Electronic Invoicing Market Size in Europe Estimated to Grow 21.37% by 2027 | IMARC Group

PRESS RELEASE

Published April 10, 2023

The latest research study “Europe E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Europe E-invoicing market is expected to exhibit a CAGR of 21.37% during 2022-2027.

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Electronic Invoicing Report Analysis:

Electronic invoicing, alternatively known as e-invoicing, represents the generation of electronic bills or invoices through a digital platform during the exchange of goods and services. It involves the usage of smart devices, including tablets, mobile phones, laptops, etc., and includes debit and credit notes, purchase orders, and remittance vouchers specifying the terms and conditions of the payment. E-invoicing methods offer numerous benefits, such as improved invoice accuracy and data quality, reduced instances of delayed payments, faster invoice-processing time and transparency, etc. They even aid in convenient business transaction tracking and minimize the costs associated with system design, customization, implementation, maintenance, and training. As a result, e-invoicing solutions find extensive applications across several sectors in Europe, including energy and utilities, fast-moving consumer goods (FMCG), e-commerce, banking, financial services and insurance (BFSI), government, etc.

Request a free sample brochure: https://www.imarcgroup.com/europe-e-invoicing-market/requestsample

Europe E-Invoicing Market Trends and Drivers:

The expanding international trade activities between European countries and the inflating need for systematic invoicing solutions are primarily driving the Europe E-invoicing market. In addition to this, the rising utilization of cloud services for enhanced record-keeping without storage issues and the increasing requirement for interoperability between multiple document formats in public administration processes, tax authorities, and regulatory body operations across various countries in the region are acting as significant growth-inducing factors. Moreover, the elevating product innovations and the growing digitization are also positively influencing the regional market. Apart from this, the escalating adoption of blockchain technology to ensure efficient invoice processing, document security, and flexibility among enterprises is expected to propel the Europe E-invoicing market in the coming years.

Inquire Before Buying: https://www.imarcgroup.com/request?type=report&id=6368&flag=F

Europe E-Invoicing Market Report Segmentation:

The report has been segmented the market into 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

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Browse Other Reports by IMARC Group:

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.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800