Navigating the tornado: Insights from The global e-invoicing and tax compliance report

Download Billentis global e-invoicing and tax compliance report: Watch the tornado!

The latest market research report from Billentis, “The global e-Invoicing and tax compliance report: Watch the tornado!“, offers an extensive analysis of the electronic invoicing landscape, highlighting significant advancements and the evolving regulatory environment that shapes global digital trade practices. Authored by industry pioneers Marcus Laube and Bruno Koch, the report examines the tornado of user adoption, pivotal shifts, and innovations accelerating the business messaging market toward significant growth and increased complexity. Let’s navigate the tornado; here are the four summarized findings.

E-invoicing market growth

The e-invoicing sector is poised for a robust expansion. Current trends predict the annual handling of approximately 560 billion invoices by 2024, with around 125 billion expected to be processed electronically. From a market value of $8.9 billion, projections suggest a rise to about $23.7 billion by 2028, driven by the need for enhanced compliance and operational efficiency in business transactions.

Increased regulatory impact

Tax authorities worldwide embrace e-invoicing with Continuous Transaction Control (CTC) models to combat tax evasion, facilitating real-time transaction processing and auditing. Notable initiatives include Europe’s “VAT in the Digital Age” (ViDA) and the adoption of Peppol standards across Asia, signaling a shift towards more integrated compliance and operational frameworks.

Emerging Integrated Digital Trade (IDT)

The transition to IDT is emerging as a holistic approach to automating business transactions and financial operations. Supported by government mandates, this shift encompasses a broader spectrum of business messages and processes, varying significantly between SMEs and large companies in its implementation.

Integrating new technologies

The integration of emerging technologies such as Artificial Intelligence (AI) and blockchain with e-invoicing systems is introducing new efficiencies and enhancing capabilities. This allows businesses to comply with regulatory frameworks and secure a competitive advantage through improved accuracy and security.

The e-invoicing landscape is rapidly evolving, with technological advancements and regulatory changes steering the market toward greater efficiency, compliance, and global competitiveness. Organizations that adapt quickly to these changes stand to gain significant advantages.

Key facts

  • 560 bn total invoice volume 2024, equal share B2B/B2C
  • EUR 8,3 bn e-invoicing market value 2024
  • 27,9% market value CAGR to 2028
  • 19,6% CAGR e-invoice volumes to 2028
  • Asia, Africa, and Latin America are currently the biggest growth markets
  • European service providers cover half of the B2B/EDI market
  • Increasing market share of service providers compared to B2B integration/EDI

Download the full market research report “The global e-invoicing and tax compliance report: Watch the tornado!” to get the full analysis of the e-invoicing and tax compliance landscape and navigate these complex changes. This document is essential for any business looking to stay ahead in an increasingly digital world.

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