Japan ICT Market Report and Forecast 2024-2032

Japan ICT Market Size

The Japan ICT market attained a value of around USD 336.88 billion in 2023. The market is projected to grow at a CAGR of 8.2% between 2024 and 2032 to reach nearly USD 684.73 billion by 2032.

Japan ICT Market Outlook

• Japan accounts for over 7% of global production of computers and electronic goods.

• Japan’s digital advertising market recorded a y-o-y increase of 32.7% and became the world’s largest in 2021.

• In 2020, video content accounted for 60% of Japan’s content market.

Japan ICT Market Growth

In 2020-21, sales of the telecommunication sector in Japan reached 15.2405 trillion yen, recording a year-on-year growth of 2.5%. The number of fixed-line broadband subscriptions surged by 2.7% year-on-year and reached 48.83 million people. The subscription to ultrafast mobile broadband networks for 5G smartphones reached 45.02 million, and those with broadband and wireless access witnessed a 5.3% surge in their subscription usage. The number of people with mobile communication subscriptions was over 12 times higher than those with fixed communication subscriptions in 2021-22.

In 2021, the number of Japanese radio stations surged by 5.4% and reached 291.98 million. Besides, semiconductor production in Japan recorded a year-on-year growth of 29.6% in 2021 and reached a value of 741.2 billion yen. It exported nearly 9.5-million-yen worth of semiconductors in 2021, with discrete semiconductors constituting the largest share in shipment size.

In Japan, the demand for e-books, videos, and music surged by 18.4% and reached a value of 1.0171 trillion yen. The number of active Facebook users in Japan reached 2.9 billion in January 2022, which was reported to be the highest in the world. The rapid digitalisation of the Japanese economy is expected to prompt a surge in digital payments, which is currently on the same level as Europe.

Japan ICT Industry Segmentation

Japan ICT Market Report and Forecast 2024-2032 provides an in-depth analysis of the different market segments mentioned below:

Market Breakup by Type

• Hardware
  • Network Switches 
  • Routers and WLAN 
  • Servers and Storage 
  • Others 
• Software

• IT and Infrastructure Services

• Telecommunication Services

Market Breakup by Enterprise Size

• Small and Medium Enterprises

• Large Enterprises

Market Breakup by Industry Vertical

• BFSI

• IT and Telecom

• Government

• Retail and E-Commerce

• Manufacturing

• Energy and Utilities

• Others

Japan ICT Market Share

Based on industry vertical, the market is divided into manufacturing, energy and utilities, IT and telecom, government, BFSI, and retail and e-commerce, among others. Over the forecast period of 2024-2032, the BFSI sector is projected to grow at a CAGR of 9.3% as Japan accelerates the adoption of digital payment infrastructure.

Leading Companies in Japan ICT Market

Market players are attempting to develop energy-efficient and high-performance semiconductors, which is driving the market expansion.

• IBM Corp.

• Microsoft Corp.

• Sony Group Corp.

• Fuji Soft Inc.

• NTT Data Group Corp.

• Salesforce Inc.

• Fujitsu Ltd.

• Hitachi Ltd.

• NEC Corp.

• TIS Inc.

• Others

Key Highlights of the Report