Japan Internet of Things Forecast by Vertical Industry and Use Case, 2020-2024

Japan Internet of Things Forecast by Vertical Industry and Use Case, 2020-2024

  • September 2020 •
  • 47 pages •
  • Report ID: 3720303 •
  • Format: PDF
This IDC study forecasts user spending by industry sector and use case for the Japan IoT market. Various changes are taking place in the external environment of Japan, such as widespread concern about labor shortage, positive business sentiment toward the Tokyo Olympics, and sophistication of analytics tools and artificial intelligence (AI) infrastructure, are supporting the growth of the IoT market. In addition, the system for distributing data is being developed, new service models such as data as a service are being devised, and laws and regulations regarding data handling are being improved. It is expected that the number of companies that are trying to build digital solutions that combine internal and external data to start IoT efforts to acquire the newly needed data will increase. In addition, it is highly possible that the number of companies promoting IoT initiatives with the main purpose of externally providing (sales) the acquired data will increase, which encourages the growth of the market. "The composition of business competition among companies has changed from 'competitors in the same industry' to 'ecosystems formed by companies from different industries.' Although companies must continue to compete with competitors in the same industry, it is important for them to stand against external ecosystems by collaborating with such conventional competitors as necessary, and improving the competitiveness of each company as a whole industry, for example, by coordinating the rationalization of internal operations among multiple companies. Rather than promoting IoT and digital transformation (DX) that are closed only to a specific company, vendors should be prepared for the intensifying competition between ecosystems that is expected to accelerate in the future by consolidating as much as possible the knowledge and know-how, mission-critical systems data, and IoT data within the same industry," says Yuta Torisu, communications senior market analyst, IDC Japan."
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