Expanding E-Commerce and AI Integration Drive the Global E-Invoicing Market Outlook 2025-2033

Market Overview

The global e-invoicing market reached a size of USD 15.9 Billion in 2024. It is projected to grow at a CAGR of 16.8% between the forecast period of 2025 and 2033, reaching USD 68.7 Billion by 2033. This growth is driven by the expanding e-commerce industry, the adoption of advanced IT solutions across sectors, and technological advancements like web and software-based invoicing applications.

Study Assumption Years

Base Year: 2024

Historical Year/Period: 2019-2024

Forecast Year/Period: 2025-2033

E-Invoicing Market Key Takeaways

• Current Market Size: USD 15.9 Billion in 2024
• CAGR: 16.8% during 2025-2033
• Forecast Period: 2025-2033
• The market is propelled by increasing globalization and digital transformation efforts
• Cloud-based deployment holds the largest market share due to accessibility and scalability
• B2C channel represents the largest segment, making invoicing streamlined for individual consumers
• E-commerce is the leading application sector due to high transaction volumes requiring efficient invoicing
• Europe dominates the regional market driven by regulatory mandates and digital infrastructure
• Leading companies are integrating AI, machine learning, and blockchain into e-invoicing solutions

Request for sample copy of this report: https://www.imarcgroup.com/e-invoicing-market/requestsample

Market Growth Factors

The e-invoicing market is experiencing significant growth driven primarily by the rapid expansion of the e-commerce industry. The surge in online transactions creates a high volume of invoices that need efficient generation, delivery, and processing. E-invoicing platforms facilitate these operations with automation capabilities that support swift handling of large-scale invoicing needs. This is further enhanced by the digital environment of e-commerce, where transactions and invoicing occur seamlessly on integrated platforms, improving customer experience through instant invoice delivery.

Increasing globalization and the widespread digital transformation trend also serve as key market drivers. Businesses operating across borders demand efficient invoice exchanges that traditional paper-based processes cannot match due to delays and inefficiency. E-invoicing bridges these geographical gaps, enabling seamless and real-time invoice exchange. The market adoption is further accelerated by broader digitization initiatives including cloud adoption, remote work, and mobility, which require interconnected invoicing processes that e-invoicing fulfills effectively.

Technological advancements such as artificial intelligence, machine learning, and blockchain are fundamentally transforming the e-invoicing market. These technologies automate invoice data extraction, enhance validation accuracy, enable discrepancy prediction, and provide secure, immutable transaction records. AI-powered platforms optimize invoice creation and approval workflows, while blockchain secures data integrity and reduces fraud risks. This integration builds trust among stakeholders and significantly improves the accuracy, speed, and security of the invoicing process.

Market Segmentation

By Channel:

• B2B
• B2C
• Others

B2C represents the most leading channel. B2C transactions involve large volumes of individual customer purchases from businesses. E-invoicing facilitates direct invoice delivery to consumers, enabling prompt digital payments and reducing traditional paper and administrative costs.

By Deployment Type:

• Cloud-based
• On-premises

Cloud-based deployment holds the largest market share. This approach offers accessibility from anywhere, supports remote collaboration, and provides scalability to manage fluctuating transaction volumes without extensive hardware investments. It significantly reduces upfront capital and maintenance costs.

By Application:

• Energy and Utilities
• FMCG
• E-Commerce
• BFSI
• Government
• Others

E-commerce holds the largest market share. Characterized by high transaction volumes, e-commerce requires efficient and automated invoicing that integrates naturally with online transactional platforms, enhancing customer experience and supporting large-scale invoice processing.

By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Regional Insights

Europe dominates the global e-invoicing market. This is largely due to proactive regulatory mandates such as the European Directive 2014/55/EU, which requires e-invoicing in public procurement across member states. Strong digital infrastructure, early adoption of technology, and widespread use of electronic banking and digital payments have further propelled European market leadership.

Recent Developments & News

• Araize, Inc. released a new version of its e-invoicing software featuring enhanced invoice tracking, payment reminders, and customization options. The software integrates with popular CRM and accounting systems.
• The Sage Group introduced AI-powered capabilities that automate invoice creation, approval workflows, payment processing, and real-time analytics.
• SAP Ariba, a SAP SE subsidiary, improved its e-invoicing and procurement solutions to optimize supplier collaboration and enhance supply chain visibility.

Key Players

• Basware Oy
• Comarch SA
• Coupa Software Inc
• EDICOM
• Esker
• International Business Machines Corporation
• Nipendo
• Open Text Corporation
• Pagero
• PaySimple
• Sage Group plc
• SAP SE
• Tradeshift Holdings, Inc.
• Vertex, Inc

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: (D) +91 120 433 0800

United States: +1-201971-6302