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Japan Smart Cities Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Japan Smart Cities Market – (By Component - Communication Infrastructure (Telecom Network), Hardware, Software, and Services; By Application - Administration (Smart Governance), Buildings, Commercial (Enterprise), Construction, Education, and Others; By City Topography – Developed Economies and Emerging Economies) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 26-Apr-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0422214
    Delivery: 2-4 hours

FREQUENTLY ASKED QUESTIONS

The Smart Cities Market of Japan was valued at US$ 44,851.2 Mn in 2021. 

In May 2020, the Super City Law was enacted in Japan to improve the collaboration between the public and private sectors for the digital transformation of cities. Further, Japan’s national vision for a data-driven, human-centric, next-generation society that uses AI, big data, and IoT is known as Society 5.0. 

The Japan Smart Cities Market is projected to expand at a CAGR of 13.1% during the forecast period. 

The Japan Smart Cities Market is segmented based on component, applications, and city topography.

The market is majorly driven by factors such as rising need for public safety and communication infrastructure, increasing number of government initiatives & PPP models for smart cities, need of faster communication technology and increasing adoption of robotics in public services.

The privacy and security concerns over Internet of Things (IoT) is inhibiting market growth. 

Communication infrastructure dominates the market in 2021.

Increasing environmental concerns and demand for green initiatives are the emerging opportunities for market expansion.

Utilities segment dominates the Japan Smart Cities Market in 2021.

Developed economies are the leading city topography type in the smart cities market of Japan. 

The key players in the Japan Smart Cities Market are Thales Group, Nokia Corporation, Qualcomm Technologies Inc, CISCO Systems Inc., Verizon Communications Inc., and Telstra Corp Ltd. among others.

The key strategies adopted by market players include mergers and acquisitions, partnerships, regional expansion, and new product development.