Japan Enterprise ICT Market Analysis and Future Outlook by Segments (Hardware, Software and IT Services)
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Japan Enterprise ICT Market Overview
The Japan enterprise ICT market size was pegged at over $300 billion in 2022 and is expected to grow at a CAGR of more than 8% during 2022-2027 to reach over $449 billion in 2027. The market growth will be driven by the country’s focus on digital transformation coupled with increasing investments in R&D among businesses and government agencies, which call for the deployment of a range of ICT solutions. Further, Japan’s aging population and the demand for smart solutions in various sectors, including healthcare, BFSI, and infrastructure, are driving the demand for ICT products and services.
Japan Enterprise ICT Market Outlook, 2022-2027 ($ Billion)
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The ‘Japan Enterprise ICT Country Intelligence Report’, a new Country Intelligence Report by GlobalData, summarizes key findings from GlobalData’s ICT Customer Insight Survey carried out in H1-2023 and GlobalData’s Market Opportunity Forecasts to 2027: Japan. It reveals an executive-level overview of how the overall ICT budgets and their allocations towards various segments have changed for enterprises in the country in 2023 compared to 2022 and ICT revenue opportunity with detailed forecasts of key indicators up to 2027. The report provides a detailed analysis of the overall Japan enterprise ICT market trends and growth drivers based on GlobalData’s ICT Customer Insight Survey and GlobalData’s Market Opportunity Forecasts.
The report also discusses the market growth inhibitors impacting Japan’s overall ICT market. It focuses on enterprise ICT budget allocations and ICT revenue opportunities covering 18 solution areas, segmental analysis, vertical analysis, review of key macroeconomic and regulatory trends, and government initiatives. The report also includes a brief profile of some of the key ICT vendors within the country.
Market Size 2022 | >$300 billion |
CAGR | >8% |
Forecast Period | 2022-2027 |
Enterprise ICT Budget Allocation Analysis Period | 2022-2023 |
ICT Segment | Hardware, Software, Services |
ICT Solution Areas | Cloud Computing, IoT, Communications and Collaboration, Client Computing, Consulting & Integration Services, Networking, Business Process Outsourcing, Application Development and Management, Business Process Applications, IT Management, Security, Storage, Data and Analytics, Servers, Data Center & Hosting, Artificial Intelligence, Mobility, Edge Computing |
Key End-use Verticals | Manufacturing, BFSI, Information Technology, Retail and Government |
Enterprise Size Band | Micro (<50), Small (51-250), Medium (251-1,000), Large (1,001-4,999) and Very Large (5,000+) |
Key Digital Transformation Areas | Artificial Intelligence & Machine Learning, Automation/RPA, IoT, Edge Computing and Others |
Enterprise Technology Priorities and Spending Preferences | IoT, Cloud Computing, Consulting & Integration Services, Client Computing, and Business Process Outsourcing |
Companies Mentioned | Microsoft, Soft Bank, Fujitsu, IBM, Accenture, and others |
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Japan Enterprise ICT Revenue Opportunity - Segment Analysis
GlobalData’s survey findings suggest that the enterprise ICT budget allocations across all ‘services’ categories in Japan have increased in 2023 compared to 2022. More than 52% of respondents confirmed an increase in their enterprise ICT budget for overall ‘services’ in 2023 compared to 2022.
According to GlobalData, Japan’s ICT market would see the majority share of its revenue come from the IT services segment over the forecast period. The report also discusses the enterprise ICT revenue opportunity across IT software and IT hardware segments over the forecast period.
- IT Services
- IT Software
- IT Hardware
Japan Enterprise ICT Market Share by Segment, 2022 (%)
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Japan Enterprise ICT Market Segmentation by IT Solution
The Japan enterprise ICT country intelligence report offers ICT revenue market indicators across the following IT services solution areas:
- Cloud Computing Services
- Consulting & Integration Services
- Business Process Outsourcing Services
- Networking Services
- Application Development and Management Services
- Internet of Things (IoT) Services
- Communications and Collaboration Services
- Client Computing Services
- Data Center and Hosting Services
- Security Services
- Storage Services
- Server Services
- Artificial Intelligence (AI) services
- Mobility Services
- Edge Computing Services
Internet of Things is the most attractive market in Japan. The disruption in traditional industries and the rise of technology-enabled products have spurred demand for industry-specific solutions, particularly those leveraging IoT, sensor technologies, AI, and networks. The revenue opportunity for IoT in Japan was pegged at over $47 billion in 2022 and is estimated to grow at a CAGR of more than 12%. These technologies are primarily used across industries, irrespective of company size to enhance business efficiency and reduce costs.
