The latest research study “Japan E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Japan E-invoicing market is expected to exhibit a CAGR of 24.32% during 2022-2027.
E-invoicing, or electronic invoicing, generates electronic bills while exchanging services and goods through a digital platform. It purchases orders, encloses debit and credit notes, and remittance vouchers specifying the terms and conditions of the payment. Usually conducted through smart devices, such as laptops, smartphones, computers, and tablets, e-invoicing can also be deployed via the cloud and on-premises solutions. Cloud-based resolutions offer several benefits, including faster invoice-processing time and transparency, enhanced accuracy and data quality, and reduced instances of delayed payments and human errors. This solution tracks business transactions while reducing costs for implementation, training, system design, customization, and maintenance.
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Japan E-Invoicing Market Trends:
The escalating need for standardizing cross-border public procurement procedures is primarily driving the Japan e-invoicing market. Besides this, elevating preference for replacing traditional methods across various sectors, such as energy, telecommunications, information technology (IT), banking, financial services and insurance (BFSI), and retail, is further augmenting the market growth. Moreover, the increasing requirement for interoperability between several document formats in administration processes, taxation, and regulatory body operations is also catalyzing the market across Japan. Apart from this, the rising large-scale digitization, the growing popularity of industrial automation and the internet of things (IoT), and extensive research and development (R&D) activities are expected to bolster the Japan e-invoicing market in the coming years.
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Key Market Segmentation:
The report has segmented the market on the basis of channel, deployment type, application and region.
Breakup by Channel:
Breakup by Deployment Type:
Breakup by Application:
- Energy and Utilities
Breakup by Geography:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• 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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