Japan: municipal smart city market size 2028

The revenue of the municipal smart city market in Japan was projected to reach about 79.9 billion Japanese yen in fiscal year 2024. The growth of the market has been supported by subsidies of the Digital Garden City Nation initiative since the 2022 fiscal year. The initiative, which was put forward by the Japanese government to support the digital integration and transformation of rural and urban areas, grants subsidies based on the condition that services based on data integration platforms are generated. This led to an increase in deployment of such platforms after the 2022 fiscal year. Since it is expected that more and more municipalities will launch smart city projects at a lower cost compared to earlier projects, the market is forecast to grow steadily in the coming years and reach a size of about 87.5 billion yen by fiscal year 2028.

Revenue of the municipal smart city market in Japan from fiscal year 2023 to 2024 with a forecast until 2028 (in billion Japanese yen)

Characteristic	Market size in billion Japanese yen
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Release date

December 2024

More information

Region

Japan

Survey time period

fiscal years 2023 to 2024; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

the market size is based on revenues of companies and excludes smart cities managed by private companies

Supplementary notes

*Projection.
**Forecast.

The market size has been calculated based on the revenues of companies for design, consulting, city OS, data integration platforms, and other various advanced solutions. It excludes smart cities managed by private companies.

100 Japanese yen equal 0.64 U.S. dollars or 0.62 euros as of January 2025.
Values have been rounded.

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