Japan Cybersecurity Market Value By Component (Hardware, Software, Services), By Security (Endpoint Security, Network Security, Cloud Security, Application Security, Infrastructure Protection, Data Security), By Deployment Mode (Cloud and On-Premises) - Industry Share, Statistics & Forecast, 2023 - 2032

Market Overview:

Japan Cybersecurity Market size surpassed USD 7.89 Billion in 2022 and is projected to expand at 8.9% CAGR from 2023 to 2032. By the end of the forecast period, the industry is expected to reach USD 16.1 Billion.

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The Japan cybersecurity market is a rapidly growing sector that focuses on protecting computer systems, networks, and data from unauthorized access, attacks, and vulnerabilities. As one of the world's leading technology-driven economies, Japan recognizes the critical importance of cybersecurity in safeguarding its infrastructure, businesses, and citizens from cyber threats. The growth can be attributed to the increasing frequency and sophistication of cyber attacks, along with the rising adoption of digital technologies across various sectors.

The Japanese government has recognized the importance of cybersecurity and has taken proactive measures to enhance the country's cyber defenses. In 2015, the Japanese government established the Cybersecurity Strategy Headquarters to oversee cybersecurity policies and initiatives. It has also implemented regulations such as the Act on the Protection of Personal Information (APPI) and the Basic Act on Cybersecurity to ensure data protection and promote cybersecurity best practices.

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Growth Drivers:

• Increasing Cyber Threat Landscape: The escalating frequency and sophistication of cyber attacks pose a significant risk to businesses, government organizations, and individuals. The growing number of high-profile cyber incidents and data breaches has raised awareness about the importance of cybersecurity, prompting organizations to invest in robust security measures.
   
• Industry-Specific Requirements: Different sectors in Japan, such as finance, healthcare, manufacturing, and government, have unique cybersecurity requirements. Financial institutions, for instance, need robust security measures to protect customer financial data and prevent fraud. Healthcare organizations require safeguards to protect patient information. As industries become more aware of sector-specific risks, they invest in cybersecurity solutions tailored to their needs, driving market growth.
   
• International Cooperation and Collaboration: Cyber threats are transnational in nature, requiring international cooperation and collaboration to combat them effectively. Japan actively engages in global cybersecurity initiatives and collaborates with international partners to share threat intelligence, best practices, and technologies. This collaboration drives innovation and knowledge exchange, contributing to the growth of the cybersecurity market.

Restraining Factors:

• Complexity of Regulatory Compliance: The regulatory landscape in Japan is complex, with various laws and regulations pertaining to data protection, privacy, and cybersecurity. Ensuring compliance with these regulations can be challenging for organizations, particularly those operating in multiple jurisdictions or across different sectors. The complexity of regulatory compliance requires significant effort and resources, potentially diverting attention and resources from other cybersecurity initiatives.

By Component Synopsys:   

The Japan cybersecurity market can be segmented into three main segments: hardware, software, and services. Among these segments, the services segment is projected to hold the largest share of the Japan cybersecurity market over the forecast period. The demand for cybersecurity services, including managed security services and consulting, has been on the rise as organizations seek comprehensive and specialized support to protect against evolving cyber threats. The services segment of the Japan cybersecurity market covers a wide range of professional services offered by cybersecurity service providers. This segment includes managed security services (MSS), security consulting, risk assessment and management, incident response services, security training and education, and compliance services. Managed security services, in particular, have gained significant traction, allowing organizations to outsource their cybersecurity operations to specialized service providers. These providers offer continuous monitoring, threat detection, incident response, vulnerability management, and other security services.

Key Development:

• In July 2022, An AI-based cyber security platform was unveiled by Kawasaki Kisen Kaisha, Ltd. (K Line). To enhance the cyber security ship-shore communication in the ships that the firm runs, the company installed Cybereason, a product of Cybereason Japan Corp., and implemented the company's monitoring and analysis service, Cybereason MDR (Managed Detection & Response).

Top companies includes in the Japan cybersecurity market:

• Trend Micro Inc. 
• Spider AF Ltd.
• IBM Corporation 
• Cyber Security Cloud, Inc.
• Digital Arts Inc.
• Caulis Inc.
• LAC Co. Ltd.
• Cyber Reason Japan Corporation
• Internet Initiative Japan, Inc. 
• SCSK Corporation 
• Sumo Logic, Inc. 
• Secureworks, Inc.
• Cisco Systems Inc.
• NEC Corporation 
• Underwriters Laboratories
• Keychain 
• Bankguard 
• Other Players

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In-depth analysis of cybersecurity market along with industry coverage and forecasting for the following segments:

Market Size, By Component

• Hardware
• Software
• Services

Market Size, By Security

• Endpoint Security 
• Network Security 
• Cloud Security 
• Application Security 
• Infrastructure Protection
• Data Security 
• Others

Market Size, By Deployment Mode

• Cloud  
• On-Premises

Market Size, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America