Ivalua Inc., Esker Inc., Corcentric LLC, Tradeshift Holdings Inc., Taulia Inc., MineralTree Inc., Plooto Inc., Transcepta LLC, Certify Inc., Yooz Inc.

How Is the E-Invoicing Market Evolving?
Key players in the E-invoicing market are channelizing their efforts towards creating innovative E-invoicing solutions like ONESOURCE E-invoicing to bolster their market earnings. ONESOURCE E-invoicing, a software designed to simplify electronic invoice management, ensures that worldwide E-invoicing regulations are met. In October 2023, Thomson Reuters Corporation, a media firm based in Canada, introduced ONESOURCE E-invoicing for multinational corporations. It offers customers a pre-configured suite of integrations that link financial systems, including standard enterprise resource planning (ERP) systems. The platform automates the entire compliance process, standardizing and centralizing the workflow to guarantee correct and timely digital filings. It uses technology to simplify the management of electronic invoicing for international businesses. The unified platform offers a single avenue to handle E-invoicing compliance, diminish expenses, streamline data management, and conserve time through automated E-invoice validation and data enrichment.

What Are the Different Segmentations in the E-Invoicing Market?
The E-invoicing market covered in this report is segmented -

1) By Type: Integrated E-Invoicing Solutions, Standalone E-Invoicing Solutions
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By Application: Energy, Fast-Moving Consumer Goods (FMCG), Express Services, Finance, E-Commerce, Other Applications
4) By End-User: Large Enterprises, Small And Medium-Sized Enterprises

Subsegments:
1) By Integrated E-Invoicing Solutions: Enterprise Resource Planning (Erp) Integrated E-Invoicing, Accounting Software Integrated E-Invoicing, Supply Chain Management (SCM) Integrated E-Invoicing, Customer Relationship Management (Crm) Integrated E-Invoicing, Integrated Payment Processing Solutions, Automated Tax Compliance Integrated E-Invoicing, Integrated E-Invoicing With Banking Systems
2) By Standalone E-Invoicing Solutions: Cloud-Based Standalone E-Invoicing Software, On-Premises Standalone E-Invoicing Software, E-Invoicing Solutions For Small And Medium Enterprises (Smes), Mobile E-Invoicing Solutions, E-Invoicing Solutions For B2B Transactions, E-Invoicing Solutions For B2C Transactions, Electronic Bill Presentment And Payment (EBPP) Solutions

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/e-invoicing-global-market-report

Which Region Is at the Forefront of the E-Invoicing Market?
North America was the largest region in the E-invoicing market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the E-invoicing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The E-Invoicing Global Market Report?

- Market Size Analysis: Analyze the E-Invoicing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the E-Invoicing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall E-Invoicing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the E-Invoicing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15360

"

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.