- Cloud-Based
- On-Premises
e-Invoicing Market size was valued at USD 8,205.9 million in 2021 and is expected to reach USD 26,766.4 million by 2028, at a CAGR of 18.4% during the forecast period 2022 to 2028. Rising enforcement criteria relevant to E-Invoicing and initiatives by government to improve e-invoicing adoption are the key drivers boosting the global e-invoicing market. There are restrains which 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 boost the global e-invoicing 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, global e-invoicing market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities)..
E Invoicing Market Summary
Study Period
2023-29
Base Year
2022
CAGR
18.4%
Largest Market
Europe
Fastest Growing Market
North-America
e-Invoicing Market Dynamics
It is noticed that the global market has a significant market growth rate on the perspective of digital transformation trend 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 Got Significant Share
e-Invoicing Market
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
Key Features of the Reports
- The elderly care services market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
E Invoicing Market Segmentation
By Type
By end user
- Energy
- FMCG
- Finance
- E-Commerce
- Express Services
- Others
Frequently Asked Questions
The e-invoicing market is projected to expand at a CAGR of 18.4% during the forecast period
Herzog, Cobra Braids, NIEHOFF Schwabach, Spirka Schnellflechter, Mayer Industries
North America is the fastest-growing region in the e-invoicing market
| 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,2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis,2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1. Cloud-Based |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.1. Oil & Gas |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2022 - 2028 |
| 8. North America e-Invoicing MarketAnalysis,2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1. Type Analysis 2017 - 2021 and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028by 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, 2022 - 2028 |
| 8.5. North America e-Invoicing Market Dynamics – Trends |
| 9. Europe e-Invoicing Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 9.1. By Type Analysis 2017 - 2021 and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 9.5. Europe e-Invoicing Market Dynamics – Trends |
| 10. Asia-Pacific e-Invoicing Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 10.1. By Type Analysis 2017 - 2021 and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 Analysis2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 10.5. Asia-Pacific e-Invoicing Market Dynamics – Trends |
| 11. Latin America e-Invoicing Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 11.1. By Type Analysis 2017 - 2021 and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 11.5. Latin America e-Invoicing Market Dynamics – Trends |
| 12. Middle East and Africa e-Invoicing Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. By Type Analysis 2017 - 2021 and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3. End-User Analysis 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 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 |
- Basware Corporation
- Cegedim SA
- Comarch SA
- Coupa Software Inc.
- IBM Corporation
- Nipendo Ltd.
- SAP SE
- The Sage Group plc
- Trade shift
- Transcepta LLC