Japan Enterprise ICT Market Share by IT Solution, 2022 (%)
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Japan Enterprise ICT Market Segmentation by Vertical
The manufacturing sector will be the largest independent end-use vertical segment for the ICT market in Japan in terms of revenue contribution, from 2022 to 2027. ICT revenue from the manufacturing sector reached over $35 billion in 2022 and is set to grow at a CAGR of over 8% between 2022 and 2027. The segment is set to account for an 11.9% share of the total cumulative revenue forecasted for the overall ICT market in Japan for 2022-2027.
Japan ICT Market Share by Vertical, 2022 (%)
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Scope
The country intelligence report provides an in-depth analysis of the following –
- The macroeconomic and regulatory context and government initiatives in Japan.
- Enterprise ICT market outlook: Analysis as well as historical figures and forecasts of revenue opportunities from ICT segments, ICT solution areas, end-use verticals, and enterprise size bands.
- Enterprise ICT Budget Allocations – 2022 vs 2023: Overview of survey findings regarding changes in the overall enterprise ICT budget allocations in 2023 compared to the previous year and across ICT segments, ICT solution areas, and existing vs new IT projects.
- Enterprise ICT growth drivers, market trends and challenges
- IT hardware segment revenue and budget allocations outlook: Analysis as well as historical figures and forecasts of revenue opportunities from ICT hardware solution areas and budget allocations by ICT hardware categories.
- IT software segment revenue and budget allocations outlook: Analysis as well as historical figures and forecasts of revenue opportunities from ICT software solution areas and budget allocations by ICT software categories.
- IT services segment revenue and budget allocations outlook: Analysis as well as historical figures and forecasts of revenue opportunities from ICT services solution areas and budget allocations by ICT services categories.
- Enterprise Technology Priorities: Overview of survey findings on enterprise investment priority for key solution areas in current vs next two years.
- Company landscape: Analysis of the market position of leading ICT providers in the Japan market.
- Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.
- The survey was conducted in H1 2023 via an online methodology, with respondents all having ICT decision-making responsibility (typically CIOs and IT Managers). GlobalData plans to repeat the survey in H1 2024, to monitor ICT budget changes on an ongoing basis.
Reasons to Buy
- This Country Intelligence Report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals in Japan and GlobalData’s Market Opportunity Forecasts to 2027, to offer a thorough, forward-looking analysis of Japan’s enterprise ICT investment priorities and ICT revenue opportunity market.
- Accompanying GlobalData’s IT Customer Insight Survey and Market Opportunity Forecasts to 2027, the report examines the assumptions and drivers behind ongoing and upcoming trends in Japan’s enterprise ICT market.
- The report offers a thorough analysis of enterprise ICT investment trends and how it has changed this year compared to the previous year.
- The report also presents an analysis of enterprise ICT budget allocations by various spending areas, business functions, and product/service categories and how they have changed this year compared to previous years.
- The report also presents an analysis of enterprise ICT revenue opportunities by various solution areas, enterprise size bands, end-use verticals, and segments over the forecast period 2022-2027.
- With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides insights in a concise format to help executives build proactive and profitable growth strategies.
- The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision-makers, which enables executives to quickly get up to speed with the current and emerging trends in enterprise ICT investment priorities.
Table of Contents
Frequently asked questions
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How did the overall enterprise ICT budget in Japan change in 2023 compared to 2022?
More than 68% of respondents from Japan claimed that there has been an increase in their enterprise ICT budget for 2022-23 compared to 2021-22.
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What was the Japan enterprise ICT market size in 2022?
The enterprise ICT market size in Japan was valued at over $300 billion in 2022.
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What is the Japan enterprise ICT market growth rate?
The enterprise ICT revenue in Japan is expected to grow at a CAGR of more than 8% during the forecast period 2022-2027.
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What are the key ICT market drivers in Japan?
Society 5.0 initiative that necessitates robust ICT infrastructure along with acceleration in enterprise digital transformation are the key market drivers for the Japan ICT market growth.
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Which was the leading segment in the Japan enterprise ICT market in 2022?
IT services was the leading segment in the Japan enterprise ICT market in 2022.
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Which was the leading IT solution in the Japan enterprise ICT market in 2022?
Internet of Things (IoT) was the leading IT solution in the Japan enterprise ICT market in 2022.
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Which was the leading vertical in the Japan enterprise ICT market in 2022?
Manufacturing was the leading vertical in the Japan enterprise ICT market in 2022.
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Which are the ICT companies mentioned in the Japan enterprise ICT country intelligence report?
The companies mentioned in the Japan enterprise ICT country intelligence report are Microsoft, Soft Bank, Fujitsu, IBM, and Accenture among others.
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