Japan IoT Security Forecast Update, 2020-2024

Japan IoT Security Forecast Update, 2020−2024

This study analyzes and forecasts the Japan IoT security product market from 2020 to 2024 after taking into consideration the impact and outlook of the new coronavirus (COVID-19) pandemic as of the end of August 2020. Numerous incidents, such as damage caused by ransomware in IT systems, leakage of personal information, and service interruptions due to distributed denial of service (DDoS) attacks using IoT devices, are occurring continuously, and security measures as well as responses when incidents arise may affect the management and activities of companies and organizations. It is vital for IT personnel and operational technology (OT) personnel to compromise and deepen mutual understanding regarding OT security and recognize the security risks for OT and the need for countermeasures at the same level."In principle, IoT devices and industrial Internet of Things sensors are designed and developed with security in mind, and it is effective for IoT suppliers to implement security measures in collaboration with users. IoT users must comply with regulations and guidelines regarding the handling of data collected by devices and sensors. In other words, it is vital for them to not only consider the security risks but also the compliance and data governance," says Kenichi Akama, research manager, Software and Security manager, 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
Impact of Cloud Service Safety Evaluation System
Enforcement of the Revised Personal Information Protection Law
Changes in Security Threats
Impact of COVID-19 on Corporate Production Activities
Decelerated Investment in New Markets due to Existing Security Technology Utilization
Significant Market Developments
Nonstop IoT Device Damage and Device Certification System
Fusion of IT and OT
Changes from Prior Forecast
Market Definition
IoT Security Product Market Definition
Calculation Method for Revenue
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