Potential of the Conference Room Solution Industry in Japan from 2023 to 2033
The conference room solution landscape in Japan is on a path of significant growth, with a projected robust CAGR of 20.1% through 2033, particularly in the Kanto and Chubu regions.The demand for conference room solution has evolved into a mainstream industry in Japan, and this trajectory is set to drive the sector to an estimated valuation of US$ 114.1 million in 2023. With a promising outlook and consumers' growing reliance on online shopping platforms, the projected demand for conference room solution in Japan is expected to reach US$ 707.2 million by 2033.
Attributes
Details
Industry Size (2023)
US$ 114.1 million
Forecasted Industry Size (2033)
US$ 707.2 million
CAGR Estimation (2023 to 2033)
20.1%
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Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
The industry is experiencing growth due to the rising demand for dependable and cost-effective conference room solution, reflecting the evolving needs of modern workplaces.
Investments in digitizing the workspace are a significant driver, emphasizing the shift toward technologically advanced conference solutions to support remote and in-person collaboration.
The industry benefits from relevant technological breakthroughs and a growing range of cost-effective conferencing software, offering enhanced performance and cost-efficiency opportunities to meet the evolving demands of businesses and organizations.
Key Trends Influencing Demand for Conference Room Solution in Japan
Conference room solution providers in Japan are increasingly adopting a strategic approach by acquiring promising start-ups. This trend allows established players to maintain their leadership position while expanding their product offerings and customer base, catering to a wide range of clients, from large corporations to small and medium-sized businesses.
Leading conference room solution industry players in Japan continuously enhance and diversify their product portfolios. They are introducing innovative features and technologies to meet the evolving demands of businesses and organizations. This is driving a surge in demand for advanced and adaptable conference room solution.
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Comparative View of Adjacent Conference Room Solution in Key Industries
The provided table offers a comparative overview of sales of conference room solution and their respective adoption rates in three key regions- Japan, Western Europe, and Korea.
Conference Room Solution in Japan:
Attributes
Conference Room Solution in Japan
CAGR (2023 to 2033)
20.1%
Valuation (2023)
US$ 114.1 million
Key Trend
The strategic acquisition of promising start-ups by established players to expand their product offerings and reach a broader range of clients.
Key Challenge
The Integration of Legacy Systems, where many businesses have existing conference room setups with legacy equipment and technologies.
Conference Room Solution in Western Europe:
Attributes
Conference Room Solution in Western Europe
CAGR (2023 to 2033)
13.8%
Valuation (2023)
US$ 286.0 million
Key Trend
The growing emphasis on hybrid and remote work solution where the conference room solution providers were focusing on integrating features that support seamless hybrid work models, enabling employees to work from both in-office conference rooms and remote locations.
Key Challenge
The industry is adapting and innovating to meet the evolving needs of business, ensuring that conference room solution remain relevant and effective in a shifting work environment.
Conference Room Solution in Korea:
Attributes
Conference Room Solution in Korea
CAGR (2023 to 2033)
11.5%
Valuation (2023)
US$ 41.7 million
Key Trend
Incorporating technologies including IoT, Big Data, and Artificial Intelligence.
Key Challenge
Interoperability issues can lead to communication breakdowns and difficulties achieving a smooth, collaborative conference experience.
City-wise Insights
Meeting the Technological Demand in the Tokyo Kanto Region
The Kanto region in Japan has shown a growing appetite for conference room solution. The corporate landscape here, particularly in Tokyo, demands sophisticated and technologically advanced solutions for meetings and collaborations. With a substantial presence of large enterprises and start-ups, Kanto is a competitive industry where providers aim to cater to diverse client needs, ranging from multinational corporations to innovative start-ups.
The Dominance of Industrial and Manufacturing Solution in the Chubu Region
Chubu, a region known for its manufacturing and industrial prowess, has a significant demand for efficient conference room solution. The manufacturing sector often requires tailored solutions for engineering discussions, remote monitoring, and product development meetings. As businesses in Chubu embrace technological advancements, the conference room solution industry experiences steady growth, driven by the unique requirements of the industrial landscape.
