E-Invoicing Market Report 2026

The e-invoicing market size has grown exponentially in recent years. It will grow from $24.18 billion in 2025 to $29.79 billion in 2026 at a compound annual growth rate (CAGR) of 23.2%. The growth in the historic period can be attributed to implementation of government e-invoicing mandates, growth of digital accounting practices, rising need for transaction transparency, expansion of b2b digital trade, adoption of paperless billing systems.

The e-invoicing market size is expected to see rapid growth in the next few years. It will grow to $60.81 billion in 2030 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to increasing cross-border digital trade, rising demand for real-time tax reporting, expansion of cloud-based enterprise software, growing focus on fraud prevention in invoicing, increasing integration with digital payment systems. Major trends in the forecast period include increasing adoption of mandatory e-invoicing frameworks, rising integration with erp and accounting systems, growing use of automated tax compliance tools, expansion of cloud-based invoicing platforms, enhanced focus on real-time invoice processing.

The rising adoption of digital transformation is anticipated to drive the growth of the E-invoicing market in the coming years. Digital transformation involves the strategic integration of digital technologies to fundamentally reshape business processes, customer experiences, and organizational culture to address changing market needs. This growing adoption is driven by businesses’ need to remain competitive, enhance operational efficiency, improve customer experiences, and adapt to rapidly evolving technological environments. Digital transformation supports E-invoicing by automating manual tasks, increasing accuracy, speeding up invoice processing, and boosting efficiency and cost savings. For example, in April 2024, a report published by Eurostat, a Luxembourg-based government agency, indicated that 74% of all businesses in the EU had achieved a basic level of digital intensity. Among SMEs, the proportion was 73%, about 20 percentage points below the EU’s 2030 target, while for large enterprises it reached 98%. Consequently, the growing adoption of digital transformation is fueling the expansion of the E-invoicing market.

Leading companies in the e-invoicing market are intensifying their efforts to develop advanced e-invoicing solutions, such as ONESOURCE e-invoicing, to bolster their market revenue. ONESOURCE e-invoicing is a software solution engineered to streamline electronic invoice management and ensure compliance with global e-invoicing regulations. For instance, in October 2023, Thomson Reuters Corporation, a Canada-based media company, rolled out ONESOURCE e-invoicing tailored for multinational enterprises. This solution furnishes clients with a pre-built suite of integrations linking financial systems, such as prevalent enterprise resource planning (ERP) systems. The technology automates the end-to-end compliance process, centralizing and standardizing the compliance workflow to ensure precise, timely digital filings. Leveraging technology, this centralized platform simplifies electronic invoicing management for multinational enterprises, providing a unified access point to handle e-invoicing compliance, cut costs, streamline data management, and save time through automated e-invoice validation and data enrichment.

In February 2024, Thomson Reuters Corporation, a Canada-based media company, acquired Pagero Group AB for $800 million. This acquisition is poised to enable Thomson Reuters Corporation to broaden its offerings in the e-invoicing and indirect tax solutions realms, positioning the company for significant growth prospects. Pagero Group AB is a Sweden-based e-invoicing and business network company.

Major companies operating in the e-invoicing market are Oracle Corporation, Fiserv Inc., FIS Global Solutions Holdings LLC, Thomson Reuters Corporation, Deluxe Corporation, GEP Solutions Pvt. Ltd., SAP Ariba Inc., Coupa Software Incorporated, Bill Holdings Inc., Bottomline Technologie Inc., Basware Corporation, AvidXchange Inc., Zycus Inc., Jaggaer Inc., Tipalti Inc., Ivalua Inc., Esker Inc., Corcentric LLC, Tradeshift Holdings Inc., Taulia Inc., MineralTree Inc., Plooto Inc., Transcepta LLC, Certify Inc., Yooz Inc.

North America was the largest region in the E-invoicing market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the e-invoicing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the e-invoicing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The e-invoicing market includes revenues earned by entities by providing services such as electronic invoice generation, invoice delivery, supplier onboarding and management, and compliance monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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