Name: Japan Internet of Things Market By Component, By Software Solution, By Service, By Platform, Node Component, By Application, By Network Infrastructure and By Connectivity Technology - Opportunities &amp; Forecast, 2020-2027
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Japan Internet of Things Market By Component, By Software Solution, By Service, By Platform, Node Component, By Application, By Network Infrastructure and By Connectivity Technology – Opportunities & Forecast, 2020-2027

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Internet of Things is defined as a network of systems, physical objects, platforms and applications which comprises embedded technology for communicating and sharing intelligence with each other, the external environment and with people. It can also be defined as a system of interrelated computing devices, digital and mechanical machines, objects, or people that are provided by unique identifiers along with the ability to transfer the data over a network without any necessity of human-to-human or human-to-computer interaction. The internet of things relies on an entire host of technologies which includes application programming interfaces (API) which connect the devices to the internet, and other major technologies of the internet of things are the predictive analytics, Big Data management tools, machine learning & artificial intelligence along with cloud and radio-frequency identification (RFID).

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The factors which are boositng the growth of Japan internet of things market include the rising government efforts and initiatives for the adoption of internet of things, increasing adoption of the cutting-edge technologies such as internet of things across various sectors, including the telecom industry, transportation management, telemetering, digital signage, data backup among others, along with the increase in the use of internet of things in healthcare owing to the rapid aging and shrinking population in Japan which is leading to growth in the health issue across the country. For instance, the incidences of diabetes are rising in the country, which is leading to the creation of an approach for the management of Type 2 diabetes, which includes a bit of psychology with the internet of things devices. The country is continuously focussing on using high-quality health data and the latest technology for enhancing the lives of the citizens. In addition, increasing investments in the research and development activities along with the growing demand for collaborative robots and enhancing economic growth of the country are also some factors propelling the growth of internet of things market in Japan.

Moreover, The Ministry of Internal Affairs and Communications came up with an ICT strategy named u-Japan policy, that is aiming at the enhancement in the usage of ICT along with upgrading the enabling environment. Through this, the government is focussing on a value-creation oriented society in which ICT penetrates the lives of people and also creating usage of ICT, which further leads to the emergence of new values. The factors restraining the growth of Japan internet of things include concerns regarding the hacking of data from the solutions and concerns for security.

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On the basis of component, the platform is expected to grow at a higher rate in the internet of things market owing to its ability to handle the ongoing management tasks and data visualization which enables the users to automate their environment and are often referred to as the middleware solutions handling different hardware and software communication protocols. It is a type of support software that connects the edge hardware, data networks, and access points to other parts of the value chain. The cloud platform in internet of things brings the capabilities of the internet of things devices and cloud computing, which is delivered as a service over an end-to-end platform.

Based on node component, the sensor in internet of things system is anticipated to increase at a higher rate over the forecast period due to high adoption of this component in the internet of things devices. The communicates with the cloud through some type of connectivity. Once the data moves to cloud, the software processes the data and might decide to perform an action such as either sending an alert or automatically adjusting the sensors without the need of the user. Sensors can be connected to the cloud by various methods which include wifi, bluetooth, cellular, satellite, among others.

On the basis of application, connected healthcare is projected to grow at a higher rate during the forecast period owing to the huge investment in internet of things by the companies which specialize in technology or healthcare. Japan is investing in the integration of IoT in the healthcare industry, owing to the surge in the geriatric population and the rising cases of diabetes among the population. In healthcare, internet of things facilitates the boring though important tasks for enhancing the patient outcomes and also helps in performing tasks such as remote patient monitoring, treatment progress observation and the housing of vaccines, which are all the abilities of medical devices with integrated internet of things which also propels the growth of the market.

Based on network infrastructure, a gateway is expected to increase at a higher rate over the forecast period owing to its ability to provide additional security to the IoT network and the data it transports. It is a type of physical device or a software program which acts as a point of connection between controllers and cloud, sensors, and intelligent devices. All the data which moves to and fro the cloud passes through the gateway that can be a dedicated software program or a hardware appliance. The gateway in IoT can also be referred to as an intelligent gateway or control tier.

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Various notable players operating in the Japan Internet of Things market include Amazon Web Services, Inc., Fujitsu Ltd., Hitachi, IBM Japan, Microsoft Corporation, NTT Docomo Inc., SoftBank Group Corp., Intel Corporation, NTT Data Corporation and Siemens AG among others.

Key Market Developments:

- In 2018, NTT Docomo Inc announced the launch of a global IoT solution named as “Globiot” for offering the connectivity and other related operational consulting and support globally to the Japanese enterprises by the global IoT operations.
- In 2017, SoftBank Corp. collaborated with Vayyar Imaging Ltd. in the field of internet of things and agreed to make the company the channel priority partner for the products of Vayyar in the market of Japan. Through this collaboration in the field of IoT, the companies planned to combine the Vayyar’s products with the IoT platform, big data and AI capabilities of SoftBank and provide state-of-the-art IoT solutions which are not possible by the conventional technologies.

Japan Internet of Things market is categorized on the basis of component, node component, application, network infrastructure and connectivity technology. The component segment is categorized into software solution, services and platform. The software solutions segment is further categorized into data Management, real time streaming analytics, remote monitoring, security solution and network bandwidth management. Services segment is further categorized into professional service and managed service. The professional service is further segmented into deployment & integration, consulting and support & maintenance. The platform segment market is further categorized into device management, cloud platform, network management and application management. Based on node component, the market is segmented into sensor, processor and connectivity IC. Based on application, the market is segmented into smart manufacturing, building & automation, connected logistics, smart energy & utilities, agriculture, smart mobility & transportation, government & defense, smart retail, connected healthcare and others. Based on network infrastructure, the market is segmented into storage, server, ethernet switch & routing and gateway. Based on connectivity technology, the market is segmented into Bluetooth low energy, wi-fi, near field communication, cellular, satellite and others.

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Key questions answered in this research report:

- At what pace is the Japan Internet of Things market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the Japan Internet of Things market? What will be the impact of drivers and restraints in the future?
- What are the various application areas of the Japan Internet of Things market, and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Component, By Software Solution, By Service, By Platform, Node Component, By Application, By Network Infrastructure and By Connectivity Technology
Regional Coverage	Japan
Companies Profiled	Amazon Web Services, Inc., Fujitsu Ltd., Hitachi, IBM Japan, Microsoft Corporation, NTT Docomo Inc., SoftBank Group Corp., Intel Corporation, NTT Data Corporation and Siemens AG
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation: