Japan Cybersecurity Market Size (2024 - 2029)

Japan Cyber Security Market Analysis

The Japan Cybersecurity Market size is estimated at USD 2.03 billion in 2024, and is expected to reach USD 3.55 billion by 2029, growing at a CAGR of 11.89% during the forecast period (2024-2029).

• The increasing usage of software solutions, the Internet, and connected devices across end-user industries in Japan, in line with the country’s priority on developing a digital economy, infrastructural development for high-speed Internet, growth of online banking services, and the demand for cloud-based software, are raising the risk of cyberattacks. This is driving the demand for cybersecurity solutions in the country, which is expected to fuel market growth.
• Cybersecurity is rapidly gaining attention from the government and enterprises in Japan. The increase in the number of cyberattacks on Japanese organizations across a wide range of industries has prompted the country to establish new legislation, strategies, and facilities.
• The rapid growth of scalable IT infrastructure is another significant factor driving Japan's increased need for cybersecurity. Adopting scalable and flexible IT architectures, driven by cloud services and data storage solutions, is becoming increasingly prevalent among organizations.
• The need for qualified and experienced cybersecurity specialists has increased as the digital landscape evolves and cyber threats get more complex. The scarcity of skilled professionals in this field hinders the effective implementation and management of cybersecurity solutions, creating a bottleneck that impacts the overall cybersecurity market in the region.
• Additionally, in the post-pandemic period, the growth of online payments in the country and other online-based business activities raised the risk of breaching network, infrastructure, cloud, and data security by cyberattacks, fueling the demand for cyber security market in the country after the COVID-19 pandemic.

Japan Cyber Security Industry Segmentation

Cybersecurity solutions help organizations detect, monitor, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow in line with the rising internet penetration among developing and developed countries. The need for cybersecurity has increased as every system in today's world is connected to the Internet, making data more accessible to cybercriminals.

The Japanese cybersecurity market is segmented into offering (security type [cloud security, data security, identity access management, network security, consumer security, infrastructure protection, and other security types] and services), deployment (cloud and on-premise), and end user (BFSI, healthcare, manufacturing, government and defense, IT and telecommunication, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.