Japan E-Invoicing Market Size, Share, Growth Analysis, Report 2023-2028

Japan E-Invoicing Market Overview 2023-2028

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, or electronic invoicing, is the process of generating, sending, and receiving invoices in an electronic format. It replaces traditional paper invoicing and ensures that billing information is transmitted securely and efficiently. It facilitates the billing process by enabling the sender to issue invoices electronically and the recipient to make payments through secure online platforms. It allows for better organization and storage of invoices. It helps in complying with tax regulations by providing accurate and timely documentation. It also reduces costs associated with printing, mailing, and processing paper invoices. Furthermore, as it minimizes human errors that may occur in manual invoicing, the demand for e-invoicing is rising in Japan.

Japan E-Invoicing Market  Trends and Drivers:

At present, the increasing digital transformation of business operations allowing organizations to streamline their processes and reduce manual errors represents one of the crucial factors strengthening the market growth in Japan. Besides this, the rising adoption of e-invoicing solutions to comply with tax and auditing requirements is supporting the growth of the market. In addition, the growing demand for real-time transaction processing and visibility into financial data is offering a favorable market outlook in Japan. Apart from this, the increasing integration of artificial intelligence (AI) and machine learning (ML) in e-invoicing systems to enhance efficiency, detection of fraud, and personalization of services is contributing to the growth of the market in Japan.

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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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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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