According to IMARC Group’s latest report, titled “Japan ICT Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Japan ICT market grew at a CAGR of around 5% during 2015-2020. Looking forward, the market is expected to continue its robust growth during the 2021-2026.
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.
Information and communication technology (ICT) comprises a broad set of technological tools and resources that assist in accessing, retrieving, transmitting, storing, manipulating, and exchanging information. These tools and resources generally include computers, websites, blogs, emails, radio, television, webcasting, podcasting, audio and video players, storage devices, and video conferencing. ICT is employed in the agriculture sector of Japan to facilitate the exchange of knowledge and practical solutions on food security, nutrition, and sustainable farming. It is also gaining traction in the education sector to impart remote learning.
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A significant rise in the shift towards digital and sustainable farming practices represents one of the primary factors influencing the market growth in Japan. ICTs help in providing commodity and stock price information and analysis, meteorological data collection, advisory services to farmers, early warning systems for disaster prevention and control, and financial services, traceability of agricultural products. This, along with the improving bilateral economic relations between Japan and other countries, is anticipated to offer lucrative opportunities to ICTs providers in the country and strengthen the market growth. For instance, India and Japan signed a memorandum of understanding (MoU) in January 2021 to enhance cooperation in the field of ICT.
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List of Key Companies Covered in this Market Report:
- 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
- SCSK Corporation (Sumitomo Corporation)
The report has segmented the market on the basis of spending, technology and region
Breakup by Spending:
- IT Services
- Data Center Systems
Breakup by Technology:
- Big Data
- Cloud Computing
- Content management
Breakup by Region:
- Kyushu (incl. Okinawa)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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