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 theĀ Japan E-invoicing market trends, size, share, 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, refers to the streamlined method of generating, transmitting, and receiving invoices in a digital format. This modern approach supplants the conventional practice of paper invoicing, guaranteeing the secure and efficient transfer of billing information. E-invoicing simplifies the billing process by allowing senders to issue invoices electronically and recipients to make payments securely through online platforms. Additionally, it enhances invoice organization and storage, aids in adhering to tax regulations through precise and punctual documentation, and trims expenses linked to printing, mailing, and processing paper invoices. Furthermore, as it mitigates the potential for human errors inherent in manual invoicing, the demand for e-invoicing is on the rise in Japan.
Japan E-Invoicing Market Trends and Drivers:
Currently, the burgeoning digital transformation of business operations, enabling organizations to streamline processes and reduce manual errors, stands as a pivotal factor bolstering market growth in Japan. Furthermore, the escalating adoption of e-invoicing solutions for the sake of tax and auditing compliance is actively propelling market expansion. Additionally, the surging demand for real-time transaction processing and greater insight into financial data is casting a positive light on the Japanese market. Moreover, the increasing integration of artificial intelligence (AI) and machine learning (ML) into e-invoicing systems, with the aim of augmenting efficiency, fraud detection, and service personalization, is a driving force behind 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)
- Porters 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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