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E-Invoicing Market size was valued at US$ 9,716 million in 2024 and is expected to reach US$ 31,691 million by 2031, growing at a significant CAGR of 18.4% from 2025-2031. Rising enforcement criteria relevant to E-Invoicing and initiatives by the government to improve e-invoicing adoption are the key drivers boosting the global market. There are restrains that hung the global market growth issues hindering e-Invoicing mass adoption and unawareness. Cloud-based Solutions open up multiple opportunities as 90% of companies are on the cloud which boosts the global market. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition.
Study Period
2025-2031Base Year
2024CAGR
18.4%Largest Market
North-AmericaFastest Growing Market
North-America
It is noticed that the global market has a significant market growth rate on the perspective of digital transformation trends across industries. Effective digital transformation includes investments that drive business value in technology, people, and processes. This includes funding, including cloud, cybersecurity, and customer service, for vital programmes that support the digital enterprise. Success also needs efficient cloud-based asset governance and consistent insight into the cost of cloud services. Digital Around the World. Roughly 4.66 billion people around the world now use the internet that's close to 60 percent of the world's total population
North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year. The higher acceptance of electronic transactions between trading partners. In the B2B sector, increasingly rising demand for e-invoicing is projected significant growth.
Europe bloom with the help of higher adoption of e-invoicing in government sector. Availability of dynamic discounting and trade finance and automation trends, especially in emerging countries like China and India boost Asia Pacific
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 9,716 million |
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Market Size in 2031 |
US$ 31,691 million |
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Market CAGR |
18.4% |
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By Type |
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By End User |
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By Region |
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The global e-invoicing market size was valued at US$ 9,716 million in 2024 and is projected to grow at a CAGR of 18.4% from 2025-2031.
Herzog, Cobra Braids, NIEHOFF Schwabach, Spirka Schnellflechter, Mayer Industries
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global e-Invoicing Market Introduction |
| 2.1. Global e-Invoicing Market Taxonomy |
| 2.2. Global e-Invoicing Market Definitions |
| 2.2.1. Type |
| 2.2.2. End-User |
| 3. Global e-Invoicing Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global e-Invoicing Market Dynamic Factors - Impact Analysis |
| 3.6. Global e-Invoicing Market Competition Landscape |
| 4. Global e-Invoicing Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis,2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global e-Invoicing Market, By Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1. Cloud-Based |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. On-Premises |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global e-Invoicing Market, By End-User, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.1. Oil & Gas |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Energy |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. FMCG |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Finance |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. E-Commerce |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Express Services |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global e-Invoicing Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global e-Invoicing Market - Opportunity Analysis Index, By Type, End-User and Region, 2025 - 2031 |
| 8. North America e-Invoicing MarketAnalysis,2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Cloud-Based |
| 8.1.2. On-Premises |
| 8.2. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Oil & Gas |
| 8.2.2. Energy |
| 8.2.3. FMCG |
| 8.2.4. Finance |
| 8.2.5. E-Commerce |
| 8.2.6. Express Services |
| 8.2.7. Others |
| 8.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America e-Invoicing Market - Opportunity Analysis Index, By Type, End-User, and Country, 2025 - 2031 |
| 8.5. North America e-Invoicing Market Dynamics Trends |
| 9. Europe e-Invoicing Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 9.1. By Type Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Cloud-Based |
| 9.1.2. On-Premises |
| 9.2. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Oil & Gas |
| 9.2.2. Energy |
| 9.2.3. FMCG |
| 9.2.4. Finance |
| 9.2.5. E-Commerce |
| 9.2.6. Express Services |
| 9.2.7. Others |
| 9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe e-Invoicing Market - Opportunity Analysis Index, By Type, End-User, and Country, 2025 - 2031 |
| 9.5. Europe e-Invoicing Market Dynamics Trends |
| 10. Asia-Pacific e-Invoicing Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 10.1. By Type Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Cloud-Based |
| 10.1.2. On-Premises |
| 10.2. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Oil & Gas |
| 10.2.2. Energy |
| 10.2.3. FMCG |
| 10.2.4. Finance |
| 10.2.5. E-Commerce |
| 10.2.6. Express Services |
| 10.2.7. Others |
| 10.3. Country Analysis2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific e-Invoicing Market - Opportunity Analysis Index, By Type, End-User, and Country, 2025 - 2031 |
| 10.5. Asia-Pacific e-Invoicing Market Dynamics Trends |
| 11. Latin America e-Invoicing Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 11.1. By Type Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Cloud-Based |
| 11.1.2. On-Premises |
| 11.2. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Oil & Gas |
| 11.2.2. Energy |
| 11.2.3. FMCG |
| 11.2.4. Finance |
| 11.2.5. E-Commerce |
| 11.2.6. Express Services |
| 11.2.7. Others |
| 11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America e-Invoicing Market - Opportunity Analysis Index, By Type, End-User, and Country, 2025 - 2031 |
| 11.5. Latin America e-Invoicing Market Dynamics Trends |
| 12. Middle East and Africa e-Invoicing Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 12.1. By Type Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Cloud-Based |
| 12.1.2. On-Premises |
| 12.2. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Oil & Gas |
| 12.3.2. Energy |
| 12.3.3. FMCG |
| 12.3.4. Finance |
| 12.3.5. E-Commerce |
| 12.3.6. Express Services |
| 12.3.7. Others |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Gulf Cooperation Council (GCC) Countries |
| 12.4.2. Israel |
| 12.4.3. South Africa |
| 12.4.4. Rest of MEA |
| 12.5. MEA e-Invoicing Market - Opportunity Analysis Index, By Type, End-User, and Country, 2025 - 2031 |
| 12.6. MEA e-Invoicing Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Basware |
| 13.2.2. Enerpact, LLC |
| 13.2.3. SY by Cegedim |
| 13.2.4. Comarch SA. |
| 13.2.5. Coupa Software Inc. |
| 13.2.6. IBM Corporation |
| 13.2.7. Nipendo Ltd |
| 13.2.8. SAP SE |
| 13.2.9. Sage Group plc |
| 13.2.10. Tradeshift Holdings, Inc. |
| 13.2.11. Transcepta LLC. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.