The global e-invoicing market size was valued at USD 8,205.9 million in 2021 and is expected to reach USD 26,766.4 million by 2028, at a CAGR of 18.4% during the forecast period 2022 to 2028. The creation of electronic bills through with a digital platform during the exchange of goods and services is known as electronic invoicing, or e-invoicing. Purchase orders, debit and credit notes, and remittance vouchers that indicate the payment terms and conditions are typically handled using various smart devices, such as mobile phones, computers, and tablets. E-invoicing can also be implemented using cloud and on-premises solutions, which provide a number of additional advantages, including enhanced invoice accuracy as well as data quality, fewer instances of late payments, and faster invoice processing time and transparency.

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One of the primary drivers driving the market's favourable outlook is significant growth in the e-commerce industry. Furthermore, the market is being driven by growing adoption of modern information technology (IT) solutions throughout the banking, financial services, and insurance (BFSI), energy, telecommunications, and retail industries. To accommodate the regularly changing operational patterns, product providers are now offering adaptable e-invoicing systems. Various technical breakthroughs, such as the development of cloud-integrated web and software-based invoicing applications, artificial intelligence (AI), the Internet of Things (IoT), and predictive analytics tools, are also helping to drive market expansion. Other reasons such as the growing implementation of blockchain technology to maintain document security, as well as the expanding trend of document digitization for fast performance and regulatory needs, are expected to propel the market even more.

The global e-invoicing market segmentation:

1) By Type: Cloud-Based, On-Premises

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

North America is the primary driver of the global e-invoicing market. The market in North America is being driven by an increase in the volume of e-invoices as well as a larger use of electronic transactions between trade partners. The fast-growing requirement for e-invoicing in the B2B segment is expected to accelerate demand for e-invoicing in the United States, propelling the e-invoicing market forward.

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Some of the major key players in the Price e-Invoicing Market are Zoopla Property Group (uSwitch), Admiral Group Plc (Confused.com), com Group Plc, Coupons, BizRate, ShopAtHome, SlickDeals, NexTag, Woo

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