Frequently Asked Questions
E-Invoicing refers to the electronic creation, sending, receiving, and processing of invoices in structured digital formats, replacing paper documents with automated systems for improved speed, accuracy, and integration with financial software.
Key factors include expanding e-commerce, digital transformation, technological advancements in AI and blockchain, regulatory mandates for tax compliance, and sustainability efforts to reduce paper usage.
The market is projected to grow from approximately USD 18.6 billion in 2025 to USD 94 billion by 2035, reflecting strong expansion driven by digital adoption.
The market is expected to grow at a CAGR of 16.8% during 2026-2035.
Europe will contribute notably due to its dominant position supported by regulatory mandates and advanced digital infrastructure.
Major players include Basware Oy, Comarch SA, Coupa Software Inc, EDICOM, Esker, International Business Machines Corporation, Pagero, Sage Group plc, SAP SE, Tradeshift Holdings, Inc., and Vertex, Inc.
The report provides comprehensive analysis of market size, growth forecasts, segmentation, dynamics, regional insights, key players, trends, and future outlook for strategic decision-making.
Stages include invoice generation and structuring, electronic transmission via channels like email or EDI, receipt and validation, approval workflows, payment processing, archiving, and compliance reporting.
Trends show preference for automated, cloud-based solutions with AI integration for efficiency, demand for secure and sustainable digital processes, and alignment with real-time e-commerce expectations.
Regulatory factors include government mandates for tax transparency and anti-evasion, such as European directives; environmental factors involve sustainability drives to reduce paper and carbon footprint through digital invoicing.