Japan E-Invoicing Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Japan E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Japan E-invoicing industry report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The Japan E-invoicing market size reached US$ 209.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 759.9 Million by 2028, exhibiting a growth rate (CAGR) of 23.18% during 2023-2028.
E-invoicing, also known as electronic invoicing, is the streamlined method for creating, sending, and receiving invoices in a digital format. This modernizes the traditional paper invoicing system, ensuring the secure and efficient transmission of billing information. E-invoicing simplifies billing by enabling senders to issue invoices electronically and recipients to make secure online payments. It enhances invoice organization and storage, aids in tax compliance through accurate and timely documentation, and reduces expenses associated with printing, mailing, and processing paper invoices. In addition to these advantages, it mitigates human errors inherent in manual invoicing, contributing to the growing demand for e-invoicing in Japan.
Japan E-Invoicing Market Trends and Drivers:
Currently, the increasing digital transformation of business operations is a key driver for market growth in Japan. This transformation enables organizations to streamline processes and reduce manual errors. Additionally, the growing adoption of e-invoicing solutions to meet tax and auditing requirements is further bolstering market expansion. Moreover, the rising demand for real-time transaction processing and improved visibility into financial data is creating a positive market outlook in Japan. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) in e-invoicing systems to enhance efficiency, fraud detection, and service personalization is a significant contributor to market growth in Japan.
The report segmented the market on the basis of region, 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:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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.
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