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 Unlike outdated paper-based methods, e-invoicing harnesses the power of technology to simplify and accelerate the creation, delivery, and payment of invoices.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.


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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.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.


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