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The global e-invoicing market was valued at US$ 8.74 Billion in 2021.
We expect the global e-invoicing market to exhibit a CAGR of 21.5% during 2022-2027.
The expanding e-commerce sector, along with the rising integration of cloud-based and on-premises
solutions, for providing improved invoice accuracy, faster invoice-processing time, and
transparency, is currently driving the global e-invoicing market.
The sudden outbreak of the COVID-19 pandemic has led to a significant shift from brick-and-mortar
distribution channels towards e-commerce platforms which, in turn, is augmenting the utilization of
Based on the channel, the global e-invoicing market can be categorized into B2B, B2C, and others.
Among these, B2C channel exhibits a clear dominance in the market.
Based on the deployment type, the global e-invoicing market has been segmented into cloud-based
and on-premises. Currently, cloud-based solution represents the largest market share.
Based on the application, the global e-invoicing market can be bifurcated into energy and utilities,
FMCG, e-commerce, BFSI, government, others. Among these, the e-commerce sector accounts for
the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global e-invoicing market include Araize Inc., Basware Oyj,
Brightpearl, Cegedim (FCB SAS), Comarch SA, Coupa Software Incorporated, International Business
Machines Corporation, Nipendo Ltd., Paysimple Inc. (EverCommerce), SAP Ariba (SAP SE), and The
Sage Group Plc.
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