E-Invoicing Market Growth 2024-2032, Industry Size, Share, Trends and Forecast
The latest report by IMARC Group, titled “ E-Invoicing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 “, The global e-invoicing market size reached US$ 13.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.9 Billion by 2032, exhibiting a growth rate (CAGR) of 17.7% during 2024-2032. E-invoicing refers to the electronic generation, transmission, and reception of invoices between businesses and their trading partners. Unlike traditional paper-based invoicing systems, e-invoicing harnesses the power of digital technology to create a more efficient, accurate, and cost-effective invoicing process. It is characterized by its ability to automate the entire invoicing cycle, from invoice creation to payment receipt, thus eliminating the need for manual data entry and paperwork. This innovative approach offers businesses numerous advantages, such as reduced errors, faster invoice processing times, and enhanced visibility