The latest report by IMARC Group, titled “E-Invoicing Market Report by Channel (B2B, B2C, and Others), Deployment Type (Cloud-based, On-premises), Application (Energy and Utilities, FMCG, E-Commerce, BFSI, Government, and Others), and Region 2024-2032“, The global e-invoicing market size reached US$ 13.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.9 Billion by 2032, exhibiting a growth rate (CAGR) of 17.7% during 2024-2032.

The digital revolution has transformed the way companies handle their invoicing needs through electronic invoicing, a cutting-edge solution that optimizes the entire billing process. Unlike outdated paper-based methods, e-invoicing harnesses the power of technology to simplify and accelerate the creation, delivery, and payment of invoices. This involves producing invoices in digital formats, securely sharing them with clients or partners, and enabling hassle-free payment processing. As companies globally strive to streamline their financial management, e-invoicing is emerging as a preferred choice, offering unparalleled benefits in terms of precision, swiftness, and minimized administrative workload, thus becoming an indispensable aspect of contemporary business practices.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-invoicing-market/requestsample

E-Invoicing Market Trends and Drivers:

Currently, governments and regulatory authorities worldwide are increasingly acknowledging the benefits of electronic invoicing in combatting tax evasion, preventing fraud, and promoting transparency in financial dealings. Consequently, many nations are either implementing or contemplating regulations that require the adoption of electronic invoicing. This shift towards compliance-driven electronic invoicing initiatives is driving market growth, as businesses are compelled to adopt digital invoicing to comply with legal mandates and avoid penalties. Additionally, companies are increasingly attracted to electronic invoicing for its potential to save time and resources, leading to cost reductions. The demand for solutions that seamlessly integrate electronic invoicing into existing financial systems is rising, spurring innovation in the market. Moreover, as businesses expand globally, the complexity of invoicing increases. Electronic invoicing simplifies cross-border transactions by providing standardized formats and electronic exchanges, thereby mitigating the challenges associated with invoicing in varied regulatory environments. As companies internationalize their operations, the necessity for efficient cross-border electronic invoicing solutions is fueling market expansion, facilitating smoother global trade, and enhancing business relationships worldwide.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Channel:

• B2B
• B2C
• Others

Breakup by Deployment Type:

• Cloud-based
• On-premises

Breakup by Application:

• Energy and Utilities
• FMCG
• E-Commerce
• BFSI
• Government
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Araize Inc.
• Basware Oyj
• Brightpearl
• Cegedim (FCB SAS)
• Comarch SA
• Coupa Software Incorporated
• International Business Machines Corporation
• Nipendo Ltd.
• Paysimple Inc. (EverCommerce)
• SAP Ariba (SAP SE)
• The Sage Group Plc

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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