The small and medium-sized business (SMB) sector in Japan has been rapidly expanding, resulting in an increased demand for efficient and cost-effective solutions, especially in tax and accounting. As firms grow, the need to streamline financial operations and guarantee compliance with changing legislation becomes more critical. In this context, cloud-based tax and accounting software offers a perfect alternative for SMEs looking to improve financial management while keeping costs under control.
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Data Bridge Market Research analyzes that The Japan Tax IT Software Market is expected to reach a value of USD 4.66 billion by 2032, from USD 2.58 billion in 2024, growing at a CAGR of 7.7% during the forecast period of 2025 to 2032.
Key Findings of the Study
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Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2025 to 2032
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Base Year
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2024
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Historic Year
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2023 (Customizable to 2018-2022)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Offering (Software And Services), Tax Type (Income Tax, Corporate Tax, Property Tax, and Others), Deployment Mode (New Cloud and On-Premises), Organization Size (Small And Medium-Sized Enterprises and Large Enterprises), Revenue Model (One-Time Purchase and Subscription Based) Industry (Banking, Financial Services, And Insurance (BFSI), IT And Telecommunications, Manufacturing, Retail And Consumer Goods, Healthcare, Energy And Utilities, Media And Entertainment, and Others)
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Market Players Covered
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SAP (Germany), ADP, Inc. (U.S.), freee K.K. (Japan), Money Forward, Inc. (Japan), PCA Corporation (U.S.), QUICKBOOKS (INTUIT INC.) (U.S.), SAGE GROUP PLC (U.K.), TKC Corporation (Japan), and Wolters Kluwer N.V. (Netherlands)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
The Japan tax IT software market is segmented into six notable segments based on the offering, tax type, deployment mode, organization size, revenue model, and industry
- On the basis of offering, the market has been segmented into software and services
In 2025, the software segment is expected to dominate the market with a 55.01% market share
In 2025, the software segment is expected to dominate the market with a 55.01% market share due to the increased complexity of tax regulations and the need for streamlined digital compliance. Businesses are adopting specialized tax software for efficiency in handling intricate tax calculations, reporting, and filings, reducing the reliance on manual processes.
- On the basis of tax type, the market has been segmented into income tax, corporate tax, property tax, others
In 2025, income tax is expected to dominate the market with a 39.76% market share
In 2025, income tax is expected to dominate the market with a 39.76% market share due to the rising need for precise, automated tax calculations and compliance in response to complex income tax regulations. As personal and corporate income tax structures evolve, businesses and individuals seek software that simplifies filing and ensures accuracy to avoid penalties.
- On the basis of deployment mode, the market has been segmented into cloud and on-premises. In 2025, cloud is expected to dominate the market with a 71.39% market share in the forecast period 2025 to 2032
- On the basis of organization size, the market has been segmented into small and medium-sized enterprises and large enterprises. In 2025, large enterprises segment is expected to dominate the market with a 54.94% market share in the forecast period 2025 to 2032
- On the basis of revenue model, the market has been segmented into one-time purchase and subscription based. In 2025, subscription based segment is expected to dominate the market with a 65.66% market share in the forecast period of 2025 to 2032
- On the basis of industry, the market has been segmented into Banking, financial services, and Insurance (BFSI), IT and telecommunications, manufacturing, retail and consumer goods, healthcare, energy and utilities, media and entertainment, and others. In 2025 Banking, Financial Services, and Insurance (BFSI) segment is expected to dominate the market with a 28.06% market share in the forecast period of 2025 to 2032
Major Players
Data Bridge Market Research analyzes SAP (Germany), ADP, Inc. (U.S.), freee K.K. (Japan), Money Forward, Inc. (Japan), and PCA Corporation (U.S.) as the major players operating in the market.
Market Developments
- On October 2024, ADP has acquired WorkForce Software, a leading provider of workforce management solutions for global enterprises. This acquisition expands ADP's offerings, enhancing global workforce management capabilities and driving future innovation to meet evolving business needs
- In October 2024, TKC Co., Ltd. launched the TKC-Phone SE3, a secure smartphone designed for tax accountant offices. This device helps firms comply with the Tax Accountant Act’s confidentiality and supervision requirements. It features app restrictions, data protection, and device management, ensuring privacy for staff and secure communication. The nationwide rollout is scheduled for December 2024
- In August, Sage Group plc expanded its AI-driven AP Automation globally for Sage Intacct, allowing businesses to streamline accounts payable processes and enhance financial operations. In the US, over 10,000 bills per month were processed using this tool, saving organizations overused 100,000 annually. The automation reduced data entry efforts and identified issues like duplicates. This expansion, along with other global updates, reinforced Sage’s commitment to secure, compliant, and efficient financial solutions for businesses worldwide, supporting growth and operational efficiency
- In February 2024, Money Forward, Inc. and PrivateBANK Co., Ltd. established a joint venture, Money Forward PrivateBANK, Inc., to launch a family office business targeting ultra-high-net-worth individuals. The venture aims to provide personalized asset management, building, and concierge services for individuals with assets of 1 billion yen or more, offering solutions to complex financial challenges
- In July 2015, Yayoi Co., Ltd. launched "Yayoi Accounting Online," a cloud-based accounting software designed for small businesses. The platform simplifies bookkeeping with features like automatic transaction uploads, OCR scanning, and bi-directional synchronization with desktop versions. Aimed at enhancing operational efficiency, it empowers businesses to manage finances in real-time while ensuring compliance with evolving regulations
For more detailed information about the Japan tax IT software market report, click here – https://www.databridgemarketresearch.com/ru/reports/japan-tax-it-software-market
