Precision Business Insights has published a report on the global e-invoicing market, estimating its value at USD 9,716 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 18.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/e-invoicing-market

The industry that focuses on firms exchanging invoices digitally instead of using paper-based techniques is known as the "e-invoicing market." The generation, sending, receiving, and processing of invoices are all automated by e-invoicing, also known as electronic invoicing. To improve cash flow management, decrease errors, and optimize workflows, this technology interfaces with financial platforms such as ERP (Enterprise Resource Planning) systems.

Drivers:

1)Cost efficiency and error reduction: E-invoicing eliminates manual processes, reducing errors and operational costs, which appeals to organizations of all sizes.

2) Growth in e-commerce and global trade: The expansion of online retail and cross-border trade has increased the demand for efficient invoicing systems.

The global e-invoicing market segmentation:

1) By Type: Cloud-Based, On-Premises

2) By End-User: Energy, FMCG, Finance, E-Commerce, Express Services, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the e-invoicing market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the e-invoicing market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Basware Corporation, Cegedim SA, Comarch SA, Coupa Software Inc., IBM Corporation, Nipendo Ltd., SAP SE, The Sage Group plc, Trade shift, Transcepta LLC

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