Electronic Invoicing (E-Invoicing) Market in Europe 2023: Size, Growth (17.1%), Top Companies and Future Forecast by 2028

How Big is The Europe E-Invoicing Market?

IMARC Group, a leading market research company, has recently releases report titled “Europe E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the Europe E-invoicing market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 17.1% during 2023-2028.


What is Electronic Invoicing (E-Invoicing)?

E-invoicing, also known as electronic invoicing, is a digital solution that revolutionizes traditional paper-based invoicing processes. It involves the exchange of invoices in electronic format, enabling businesses to create, send, receive, and process invoices electronically. It streamlines the entire invoicing cycle, eliminating manual tasks, reducing errors, and enhancing operational efficiency. As it assists in enabling businesses to optimize their financial processes, enhance cash flow management, and strengthen their supplier-customer relationships by leveraging advanced technologies, such as cloud computing and automation, the demand for e-invoicing is rising in Europe.

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What are the growth prospects and trends in the Europe E-Invoicing industry?

At present, governing agencies in Europe are promoting e-invoicing initiatives by issuing directives that encourage its implementation among businesses and public entities, as these regulations not only ensure seamless cross-border trade but also improve transparency and reduce fraud risks. This, along with the rising adoption of e-invoicing to minimize manual errors, accelerate invoice processing time, and significantly reduce costs associated with paper-based invoicing, represents one of the key factors supporting the growth of the market in Europe. Moreover, e-invoicing enables real-time tracking and visibility into payment status, facilitating better financial planning and cash flow management, which is propelling the growth of the market. Furthermore, businesses are seeking end-to-end e-invoicing platforms that seamlessly integrate with their existing financial systems and enterprise resource planning (ERP) software across the region.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Channel:

  • B2B
  • B2C
  • Others

Breakup by Deployment Type:

  • Cloud-based
  • On-premises

Breakup by Application:

  • Energy and Utilities
  • FMCG
  • E-Commerce
  • BFSI
  • Government
  • Others

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter's Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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