The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the e-invoicing market’s growth in recent years?
The increasing adoption of digital transformation is expected to propel the growth of the E-invoicing market going forward. Digital transformation refers to the strategic integration of digital technologies to fundamentally change business processes, customer experiences, and organizational culture to meet evolving market demands. The increasing adoption of digital transformation is due to the need for businesses to stay competitive, improve operational efficiency, enhance customer experiences, and adapt to rapidly evolving technological landscapes. Digital transformation enhances E-invoicing by automating manual processes, improving accuracy, accelerating invoice processing, and increasing efficiency and cost savings. For instance, in September 2023, according to a report published by the Eurostat, a Luxembourg-based government agency, 70% of businesses across the EU achieved a foundational level of digital capability in 2022. The EU has set a goal to ensure that by 2030, at least 80% of adults possess basic digital skills. Therefore, the increasing adoption of digital transformation is driving the growth of the E-invoicing market.
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How does the future projection of the e-invoicing market size compare to its historical growth?
The E-invoicing market size has grown exponentially in recent years. It will grow from $19.64 billion in 2024 to $24.28 billion in 2025 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to regulatory mandates, cost savings initiatives, technological advancements, environmental sustainability, and globalization trends.
The E-invoicing market size is expected to see exponential growth in the next few years. It will grow to $55.99 billion in 2029 at a compound annual growth rate (CAGR) of 23.2%. The growth in the forecast period can be attributed to increased adoption of cloud-based solutions, growing emphasis on data security and compliance, expansion of digital transformation initiatives, rising demand for automated invoice processing, and accelerated shift towards paperless workflows. Major trends in the forecast period include blockchain integration, AI-driven invoice analytics, mobile invoicing solutions, interoperability standards, and the emergence of invoice financing platforms.
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Which key players are shaping the future of the e-invoicing market?
Major companies operating in the E-invoicing market are Oracle Corporation, Fiserv Inc., FIS Global Solutions Holdings LLC, Thomson Reuters Corporation, Deluxe Corporation, GEP Solutions Pvt. Ltd., SAP Ariba Inc., Coupa Software Incorporated, Bill Holdings Inc., Bottomline Technologie Inc., Basware Corporation, AvidXchange Inc., Zycus Inc., Jaggaer Inc., Tipalti Inc., Ivalua Inc., Esker Inc., Corcentric LLC, Tradeshift Holdings Inc., Taulia Inc., MineralTree Inc., Plooto Inc., Transcepta LLC, Certify Inc., Yooz Inc.
What trends will propel the growth and evolution of the e-invoicing market?
Major companies operating in the E-invoicing market are increasing their focus on developing advanced E-invoicing solutions, such as ONESOURCE E-invoicing, to boost their revenue in the market. ONESOURCE E-invoicing is a software solution designed to streamline electronic invoice management and ensure compliance with global E-invoicing regulations. For instance, in October 2023, Thomson Reuters Corporation, a Canada-based media company, launched ONESOURCE E-invoicing for multinational businesses. It provides clients with a prE-built suite of integrations that connect financial systems, such as common enterprise resource planning (ERP) systems. The technology automates the end-to-end compliance process. It centralizes and standardizes the compliance workflow to ensure accurate, on-time digital filings. This centralized platform leverages technology to streamline electronic invoicing management for multinational businesses, providing a single access point to manage E-invoicing compliance, reduce costs, simplify data management, and save time through automated E-invoice validation and data enrichment.
Which regions are expected to become dominant players in the e-invoicing market?
North America was the largest region in the E-invoicing market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the E-invoicing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the e-invoicing market, and how are they evolving?
The E-invoicing market covered in this report is segmented –
1) By Type: Integrated E-Invoicing Solutions, Standalone E-Invoicing Solutions
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By Application: Energy, Fast-Moving Consumer Goods (FMCG), Express Services, Finance, E-Commerce, Other Applications
4) By End-User: Large Enterprises, Small And Medium-Sized Enterprises
Subsegments:
1) By Integrated E-Invoicing Solutions: Enterprise Resource Planning (Erp) Integrated E-Invoicing, Accounting Software Integrated E-Invoicing, Supply Chain Management (SCM) Integrated E-Invoicing, Customer Relationship Management (Crm) Integrated E-Invoicing, Integrated Payment Processing Solutions, Automated Tax Compliance Integrated E-Invoicing, Integrated E-Invoicing With Banking Systems
2) By Standalone E-Invoicing Solutions: Cloud-Based Standalone E-Invoicing Software, On-Premises Standalone E-Invoicing Software, E-Invoicing Solutions For Small And Medium Enterprises (Smes), Mobile E-Invoicing Solutions, E-Invoicing Solutions For B2B Transactions, E-Invoicing Solutions For B2C Transactions, Electronic Bill Presentment And Payment (EBPP) Solutions
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How is the e-invoicing market defined, and what are its core characteristics?
E-invoicing, short for electronic invoicing, refers to the process of creating, sending, receiving, and processing invoices electronically rather than using traditional paper-based methods. It involves the digital exchange of invoice data between trading partners or businesses, often facilitated through specialized software platforms or electronic data interchange (EDI) systems.
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