IT Consulting & Implementation - Japan

Japan

Revenue in the IT Consulting & Implementation market is projected to reach €4.29bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.52%, resulting in a market volume of €5.35bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach €62.06 in 2024.
In global comparison, most revenue will be generated in the United States (€25,240.00m in 2024).

Key regions: Brazil, Netherlands, Spain, Italy, Japan

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Analyst Opinion

The IT Consulting & Implementation market in Japan has been experiencing steady growth in recent years.

Customer preferences: Japanese companies are increasingly turning to IT consulting and implementation services to improve their operational efficiency and gain a competitive edge. With the rise of digital transformation, companies are seeking to adopt new technologies and streamline their business processes. In addition, the COVID-19 pandemic has accelerated the shift towards remote work and online services, driving demand for IT consulting and implementation services.

Trends in the market: One of the key trends in the IT Consulting & Implementation market in Japan is the growing demand for cloud computing solutions. Cloud computing offers numerous benefits, including cost savings, scalability, and flexibility. As a result, many companies in Japan are investing in cloud-based solutions to improve their operations and enhance their competitiveness.Another trend in the market is the increasing demand for cybersecurity services. With the rise of cyber threats and data breaches, companies in Japan are seeking to enhance their security measures and protect their sensitive information. This has led to a growing demand for IT consulting and implementation services that focus on cybersecurity.

Local special circumstances: Japan has a unique business culture that places a strong emphasis on relationships and trust. As a result, many companies prefer to work with IT consulting firms that have a strong reputation and a proven track record of success. In addition, language and cultural barriers can make it challenging for foreign IT consulting firms to enter the Japanese market.

Underlying macroeconomic factors: Japan has a highly developed economy with a strong focus on technology and innovation. The country is home to many leading technology companies, including Sony, Toshiba, and Panasonic. In addition, the Japanese government has been actively promoting the adoption of new technologies, such as artificial intelligence and the Internet of Things. These factors have created a favorable environment for the growth of the IT Consulting & Implementation market in Japan.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us 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 relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

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