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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