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The Japan E-invoicing market is expected to exhibit a CAGR of 24.32% 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 invoicing, also called e-invoicing, generates electronic bills during the goods and services exchange via digital platforms. Including debit and credit notes, purchase orders, and remittance vouchers, the system specifies the terms and conditions of the payment. E-invoicing can be conducted via smart devices, such as smartphones, laptops, computers, and tablets, while being integrated with the cloud and on-premises solutions. The e-invoicing system used in Japan works similar to a telephone network where the sender can be recognized immediately with a unique ID. As a result, it helps track business transactions and reduces system customization and maintenance costs while making valuable electronic documents safer.
The market is primarily driven by the augmenting need for standardizing cross-border public procurement procedures, which complements the adoption of standardized electronic invoicing solutions. Also, the escalating preference for electronic alternatives replacing traditional invoicing methods across varied sectors, such as information technology (IT), banking, financial services and insurance (BFSI), energy, telecommunications, and retail, is acting as another significant growth-inducing factor. Furthermore, the rising need for interoperability between multiple document formats in administration processes, taxations, and regulatory body operations throughout the country is also boosting the growth of the e-invoicing market. Some of the other factors contributing to their uptake include rapid large-scale digitization, widespread adoption of industrial automation and the internet of things (IoT), and extensive research and development (R&D) activities.
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan 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:
Breakup by Deployment Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Channel, Deployment Type, Application, Region|
|Region Covered||Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|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)|
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