Japan Machine Learning Market Size & Outlook, 2023-2030
Japan machine learning market, 2018-2030 (US$M)
Related Markets
Japan machine learning market highlights
- The Japan machine learning market generated a revenue of USD 2,448.7 million in 2023 and is expected to reach USD 36,786.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 47.3% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Machine learning market data book summary
| Market revenue in 2023 | USD 2,448.7 million |
| Market revenue in 2030 | USD 36,786.0 million |
| Growth rate | 47.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Amazon.com Inc, Baidu Inc ADR, Alphabet Inc Class A, Hewlett Packard Enterprise Co, Intel Corp, International Business Machines Corp, Microsoft Corp, SAS, SAP SE |
Other key industry trends
- In terms of revenue, Japan accounted for 4.7% of the global machine learning market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China machine learning market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,602.9 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan machine learning market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to machine learning market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 52.5% in 2023. Horizon Databook has segmented the Japan machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Robotics and AI are the cornerstones of Japan's new growth plan. Japanese firms have long concentrated on the hardware side of robot production, while foreign firms have tended to be more software oriented. To create robots that better meet the needs of consumers, Japanese manufacturers must now adopt a more customer-focused mindset.
The government wants to start a robotics revolution using AI-enabled, intercommunicating robots. The tendency of Japanese companies to establish AI R&D hubs in the United States, such as Toyota and Hitachi, is another development that will eventually lead to the AI market expansion. Toyota plans to employ AI to enhance people's lives (via robots) and its usage in self-driving automobiles.
The local AI market would benefit from this as it will be exposed to new approaches to incorporate AI into products and platforms. Beyond the academic institutions and businesses currently engaged in this subject, artificial intelligence has begun to attract attention in Japan.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan machine learning market , including forecasts for subscribers. This country databook contains high-level insights into Japan machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan machine learning market size, by component, 2018-2030 (US$M)
Japan Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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