Market Insights Technology Cybersecurity Cyber Solutions

Cloud Security - Japan

Japan

The Cloud Security market in Japan is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is set to reach ¥US$80.70m in 2024.
Furthermore, it is anticipated that the market will demonstrate a Compound Annual Growth Rate (CAGR) of 25.91% between 2024 and 2029, resulting in a market volume of ¥US$255.40m by 2029.
When it comes to the average Spend per Employee in the Cloud Security market, it is estimated to reach ¥US$1.17 in 2024.
This indicates the amount of investment companies are willing to allocate per employee for cloud security services.
In terms of global comparison, United States is expected to generate the highest revenue in the Cloud Security market, projected to reach ¥US$869.2m in 2024.
This highlights the dominance of the United States in this market segment.
Overall, these numbers demonstrate the potential growth and importance of the Cloud Security market in Japan, as well as the global landscape in which United States plays a significant role.
"The demand for cloud security solutions in Japan is rapidly increasing due to the country's strong focus on data protection and privacy regulations."

Key regions: Canada, Chile, Brazil, Spain, Germany

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.