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.
Sudip Saha
Sudip Saha

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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.

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.

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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 Used

18. Research Methodology

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