Japan is a world leader in many areas—but not in the software business. Japan’s GDP ranks third in the world and is home to some of the most famous brands, including Toyota, Nissan, and Sony but the Japanese firms’ success is in embedded software and in the gaming industry rather than stand-alone software products.
Japan is known for its trust on perfection and is known for building great products, but software in Japan is set up as a support industry rather than a profit centre.
In this article, we investigate the reasons Japanese companies have been slow to realise the importance of software products and how things are now changing.
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Why Is Japan Behind the Curve in The Software Businesses?
Other Asian countries, such as Singapore and South Korea, have been growing their investments in high-tech sectors and have been more receptive to globalisation.
The Growth of Software Businesses in Japan
Japanese businesses are now starting to focus on working with established software companies from Europe and the US to provide the insights needed to develop software products.
The business model is now shifting towards licensing, upgrading, or SaaS (software as a service) which will create investment and interest in the software business.
Start-up funding has risen during the last few years, and the Japanese government is increasing investment to improve global competitiveness, including a $1.2 billion fund through a shared government-owned and private-company vehicle, Japan Investment Corporation.
Popular areas for investment include robotics, cybersecurity, and AI.
Tax Incentives Open to Foreign Investors
Advantages of Foreign Investment in Japan
Invest in Japan
At Sakura we are working with Japanese organisations who understand the need to change to a more global software development perspective.
If you are thinking about introducing your software product to the Japanese market, then please contact us for some impartial advice on the best way to proceed.