The smart city platform market in Japan, emcompassing software, hardware and services to provide a foundation for an internet of things (IoT) supported municipality, was valued at approximately 699 billion Japanese yen in fiscal year 2017. The market was expected to grow in the future, reaching around 1.12 trillion Japanese yen in fiscal 2024.
Value of the smart city platform market in Japan from fiscal year 2017 to 2024
(in trillion Japanese yen)
fiscal year 2017; the Japanese fiscal year starts April 1 of the stated year and ends March 31 of the following year
Supplementary notes
*Estimate based on the market size as of July 2018.
**Forecast.
The smart city market includes the total sum of sensors (cameras etc.), software and services using cloud services to provide infrastructure management optimizations (maintenance, guarding, cleaning etc.) and common functions (person authentification etc.) across buildings within a municipality.
1 Japanese yen equals 0.0092 U.S. dollars or 0.0082 euros as of July 2019.
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Nomura Research Institute. (December 6, 2018). Value of the smart city platform market in Japan from fiscal year 2017 to 2024 (in trillion Japanese yen) [Graph]. In Statista. Retrieved February 18, 2020, from https://www.statista.com/statistics/1026291/japan-smart-city-platform-market-size/
Nomura Research Institute. "Value of the smart city platform market in Japan from fiscal year 2017 to 2024 (in trillion Japanese yen)." Chart. December 6, 2018. Statista. Accessed February 18, 2020. https://www.statista.com/statistics/1026291/japan-smart-city-platform-market-size/
Nomura Research Institute. (2018). Value of the smart city platform market in Japan from fiscal year 2017 to 2024 (in trillion Japanese yen). Statista. Statista Inc.. Accessed: February 18, 2020. https://www.statista.com/statistics/1026291/japan-smart-city-platform-market-size/
Nomura Research Institute. "Value of The Smart City Platform Market in Japan from Fiscal Year 2017 to 2024 (in Trillion Japanese Yen)." Statista, Statista Inc., 6 Dec 2018, https://www.statista.com/statistics/1026291/japan-smart-city-platform-market-size/
Nomura Research Institute, Value of the smart city platform market in Japan from fiscal year 2017 to 2024 (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1026291/japan-smart-city-platform-market-size/ (last visited February 18, 2020)
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