The E-Invoicing Journey 2019-2025
Invoicing is a key business process. The VAT gap is the main accelerator for the digitisation of business, fiscal, reporting, inventory, trade and logistical documents
The global market is forecast to encompass 550 billion invoices annually. It is expected to quadruple in size by 2035. In 2019, only around 55 billion invoices are exchanged on a paperless ba-sis. We estimate that the size of the global e-invoicing and enablement market in 2019 amounts to EUR 4.3 billion, and that it will reach approximately EUR 18 billion in 2025. The private sector was the main driver for market development in the first phase; however, it is now being increasingly pushed by governments. The VAT gap is increasingly becoming the main accelerator for the digitisation of business, fiscal, reporting, inventory, trade and logistical documents.