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Digital Receipts Market Forecast: Revenue Growth from USD 1.68 Billion to USD 9.14 Billion

09-26-2025 01:43 PM CET | IT, New Media & Software

Press release from: Market Reasearch Future (MRFR)

Digital Receipts Market Forecast: Revenue Growth from USD 1.68

The digital receipts market is expected to increase at a compound annual growth rate (CAGR) of 16.65% between 2025 and 2035, from USD 1.68 billion in 2024 to USD 9.14 billion by 2035, according a recent report by Market Research Future (MRFR).

The global trend toward digitalization in the retail, hospitality, and e-commerce industries has propelled the market for digital receipts in recent years. Because of their increased consumer involvement capabilities, convenience, and environmental advantages, digital receipts-also referred to as electronic receipts or e-receipts-are displacing traditional paper receipts. Digital receipts are being used by businesses more and more in an effort to lower operating expenses, increase transaction efficiency, and collect useful consumer data for focused marketing initiatives. The market acceptance has also been hastened by rising awareness of sustainability and the need to reduce paper waste. Additionally, digital receipts give customers a smooth experience by making it simple to access, store, and retrieve transaction information using cloud platforms, mobile apps, or email.

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Market Segmentation

The market for digital receipts can be divided into segments according to deployment model, end-user, type, and component. The market is divided into two types of solutions: on-premises and cloud-based, which meet a range of security and business objectives. Software, services, and analytics programs that offer comprehensive insights into consumer behavior, transaction patterns, and operational effectiveness are examples of components. Retail establishments, eateries, lodging facilities, e-commerce sites, and financial institutions are examples of end users who aim to improve operational effectiveness and customer happiness. Deployment strategies include on-premise deployment for businesses that prioritize data protection and control, and cloud deployment for scalability and accessibility. Together, these segments define the market's structure, emphasizing its adaptability and wide range of industry applications.

Market Drivers

The growth of the Digital Receipts Market is primarily driven by the rising adoption of digital technologies in retail and e-commerce, coupled with increasing consumer preference for eco-friendly alternatives to paper receipts. The integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), into digital receipt platforms allows businesses to offer personalized recommendations, loyalty rewards, and targeted promotions, further enhancing consumer engagement. Additionally, the need for efficient record-keeping and compliance with taxation and accounting regulations encourages organizations to shift toward digital receipts. The COVID-19 pandemic also accelerated market growth, as contactless transactions became a necessity, prompting businesses to adopt digital receipt solutions to ensure safety and hygiene while maintaining operational efficiency.

Market Opportunities

The Digital Receipts Market presents several lucrative opportunities for stakeholders, particularly in emerging economies where digital transformation is rapidly gaining traction. Expansion of e-commerce platforms, coupled with the increasing penetration of smartphones and internet connectivity, has created a favorable environment for digital receipt adoption. Businesses can leverage digital receipts to collect valuable customer insights, enhance marketing strategies, and drive brand loyalty. Additionally, integration with mobile payment solutions, digital wallets, and loyalty programs offers opportunities to create a seamless and personalized shopping experience. Strategic partnerships between digital receipt solution providers and POS system vendors also provide opportunities for market players to expand their reach and offer integrated solutions to retailers and service providers worldwide.

Market Challenges

Despite its promising growth, the Digital Receipts Market faces certain challenges that may hinder its adoption. Data privacy and security concerns remain significant barriers, as customers and businesses are increasingly wary of potential breaches and misuse of personal information. Integration issues with existing point-of-sale (POS) systems, high implementation costs for small and medium enterprises, and resistance to change among traditional retailers also pose challenges. Moreover, inconsistent regulations across regions and industries regarding electronic records and digital documentation can limit widespread adoption. To overcome these hurdles, digital receipt providers must invest in robust cybersecurity measures, provide flexible and scalable solutions, and ensure compliance with local laws and standards to build trust among businesses and consumers.

Market Key Players

The Digital Receipts Market is highly competitive, with several prominent players driving innovation and market expansion. Leading companies include Square, Inc., NCR Corporation, Lightspeed POS, Inc., Toshiba Global Commerce Solutions, Inc., and Epson America, Inc., among others. These companies focus on developing advanced software solutions, enhancing integration capabilities, and offering analytics tools to improve customer engagement and operational efficiency. Strategic initiatives such as mergers, acquisitions, partnerships, and product launches are commonly employed to strengthen market presence and capture a larger share of the rapidly growing digital receipts industry. Continuous technological advancements and a focus on delivering seamless experiences are crucial for maintaining a competitive edge in this market.

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Regional Analysis

Regionally, the Digital Receipts Market is witnessing significant adoption across North America, Europe, Asia-Pacific, and other emerging regions. North America leads the market due to high digitalization rates, strong presence of key technology providers, and consumer preference for eco-friendly solutions. Europe follows closely, driven by stringent environmental regulations and widespread adoption of digital payment solutions. The Asia-Pacific region is expected to register substantial growth during the forecast period, fueled by increasing retail and e-commerce activities, rising smartphone penetration, and expanding internet connectivity. Other regions, including Latin America and the Middle East & Africa, also present growth opportunities as businesses increasingly recognize the advantages of transitioning from paper to digital receipts.

Industry Updates

Recent industry updates highlight ongoing innovation and strategic developments in the Digital Receipts Market. Companies are increasingly integrating AI-driven analytics, mobile wallets, and loyalty programs to enhance customer engagement. Collaboration between POS system providers and digital receipt solution vendors is creating a unified and seamless experience for retailers. Additionally, the COVID-19 pandemic has accelerated the adoption of contactless and digital solutions, pushing businesses to modernize their transaction systems. Emerging technologies, such as blockchain for secure transaction verification and cloud-based receipt management platforms, are also gaining traction, further shaping the future landscape of the market.

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Future Outlook

The Digital Receipts Market is expected to continue its robust growth trajectory, driven by the increasing adoption of digital technologies, rising consumer demand for sustainable and contactless solutions, and advancements in AI and analytics. As businesses increasingly prioritize operational efficiency, cost reduction, and customer engagement, digital receipts are set to become a standard in retail and service industries. Market players focusing on innovation, scalability, security, and regulatory compliance are likely to gain a competitive advantage. With the continued expansion of e-commerce, mobile payments, and digital solutions, the professional and consumer adoption of digital receipts is anticipated to grow significantly, solidifying its position as a critical component of the modern digital transaction ecosystem.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

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