Europe E-Invoicing Market to Grow at a CAGR of 17.1% to reach US$ 4,217.6 Million from 2020 to 2027

The Europe E-Invoicing market was valued at US$ 1,241.7 million in 2019 and is projected to reach US$ 4,217.6 million by 2027; it is expected to grow at a CAGR of 17.1% from 2020 to 2027

Increasing initiatives by global associations such as ConnectONCE, OpenPEPPOL, EESPA, and GS1 to improve the interoperability among various international e-Invoicing formats are anticipated to fuel the adoption of flexible cloud-based e-Invoicing solutions in the coming years.

E-Invoicing solution providers are offering various solutions with benefits such as compliance features. These solutions allow users to manage their operations alongside the complex country regulations, and the solutions also protect them from any risk related to regulatory compliances that affect “order to cash” and “procure to pay” business processes. Such benefits of e-Invoicing solutions are expected to drive the demand for the same in coming years in European countries.

Detailed reports include inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing needs. With these features and technologies, vendors can attract new customers and expand their footprints in emerging markets. These factors are likely to drive the E-Invoicing market. The Europe-Invoicing market is expected to grow at a good CAGR during the forecast period from 2020 to 2027.

Rest of Europe E-Invoicing Market Revenue and Forecasts to 2027 (US$ Mn)

Europe E-Invoicing Market–Segmentation

Europe E-Invoicing Market, by Type

• Cloud
• On-Premise

Europe E-Invoicing Market, by End-User

• B2B
• B2C
• Others

Europe E-Invoicing Market, by Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe E-Invoicing Market-Companies Mentioned

• Basware Corporation
• Cegedim SA
• Comarch SA
• Coupa Software Inc.
• IBM Corporation
• SAP SE
• The Sage Group plc
• Tradeshift

Europe E-Invoicing Report Scope