Strong Growth Ahead: E-Invoicing Market Size To Grow At Arecord 23.2% Cagr By 2029

The E-Invoicing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the E-Invoicing Market Size Expected to Be by 2034?
The E-invoicing market has experienced exponential growth recently. It is forecasted to grow from $19.64 billion in 2024 to $24.28 billion in 2025, at a CAGR of 23.6%. Past growth has been fueled by regulatory compliance needs, cost reduction strategies, tech innovations, eco-friendly goals, and global trade trends.

The E-invoicing market size is projected to grow exponentially over the next few years. It is expected to reach $55.99 billion by 2029, expanding at a compound annual growth rate (CAGR) of 23.2%. Growth will be fueled by rising adoption of cloud technologies, stronger focus on compliance and data protection, digital transformation efforts, demand for streamlined invoicing, and the move toward paperless financial processes. Key trends will include integration of blockchain, AI-powered analytics for invoices, mobile-based invoicing apps, development of interoperability protocols, and the rise of invoice financing services.

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What Are the Emerging Segments Within 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

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What Long-Term Drivers Are Shaping E-Invoicing Market Trends?
The increasing adoption of digital transformation is expected to accelerate the growth of the e-invoicing market. Digital transformation refers to the integration of digital technologies to enhance business processes, customer experiences, and organizational culture. This transformation helps businesses improve efficiency, stay competitive, and adapt to fast-changing technological landscapes. E-invoicing is a key component of digital transformation, offering benefits like automation, improved accuracy, faster invoice processing, and cost savings. According to a report by Eurostat, 70% of businesses in the EU achieved a basic level of digital capability by 2022, and the EU aims to ensure that 80% of adults possess basic digital skills by 2030. As a result, the growing digital transformation across businesses is driving the expansion of the e-invoicing market.

Who Are the Top Competitors in Key E-Invoicing Market Segments?
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.

What E-Invoicing Market Trends Are Gaining Traction Across Different Segments?
Major players in the E-invoicing industry are ramping up their development of sophisticated E-invoicing solutions, like ONESOURCE E-invoicing, in an effort to capitalize on market revenue. ONESOURCE E-invoicing, a software designed to enhance electronic invoice management and maintain conformity with international E-invoicing laws, was launched by Thomson Reuters Corporation, a media company based in Canada, in October 2023 for global businesses. The software offers users an integrated package that links financial systems, including typical enterprise resource planning (ERP) systems. This technology fully automates the compliance procedure, centralizing and standardizing the workflow to ensure punctual, precise digital submissions. This unified platform leverages technology to make electronic invoicing management more efficient for international businesses, creating a single point of access to manage E-invoicing compliance, lower expenses, streamline data management, and conserve time through automated E-invoice verification and data enhancement.

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Which Regions Are Becoming Hubs for E-Invoicing Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the E-Invoicing Market?
2. What is the CAGR expected in the E-Invoicing Market?
3. What Are the Key Innovations Transforming the E-Invoicing Industry?
4. Which Region Is Leading the E-Invoicing Market?

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