Electronic Invoice Analysis Report ：the global Electronic Invoice market size is projected to reach USD 4.53 billion by 2030

Electronic invoices refer to legal receipts and payment vouchers generated, stored and transmitted electronically, and their legal effect, basic uses and usage regulations are consistent with paper invoices. Electronic invoice software is a digital tool designed specifically for generating, managing, sending and storing electronic invoices. It replaces traditional paper invoices through automated processes, supports enterprises to efficiently process sales transaction records, ensures compliance with tax regulations, and simplifies financial management and accounting operations. Such software usually has the ability to integrate with existing financial systems (such as ERP, accounting software), provides secure data encryption and compliance checks to ensure the authenticity and legality of invoices, and allows users to conveniently send and receive invoices through multiple channels (such as email, mobile applications). Electronic invoice software not only improves work efficiency, but also helps companies reduce paper use and promotes green environmental protection.

According to the new market research report “Electronic Invoice - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Electronic Invoice market size is projected to reach USD 4.53 billion by 2030, at a CAGR of 7.9% during the forecast period.

Figure. Global Electronic Invoice Market Size (US$ Million), 2020-2031

Source: QYResearch, "Electronic Invoice - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”


Figure. Global Electronic Invoice Top 19 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Source: QYResearch, "Electronic Invoice - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

According to QYResearch Top Players Research Center, the global key manufacturers of Electronic Invoice include SAP Ariba, OpenText, Sage, Tungsten, Edicom, Vertex, Basware, Tradeshift, Pagero, Xero, etc. In 2023, the global top 10 players had a share approximately 49.0% in terms of revenue.

In terms of product type, currently Cloud-based is the largest segment, hold a share of 87.5%.

Based on or includes research from QYResearch: Global Electronic Invoice Market Report 2025-2031.
In terms of product application, currently Retail is the largest segment, hold a share of 32.5%.

Drivers
Policy promotion: Governments of various countries actively promote electronic invoices to improve tax transparency, reduce tax evasion, and promote the digital transformation of finance and taxation.
Enterprise digital transformation: Enterprise financial management is developing towards automation and intelligence. Electronic invoices can improve operational efficiency and reduce manual processing costs.
Environmental protection and cost savings: Electronic invoices reduce paper use, printing and storage costs, and are in line with the development trend of the green economy.
Cross-border trade and e-commerce growth: The increase in global e-commerce and cross-border transactions has promoted the popularization of electronic invoices and simplified the tax compliance process in international transactions.
Restraints
Technology and system compatibility issues: Electronic invoice standards in different countries and regions are not unified, and enterprises need to invest additional resources for system integration.
Data security and privacy risks: Electronic invoices involve sensitive financial data, and enterprises need to strengthen data protection and prevent cyber attacks and information leaks.
Enterprise adaptation costs: Small and medium-sized enterprises may face high technology upgrade costs, including software procurement, employee training and system maintenance.
Regulations and compliance challenges: Some countries still have restrictions on the legal effect of electronic invoices, affecting their global promotion.
Opportunities
Blockchain and artificial intelligence applications: Blockchain technology can improve the security and traceability of electronic invoices, and artificial intelligence can optimize the invoice processing process and improve the level of automation.
Global market expansion: With the development of digitalization of international trade, the application of electronic invoices in cross-border transactions will be further expanded.
Government support and tax reform: Governments of various countries continue to optimize electronic invoice policies, promote enterprises to adopt electronic invoices, and improve tax management efficiency.
Enterprise financial management upgrade: The deep integration of electronic invoices and enterprise resource planning (ERP) systems will enhance the level of intelligence in financial management.



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