The value added of ICT and information services in Japan stood at 13.105 trillion Japanese Yens in 2023. Forecasts for the years 2024 through 2028 show a steady increase, reaching 13.623 trillion Japanese Yens by 2028. This reflects an annual growth rate of approximately 0.82% from 2023 to 2028. Year-on-year variations from 2024 to 2025, 2025 to 2026, 2026 to 2027, and 2027 to 2028 are expected to be around 0.8%, 0.78%, 0.77%, and 0.75%, respectively.
Future trends to watch for:
- Adoption of emerging technologies such as AI, IoT, and 5G which may drive further growth.
- Potential policy changes and economic conditions affecting the ICT sector.
- Shifts in consumer behavior towards digital and information services.
- Increased investment in cybersecurity and data protection measures.
- Global economic conditions and their impact on the Japanese ICT market.