Japan Internet of Things Forecast by Vertical Industry and Use Case, 2017–2021
This IDC study forecasts user spending in the Japan IoT market by industry segment and by use case. Strong growth in the Japan IoT market is driven by improved business sentiment stemming from the 2020 Tokyo Olympics, lower technology and cost barriers to IoT utilization, and changes in laws and support measures involving IoT. Nevertheless, for vendors to sustain their growth in the IoT business well after the 2020 Tokyo Olympics, they should address the rising social issues and launch new use cases. To achieve that, they must actively develop new industry segments and ally themselves with new companies. "Today, it is possible for companies to transform themselves into IoT-based service providers that operate IT mainly on the 3rd Platform. In other words, 'digital transformation' (DX) is now possible. As companies provide valuable services to end users through DX that is taking place in the IoT segment, IT vendors must not passively meet the requirements set forth by companies, rather they must proactively propose business models," says Yuta Torisu, senior communications market analyst, IDC Japan.
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