Japan Smart City Market, By Component (Communication Infrastructure, Hardware, Software, Services), By Application (Administration, Buildings, Health, Logistics, Others), By City Topography (Developed, Emerging), Estimation & Forecast 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Japan Smart City market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Japan Smart City market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The Japan smart city market held a market value of USD 40,866.6 Million in 2020 and is forecasted to reach USD 93,718.9 Million by the year 2027. The market is anticipated to witness a growth rate of 13.1% over the projected period.
Smart cities make use of information and communication technology for improving operational efficiency, share information with public and provide a better quality of government service and citizen welfare. The market is majorly driven by the increasing need for communication infrastructure and public safety. In addition, increasing government initiatives and PPP models for smart cities is anticipated to contribute to the market growth. Additionally, need of faster communication technology and increasing adoption of robotics in public services are also factors leading to positive influence on the market. However, privacy and security concerns over IoT are expected to restrain the market growth.
Growth Influencers:
Rising requirement of public safety and communication infrastructure
Public safety is a current challenge for different cities around the globe. However, the population in urban areas is growing; smart cities are leveraging novel digital technologies for monitoring and optimising energy and water consumption for creating effective transportation infrastructures, enhancing citizen access to services, and delivering city-wide connectivity required by citizens as well as businesses. For instance, in July 2021, Mishima City signed an agreement with Oracle Japan for various smart city initiatives. These initiatives are expected to benefit local businesses and citizens by solving various key social issues using digital technology. Japan has been experiencing a need for new reforms for solving many regional issues and a need to boost the appeal to potential immigrants & tourists. To address this issue, the country launched the Mishima Smart City Promotion Council in 2020 for promoting the use of data held by private organizations and local government. Therefore, rising requirement of public safety and communication infrastructure are anticipated to boost the market growth.
Need of faster communication technology
Faster communication technology, such as the 5G technology is anticipated to enable a new type of communication network to interconnect everything. This is estimated to impact economies and societies for providing the necessary communication infrastructure required by various smart city applications. Moreover, a smart city application which can be completed using 5G technologies is the intelligent transporting system (ITS). 5G technology has laid a base for building productive industry, smart technology, and innovative ways of communicating. In addition, 5G poses as a communication network for supporting the IoT infrastructure required by various smart city vertical industries. Hence, various applications of 5G technology for enabling many smart city developments are likely to fuel the market growth.
Segments Overview:
The Japan smart city market is segmented into component, application, and city topography.
By Component,
• Communication Infrastructure (Telecom Network)
• Hardware
o Camera
o Sensors/Detectors
o Meters
o Vehicles
o Smart Robots
o Others
• Software
o Cloud (IoT) Platform
– Public
– Private
o Data Management & Analytics
o Cyber Security
o Remote Monitoring
• Services
o Consulting
o System Integration and Deployment
o Support and Maintenance
o Managed Services
The communication infrastructure (telecom network) segment accounted for the largest market share of more than 30% owing to various technological advancements in the sector. The market size of the hardware segment is anticipated to surpass the market size of communication infrastructure (telecom network) by 2022 owing to the growing demand for connected hardware devices. Also, the software segment is estimated to witness the fastest growth rate of about 14.2% over the forecast period owing to growing focus of market players in the segment.
By Application,
• Administration (Smart Governance)
• Buildings
• Commercial (Enterprise)
• Construction
• Education
• Energy
• Environment
• Health
• Homes & Living
• Logistics
• Manufacturing
• Mobility (Transportation)
• Retail
• Safety & Security
• Utilities (Public services)
• Street Lighting
• Waste
• Water
The utilities (public service) segment accounted for the largest market share of more than 12.5% owing to growing number of government initiatives. Many of the government institutes prioritise citizen safety that leads to the market growth. The administration (smart governance) segment is anticipated to grow at the fastest CAGR of about 15.5% as it enables government organizations to improve accountability, transparency, collaboration, security, and citizens’ participation, which positively influences the market growth. The water segment is estimated to hit a market size of about USD 2,431 million by 2027.
By City Topography,
• Developed Economies
o New
o Existing
• Emerging Economies
o New
o Existing
The developed economies segment held the largest market share due to the favorable government initiatives in these economies. These include Tokyo, Yokohama, Kyoto, Osaka, Kobe, and Sapporo, among others. Within the emerging economies segment, new cities segment is likely to witness a CAGR of 14.4%. Emerging economies include Chiba, Fukuoka, Chofu, and Tsukuba, among others.
Competitive Landscape
Key players operating in the Japan smart city market include Thales Group, Nokia Corporation, Qualcomm Technologies Inc., Huawei Technologies Co Ltd, Reliance Jio Infocomm Ltd, Chunghwa Telecom Company Ltd., Telefonica SA, NTT Docomo Inc., CISCO Systems Inc., Verizon Communications Inc., AT&T Inc., GE Company, Telstra Corp Ltd., Orange SA, Vodafone Group Plc, Deutschse Telecom, and Other Major Players.
The cumulative market share of the five major players is near about 35%. These key players are involved in new product launches, collaborations, and mergers & acquisitions to strengthen their market presence. For instance, in January 2021, Orange Bank acquired Anytime, a neobank which focuses on small businesses, professionals, and associations.
The Japan smart city market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the Japan smart city market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The Japan smart city market report answers questions such as:
• What is the market size and forecast of the Japan smart city Market?
• What are the inhibiting factors and impact of COVID-19 on the Japan smart city Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Japan smart city Market?
• What is the competitive strategic window for opportunities in the Japan smart city Market?
• What are the technology trends and regulatory frameworks in the Japan smart city Market?
• What is the market share of the leading players in the Japan smart city Market?
• What modes and strategic moves are considered favorable for entering the Japan smart city Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Japan Smart City Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Japan Smart City market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Japan Smart City Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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