Japan E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Japan E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A6018
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Market Overview:

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.

Japan E-Invoicing Market Trends:

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.

Key Market Segmentation:

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:

  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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)

 

Key Questions Answered in This Report:

  • How has the Japan e-invoicing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Japan e-invoicing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the channel?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Japan e-invoicing market and who are the key players?
  • What is the degree of competition in the industry?

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Japan E-Invoicing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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