Market Overview
The global e-invoicing market was valued at USD 18.5 Billion in 2025 and is projected to reach USD 70.3 Billion by 2034, growing at a CAGR of 15.96% during 2026-2034. This growth is driven by the expanding e-commerce industry, widespread adoption of advanced IT solutions, and technological advancements like web and software-based invoicing applications. Electronic invoicing streamlines the invoice process, replacing traditional paper methods with automated systems that integrate seamlessly with financial management tools.
Study Assumption Years
- Base Year: 2025
- Historical Years: 2020-2025
- Forecast Period: 2026-2034
E-Invoicing Market Key Takeaways
- The global e-invoicing market size was USD 18.5 Billion in 2025.
- The market is expected to grow at a CAGR of 15.96% from 2026 to 2034.
- Forecast period spans 2026-2034.
- The expanding e-commerce sector and rapid adoption of cloud-based and on-premises solutions are key market drivers.
- E-invoicing facilitates improved invoice accuracy, faster processing, and enhanced transparency.
- COVID-19 has accelerated the shift from traditional channels to e-commerce platforms, boosting e-invoicing usage.
- B2C is the dominant channel segment, while cloud-based deployment leads the market share.
- E-commerce applications hold the majority share in the market.
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Market Growth Factors
The e-invoicing market is being driven by the growth of the e-commerce industry. The fast growth of online and e-commerce services has resulted in an increase in the generation and processing of online invoices. E-invoicing systems can handle large volumes of invoices and multiple stakeholders, ensuring an improved customer experience with real-time invoicing and timely payments. Automating delivery and processing in the digital marketplace is more scalable than analog processes, and it improves operational efficiency, both of which are imperative because ecommerce is rapidly growing.
E-invoicing’s development is driving the use of automation tools such as artificial intelligence and machine learning to support businesses with data extraction from the invoice, detect errors, or predict future discrepancies. Blockchain technology is being leveraged to provide immutable records of transactions, intended to engender trust and reduce the risks of fraud, while also increasing the effectiveness and precision of transactions, and allowing for market expansion.
Regulatory initiatives and mandates are another motivating factor in the adoption of e-invoicing. Governments want to prevent tax fraud, improve fiscal transparency and set an example for electronically invoiced documents. Environmental sustainability is another factor as businesses want to reduce paper usage and paper-related waste. There is a general trend towards the use of cloud and remote working, leading to a need for integrated e-invoicing solutions.
Market Segmentation
By Channel:
- B2B
- B2C: Represents the largest segment with extensive individual customer transactions, benefiting from cost savings and streamlined digital payment processes.
- Others
By Deployment Type:
- Cloud-based: Holds the largest market share owing to unparalleled accessibility, scalability, and cost efficiency without infrastructure investment.
- On-premises
By Application:
- Energy and Utilities
- FMCG
- E-Commerce: Holds the largest share due to substantial sales volumes requiring automated invoice generation and seamless integration with digital platforms.
- BFSI
- Government
- Others
Regional Insights
Europe dominates the global e-invoicing market, driven by proactive regulatory mandates and standardization initiatives such as the European Directive 2014/55/EU requiring e-invoicing in public procurement. The region’s technological readiness, strong digital infrastructure, and widespread use of electronic banking and digital payments create a conducive environment for extensive e-invoicing adoption. This tech-savvy landscape supports businesses of all sizes in embracing digital invoicing practices.
Recent Developments & News
Araize, Inc. released a new e-invoicing software version featuring enhanced invoice tracking, payment reminders, customization, and integration with popular CRM and accounting systems. The Sage Group introduced AI-powered capabilities facilitating automated invoice creation, approval workflows, payment processing, and real-time analytics. SAP Ariba, a SAP SE subsidiary, enhanced its e-invoicing and procurement solutions to improve supplier collaboration, optimize procurement processes, and increase supply chain visibility.
Key Players
- Basware Oy
- Comarch SA
- Coupa Software Inc
- EDICOM
- Esker
- International Business Machines Corporation
- Nipendo
- Open Text Corporation
- Pagero
- PaySimple
- Sage Group plc
- SAP SE
- Tradeshift Holdings, Inc.
- Vertex, Inc
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