The global market is forecast to encompass 550 billion invoices annually. It is expected to quadruple in size by 2035. In 2019, only around 55 billion invoices are exchanged on a paperless basis. We estimate that the size of the global e-invoicing and enablement market in 2019 amounts to EUR 4.3 billion, and that it will reach approximately EUR 18 billion in 2025. The private sector was the main driver for market development in the first phase; however, it is now being increasingly pushed by governments. Business process automation can help businesses move faster and work smarter.
As technology evolves and global regulations mandate e-Invoicing practices, customers increasingly choose to digitize their invoice processes.
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