Japan IoT Security Forecast, 2020-2024

Japan IoT Security Forecast, 2020−2024

This study analyzes and provides forecast for the Japan IoT security product market from 2020 to 2024, taking into account the impact and outlook of the novel corona virus (COVID-19) pandemic as of the end of March 2020. As many incidents, such as damage due to ransomware in IT systems, leakage of personal information, and disruption of services due to distributed denial of service (DDoS) attacks because of unsecured IoT devices, continue to occur, the security measures and response during such incidents can affect the management and activities of businesses and organizations. IT and operational technology (OT) personnel need to put their best foot forward and deepen their mutual understanding as well as recognize the security risks associated with OT and the need for countermeasures with regard to operational technology security."IoT devices/IIoT sensors are designed and developed with security in mind. It will be an effective approach for IoT suppliers to implement security measures by collaborating with users. On the other hand, it is necessary for IoT users to comply with regulations and guidelines regarding handling the data that is obtained from devices and sensors. Apart from security measures, it is also important to consider compliance and data governance," says Kenichi Akama, research manager, Software and Security, IDC Japan.

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
ADVICE FOR TECHNOLOGY SUPPLIERS
Market Forecast
Japan IoT Security Product Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Impact of Cloud Service Safety Evaluation System
Enforcement of the Revised Personal Information Protection Act
Changes in Security Threats
Inhibitors
Impact of the COVID-19 Pandemic on Enterprise Production Activities
Decelerated Investment in New Markets by Leveraging Existing Security Technologies
Significant Market Developments
Persistent Damage to IoT Devices and Device Authentication System
Fusion of IT and OT
Changes from Prior Forecast
Market Definition
Internet of Things Security Product Market
Methodology
Computation of Revenue
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