Global E-Invoicing Market Set to Transform Digital Finance Workflows by 2031

New York, US – The Insight Partners has released a comprehensive report titled “E-Invoicing Market Share, Size, Trends, and Forecast by 2031. As organisations worldwide navigate an era of rapid change, the e-invoicing market is emerging not just as a compliance requirement but as a powerful enabler of business transformation. The global e-invoicing market is no longer about simply replacing paper—it’s about connecting people, business partners and tax authorities with smarter, faster, more transparent processes. By 2031, the e-invoicing market is set to reshape how invoices flow across borders, enterprises and platforms, anchoring digital-first finance functions in a human-centric era of collaboration and efficiency. The e-invoicing market size is projected to reach US$ 62.68 billion by 2031 from US$ 12.47 billion in 2023. The market is expected to register a CAGR of 22.4% during 2023–2031.

Market Size, Share, Trends, Analysis & Forecast (to 2031)

• The market size of the global e-invoicing market is projected to expand significantly by 2031, reflecting growing adoption across industries and governments.
• Market share dynamics indicate leading regions will maintain dominance, even as emerging economies accelerate uptake of e-invoicing solutions.
• Key trends driving the e-invoicing market include increasing regulatory mandates, cloud-based solution deployment, integration of AI and analytics, and cross-border interoperability.
• Analysis shows that deployment models (cloud vs on-premise), end-user segments (government, retail, BFSI, manufacturing) and application types (B2B, B2G, B2C) are evolving rapidly in the e-invoicing market.
• By 2031, the e-invoicing market will reach a much larger scale than today as digital transformation continues to accelerate
• Market share for cloud-based deployments in the e-invoicing market will grow faster than traditional on-premise models.
• Regions such as Asia-Pacific and Latin America within the e-invoicing market will see increased penetration, narrowing the gap with mature markets.
• The value proposition of the e-invoicing market will increasingly rest on features such as real-time validation, analytics, compliance automation and partner-to-partner connectivity.
• Service providers and platforms that support end-to-end e-invoicing workflows will capture rising value within the e-invoicing market.

Check valuable insights in the E-Invoicing Market report. You can easily get a sample PDF of the report -https://www.theinsightpartners.com/sample/TIPRE00009392

Global & Regional Analysis

• North America: Known for its mature financial infrastructure, North America holds a strong position in the e-invoicing market thanks to advanced adoption, investment in digital finance platforms and supportive policy frameworks.
• Europe: Europe is a major region for the e-invoicing market, driven by regulatory mandates, interoperability standards and strong public-sector e-procurement initiatives.
• Asia-Pacific (APAC): Poised as the fastest-growing region in the e-invoicing market thanks to rising digitisation, government mandates and increasing cross-border trade.
• Latin America & Middle East/Africa: While trailing the more mature regions in the e-invoicing market, these areas are emerging as meaningful growth zones as infrastructure improves and regulatory frameworks evolve.
• Across regions, the e-invoicing market is shifting from isolated invoice replacement towards integrated ecosystems where finance, procurement, compliance and partners flow seamlessly.

Key Drivers Accelerating Market Growth

• Regulatory pressure and mandates around tax, reporting and supply-chain transparency are accelerating adoption in the e-invoicing market.
• The shift from paper-based to digital commerce means more invoices, more complexity and hence greater need for efficient solutions within the e-invoicing market.
• Cloud and SaaS deployment models are lowering barriers to entry, enabling smaller organisations to participate in the e-invoicing market.
• Real-time data analytics, AI-driven automation and partner networks are elevating the value of the e-invoicing market for businesses seeking strategic efficiency.
• Globalisation and cross-border trade demand standardised invoice flows—increasing relevance of the e-invoicing market as a connector across geographies and systems.
• Cost and operational pressures—such as reducing errors, preventing fraud, speeding cash flow—are driving many enterprises to adopt solutions within the e-invoicing market.

Key Players

Major organisations shaping the e-invoicing market include:

• Cegedim SA
• Sage Group Plc
• Comarch SA
• Nipendo Ltd
• Tradeshift
• Transcepta LLC
• Basware Corporation
• Coupa Software Inc
• International Business Machines Corp
• SAP SE

Emerging Trends & Market Opportunities

• End-to-end invoice ecosystems: Providers in the e-invoicing market are moving beyond simple invoice formats to full-lifecycle platforms—issue, transmit, archive, analyse.
• AI and analytics for finance: Within the e-invoicing market, analytics that detect fraud, predict payment behaviour and optimise working capital are gaining traction.
• Standardisation & interoperability: In the e-invoicing market, frameworks such as PEPPOL and ViDA are enabling cross-border invoice exchange and setting the stage for global harmonisation.
• Cloud and hybrid deployments: Organisations in the e-invoicing market are choosing flexible deployment models that scale, support remote work and simplify partner connectivity.
• MSME inclusion: Growth in the e-invoicing market will increasingly come from small and medium enterprises as solutions become more affordable, user-friendly and integrated.
• Sustainability dimension: The e-invoicing market offers an opportunity to reduce paper, eliminate manual errors and support corporate ESG agendas.

Get the Premium Research Report on E-Invoicing Market Size and Growth by 2031 at: https://www.theinsightpartners.com/buy/TIPRE00009392

Recent Industry Developments

• A recent report highlighted that organisations in one region are leading the e-invoicing market by adoption, with more than 80% of invoices received electronically and deep penetration beyond compliance-only usage.
• Tax authorities in certain markets have introduced updated invoice management systems affecting how e-invoicing is reported and processed—marking a shift in the e-invoicing market from simple digital copies to real-time data flows.
• Vendors in the e-invoicing market are increasingly offering AI-driven audit and workflow bots, improving efficiency and accuracy while reducing human workload.

Conclusion

The e-invoicing market is entering a pivotal phase—one where the emphasis shifts from adoption to optimisation, from compliance to strategic advantage. Organisations that view the e-invoicing market not just as a cost-centre but as a driver of transparency, cash-flow efficiency and partner collaboration will be the winners. As the market advances toward 2031, success in the e-invoicing market will come to those who embrace digital finance workflows, invest in connected ecosystems and place people at the heart of transformation. The future of the e-invoicing market isn’t just about technology—it’s about enabling better business, better relationships and better outcomes.

Market Analysis from The Insight Partners

“The Referral Market growth is being propelled by an urgent need for earlier, safer, and more accessible osteoporosis screening,” said a spokesperson from The Insight Partners. “Our Referral Market report delivers critical strategic insights for healthcare providers, diagnostic manufacturers, and policymakers to navigate this evolving landscape and capitalize on emerging opportunities.”

Trending Related Reports

•  Home Automation Market  - Report by 2031
• Lab Automation Market – Growth & Forecast by 2031
• EMC Testing Market - Outlook 2031
• Digital Health Market – Global Trends by 2031

About The Insight Partners

The Insight Partners is a global leader in market research, providing expert analysis on Referral Market trends, consumer insights, and growth strategies to support business decision-making.

Contact Us: -

• If you have any queries about this report or if you would like further information, please
• Contact Person: Ankit Mathur
• E-mail: ankit.mathur@theinsightpartners.com
• Phone: +1-646-491-9876

Also Available in :

 Korean | German | Japanese | French | Chinese | Italian | Spanish