Market Overview:
The Europe E-invoicing market size reached USD 1.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.5 Billion by 2033, exhibiting a growth rate (CAGR) of 14.77% during 2025-2033.
Report Attribute
|
Key Statistics
|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 1.9 Billion |
Market Forecast in 2033
|
USD 6.5 Billion |
Market Growth Rate 2025-2033 |
14.77% |
Electronic invoicing, or e-Invoicing, refers to exchanging invoice documents between suppliers and buyers in a consolidated electronic format. Unlike manual paper-based processes prone to human error, e-invoicing results in increased accuracy and decreased processing lifecycle costs for businesses. E-Invoicing has become a widely adopted business-to-business (B2B) practice throughout Europe that involves electronic data interchange (EDI) transactions. Ideally, e-invoices contain structured invoice data issued in EDI or XML formats while using standard internet-based web applications.
Europe E-Invoicing Market Trends:
The market is primarily driven by the rising international trade between European countries. Thus, the vast market fragmentation is supporting the demand for systematic invoicing solutions across the region. Moreover, the widespread adoption of cloud services is creating a positive outlook for the market. Different service providers are now offering cloud-based e-invoicing and customers are increasingly adopting these solutions as they foster better record-keeping without storage issues. Furthermore, the growing need for interoperability between multiple document formats in public administration processes, regulatory body operations, and tax authorities across numerous countries in the region is also augmenting the growth of the e-invoicing market through continual product innovations and deployment of various international standards. Some of the other factors contributing to the market growth include rapid digitization for efficient invoice processing, the widespread adoption of blockchain technology for ensuring document security across enterprises and the escalating demand for flexible e-invoicing solutions in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe E-invoicing market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on channel, deployment type and application.
Breakup by Channel:
Breakup by Deployment Type:
Breakup by Application:
- Energy and Utilities
- FMCG
- E-Commerce
- BFSI
- Government
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Channel, Deployment Type, Application, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe E-invoicing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe E-invoicing market?
- What are the key regional markets?
- What is the breakup of the market based on the channel?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe E-invoicing market and who are the key players?
- What is the degree of competition in the industry?