Rise of Innovation-driven Conference Requirements in the Kinki Region
The Kinki region, which includes main cities like Osaka and Kyoto, showcases a dynamic corporate environment. Businesses in this region have recognized the importance of top-notch conferencing solutions for effective communication and decision-making. With a mix of traditional industries and innovation-driven enterprises, the demand for cutting-edge conference room solution in Kinki continues to rise
Varied Urban-rural Demand in Kyushu & Okinawa Regions
Kyushu and Okinawa, characterized by a blend of urban and rural settings, present diverse demands for conference room solution. Both traditional and emerging industries influence the corporate landscape. With the need for effective communication and collaboration across various sectors, the drive for conference room solution caters to the evolving requirements of businesses in these regions.
Academic and Industrial Collaboration Raises the Demand in the Tohoku Region
The demand for conference room solution is notable in the Tohoku region, characterized by its industrial and academic centers. Universities, research institutions, and businesses are driving the need for advanced conferencing technologies to facilitate collaborations, knowledge sharing, and project management. The unique blend of academic and industrial activities in the Tohoku region contributes to the growth of the conference room solution sector in this region.
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Category-wise insights
The table below indicates that in 2023, the IT and telecommunication sectors, along with hardware, are expected to take the lead in their respective vertical and component categories.
Category
Industrial Share in 2023
IT and Telecommunication sector
21.3%
Hardware
45.3%
IT and Telecom Industry is Leading the Conference Room Solution Industry
The IT and Telecom segment asserts dominance in the global conference room solution industry, capturing a substantial 21.3% industry share in 2023. The growth of unified communication and collaboration, encompassing features like voice and web conferencing, accessibility, real-time interactions, team collaboration, and unified messaging, has been pivotal in bolstering industry contributions. These factors have been instrumental in driving the widespread adoption of conference room solution within this sector.
Innovative Features Propel Conference Room Hardware to Industry Dominance
In 2023, the conference room solution hardware segment solidifies its dominance, accounting for a significant 45.3% share of the industry's total value. This segment encompasses a range of essential components, including flat screens, projectors, cameras, interactive/digital whiteboards, and other related products. Notably, these conference room solution offer a rich array of features, such as real-time interactivity, advanced video conferencing capabilities, screen recording functionalities, and the development of smartphone-compatible software. The reliability and effectiveness of these features have been pivotal in driving global demand for conference room solution hardware.
Recent Developments Observed in Conference Room Solution in Japan
Sony publicized its plan to showcase its accessibility-focused products and services and its commitment to inclusive design at CEATEC 2023. It also announced the establishment of Sony Research Inc. as a wholly owned subsidiary of Sony Group Corporation with the mission to ‘pioneer the future of creation.
Zoom Video Communications, Inc.'s Japanese affiliate, ZVC JAPAN, Inc., confirmed the opening of the Zoom Contact Center in Japan. To facilitate more effective client engagement and widespread communication, businesses can now employ the Japanese version of Zoom Virtual Agent, an intelligent conversational AI and Chabot solution.
Some of the Key Players in the Conference Room Solution Industry in Japan
Sony Corporation
Panasonic Corporation
NEC Corporation
Ricoh Company, Ltd.
Sharp Corporation
Yamaha Corporation
Mitsubishi Electric Corporation
Crestron Electronics, Inc.
Poly (formerly Polycom)
Toshiba Corporation
Report Scope
Attribute
Details
Estimated Industry Size in 2023
US$ 114.1 million
Projected Industry Size by 2033
US$ 707.2 million
Anticipated CAGR between 2023 to 2033
20.1% CAGR
Demand Forecast for the Conference Room Solution Industry in Japan
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Analysis of key factors influencing the Conference Room Solution Industry in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Providers
Key Cities Analyzed
Kanto
Chubu
Kinki (Kansai)
Kyushu and Okinawa
Tohoku
Rest of Japan
Key Companies Profiled
Sony Corporation
Panasonic Corporation
NEC Corporation
Ricoh Company, Ltd.
Sharp Corporation
Yamaha Corporation
Mitsubishi Electric Corporation
Crestron Electronics, Inc.
