Growth opportunities in the Japan IoT Market look promising over the next six years. This is mainly due to the growth in health issues and their capability to transfer the data over a network without any necessity of human intervention.
Japan IoT Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the prominent drivers proliferating the growth of the Japan Internet of Things Market include the augmenting attempts and strategies by the government to promote its implementation, mounting acquisition of cutting edge technologies across several sectors, which include transportation management, digital signage, telemetering, data backup and telecom coupled with it increasing employment in the healthcare industry led by the fast aging and compressing population. For instance, the growing cases of diabetes have resulted in the creation of an approach to manage Type 2 diabetes, which includes a bit of psychology incorporated with the devices of the internet of things. In addition, the nation is largely emphasizing the usage of better-quality health data and modernistic technology to enhance the lives of the citizens. Moreover, the intensifying investments in the research and development activities accompanied by the escalating demand for interactive robots and expanding economic growth will further strengthen the Internet of Things market size.
Furthermore, The Ministry of Internal Affairs and Communications introduced an ICT strategy named u-Japan policy that aimed to improve the execution of ICT along with the up-gradation of empowering environment. Through this, the government is accentuating a value-creation-oriented society in which ICT comprehends the lives of people and also encouraging the use of ICT, which evolves new values. However, the apprehension concerned with the hacking of data from the solutions and safety concerns is projected to hamper the market growth.
Application Segment Drivers
On the basis of application, connected healthcare is expected to witness a faster CAGR over the forecast period. This is primarily attributed to the robust investment in the internet of things by the leading companies to specialize in technology. In addition, the regions are increasingly investing in the application of IoT in the healthcare industry because of the acceleration in the geriatric population and the aggravating incidences of diabetes among the population. Also, it allows the execution of the boring though important tasks for improving the patient outcomes and helps to perform a task, including distant supervision of patients, treatment progress observation, and the housing of vaccine, thereby bolstering the market growth.
Japan IoT Market’s leading Manufacturers:
- NTT Data Corporation
- SoftBank Group Corp.
- Microsoft Corporation
- Hitachi
- Amazon Web Services, Inc.
- Siemens AG
- Intel Corporation
- NTT Docomo Inc.
- IBM Japan
- Fujitsu Ltd.
Japan IoT Market Segmentation:
Segmentation 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
Segmentation 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
Segmentation by Application
- Smart Manufacturing
- Building & Automation
- Connected Logistics
- Smart Energy & Utilities
- Agriculture
- Smart Mobility & Transportation
- Government & Defense
- Smart Retail
- Connected Healthcare
- Others
Segmentation by Network Infrastructure
- Storage
- Server
- Ethernet Switch & Routing
- Gateway
Segmentation by Connectivity Technology
- Bluetooth Low Energy (BLE)
- Wi-fi
- Near Field Communication
- Cellular
- Satellite
- Others
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