Internet of Things is defined as a network of systems, physical objects, platforms and applications which comprises embedded technology for communicating and sharing intelligence with each other, the external environment and with people. It can also be defined as a system of interrelated computing devices, digital and mechanical machines, objects, or people that are provided by unique identifiers along with the ability to transfer the data over a network without any necessity of human-to-human or human-to-computer interaction. The internet of things relies on an entire host of technologies which includes application programming interfaces (API) which connect the devices to the internet, and other major technologies of the internet of things are the predictive analytics, Big Data management tools, machine learning & artificial intelligence along with cloud and radio-frequency identification (RFID).
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The factors which are boositng the growth of Japan internet of things market include the rising government efforts and initiatives for the adoption of internet of things, increasing adoption of the cutting-edge technologies such as internet of things across various sectors, including the telecom industry, transportation management, telemetering, digital signage, data backup among others, along with the increase in the use of internet of things in healthcare owing to the rapid aging and shrinking population in Japan which is leading to growth in the health issue across the country. For instance, the incidences of diabetes are rising in the country, which is leading to the creation of an approach for the management of Type 2 diabetes, which includes a bit of psychology with the internet of things devices. The country is continuously focussing on using high-quality health data and the latest technology for enhancing the lives of the citizens. In addition, increasing investments in the research and development activities along with the growing demand for collaborative robots and enhancing economic growth of the country are also some factors propelling the growth of internet of things market in Japan.
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Moreover, The Ministry of Internal Affairs and Communications came up with an ICT strategy named u-Japan policy, that is aiming at the enhancement in the usage of ICT along with upgrading the enabling environment. Through this, the government is focussing on a value-creation oriented society in which ICT penetrates the lives of people and also creating usage of ICT, which further leads to the emergence of new values. The factors restraining the growth of Japan internet of things include concerns regarding the hacking of data from the solutions and concerns for security.
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Various notable players operating in the Japan Internet of Things market include Amazon Web Services, Inc., Fujitsu Ltd., Hitachi, IBM Japan, Microsoft Corporation, NTT Docomo Inc., SoftBank Group Corp., Intel Corporation, NTT Data Corporation and Siemens AG among others.
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