Japan Cloud Computing Market Eyeing a Major Upsurge: Expected to Grow at a CAGR of 21.2% by 2027

Published | 18 October 2021

Japan cloud computing market is growing at a high CAGR because of the increasing investment in IT infrastructure and adoption of cloud computing across the country. Additionally, favorable government initiatives are also driving the market…

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that Japan cloud computing market is estimated to grow at a CAGR of 21.2% during the forecast period of 2021-2027. The Japan cloud computing market is growing at a high rate because of the increasing adoption of advanced technologies like artificial learning (AI), machine learning (ML), internet of things (IoT), etc., growing remote working culture, and the need for remote access of data. Furthermore, cloud service providers in Japan are also investing in expanding their capacities and customizing their services according to the needs of various industries and business sizes, which is likely to drive the Japan cloud computing market during the forecast period. However, privacy concerns and data theft associated with cloud computing may be a major restraining factor for market growth.

Increasing Volume of Data and Business Expansion Is Projected to Drive the Japan Cloud Computing Market

Cloud computing is a cost-effective and reliable solution for businesses that increasingly deal with loads of data, especially small and medium-sized businesses planning expansion. Organizations who are still working with on-premise data storage will need to invest in IT infrastructure, such as servers, at the time of expansion which will need additional cost. Nevertheless, as the number of companies shifting towards cloud computing continues to grow, they only require a larger subscription package depending on their volume of data, which is promoting the adoption of cloud computing and propelling the market growth.

Growing Demand for Hybrid Cloud Computing Services Is Expected to Boost the Japan Cloud Computing Market

Recent advances in cloud computing have led organizations to seek out the most efficient solutions that can be dependable over the long haul. Hybrid cloud computing services is emerging as one such solution as it offers high efficiency and flexibility at lower costs. Hybrid cloud computing provides several other benefits, such as greater agility and innovation and managing multiple vendors and platforms, which makes it attractive to Japanese companies. Therefore, the growing adoption of hybrid cloud computing is likely to drive the overall Japan cloud computing market.

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The BFSI Sector is Favoring the Japan Cloud Computing Market

Based on end-user, the Japan cloud computing market is segmented into BFSI, telecom & IT, media & entertainment, energy & utilities, manufacturing, e-commerce, government & public sector, healthcare, and others. Among these, the BFSI sector accounts for the largest market share because of the increasing demand for online payment applications and the growing penetration of digital payment apps, e-wallets, etc. Furthermore, the increasing popularity of e-commerce and online shopping also contributes to the growth of online bill payment, which tends to be faster and easier.

Impact of COVID-19 on Japan Cloud Computing Market

The unprecedented outbreak of the COVID-19 pandemic brought enormous growth opportunities for the Japan cloud computing market. With the growing need for remote working during the pandemic, companies rapidly shifted towards cloud computing to facilitate and keep their operations going. Furthermore, teleconferencing software applications such as Zoom experienced more than 200% growth in 2020 alone. A variety of cloud computing service providers also started offering subscription-based services monthly or yearly at competitive prices. These factors are likely to boost the Japan cloud computing market in the post-COVID-19 period as well.

Japan Cloud Computing Market: Competitive Landscape

The leading players in the Japan cloud computing market are Alibaba Cloud, Fujitsu, Japan Telecom Cloud, AWS Japan, VMware, Inc., DevSamurai, Cloudian Inc., Rikkeisoft, Azure Japan, Salesforce.com, Inc., and other prominent players.

Japan cloud computing market is highly concentrated, with technology giants such as Alibaba, Fujitsu, etc. Nevertheless, the market is still open to new players that offer advanced cloud services and enhanced security. The companies significantly focus on improving their services and adoption technologies like AI, machine learning (ML), etc. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Don’t miss the business opportunity of the Japan cloud computing market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Japan cloud computing market. Additionally, it identifies the factors driving forecasts of total market size. The report also promises to provide recent technology trends of the Japan cloud computing market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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