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Japan Internet of Things Market
The Internet of Things Market in Japan is expected to grow at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Japan IoT Market includes increasing application of internet of Things (IoT) in transportation systems, telemetering, and digital signage, rapid expansion of healthcare industry and rising geriatric population. According to the report published by Statista, the Healthcare market in Japan in anticipated to increase from USD 2,977 million in 2022 to reach USD 4,282 million by the end of 2025, growing at a CAGR of 12.88% over the forecast period (2022-2025), which is expected to boost the market growth in the approaching years. Moreover, the increasing adoption of advanced technologies such as Internet of Things, Big Data and Artificial Intelligence (AI) by the SMEs, and growing investments in research and development related activities by the leading players, are some of the additional factors supplementing the market growth. In addition, high smartphone penetration rates, rising demand for collaborative robots, increasing installations of high-speed fiber broadband connections and growing emphasis by Government for building smart cities, are further pushing the Japan IoT (Internet of Thing) Market size.
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However, the growth of Japan Internet of Things Market is hindered due to increasing number of data breaches, as per Statista, more than 12.2 thousand cybercrimes were reported in Japan during the year 2021.
The leading players operating in the market are Microsoft Corporation, NTT Docomo Inc., SoftBank Group Corp., Amazon Web Services, Inc., Fujitsu Ltd., Hitachi, Intel Corporation, NTT Data Corporation, Siemens AG and IBM Japan among others.
Component: Segment Analysis
Based on Component, the platform segment is anticipated to expand at a remarkable CAGR over the forecast period attributed to its capability to manage tasks and visualize data along with growing adoption of cloud-based platforms by the SMEs.
Application: Segment Analysis
Based on application, the connected healthcare segment is predicted to expand at a faster CAGR during the forecast period. The increasing investments by Government on the healthcare sector, rising geriatric population and growing application of Internet of Things for monitoring patients and distributing vaccines, are some of the factors responsible for the growth of the segment.
Network Infrastructure: Segment Analysis
Based on Network Infrastructure, the gateway segment is estimated to capture a sizeable market share over the forecast period. The gateway provides additional security to IoT networks and acts as a point of connection between cloud, sensors, and intelligent devices, are some of the key features augmenting the growth of the segment.
Market Segmentation
Japan Internet of Things Market by Component
Software Solution
Data Management
Product Data
Location Data
Customer Data
Supplier Data
Asset Data
Real Time Streaming Analytics
Remote Monitoring
Security Solution
Data Encryption and Tokenization
Distributed Denial of Service Protection
Identity Access Management
Secure Communications
Others
Network Bandwidth Management
Bundled Network Management
Standalone Network Management
Services
Professional Service
Support and Maintenance
Deployment and Integration
Consulting
Managed Service
Platform
Device Management
Cloud Platform
Network Management
Application Management
Japan Internet of Things Market by Node Component
Sensor
Inertial Measurement Unit
Accelerometer
Pressure Sensor
Image Sensor
Others
Processor
Microprocessor
Microcontroller
Application Processor
Digital Signal Processor
Connectivity IC
Wireless
Wired
Logic Device
Memory Device
Japan Internet of Things Market by Application
Smart Manufacturing
Building & Automation
Connected Logistics
Smart Energy & Utilities
Agriculture
Smart Mobility & Transportation
Government & Defense
Smart Retail
Connected Healthcare
Others
Japan Internet of Things Market by Network Infrastructure
Storage
Server
Ethernet Switch & Routing
Gateway
Japan Internet of Things Market by Connectivity Technology
Bluetooth Low Energy (BLE)
Wi-fi
Near Field Communication
Cellular
Satellite
Others
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