According to the latest report by IMARC Group, titled "Japan ICT Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Japan ICT market reached a value of US$ 449.4 Billion in 2021. Information and communications technology (ICT) refers to the infrastructure and components that enable modern computing systems and allow individuals and organizations to interact in the digital world. Additionally, it facilitates the users to access, retrieve, store, transmit, and manipulate information in a digital form. It encompasses various components, such as cloud computing, software, hardware, transactions, communication technology, data and internet access. As a result, it aids enterprises and individuals in handling diverse data and communication types and formats, including broadcast media, telecommunications, audiovisual processing and transmission systems, intelligent building management systems, network-based control, and monitoring functions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Japan ICT Market Trends:
The market in Japan is primarily driven by significant growth in the telecommunication industry. Along with this, the increasing investments by private and public agencies in improving the overall telecommunication infrastructure on account of rapid digitization across the country are creating a positive market outlook. Moreover, the rapid outbreak of coronavirus disease (COVID-19) has impelled multiple businesses as well as the government to implement telework and regulations related to online medical care, which is significantly supporting the uptake of ICT across Japan. Additionally, the rising adoption of remote-controlled machines for manufacturing and construction activities is bolstering the market growth. Furthermore, the growing utilization of ICT solutions across the education industry for improving the efficiency of schoolwork is impacting the market favorably. The market is also driven by continual technological advancements and the integration of artificial intelligence (AI) with ICT solutions. Some of the other factors driving the market include the widespread adoption of cloud-based technologies and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 476.2 Billion by 2027.
- On the basis of the spending, the market has been categorized into devices, software, IT services, data center systems and communication.
- Based on the technology, the market has been classified into IOT, big data, cloud computing, content management and security.
- On the basis of the region, the market has been divided into Kanto, Hokkaido, Tohoku, Chubu, Kinki/Kansai, Chugoku, Shikoku and Kyushu (incl. Okinawa).
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Fujitsu Limited, Hitachi Ltd, IBM Japan Ltd, TIS Inc, ITOCHU Techno-Solutions Corporation (ITOCHU Corporation) , NEC Corporation, Nomura Research Institute Ltd., NTT Communications Corporation (Nippon Telegraph and Telephone Corporation), Panasonic Corporation, Sony Corporation and SCSK Corporation (Sumitomo Corporation).
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