Japan Internet of Things Forecast by Vertical Industry and Technology, 2024-2028

Description

This IDC study provides a forecast of user spending and delves into market trends and prospects for the Japan IoT market by industry sector and by technology. Between 2024 and 2028, the domestic IoT market is expected to see an increased adoption of IoT in the logistics, construction, and medical fields because of the worsening labor shortage caused by a declining working population and stricter labor regulations. The main use cases in logistics, healthcare, and construction include smart warehouse management to improve logistics efficiency, construction asset management to improve the efficiency of construction work, and in-hospital clinical care in the healthcare field. On the other hand, in response to the rise in cybersecurity risks, the Ministry of Economy, Trade and Industry is taking the lead in establishing the " IoT Product Security Conformity Assessment Scheme," but this could temporarily hinder the growth of the IoT market as vendors will need time to respond.Yoriyuki Yamashita, research manager of Infrastructure and Devices at IDC Japan, says, " The growth of the domestic IoT market is influenced by several factors. These include significant labor shortages in industries such as logistics, construction, and healthcare, the spread of new technologies and solutions such as smart maintenance and connected cars, and a certification system that will be established by government to address cybersecurity risks. IT suppliers should be quick to seize the market opportunities brought about by these technological and institutional changes."This is the English translation of the Japanese document IDC #JPJ50701224.

Product Code: JPE50868524

IDC Market Forecast Figure

EXECUTIVE SUMMARY

ADVICE FOR TECHNOLOGY SUPPLIERS

MARKET FORECAST

Japan IoT Market Forecast
- Considerations by Industry Sector/Industry Field/Use Case
- Technology-Specific Considerations
Japan IoT Market Forecast: Manufacturing and Resources Sector
- Observations by Industry Sector/Use Case
  - Discrete and Process Manufacturing
  - Construction
  - Resource Industries
- Technology-Specific Considerations
Japan IoT Market Forecast: Distribution and Services Sector
- Observations by Industry Sector/Use Case
  - Transportation
  - Retail
- Technology-Specific Considerations
Japan IoT Market Forecast: Public, Infrastructure, and Finance Sector
- Observations by Industry Sector/Use Case
  - Government Agencies
  - Healthcare Provider
  - Utilities
  - Insurance
- Technology-Specific Considerations

MARKET CONTEXT

Drivers and Inhibitors
- Drivers
  - A Worsening Labor Shortage Due to a Decline in the Working Population and Stricter Labor Regulations
  - Increasing Government Policies to Support the Expansion of the IoT Market
- Inhibitors
  - Implementing Policies to Address Growing Cybersecurity Risks
Significant Market Developments
- Expanding the Market for Smart Maintenance
- Expansion of the Connected Car Market
- Expanding Government Initiatives to Resolve Issues in IoT Security and Logistics and Promote Digital Transformation
Changes from Prior Forecast

Market Definition

IoT Definition
Definitions of Industry Sector Classifications (All Three Sectors)
- (1) Industrial Sectors That Fall Under the Manufacturing/Resources Sector
- (2) Industrial Fields That Fall Under the Distribution/Service Sector
- (3) Industrial Sectors That Fall Under the Public/Infrastructure/Financial Sector
Industry Segments and Use Cases that Make Up the IoT Market
- (1) Assembly Manufacturing, (2) Process Manufacturing
- (3) Construction/Civil Engineering
- (4) Resources
- (5) Transportation
- (6) Retail
- (7) Wholesale
- (8) Professional Services
- (9) Services for Individuals
- (10) Media
- (11) Government Agencies
- (12) Medical Care
- (13) Public/Public Interest
- (14) Communications
- (15) Banks
- (16) Insurance
- (17) Education
- (18) Securities and Investment Services
Technologies Comprising the IoT Market
Definition of Technology Group Classification (Four Groups in Total)
- (1) Technology Elements That Fall Under the Hardware Group
- (2) Technology Elements That Fall Under the Connectivity Group
- (3) Technology Elements That Fall Under the Software Group
- (4) Technology Elements That Fall Under the Service Group
Definition of Technical Element Classification (11 Elements in Total)
- (1) Sensor/Module
- (2) Security HW/Other HW
- (3) Servers, (4) Storage
- (5) Connectivity
- (6) Application SW
- (7) Security SW/Other SW
- (8) Analytics SW
- (9) IoT Platform
- (10) Installation Services; (11) Operation Services