Japan IoT security market size reached around USD 711.57 Million in 2023. The market is projected to grow at a CAGR of 12.80% between 2024 and 2032 to reach nearly USD 2103.78 Million by 2032.
Base Year
Historical Year
Forecast Year
The global production of IT solutions such as cloud has grown annually at a rate of 4%-26% since 2010, with personal digital assistants exhibiting a growth of 6%-20% annually. Japanese organisations, which account for a global share of nearly 6%-7% in the production of IT solutions, besides smart communication equipment, are expected to experience significant growth due to the expansion of AI-based tools, wearable technology, and wireless modules. Japan’s technical expertise in smart sensor production makes it a leading manufacturer of image sensors (69%), temperature sensors (67%), and inertial sensors (34%), among others. This is expected to accelerate the Japan IoT security market development over the forecast period.
As per the International Telecoms Union, nearly 99.5% of all Japanese individuals aged between 15-24 years are referred to as “digital natives”, who have consistently used digital technology for work. Japanese organisations are also focusing on improving internal employee training and creating a more attractive work culture for skilled people to join their organisation. Japan is only behind South Korea, where 99.6% of the working professionals are digital natives. With the greater adoption of digital tools, online training events and workshops are expected to gain traction, thereby increasing the Japan IoT security market value over the forecast period.
Value in USD Million
2024-2032
Japan IoT Security Market Outlook
*this image is indicative*
Increasing adoption of IoT devices; rising threat of cyberattacks; growth of telemedicine; and rapid economic digitalisation are factors favouring the Japan IoT security market growth.
The introduction of new IoT protocols that can remotely patch/ update constrained NB-IoT (NarrowBand IoT) devices without SMS support are driving market expansion.
Outdated legacy systems pose a significant threat to data security due to the absence of adequate protective measures. This is expected to increase the Japan IoT security market revenue.
Rising consumer disposable incomes have increased the demand for unique shopping experiences, thereby driving growth of the retail sector.
Japanese companies are entering into partnerships with leading cybersecurity companies to enhance the resilience of their IoT infrastructure, thereby driving market growth.
OPTAGE is engaged in providing data centre services and network security solutions to a wide range of companies. As a renowned cyber company, NanoLock brings an innovative technology to ensure high-level protection of IoT devices managed by OPTAGE, ensuring regular version upgrades, device alerts, and threat monitoring. This is expected to reduce operational costs for original equipment manufacturers, utilities, and device makers, across Japan, thereby driving Japan IoT security market value.
The EMR’s report titled “Japan IoT Security Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Component
Breakup by Deployment Mode
Breakup by Organization Size
Breakup by Security
Breakup by Industry Vertical
Based on industry vertical, the market is segmented into BFSI, government, healthcare and life sciences, energy and power, and manufacturing, among others. The manufacturing industry is projected to dominate the market, representing 19.8% of the overall market share. Over the forecast period, the demand for IoT security solutions in the energy and power sector is expected to grow at a CAGR of 15.3% because of the shift towards clean energy sources and increasing need to ensure grid stability.
Major players are providing enhanced IoT security management services to retail store owners for optimising their daily operations and increasing consumer footfall, thereby driving Japan IoT security market expansion.
Broadcom Inc. was founded in the 1960s and is headquartered in California, United States. It is a semiconductor manufacturing company which specialises in providing Bluetooth solutions, knowledge-based processors, network infrastructure, and software, among other technological solutions.
AT&T Inc. was formed in 2005 and is headquartered in Texas, United States. As per Japan IoT security market an...
Thales S.A. (Gemalto) was founded in June 2006 and is headquartered in Paris, France. It is a leading provider...
Palo Alto Networks Inc. was founded in March 2005 and is headquartered in California, United States. It is a l...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the Japan IoT security market report are IBM Corporation, Cisco Systems Inc., Intel Corp., HP Inc., Trend Micro Inc., Infineon Technologies AG, and Sophos Ltd., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market reached an approximate value of USD 711.57 Million.
The market is projected to grow at a CAGR of 12.80% between 2024 and 2032.
The different components of IoT security in the market are solutions and services.
The different segments considered in the Japan IoT security market report are on-premises and cloud.
The different sizes of organizations using IoT security in Japan are large enterprises, and small and medium enterprises.
The different segments considered in the market report are network security, cloud security, end point security, and application security, among others.
Key players in the market are IBM Corporation, Cisco Systems Inc., Broadcom Inc., Intel Corp., HP Inc., Trend Micro Inc., AT&T Inc., Infineon Technologies AG, Palo Alto Networks Inc., Thales S.A. (Gemalto), and Sophos Ltd., among others.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2103.78 Million by 2032.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
|
| Breakup by Offering |
|
| Breakup by Deployment Mode |
|
| Breakup by Organisation Size |
|
| Breakup by Security |
|
| Breakup by Industry Vertical |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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