Poly (formerly Polycom)
Toshiba Corporation
Key Segments
By Component:
Hardware
Flat Screens
Projectors
Cameras
Interactive/Digital Whiteboards
Software
Unified Communication and Collaboration
Document Management
Meeting Organizers/Scheduling
Others
Services
Professional Services
Consulting
Implementation and Integration
Training
Managed Services
By Enterprises Size:
Small & Medium Enterprises (SMEs)
Large Enterprises
By Vertical:
IT & Telecom
BFSI
Healthcare
Retail
Media & Entertainment
Transportation & Logistics
Education
Manufacturing
Others
By Cities/Provinces:
Kanto
Chubu
Kinki (Kansai)
Kyushu and Okinawa
Tohoku
Rest of Japan
Frequently Asked Questions
What is the Expected Conference Room Solution Ecosystem Value in 2023?
The conference room solution landscape is likely to be valued at US$ 114.1 million in 2023.
What is the Projected CAGR for the Conference Room Solution Ecosystem in Japan?
The anticipated CAGR for the conference room solution ecosystem in Japan through 2033 is 20.1%.
How big will the Conference Room Solution Industry be in Japan?
Demand for the industry in Japan is estimated to be US$ 707.2 million by 2033.
Which is the Preferred Component Type for the Conference Room Solution Industry in Japan?
Hardware is the preferred component type for the conference room solution industry in Japan.
Which Vertical Segment Area Contributes Significantly to the Conference Room Solution Industry in Japan?
IT & Telecom sector plays a vital role in Japan's conference room solution industry.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.7. Regional Parent Market Outlook
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Hardware
5.3.1.1. Flat Screens
5.3.1.2. Projectors
5.3.1.3. Cameras
5.3.1.4. Interactive/Digital Whiteboards
5.3.2. Software
5.3.2.1. Unified Communication and Collaboration
5.3.2.2. Document Management
5.3.2.3. Meeting Organizers/Scheduling
5.3.2.4. Others
5.3.3. Services
5.3.3.1. Consulting
5.3.3.2. Implementation and Integration
5.3.3.3. Training
5.3.3.4. Managed Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Enterprises Size
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Enterprises Size, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprises Size, 2023 to 2033
6.3.1. Small & Medium` Enterprises (SMEs)
6.3.2. Large Enterprises
6.4. Y-o-Y Growth Trend Analysis By Enterprises Size, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Enterprises Size, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2023 to 2033
7.3.1. IT & Telecom
7.3.2. BFSI
7.3.3. Healthcare
7.3.4. Retail
7.3.5. Media & Entertainment
7.3.6. Transportation & Logistics
7.3.7. Education
7.3.8. Manufacturing
7.3.9. Others
7.4. Y-o-Y Growth Trend Analysis By Vertical, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Vertical, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. Kanto
8.3.2. Chubu
8.3.3. Kinki
8.3.4. Kyushu & Okinawa
8.3.5. Tohoku
8.3.6. Rest of Japan
8.4. Market Attractiveness Analysis By Region
9. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Component
9.2.2. By Enterprises Size
9.2.3. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Component
9.3.2. By Enterprises Size
9.3.3. By Vertical
9.4. Key Takeaways
10. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Component
10.2.2. By Enterprises Size
10.2.3. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Component
10.3.2. By Enterprises Size
10.3.3. By Vertical
10.4. Key Takeaways
11. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Component
11.2.2. By Enterprises Size
11.2.3. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Component
11.3.2. By Enterprises Size
11.3.3. By Vertical
11.4. Key Takeaways
12. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Component
12.2.2. By Enterprises Size
12.2.3. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Component
12.3.2. By Enterprises Size
12.3.3. By Vertical
12.4. Key Takeaways
13. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Component
13.2.2. By Enterprises Size
13.2.3. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Component
13.3.2. By Enterprises Size
13.3.3. By Vertical
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Component
14.2.2. By Enterprises Size
14.2.3. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Component
14.3.2. By Enterprises Size
14.3.3. By Vertical
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Component
15.3.3. By Enterprises Size
15.3.4. By Vertical
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Cisco Systems, Inc.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. Microsoft Corporation
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Huawei Technologies Co. Ltd.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. Alphabet, Inc. (Google)
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Adobe Systems Incorporated
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. LogMeIn, Inc.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Polycom (Plantronics, Inc.)
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Zoom Video Communications, Inc.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. ZTE Corporation
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Biamp
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.11. ClearOne
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.12. WolfVision
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
17. Assumptions & Acronyms Used18. Research Methodology
