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The Europe E-invoicing market is expected to exhibit a CAGR of 21.37% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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.
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 2022-2027. Our report has categorized the market based on channel, deployment type and application.
Breakup by Channel:
Breakup by Deployment Type:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Channel, Deployment Type, Application, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
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Corporate License: US$ 4699
|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)|
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