Japan Blockchain in Small and Medium Business Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 22.4% from 2024 to 2030.
Japan's small and medium-sized enterprises (SMEs) are increasingly integrating blockchain technology to enhance operational efficiency and transparency. This shift is driven by the nation's proactive stance on blockchain adoption and regulation.
In fiscal year 2021, Japan's blockchain-utilized services market was valued at approximately 78.3 billion yen. Projections indicate a substantial increase, with expectations to reach nearly 724.8 billion yen by fiscal year 2025. This growth underscores the escalating demand for blockchain solutions among businesses of all sizes.
Several key industries are leading the charge in blockchain adoption:
Traceability: SMEs in sectors like agriculture and manufacturing are leveraging blockchain to monitor product journeys from origin to consumer, ensuring authenticity and quality.
Authentication: The technology is employed for digital identity verification, streamlining processes such as customer onboarding and compliance checks.
Non-Fungible Tokens (NFTs): Creative industries, including art and entertainment, are utilizing NFTs to monetize digital assets, offering new revenue streams for smaller enterprises.
Japan's regulatory framework has been instrumental in fostering this environment. Following the 2014 Mt. Gox incident, the government implemented stringent regulations, providing clarity and security for businesses venturing into blockchain. This early intervention has positioned Japan as a leader in the blockchain space.
Moreover, collaborations between large corporations and SMEs are accelerating blockchain integration. Companies like Sony and Fujitsu are actively developing blockchain solutions, creating opportunities for smaller businesses to adopt and benefit from these advancements.
For SMEs considering blockchain implementation, it's crucial to:
Identify specific business challenges that blockchain can address.
Engage with industry consortia and participate in pilot programs to gain practical insights.
Stay informed about regulatory developments to ensure compliance and leverage available support.
By embracing blockchain, Japan's SMEs are not only enhancing their competitiveness but also contributing to the nation's reputation as a global blockchain leader.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Blockchain in Small and Medium Business Market
Retail and E-commerce
Healthcare and Pharmaceuticals
Manufacturing and Supply Chain
Finance and Insurance
Real Estate
Payment Processing
Supply Chain Management
Identity Verification
Smart Contracts
Data Storage and Management
Early Adopters
Growth Stage Users
Mature Blockchain Implementers
Non-Users Considering Blockchain
Technology Resistors
Small Enterprises (1-50 Employees)
Medium Enterprises (51-250 Employees)
Micro SMEs (1-10 Employees)
Family-owned SMEs
Startups
Finance and Accounting
Customer Relationship Management (CRM)
Human Resources Management
Marketing and Advertising
Compliance and Regulatory Reporting
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Blockchain in Small and Medium Business Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Blockchain in Small and Medium Business Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Blockchain in Small and Medium Business Market, By Type
6. Japan Blockchain in Small and Medium Business Market, By Application
7. Japan Blockchain in Small and Medium Business Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Blockchain in Small and Medium Business Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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