Market development in 2013 was again dynamic, although the increase of transaction volume, as well as industry turnover missed the (high) predictions. Overall, European market growth for electronic processes is strong and sustainable. Organizations in the public and private sector are under pressure more than ever to reduce costs and to improve their Cash Management. Combined with the rich solution offering, these benefits are sure to result in further strong market growth for electronic invoicing and related topics. With an estimated volume growth of 19% for 2014, E-Invoicing is currently one of very few growing markets.
The processed B2B volume is expected to reach around 4 billion E-Invoices this year (corresponding to 24% of all European B2B/B2G/G2B invoices). B2C volume is estimated to reach 2.4 billion (14% penetration).