Japan Cybersecurity Market

Japan Cybersecurity Market Highlights

The Japan cybersecurity market is expected to cross a value of USD 5.06 billion by the end of 2032. The market was valued at USD 1.06 billion in 2023 and is expected to expand at a CAGR of 12.6% between 2024-2032.

• Over the mid-term, the growing concern for cyber threats is the primary factor anticipated to drive the Japan cybersecurity market.
• The high implementation cost is a major factor to challenge the market growth.

Japan Cybersecurity Market Outlook

The practice of protecting computer systems, networks, devices, and data from unauthorized access, cyberattacks, theft, damage, and any other form of malicious activity is known as cybersecurity. These measures include a range of techniques, technologies, processes, and practices that safeguard the digital information.

According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the Japan cybersecurity market is the growing concern for cyber threats. Our researchers have found that the nation witnessed close to 225 cyber incidents in the year 2022, an increase by around 80 cases from the previous year. With this growing frequency and sophistication of cyberattacks in the nation, along with the increased public and government awareness for the importance of cybersecurity, is expected to drive the demand for cybersecurity solutions, and in turn, contribute to the market growth. IBM Corporation, Cisco Systems Inc, Dell Technologies Inc., are some of the significant parties in the market for Japan cybersecurity.

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Japan Cybersecurity Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the Japan cybersecurity market are:

• Increasing Focus of Japanese Government on Imposing Stringent Standards: The Japanese government had been developing stringent regulations and compliance standards to comply with international standards. The government approved a cabinet decision on December 16th, 2022, for security-related strategic documents, namely, National Security Strategy (NSS), National Defense Strategy (NDS), and Defense Buildup Program (DBP). The government also made two significant changes in the cyber area of the new NSS, i.e., the development of a posture for information warfare, along with the introduction of active cyber defense in cybersecurity. These changes in the regulatory landscape is expected to drive the demand for cybersecurity solutions that would help businesses meet these compliance requirements.
• Surge in Adoption of Cloud Computing and IoT: The Japanese government is increasingly working towards adopting Society 5.0, which is a step forward taken to the existing Industry 4.0 concept. The Society 5.0 concept fuses cyberspace and physical space through transformation into a sustainable and resilient society. As this concept requires adopting cloud computing and internet of things (IoT) technologies, hence, businesses in Japan are moving ahead in adopting these advanced technologies. However, as these new technologies introduce several types of vulnerabilities, hence, the need for robust cybersecurity measures among businesses is expected to increase, thereby contributing to the expansion of the market.

Which Probable Factors Could Hamper the Growing Japan Cybersecurity Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of Japan cybersecurity are:

• High Implementation Costs: The implementation costs of cybersecurity solutions are usually very high. As a result, small and medium-sized enterprises (SMEs) face limitations in allocating sufficient financial resources for these solutions, which is projected to hinder the market growth.
• Lack of Availability of Trained Professionals: The unavailability of skilled professionals to handle and operate cybersecurity solutions is also expected to restrict the market growth during the forecast period.

How is the Japan Cybersecurity Market Segmented?

Our experts at KD Market Insights have segmented the Japan cybersecurity market as:

Which Key Players Top the Japan Cybersecurity Market Share?

As per our analysts at KD Market Insights, the competitive landscape of Japan cybersecurity market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Japan cybersecurity 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 cybersecurity market share:

• IBM Corporation
• Cisco Systems Inc
• Dell Technologies Inc.
• Fortinet Inc.
• Intel Security (Intel Corporation)
• F5 Networks, Inc.
• AVG Technologies
• FireEye Inc.
• Fujitsu

What are the Recent Developments Observed in the Japan Cybersecurity Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with Japan cybersecurity 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, Microsoft Corporation stated that it would invest USD 2.9 billion in Japan to boost the AI capabilities and enhance cybersecurity defenses in the nation.

Further, Trend Micro Co., Ltd. shared that it has partnered with Hagiwara Techno Solutions Co., Ltd. in Japan to work together on reducing cybersecurity risks in the manufacturing industry.