Global E-Invoicing Market is on a strong growth trajectory, valued at USD 15.9 billion in 2024 and projected to reach USD 113.69 billion by 2032, growing at a robust CAGR of 16.8% (2025–2032). Adoption is being fueled by the shift toward digital transformation, compliance with government e-invoicing mandates, and the rising demand for paperless invoicing solutions. Regionally, Europe leads E-Invoicing market with regulatory initiatives such as the EU VAT in the Digital Age (ViDA), while Latin America remains a pioneer due to mandatory e-invoicing platforms in Brazil, Mexico, and Chile. The Asia-Pacific region is accelerating adoption, driven by India’s GST e-invoicing compliance, China’s digital finance reforms, and Singapore’s nationwide invoicing framework, with SMEs and large enterprises increasingly embracing cloud-based invoicing software to improve efficiency and reduce fraud.
E-Invoicing overview
Published by MMR Statistics Research Team, Updated