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India E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India e-invoicing market is expected to exhibit a CAGR of 24.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Electronic invoice, or e-invoice, refers to the invoices developed, reserved, and amended in a structured configuration through an electronic system, enclosing the debit and credit notes, purchase orders, and remittance vouchers specifying payment terms and conditions. E-invoicing is widely implemented in India to plug gaps in GST data reconciliation and curtail tax evasion. An e-invoice includes PDF, XML, or word formatted invoice data on a webpage or electronic mail. Easily deployable via smart devices like smartphones, tablets, or laptops, they can be integrated with the cloud for seamless operations. Thus, e-invoicing helps reduce human errors and processing time while increasing data quality and invoice accuracies.

India E-Invoicing Market Trends:

The India e-invoicing market is primarily driven by the rising need for transparency in invoicing. The increasing adoption of e-invoicing for streamlining invoice management and reduced audit risks are also contributing to the market demand. In line with this, rapid implementations of e-invoicing regulations to keep track of the shadow economy and the loss of tax revenue, incentives and compensations are providing lucrative growth opportunities in the market. Moreover, the emerging fair competition policies and the widespread usage of e-invoicing solutions across retail outlets for improving consumer protection for transactional documents are acting as major growth-inducing factors for the market. Additionally, the increasing need to lower commercial concealment while complying with tax obligations is further providing a boost to the e-invoicing market in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India e-invoicing market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on channel, deployment type and application.

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 Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Channel, Deployment Type, Application, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India e-invoicing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India e-invoicing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the channel?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India e-invoicing market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India E-Invoicing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Channel
    6.1    B2B
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    B2C
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Deployment Type
    7.1    Cloud-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    On-premises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Energy and Utilities
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    FMCG
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    E-Commerce
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    BFSI
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Government
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast 
9    Market Breakup by Region
    9.1    North India
        9.1.1 Market Trends
        9.1.2 Market Breakup by State
        9.1.3 Market Forecast
    9.2    West and Central India
        9.2.1 Market Trends
        9.2.2 Market Breakup by State
        9.2.3 Market Forecast
    9.3    East India
        9.3.1 Market Trends
        9.3.2 Market Breakup by State
        9.3.3 Market Forecast
    9.4    South India
        9.4.1 Market Trends
        9.4.2 Market Breakup by State
        9.4.3 Market Forecast 
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Policy and Regulatory Landscape
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: India: E-Invoicing Market: Major Drivers and Challenges
Figure 2: India: E-Invoicing Market: Sales Value (in Million US$), 2016 - 2021 
Figure 3: India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: E-Invoicing Market: Breakup by Channel (in %), 2021
Figure 5: India: E-Invoicing Market: Breakup by Deployment Type (in %), 2021
Figure 6: India: E-Invoicing Market: Breakup by Application (in %), 2021
Figure 7: India: E-Invoicing Market: Breakup by Region (in %), 2021
Figure 8: India: E-Invoicing (B2B) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: India: E-Invoicing (B2B) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: India: E-Invoicing (B2C) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11 India: E-Invoicing (B2C) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: India: E-Invoicing (Other Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: India: E-Invoicing (Other Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: E-Invoicing (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: India: E-Invoicing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: India: E-Invoicing (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: India: E-Invoicing (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: India: E-Invoicing (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: India: E-Invoicing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: India: E-Invoicing (FMCG) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: India: E-Invoicing (FMCG) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: India: E-Invoicing (E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: India: E-Invoicing (E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: India: E-Invoicing (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: India: E-Invoicing (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: E-Invoicing (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: E-Invoicing (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: E-Invoicing (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: E-Invoicing (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North India: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North India: E-Invoicing Market: Breakup by State (in %), 2021
Figure 32: North India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: West and Central India: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: West and Central India: E-Invoicing Market: Breakup by State (in %), 2021
Figure 35: West and Central India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South India: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South India: E-Invoicing Market: Breakup by State (in %), 2021
Figure 38: South India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: East India: E-Invoicing Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: East India: E-Invoicing Market: Breakup by State (in %), 2021
Figure 41: East India: E-Invoicing Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 42: India: E-Invoicing Industry: SWOT Analysis
Figure 43: India: E-Invoicing Industry: Value Chain Analysis
Figure 44: India: E-Invoicing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: E-Invoicing Market: Key Industry Highlights, 2021 and 2027
Table 2: India: E-Invoicing Market Forecast: Breakup by Channel (in Million US$), 2022-2027
Table 3: India: E-Invoicing Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 4: India: E-Invoicing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: India: E-Invoicing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: India: E-Invoicing Market: Competitive Structure
Table 7: India: E-Invoicing Market: Key Players


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