Japan: smart city platform market size 2027

The smart city platform market in Japan was valued at approximately 785 billion Japanese yen in fiscal year 2020. It encompassed software services and related sensors necessary for an Internet of Things (IoT) supported municipality. The market was expected to reach a size of more than 1.44 trillion yen by fiscal year 2027.

Value of the smart city platform market in Japan in fiscal year 2020 with a forecast until 2027 (in billion Japanese yen)

Characteristic	Market size in billion Japanese yen
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Release date

December 2021

More information

Region

Japan

Survey time period

fiscal year 2020; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

domestic market

Supplementary notes

*Forecast.

The smart city market includes the total sum of software services that use cloud computing, etc., in order to provide shared functions (person authentication, etc.) across buildings as well as infrastructure management optimizations (guarding, maintenance, cleaning, etc.), and the necessary sensors (cameras, etc.).

100 Japanese yen equal 0.76 U.S. dollars or 0.71 euros as of January 2023.

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