Japan Artificial Intelligence Market
Japan Artificial Intelligence Market Trend, Opportunity, and Forecast Analysis, 2024-2033
Japan Artificial Intelligence Market is segmented by Solution, Technology, and by Industry Verticals. KDMI analyst’s growth analysis foresees market revenue to cross USD 32.96 Billion by 2033 by growing with a CAGR of 21.56% during 2024-2033.
Japan Artificial Intelligence Market Highlights
The Japan Artificial Intelligence market is expected to cross a market size of USD 32.96 Billion by the end of 2033. The market size was valued at USD 4.72 Billion in 2023 and is expected to expand at a CAGR of 21.56% between 2024-2033.
- Over the mid-term, the ageing population and labor shortages is the primary factor anticipated to drive the Japan Artificial Intelligence market.
- Stern regulations concerning data privacy and security is a major factor to challenge the market growth.
Japan Artificial Intelligence Market: Report Scope |
|
Base Year |
2023 |
Base Year Market Size |
USD 4.72 Billion |
Forecast Year |
2024-2033 |
Forecast Year Market Size |
USD 32.96 Billion |
CAGR Value |
21.56% |
Japan Artificial Intelligence Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Japan Artificial Intelligence Market Segmentation |
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Japan Artificial Intelligence Market Key Players |
NEC, Moneytree, Softbank Robotics, Tier 4, Abeja, Ispace, Preferred Networks, Mynd Corporation, Posen, Cogent Labs, Mujin, Autify, TENTIAL, and COMTURE, and others. |
Japan Artificial Intelligence Market Outlook
Artificial intelligence, is a branch of computer science that develops machine systems capable of demonstrating behaviors linked to human intelligence. Artificial Intelligence or AI is a technology that enables computers and machines to stimulate human intelligence and problem solving. Artificial intelligence technology is used for a wide range of applications, including in web development, such as automated chatbots for customer service, product recommendations based on a user’s habits, speech recognition, and even to build a website from scratch.
The rapidly aging population of Japan and weakening workforce have created robust demand for AI-powered automation and productivity solutions, especially in sectors like healthcare, transportation, and manufacturing. AI can automate tasks, assist with patient care, and personalize support for the elderly which enhances the need of it. For instance, memory loss and cognitive decline are common challenges among older adults. AI applications can assist with cognitive support, memory enhancement, and mental stimulation. Additionally, AI-driven social robots can alleviate loneliness and isolation among seniors by offering companionship, reminding them of medication schedules, and facilitating communication with loved ones through video calls. NEC, Moneytree, Softbank Robotics, and Tier 4 are some of the significant parties in the market for Japan Artificial Intelligence.
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Japan Artificial Intelligence Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the Japan Artificial Intelligence market are:
- Investment, and assistance provided by Government: The government of Japan is actively supporting AI development through initiatives like the AI Japan Strategy, investing heavily in R&D which aims to position Japan as a leader in AI by 2030. thereby bolstering the growth of the market For instance, the Japanese government plans to subsidize a significant portion of the costs for building AI supercomputers, which will facilitate AI adoption, enhance workforce skills, support Japanese language model development and bolster resilience against natural disasters and climate change.
- Collaboration between Industry and Academia: Japan, since 2022 encouraged collaboration between academia, industry, and government bodies which has proved crucial for advancing AI technologies and applications. For instance, Hitachi in a joint project with researchers at Tohoku University has developed AI-based software capable of backing up its decisions with facts, background, and context.
Which Probable Factors Could Hamper the Growing Japan Artificial Intelligence Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of Japan Artificial Intelligence are:
- Stern regulations: Japan has stringent regulations concerning data privacy and security, such as the Act on the Protection of Personal Information (APPI). Compliance with these regulations poses challenges for AI developers and businesses utilizing AI, especially in terms of data collection, storage, and processing. Strict adherence to these laws can limit the scope and speed of AI deployment.
- Lack of Skilled AI Professionals: Japan faces a shortage of experienced AI talent despite having strong technological infrastructure. There is a growing demand for AI engineers, data scientists, and AI specialists, but the supply of adequately trained professionals remains insufficient. This skills gap hampers the rapid development and implementation of AI technologies across industries.
How is the Japan Artificial Intelligence Market Segmented?
Our experts at KD Market Insights have segmented the Japan Artificial Intelligence market research report as:
By Solution |
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By Technology |
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By Industry Verticals |
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Which Key Players Top the Japan Artificial Intelligence Market Share?
As per our analysts at KD Market Insights, the competitive landscape of Japan Artificial Intelligence market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Japan Artificial Intelligence market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the Japan Artificial Intelligence market share:
- NEC
- Moneytree
- Softbank Robotics
- Tier 4
- Abeja
- Ispace
- Preferred Networks
- Mynd Corporation
- Posen
- Cogent Labs
- Mujin
- Autify
- TENTIAL
- COMTURE
What are the Recent Developments Observed in the Japan Artificial Intelligence Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with Japan Artificial Intelligence market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, Hirokazu Matsuno, the Chief Cabinet Secretary, stated that Japan would consider incorporating artificial intelligence (AI) technology, such as OpenAI's ChatGPT chatbot, into government systems if privacy and cybersecurity concerns were addressed.
Further, Mitsui & Co., Ltd., one of Japan's largest business conglomerates, is collaborating with NVIDIA on Tokyo-1, an initiative to provide high-resolution molecular dynamics simulations and generative AI models for drug discovery to the country's pharmaceutical leaders. Customers will be able to use NVIDIA DGX H100 nodes for molecular dynamics simulations, large language model training, quantum chemistry, generative AI models that generate novel molecular structures for potential drugs, and other applications.
- Executive Summary
- Market Overview
- Key Findings
- Market Trends
- Market Outlook
- Introduction
- Scope of the Report
- Research Methodology
- Definitions and Assumptions
- Acronyms and Abbreviations
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Japan Artificial Intelligence Market
- Market Overview
- Market Size and Forecast
- Market Segmentation
- By Solution
- By Technology
- By Industry Verticals
- Market Segmentation by Solution
- Hardware
- Software
- Services
- Market Segmentation by Technology
- Deep Learning
- Machine Learning
- Natural Language Processing (NLP)
- Machine Vision
- Others
- Market Segmentation by Industry Verticcals
- Automotive & Transportation
- Agriculture
- Manufacturing
- Government
- Retail
- Advertising & Media
- BFSI
- Healthcare
- Energy and Utilities
- Others
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- NEC
- Moneytree
- Softbank Robotics
- Tier 4
- Abeja
- Ispace
- Preferred Networks
- Mynd Corporation
- Posen
- Cogent Labs
- Mujin
- Autify
- TENTIAL
- COMTURE
- Strategic Recommendations
- Appendix
- List of Tables
- List of Figures
- References
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Request for Customized Report- Publication date: 2nd July 2024
- Base year: 2022
- Forecast year: 2023-2033
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